05:13 PM EDT, 06/24/2024 (MT Newswires) -- Victoria Gold Corp. ( VITFF ) on Monday said it temporarily suspended operations at its Eagle Gold Mine in the Yukon after a failure of the mine's heap leach pad.

The company said there were no injuries from the failure, but it noted some damage to infrastructure and that part of the pad escaped containment. The company is still assessing the damage.

Earlier on Tuesday the company said it agreed to sell its Clear Creek Property to Sitka Gold ( SITKF ) .

A statement noted the Clear Creek Property claims adjoin Sitka's road accessible RC Gold Project, located approximately 100 kilometers east of Dawson City, Yukon and cover the southern portion of the Clear Creek Intrusive Complex.

"We have been impressed with the exploration success that Sitka has demonstrated at its RC Gold Project," said John McConnell, President and CEO of Victoria. "Combining the RC Gold Project and Victoria's Clear Creek Property consolidates this new Yukon gold camp. Sitka has a strong exploration team with decades of experience in Yukon. We expect Sitka will have further success exploring the combined project and Victoria will benefit as a significant Sitka shareholder."

Victoria Gold ( VITFF ) shares closed up $0.13 to $7.43 on the Toronto Stock Exchange.