Project - Economics

Casino economic impacts report cover

Casino economic impacts report.

69%
of operational spending will occur in Yukon
$43 Million
in annual wages and salaries in the operating phase of the Project
Approximately
1,000 People
will be required during the construction phase of the Project
$274 Million
Annual GDP generated in Yukon by the operation of the Casino project is estimate at $274 million, equivalent to 10.3% of the Territory’s 2011 nominal GDP
$500,000
Amount that every signed First Nation stands to profit PER YEAR under the Umbrella Final Agreement.

The proposed Casino mine will offer considerable economic benefits and opportunities to Yukon, including:

  • Revenues to governments in taxes and royalties including revenue sharing opportunities for First Nation governments.
  • Business opportunities for product and service supplier contracts, as well as through joint ventures and other partnerships during the construction and operation phases.
  • Employment opportunities.
  • Trades apprenticeship opportunities.
  • Career development opportunities for skilled, trades, professional, and entrepreneurial businesses.
  • Capacity support for community infrastructure, organizations and initiatives.

According to a 2013 Economic Impacts Report, Casino has the potential to generate substantial benefits for the Yukon economy. The total projected impacts of construction and operation to Yukon is $6.4 billion to its Gross Domestic Product (GDP), $1.8 billion in tax and royalty revenues, and approximately 600 full-time jobs annually during its proposed 22-years of operations. Total projected impacts are shown in the table below.

Total Projected Economic Impacts from Casino Mine
 
Output
(million)
GDP
(million)
Employment
(FTEs)
Wages & Salaries
(million)
Federal Tax
(million)
Yukon Tax & Royalties &
Provincial Tax
(million)
Other Tax
(million)
Total Yukon Impacts
$8,308
$6,402
23,893
$1,131
$464
$1,810
$36
Rest of Canada
$7,388
$3,275
27,480
$1,338
$472
$359
$16
All of Canada Total
$15,696
$9,678
51,373
$2,469
$936
$2,169
$52

For more information, please view the Economic sections of the project proposal and supplementary information.