Victoria Gold CEO McConnell axed

Date:

Victoria Gold declined to comment to The Northern Miner, referring questions to PwC. The accounting firm didn’t immediately reply to an email on Monday.

The Ontario Superior Court of Justice accepted the Yukon’s request to put Victoria into receivership last Wednesday. The company’s board resigned the next day.

The mine suffered a financially crippling heap leach pad landslide on June 24 that shut down operations. The Territory began stepping in about a month later when it said the company was lax in remediation efforts. Crews were trying to contain cyanide-infused ore that had tumbled into a stream but was mostly contained on site.

McConnell said he was proud of what Victoria Gold had built over the past 15 years, according to the CBC. Last week he said he knew his time was short even though he pledged to help with the cleanup.

The Yukon has said the mine could return to production at some point and that Victoria Gold…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...