An arial view of the aftermath of a landslide at the heap leach facility at the Eagle Gold Mine. Photo Courtesy of Yukon Government.
Whitehorse, YT – The Yukon Government has extended its credit agreement with PricewaterhouseCoopers (PwC) after the receiver of Victoria Gold missed their initial goal of selling the Eagle Gold Mine site by the new year.
The agreement now lasts until April 1, 2026, but provides no additional funding. The maximum loan remains $220 million, which is backed by the mine’s assets and doesn’t affect the Yukon Government’s debt.
PwC has received interest from potential buyers, but delays in providing them with technical information have pushed the final bid deadline past the original target of Dec. 31. In the meantime, PwC continues to run the Eagle Gold Mine, overseeing water monitoring and other environmental work to prepare the site for sale.
The mine has been under receivership since August 2024, following a heap leach failure that released cyanide-laced ore into the environment.
