The credit agreement between the Government of Yukon and PricewaterhouseCoopers Inc., in its capacity as court-appointed receiver of Victoria Gold Corporation, has been extended to April 1, 2026.
The Receiver is responsible for operations at the Eagle Gold Mine site, including the ongoing stabilization of the heap, water monitoring and sales process. This extension does not include any additional funding. The maximum loan amount remains unchanged at $220 million.
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The credit agreement, which was set to expire on December 31, 2025, is being extended to April 1, 2026.
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The closing date for the mine sale has not been established. Conversations with potential bidders and impacted stakeholders continue.
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On April 5, 2025, the Ontario Superior Court of Justice approved the Government of Yukon to loan up to $220 million to the court-appointed Receiver for the Victoria Gold Corporation to September 31, 2025, which was extended to December 31, 2025.
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The loan to the Receiver is secured by a court-ordered super-priority charge on the assets of Victoria Gold Corporation and is recorded as a loan receivable, offsetting the impact of the Operation & Maintenance appropriation and resulting in no impact on the surplus or net financial debt.
Holly Dalrymple
Communications, Energy, Mines and Resources
867-333-0820
[email protected]
Saskrita Shrestha
Communications, Economic Development
867-332-8076
[email protected]