On Wednesday (14 August) Victoria Gold Company introduced that the Ontario Superior Court docket of Justice had granted an order appointing PricewaterhouseCoopers (PwC) because the receiver and supervisor of the Victoria Gold Company.
The receivership order was served by the Yukon Authorities following a serious landslide incident and cyanide spill on the Eagle Gold mine on 24 June.
The corporate confirmed it had acquired the order and stated it “intends to reply to oppose the appliance”.
The Eagle facility produced gold from a traditional open-pit operation comprising a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold restoration plant.
Following the incident, Victoria Gold suspended operations on the mine.
The Yukon Authorities and firm officers have made a aware effort to mitigate the environmental injury from the catastrophe. The Canadian Federal Authorities ordered Victoria Gold to assemble boundaries to guard fish and close by waterways from any cyanide discharge.
Entry essentially the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we wish you to take advantage of
helpful
choice for your enterprise, so we provide a free pattern you could obtain by
submitting the under type
By GlobalData
Beneath the receivership order, PwC is now the supervisor of all of Victoria Gold’s property, belongings and endeavor “wherein the respondent has an curiosity”. This consists of the Eagle gold mine.
The receivership order appointed digital options supplier Parsons because the lead environmental guide in respect of the property.
Victoria Gold introduced that the Texas Inventory Change is predicted to instantly droop frequent shares of the corporate from buying and selling and provoke and expedite a delisting assessment.