Northwire Canada EditionTuesday, August 25, 2026
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GOLD 4701.90 +0.1% SILVER 68.61 +0.0% COPPER 6.71 +1.6% OIL 82.20 −3.3% PALLADIUM 1334.25 −2.1% DLTA 0.185 +0.0% EMO 0.390 −3.7% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.540 −1.8% AVL 8.83 +10.2% VCG 1.60 +16.8% TTS 2.55 −1.9% SCMI 1.93 +4.3% RIO 3.56 +4.4% PUMA 0.145 +11.5% TRR 0.360 +0.0% TECT 2.69 +0.4% OGN 5.18 −1.8% GGD 4.37 +3.3% NAU 1.62 +1.9% GOLD 4701.90 +0.1% SILVER 68.61 +0.0% COPPER 6.71 +1.6% OIL 82.20 −3.3% PALLADIUM 1334.25 −2.1% DLTA 0.185 +0.0% EMO 0.390 −3.7% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.540 −1.8% AVL 8.83 +10.2% VCG 1.60 +16.8% TTS 2.55 −1.9% SCMI 1.93 +4.3% RIO 3.56 +4.4% PUMA 0.145 +11.5% TRR 0.360 +0.0% TECT 2.69 +0.4% OGN 5.18 −1.8% GGD 4.37 +3.3% NAU 1.62 +1.9%
Drill Results Routine +

[Video Enhanced] Selkirk Copper Focuses on 2028 Minto Mine Restart

Selkirk reports 280% resource growth at Minto and advances an Alaska port study to support project development.

By The Northwire Desk — AI Analysis Aug 25, 2026 · 08:30 SCMI · 1.85 Selkirk Copper Mines Inc.
Executive Summary

Selkirk Copper Mines Inc. (SCMI) released a consolidated update on the Minto Project, highlighting three key developments: an updated Mineral Resource Estimate (MRE) from July 2026 showing a 280% increase in Measured & Indicated resources, a scoping study for shipping concentrates via the Port of Skagway, Alaska, and Phase 2 drilling results expanding known zones. The company targets a 12-15 year mine life at 4,100 tonnes per day, with a restart aimed for mid-2028.

Phase 2 drilling is 74% complete, with 37,000m of 50,000m finished. Recent results report high-grade copper-gold-silver intercepts at Minto North and Area 118. Additionally, the Skagway port study, funded by up to US$200,000, aims to evaluate environmentally responsible shipping options to access Pacific/Asian markets. Copper prices have surged approximately 50% year-over-year, strengthening the economic case for a restart.

Material Impact

Selkirk Copper Mines Inc. (SCMI) has released an update consolidating previously announced milestones, including the July Mineral Resource Estimate (MRE) and ongoing Phase 2 drilling, alongside a new logistics initiative. The company confirmed it remains on track with its 2028 restart timeline, actively de-risking the project through resource expansion and infrastructure planning.

The update is considered incremental and consistent with the company's stated roadmap, reinforcing the positive trajectory of the restart plan without introducing a fundamentally new catalyst. Additionally, the removal of the legacy gold-silver stream, announced earlier, continues to improve the asset's economics, now classifying the project as a full co-product mine.

SCMI · Price
Company Overview

Selkirk Copper Mines Inc. is a development-stage mining company focused on restarting the former Minto copper-gold-silver mine in the Yukon, Canada. The project sits on the Minto-Carmacks Copper Belt and includes a 4,100 tpd processing plant, a 400-person camp, and extensive underground and open pit infrastructure. The company acquired the asset from the Selkirk First Nation in October 2025.

The restart strategy targets a 12-15 year mine life, utilizing existing infrastructure to minimize capital expenditure. The asset benefits from the removal of a legacy gold-silver stream, reclassifying it as a full co-product mine with 65% revenue from copper and 35% from gold and silver.

Read the original news release →

More from Selkirk Copper Mines Inc.

Aug 20, 2026 · 07:01

Selkirk reports high-grade Minto infill and Area 118 step-out results, with the positive pre-feasibility study remaining a key catalyst for the project.

Drill Results Aug 17, 2026 · 07:01

Selkirk advances a Skagway port study to support logistics for the Minto mine restart.

Production / Operations Jul 30, 2026 · 07:01

Selkirk’s Minto mine-in-place resource jumps 182% in copper following Phase 1 results, with a preliminary economic assessment likely next.

Resource Estimate Jul 08, 2026 · 07:01

Selkirk infill drilling confirms high-grade continuity at the project, with PEA and resource updates serving as the primary catalysts.

Drill Results Jun 10, 2026 · 08:30

Selkirk Copper concludes Phase 1 drilling with high-grade hits ahead of the upcoming preliminary economic assessment for its project.

Drill Results Jun 03, 2026 · 07:01

Selkirk’s Minto Project drilled high-grade intercepts, supporting mid-2027 restart ambitions and a phase two expansion.

Drill Results