Victoria Gold legal woes continue as creditor list goes public [Video]

The receiver appointed to oversee the Victoria Gold Corporation has released more details about the company’s financial affairs following a major failure at the company’s Eagle mine in central Yukon earlier this summer.    

PricewaterhouseCoopers (PwC) was appointed on Aug. 15 by the Ontario Superior Court of Justice after the Yukon government asked that the company be put into receivership.

In a statement sent to Victoria Gold’s creditors on Monday and also posted online, PwC details the value of the company’s assets as of June 30 and the money it owed to hundreds of creditors as of Aug. 14.

According to the statement, Victoria Gold had assets totalling $824.75 million, though PwC said the figures listed do not necessarily represent the value of the assets when they are sold or liquidated.

Victoria Gold’s Eagle mine, north of Mayo, Yukon, began operations in 2019 using a heap-leach process to extract gold from stacks of …