Cyanide spill detected near Victoria Gold’s Eagle mine in Canada’s Yukon Territory
The comments come hours after Toronto-based Victoria Gold said it hasn’t detected elevated cyanide levels downstream of its property.
US gold miner Allied Nevada Gold Corp has filed for bankruptcy protection.
Allied Nevada owns the Hycroft open pit gold and silver mine in Nevada, but falling precious metals prices and a debt load of $543 million forced it into restructuring.
Reuters reports although the Hycroft mine is expected to continue operating during the restructuring, RBC Capital Markets analyst Sam Crittenden said he did not "expect much, if any, residual value for shareholders after the process given the large debt load and limited free cashflow at spot metal prices."
Comments
Rich Carnegie
These people should be shot. AS we are now into the 3rd year of this fraudulent bankruptcy we can see quite clearly what was orchestrated. Our appeal is currently with the Third Circuit Court. Lets hope one of those Judges does their job properly and reads the briefs filed. The entire ANV mgmt team deserves jail time for this fraud.