19:28:00 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Victoria Gold Corp (2)
Symbol VGCX
Shares Issued 67,725,850
Close 2024-08-13 C$ 0.48
Market Cap C$ 32,508,408
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Globe says Victoria Gold cleanup seen as lagging

2024-09-16 09:12 ET - In the News

The Globe and Mail reports in its Monday edition that efforts to clean up a massive cyanide spill at the Eagle gold mine in Yukon have faltered after the receivership of Victoria Gold. 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, causing massive damage to mine infrastructure and contamination. An Ontario judge determined last month that Victoria Gold did not have sufficient funding and was not moving with enough urgency to address the Yukon government's directives, so the company was put into receivership. While some legacy Victoria Gold employees remain at the Eagle mine, the cleanup is now being overseen by receiver PwC, with Parsons Inc. serving as the lead environmental consultant, and the Yukon government providing the funding. Nicolas Harvey, former manager of engineering and projects at Victoria Gold, told The Globe that instead of environmental remediation work speeding up after the receivership, progress has instead slowed dramatically. "The government's initial emphasis on urgency and environmental concerns seems to have faded, replaced by delays and inconsistencies," Mr. Harvey said in a statement.

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