Yukon Government Seeks Receiver for Victoria Gold

Victoria Gold Corp., the operator of the Eagle Gold Mine in Yukon, is facing a court application by the Yukon government to appoint a receiver to manage the company's operations following a significant cyanide spill caused by a landslide on June 24. The spill, which resulted in the contamination of nearby waterways and the death of dozens of fish, has sparked criticism from local government and First Nations for the company's insufficient communication and response efforts. Victoria Gold has stated its intention to oppose the government's application for receivership and has been ordered by the federal Department of Fisheries and Oceans to implement mitigation measures to protect aquatic life. The Yukon government previously suspended mining operations and is emphasizing the need for responsible environmental management. The situation remains under investigation as both governmental and environmental agencies work to assess the full extent of the damage. As of now, Victoria Gold's stock is trading at C$0.48 per share amidst these developments.