14:49:05 EDT Wed 29 Apr 2026
Enter Symbol
or Name
USA
CA



Globe/CP say Victoria Gold sees Yukon pick mine buyer

2026-04-29 08:01 ET - In the News

The Globe and Mail reports in its Wednesday edition that a Singapore-based private company has been chosen as a potential buyer for the defunct Eagle Gold mine, where a catastrophic failure in 2024 sent cyanide-soaked ore into the Yukon environment. A Canadian Press dispatch to The Globe quotes a statement from the territorial government Tuesday saying the court-appointed receiver has entered into an exclusivity agreement with Boroo Ltd. for the sale of the mine. No price tag was disclosed, but the agreement signed on April 23 gives the potential buyer 90 days to complete additional due diligence and negotiate sales terms. "This includes setting out criteria to ensure that any potential buyer is responsible, experienced and well-resourced," the statement said. The website for receiver PwC said that along with negotiating the sale, Boroo will start discussions with the Yukon government and the first nation of Na-Cho Nyak Dun about agreements that would need to be in place for mining operations to restart. The mine suffered a catastrophic failure in June, 2024, spilling two million tonnes of cyanide-soaked ore into the environment. Its previous owner, Victoria Gold, was later put into receivership by an Ontario judge.

© 2026 Canjex Publishing Ltd. All rights reserved.