Project - Economics
Casino economic impacts report.
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69%
of operational spending will occur in Yukon
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$43 Million
in annual wages and salaries in the operating phase of the Project
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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
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$500,000
Amount that every signed First Nation stands to profit PER YEAR under the Umbrella Final Agreement.
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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.
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Total Projected Economic Impacts from Casino Mine
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|---|---|---|---|---|---|---|---|
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|
Output
(million) |
GDP
(million) |
Employment
(FTEs) |
Wages & Salaries
(million) |
Federal Tax
(million) |
Yukon Tax & Royalties &
Provincial Tax (million) |
Other Tax
(million) |
|
Total Yukon Impacts
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$8,308
|
$6,402
|
23,893
|
$1,131
|
$464
|
$1,810
|
$36
|
|
Rest of Canada
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$7,388
|
$3,275
|
27,480
|
$1,338
|
$472
|
$359
|
$16
|
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All of Canada Total
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$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.