The facility produced gold from a conventional open-pit operation. Credit: Aleksandrkozak via Shutterstock.

On Wednesday (14 August) Victoria Gold Corporation announced that the Ontario Superior Court of Justice had granted an order appointing PricewaterhouseCoopers (PwC) as the receiver and manager of the Victoria Gold Corporation.  

The receivership order was served by the Yukon Government following a major landslide incident and cyanide spill at the Eagle Gold mine on 24 June.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company confirmed it had received the order and said it “intends to respond to oppose the application”. 

The Eagle facility produced gold from a conventional open-pit operation comprising a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold recovery plant. 

Following the incident, Victoria Gold suspended operations at the mine. 

See Also:

The Yukon Government and company officials have made a conscious effort to mitigate the environmental damage from the disaster. The Canadian Federal Government ordered Victoria Gold to construct barriers to protect fish and nearby waterways from any cyanide discharge.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under the receivership order, PwC is now the manager of all of Victoria Gold’s property, assets and undertaking “in which the respondent has an interest”. This includes the Eagle gold mine.  

The receivership order appointed digital solutions provider Parsons as the lead environmental consultant in respect of the property. 

Victoria Gold announced that the Texas Stock Exchange is expected to immediately suspend common shares of the company from trading and initiate and expedite a delisting review.