The Globe and Mail reports in its Thursday edition that Victoria Gold was placed in receivership last week, its management ejected and shareholders wiped out following a major cyanide spill in central Yukon. The Globe's Niall McGee writes that four million tonnes of cyanide-laced rocks collapsed at the company's outdoor gold-processing facility in late June. Stabilization of the site is expected to take into next year and cost up to $150-million. The Yukon government, which is funding the cleanup, said on Friday that its costs should be partly covered by $103.7-million in security bonds already paid by Victoria Gold. Depending on the total cost, however, it may be on the hook for tens of millions over and above that. For Yukon and other creditors of Victoria Gold, the preferred financial outcome is an eventual sale of the mine to a new operator with that entity paying creditors back the highest amount possible. Kerry Smith, mining analyst with Haywood Securities, said that Agnico Eagle Mines is a possible acquirer of the mine, and given that it is a large, diversified miner with expertise in running big sites in Northern Canada. What is unknown is whether the mine is big enough to move the needle at Agnico.