Some environmental advocacy groups are speculating the company behind the Eagle Gold Mine – site of a cyanide spill in Yukon last month – may soon go bankrupt.

Mine owner Victoria Gold released a statement on July 12 indicating it is facing uncertainty regarding the future of the mine.

“There can be no assurance that the Company will receive authorizations necessary to restart production,” it said, “or that the Company will have the financial resources necessary to repair damage to equipment and facilities or remediate impacts caused by the incident or restart production.”

Aerial view of Eagle Gold mine, with the extent of the June 24 heap leach facility incident outlined in yellow. Photo: Victoria Gold

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