Victoria Gold (TSX: VGCX)
The company has been placed into receivership after the Yukon government were granted an application by an Ontario court.
The government are said to have lost faith in the mine’s management after the catastrophic heap leach failure on the 24th June. Continue reading
Mining Review 11th August 2024
A quiet week on the news front, with Calibre Mining announcing first gold ore from their new Volcan pit in Nicaragua.
The price of gold continues to oscilate, whilst most industrial metals continue to fall in price due to economic concerns. Continue reading
Mining Review 4th August 2024
Karora Resources has traded on the TSX for the last time, after the completion of its merger with Westgold.
Capricorn Metals announced their KGM with a positive upgrade. Continue reading
Victoria Gold (TSX: VGCX)
On the 24th June 2024 Victoria Gold announced a landslide at the heap leach pad at their Eagle Gold Mine in the Yukon territory of Canada.
What they really meant to say was that two million tons of the heap leach pad had cascaded down the mountain, and there was a concern about cyanide contamination of the local water supply. Continue reading
Victoria Gold (TSX: VGCX)
On the 24th June Victoria Gold reported a Heap leach pad “incident”, and operations were “temporaily suspended”, which sounded fairly innocuouos at the time.
What they failed to say was that around two million tons of a four million ton leachpad had slipped off the top of the mountain and collapsed down the side!
I seriously doubt the company can survive this catastrophe, and I predict it will cease to exist.
