The impact of the disaster at Victoria Gold’s (TSX:VGCX) Eagle Mine in the Yukon Territory continues to unfold as it was revealed that contaminated water continues flowing towards nearby Haggart Creek, putting wildlife and residents at risk.
The spill occurred on June 24 because of a landslide and failure at the company’s heap leach facility, where gold is extracted from ore using a cyanide solution.
Despite the company not commenting on the matter since July 12, the Yukon Territory government has confirmed that containment plans are in effect.
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Commodity prices
As of the time of this writing Tuesday, the price of gold sits at US$2,409.00 per ounce, which is down 2.39 per cent over a five-day period, according to data from Kitco.com.
This week in gold
- Montage Gold (TSXV:MAU) reveals an upsized C$180 million brokered private placement with participation from the Lundin Family Trusts and China’s Zijin Mining Group.
- Sienna Resources (TSXV:SIE) increases its acreage on the Stonesthrow Gold Project in Saskatchewan.
- Cantex (TSXV:CD) pauses exploration at its North Rackla project in the Yukon after a massive spill of a cyanide solution at Victoria Gold’s nearby Eagle Mine in June.
Top six trending gold stocks
- Victoria Gold (TSXV:VGCX)
- New Found Gold (TSXV:NFG)
- Laurion Minerals Exploration (TSXV:LME)
- Fortune Minerals (TSX:FT)
- G Mining Ventures (TSX:GMIN)
- Wesdome Gold Mines (TSX:WDO)
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(Top image: Adobe Stock)
