“I would see workers constantly complain about specific safety issues,” said a former member of the health, safety and security department, who worked at Eagle for four years. “And it was just pushed off on the backburner. ‘Oh, we’ll get around to it. You know, we don’t have parts, we don’t have time.’”
The lax safety culture may have contributed to Victoria’s difficult position. With operations at Eagle suspended after the June 24 heap leach spill and landslide, the company faces C$232.5 million in debt payments, and no cash flow. The incident tanked Victoria’s share price by more than 85% during the last week of June. The single-asset company now has a market cap of C$54.1 million.
Victoria has issued three news releases since the accident. It has not responded to multiple requests for comment. The precise cause of the accident is being investigated.
“There was always an excuse why we couldn’t fix…
