It was the largest open-pit lead–zinc mine in the world as well as a significant producer of silver and other natural resources.

The mine was built by the Ralph M. Parsons Construction Company of the United States with General Enterprises Ltd. of Whitehorse being the main subcontractor.

[4] As these industries have declined over the past decade, Faro is attempting to attract ecotourism to the region to view such animals as Dall and Stone sheep.

On 26 October 2021, two people were killed and another critically injured in an active shooter situation in Faro.

The trains took the buckets another 170 km (110 mi) to Skagway, Alaska, where the contents were poured out into the holds of ships.

World prices for metals fell in 1982, and the mine owners announced in May a two-month halt to production starting in June, 1982.

[23] With the bankruptcy of Anvil Range the clean up bill for the mine and tailings pond fell to the federal government.

The $40 million annual costs are to run pumps to prevent the tailings from breaching the dams and the construction and operations of three water treatment plants.

The concerns listed by federal officials include the leaching of toxic metals into the Pelly and Yukon rivers as the acidic rock drainage worsens over time.

Faro has a subarctic climate (Köppen Dfc) with mild summers and severely cold winters.