“I wouldn’t frame this as a repercussion, but it is a result of the company not complying with those directions that we are stepping in to undertake construction of the berm ourselves,” Haney said.
The move comes just over one month after Victoria halted operations at Eagle after a failure of its heap leach pad caused a landslide that unleashed 4 million tonnes of material, with half leaving the pad’s containment. Between 280,000 and 300,000 cubic metres of cyanide-containing solution left the containment, according to government estimates. Victoria’s share price plummeted more than 85% during the last week of June. The single-asset company now has a market cap of C$41.3 million.
The company has issued three news releases since the accident. It has not responded to multiple requests for comment from The Northern Miner.
Yukon Premier Ranj Pillai on Friday appointed Dennis Berry, president of the Yukon Liquor Corporation,…
