Who gets a renewed VGC mine?Based on PWC/Minto Mine/Selkirk ongoing discussions there that appears to be a leaning towards FN ownership with a "private offer". Is YTG/Receiver leaning twards this with the current VG mine and FN?
As a side note both these mines have a significant taxpayers outlay involved so all "offers" should be public?
Summary of the First Report of the Receiver
"Developed and implemented a plan to enable the site staff to return to the initial site camp,
and removed unsafe temporary accommodations from the site;"
First the original camp was unsafe now the temp camp is unsafe. Some explaination is required as perhaps now the remaining HLP is stable and now the camp is going to be kept?.
"Undertook an inventory of the Victoria Gold assets, including the critical equipment
required on site"
Stationary or Mobile? Critcal issue if mine is to be productive again.
"Initiated the construction of a safety berm that will limit the risks associated with
further heap leach pad failures and thereby ensure the continued safety of
personnel on site and allow for the Emergency Works to be conducted downstream
from the safety berm. The work on the safety berm is progressing and is considered
a priority"
A % complete would have provided a better picture of progess on the berm.
https://www.pwc.com/ca/en/car/victoria-gold/assets/victoria-gold-031_021024.pdf Is this being setup for a MInto/FN deal? If so what involvement will current shareholders (investors) have and to what extent will some or all compensation be awarded? YTG and PWC is not in the habit of running mines, so I wonder what discussions have already taken place as to a new ownership, as it seems based on previous comments of reopening the mine, this could have been discussed at least at a high level?
https://www.cbc.ca/news/canada/north/yukon-first-nation-minto-mine-1.7315901