What are the natural resources of the Yukon Territory?


Quick Answer

According to The Canadian Encyclopedia, minerals such as gold, zinc, lead and silver are Yukon Territory's most economically viable non-renewable resources. The territory is also home to a wide variety of wildlife and natural resources such as big game animals, fur-bearing animals, birds and fish.

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Full Answer

Yukon Territory is a remote area located in the northwestern corner of Canada. Interest in the Yukon's resources dates back to the 19th century when gold prospectors in growing numbers pushed northwards from the Cassiar and Omineca mountains of northern British Columbia. Gold mining was critical to the development of the region's economy until the introduction of silver and lead production in 1913.

Initially, the rugged geography of the Yukon prevented the establishment of a stable mining industry during the First World War. However, after the discovery of gold and other natural resources, the Yukon managed to attract interest from mining companies and resource extraction projects. In addition, the region's unique scenery contributed to the growth of the region's multi-million dollar tourism industry. Government assistance programs also helped in the exploration and development of the region as well as in the creation of a highly developed road system. According to The Canadian Trade Commissioner Service, the population of the Yukon was 33,897 in 2011, which represented an increase of 12 percent from 2006.

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