Canada’s Yukon Seeks to Place Victoria Gold Into Receivership

The government of a Canadian territory is seeking to place Victoria Gold Corp. into receivership after a major landslide and cyanide spill at the company’s flagship bullion mine earlier this summer.

Victoria Gold was served with an application by the Yukon government late Tuesday seeking the appointment of a receiver over the company and its property, the miner said Wednesday. Victoria Gold said it intends to oppose the application.

The Vancouver-based company suspended operations at Eagle Mine in July following a failure at its heap leach facility, where mined ore is stacked into piles and sprinkled with cyanide-laced water.

Yukon ...