RE:The fate of Eagle hangs on the environment & economyHusky, one of the officials in yesterdays briefing elluded to previous mine remediation costs the Yukon government are responsible for, so they are certainly weighing that into their decision.
They never stated the mine site they were refering to but it was likely the Minto mine considering clean up started this year and it is anticipated they will be at leat $20 million short on remediation costs compared to the bond on file.
https://www.cbc.ca/news/canada/north/minto-mine-pwc-no-buyer-liquidate-assets-1.7162935 Will the $104 million dollar bond on file be sufficient to properly remediate the slide and ensure the remaining HLF does not come down, or is it possible that the Yukon government hasnt stepped in fully yet, as they first want VG to use up their cash on hand first, prior to tapping into the bond.
Does VG know this as well, and are trying their best to squeeze the last remaining gold out of the solution to keep the doors from closing?
Huge game of chess being played here, me thinks.............. and based on the wide eyes looking at each other for help at the briefing yesterday, the officials are likely not telling reporters the entire story.
Time will tell.....................