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Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The... see more

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Victoria Gold Corp > Force Majeure?

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Post by PublicEye on Jul 02, 2024 12:21pm

Force Majeure?

What about the possibility of declaring force majeure. It is considered a natural disaster that the company experienced and it would give them some breathing room, particularly in regards to the debt payments coming up.I do not own vgcx but I feel for the shareholders.

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Comment by steve55 on Jul 02, 2024 12:24pm

a statement by JM would more than human.

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Comment by mdjbrown on Jul 02, 2024 12:53pm

PublicEye, I am not so sure this was a natural occuring disaster, as the containment wall breached for some yet to be confirmed reason. Was it an engineering design failure, was too much material layered in the HLP causing undue forces on the containment berm as someone mentioned earlier, was it a human error incident? So much to figure out before making any concrete conclusions. Hopefully all ...more

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