Victoria Gold (TSX: VGCX)
The Yukon governement are stepping up their relief efforts at the site of the Victoria Gold Eagle Mine heap leach disaster.
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Yukon Government Assisting at Victoria Gold disaster Site
Victoria Gold (TSX: VGCX) The Yukon governement are stepping up their relief efforts at the site of the Victoria Gold Eagle Mine heap leach disaster.
The company are keeping mum currently, and it seems responsibility for the disaster is slowly being transferred to the Yukon governement, after they stated the company were gehind in their commitments to the clean up efforts.
A statement by the Yukon governent can be read here
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A Mining.com article can be read here
As I have previously stated, I think Victoria Gold is finished as a mining company.
I believe they are finacially constrained due to the lenders declaring a debt default, and with no production producing cashflow and salaries and cleanup costs to pay, I think the end will not be too long in coming here.
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Disclosure
At the time of writing the author holds no shares in Victoria Gold.
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