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Victoria Gold Updates on Reopening Yukon Gold Mine and Remediation Funding

kent-jackson by kent-jackson
July 13, 2024
in News
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Victoria Gold Updates on Reopening Yukon Gold Mine and Remediation Funding
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The Uncertain Future of the Eagle Gold Mine

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The Eagle gold mine near Mayo, Yukon, operated by Victoria Gold Corp., is facing an uncertain future after a heap leach failure. The company recently stated that it may not have the financial resources needed to remediate the impacts of the incident or to repair the damage caused by the failure. Additionally, there is no guarantee that the mine will ever reopen, as the company awaits government authorizations to restart production.

Heap Leach Failure and Environmental Impact

The heap leach pad failure at the mine, which used a cyanide solution to extract gold, has raised concerns about environmental contamination. The Yukon government confirmed the presence of cyanide in a creek downstream from the mine, highlighting the potential ecological risks associated with the incident.

Yukon NDP Leader Kate White expressed concerns about the situation, emphasizing the responsibility of mining companies to clean up after disasters they cause. She highlighted the fear among Yukoners that the company may not have the necessary resources to address the environmental impacts of the failure.

The Need for Stronger Regulations

White also pointed to a pattern of mining disasters in the territory since 2006, when the Yukon government took over the approval of new mines. She mentioned previous incidents at mines like Wolverine and Minto, emphasizing the importance of updated minerals legislation to prevent future disasters.

Infrastructure Damage and Environmental Protection

Victoria Gold Corp. provided an update on the infrastructure affected by the failure, noting damage to the heap leach embankment, piping, pumping systems, conveyors, and electrical infrastructure. Despite the production suspension, the company stated that it is prioritizing the safety of its employees and working to minimize environmental impacts.

The company emphasized the importance of water quality monitoring, stating that recent water samples have not exceeded downstream water quality objectives according to its water use license. However, there is ongoing uncertainty about the long-term consequences of the failure and the potential need for extensive remediation efforts to protect the environment.

The uncertain future of the Eagle gold mine serves as a reminder of the importance of stringent regulations and oversight in the mining industry to prevent and mitigate environmental disasters. As the situation continues to unfold, stakeholders will be closely monitoring the company’s response and the government’s actions to ensure the protection of the environment and local communities.

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