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The Eagle mine’s leaching pad is at left centre in this photo shot from a plane on Saturday. Credit: Blair McBride
The site operations teams and management are working on assessing the situation and gathering information, the company said in a release Monday. Eagle, the territory’s only producing gold mine, is located about 375 km north of Whitehorse. Shares in Victoria Gold plunged 85% to C$1.05 apiece in Toronto on Tuesday, valuing the company at C$73.1 million. They’ve traded as high as C$9.45 over the past 52 weeks.“Judging by the satellite image, the landslide is large – about 1,430 metres from crown to toe and a maximum of about 370 metres wide,” blogger Dave Petley says in a posting that compares before and after satellite photos.
The primary leaching pad can accommodate as much as 90 million tonnes of ore, according to a Victoria Gold technical report. The pad is located about 1.2 km north of the main Eagle zone orebody.The First Nation of Na-Cho Nyäk Dun said in a statement posted on Facebook that it’s deeply concerned about the heap leach failure and landslide at Eagle and the “potentially significant and far-reaching environmental impacts” to water, fish and wildlife in the area.
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