Court approves $55M increase for Victoria Gold receivership – CBC

Dec 13, 2024

Judge Barbara Conway signed off on an ‘amended and restarted’ receivership order Dec. 9

An Ontario judge has approved a $55-million increase to the Victoria Gold receivership budget, the first additional cash injection since firm PriceWaterhouseCoopers (PwC) took over the company’s affairs following the heap leach failure at its Yukon mine.

Ontario Superior Court of Justice Judge Barbara Conway signed off on an “amended and restarted” receivership order on Dec. 9 that, among other things, increases the receiver’s borrowing charge to $105 million.

Conway was the same judge who, following an application from the Yukon government, approved the receivership in August.