GREY:VITFF - Post by User
Comment by
RatPatrolon Jun 26, 2024 12:06pm
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Post# 36107153
RE:Yeah, everything is OK now - NOT !
RE:Yeah, everything is OK now - NOT !Insightful Comment, BSdetector!
Another, maybe closer example is SSR which experienced a big slide involving a heap leach pad in February, I believe. There are 2 major differences between that slide and this one that I can offer.
1) SSR has 4 mines with total production of 700k ozs yearly. Victoria Gold is a small, single mine operation.
2) 9 lives were lost in the Copler avalanche, I believe. Also the incident consisted of material sliding off of the pad into the pit and elsewhere.
Stockwise, the market may be punishing until the costs and liabilities are tallied.
Bralorne Mines had lots of issues way back in the day but it was an U/G operation with a mill.
So workarounds were easier.
JMHO