A Yukon Supreme Court judge has paused part of a security payment contested by the territory’s largest mine, ruling the company’s bottom line would be adversely impacted. That amount is roughly $74 million more than what Victoria Gold had already put forward, an estimated $31 million. It’s also higher than a Yukon government security calculation of roughly $69 million. Justice Karen Wenckebach states Victoria Gold would “suffer irreparable harm” if it was ordered to post extra security because it wouldn’t be able to recoup added costs. Victoria Gold seeks to appeal the board’s security order.

Source: CBC News October 07, 2022 21:22 UTC