04:07 PM EDT, 08/16/2024 (MT Newswires) -- The Yukon government expects to eventually reopen a gold mine seized from Victoria Gold ( VITFF ) after appointing a receiver for the operation earlier this week, Bloomberg News reported on Friday.

The territorial government appointed the receiver because a partial collapse of its heap-leach pad in June spilling water contaminated with cyanide and it was dissatisfied with the company's mitigation efforts. .

Yukon's Attorney General Tracy-Anne McPhee said the government expects the mine to reopen once an environmental clean-up is complete.

Victoria Gold's ( VITFF ) board resigned following the appointment of the receiver and company's chief executive said he believed the step was unnecessary, according to the report.

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