Victoria Gold
Victoria Gold Corp. was a Canadian gold producer that operated the Eagle Gold Mine in Yukon, Canada, producing 150,000+ ounces annually before entering receivership in August 2024 following a catastrophic heap leach pad failure in June 2024.
- Company typePublic
- Founded2003
- HeadquartersVancouver, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Victoria Gold does
Victoria Gold Corp. was a Canadian gold mining company (legal entity Victoria Gold Corp., TSX:VIT) that operated the Eagle Gold Mine located in Dublin Gulch, Yukon, Canada. The mine produced over 150,000 ounces of gold annually from the Eagle, Olive-Shamrock, and Vivas deposits, with stated operations projected to extend into the 2030s. The company deployed several sustainable-mining technologies, including IoT-based environmental monitoring, automated ore sorting combined with digital twin modeling, closed-loop water recycling systems achieving 90%+ recycling rates and a 30% reduction in water usage, and a hybrid renewable energy mix meeting 85% of energy needs. Revenue mechanics were commodity-based: gold doré sales to refiners and traders at prevailing market prices, with no disclosed offtake or streaming arrangements (other than a post-incident NSR royalty acquired by Franco-Nevada in March 2026).
In June 2024, a heap leach pad failure released approximately 4 million tonnes of material and 280,000-300,000 cubic metres of cyanide-containing solution, contaminating groundwater at levels approximately 10,000 times above aquatic-life guidelines and causing a fish kill of 68 Arctic grayling and sculpin. The Ontario Superior Court of Justice appointed PricewaterhouseCoopers Inc. as receiver on August 14, 2024, and the company ceased operating as a going concern; its shares were effectively suspended, with an 85% post-incident price collapse. Current activity is limited to court-supervised environmental remediation (up to C$220 million in cleanup authorised by the Yukon government) and asset disposition. As of April 28, 2026, Boroo entered a 90-day exclusivity agreement with PwC to potentially acquire the Eagle Mine site, representing the leading path to any operational restart.
Victoria Gold firmographics
Firmographics- Name
- Victoria Gold
- Legal name
- Victoria Gold Corp.
- Website
- https://vitgoldcorp.com
- Company type
- Public
- Founded year
- 2003
- Operating status
- Closed
- Headcount range
- 251–500 employees
- Short description
- Victoria Gold Corp. was a Canadian gold producer that operated the Eagle Gold Mine in Yukon, Canada, producing 150,000+ ounces annually before entering receivership in August 2024 following a catastrophic heap leach pad failure in June 2024.
- Ownership category
- akta.pro rank
Victoria Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Mine Closure, Reclamation & Environmental Services (Precious Metals Sites) (IMAKAEAL), Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF)
Keywords
Where Victoria Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Victoria Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain
Victoria Gold product offering
Product offeringCore offering
Victoria Gold Corp. operated the Eagle Gold Mine in Dublin Gulch, Yukon, Canada, producing gold from the Eagle, Olive-Shamrock, and Vivas deposits with annual production exceeding 150,000 ounces. The company emphasized sustainable mining practices including IoT environmental monitoring, automated ore sorting with digital twins, and closed-loop water recycling systems. Following a heap leach pad failure in June 2024, the company entered receivership and is no longer operating as a going concern.
Product overview
Victoria Gold Corp. is a gold mining company that operated the Eagle Gold Mine located in Dublin Gulch, Yukon, Canada. The company produced gold from the Eagle, Olive-Shamrock, and Vivas deposits, with annual production exceeding 150,000 ounces of gold. Following a heap leach pad collapse in June 2024, the company entered receivership with PricewaterhouseCoopers Inc. appointed as court-ordered receiver in August 2024. The company is currently not operational as a going concern, with efforts focused on mine remediation and potential sale of assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Eagle Gold Mine
Quantifiable outcome
- Over 150,000 ounces of gold produced annually
- +3 more outcomes
Companies that use Victoria Gold
Customer profileIdeal customer profiles1 record
Victoria Gold technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Victoria Gold partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- PricewaterhouseCoopers (PwC)coreCourt-appointed receiver of Victoria Gold since August 14, 2024, managing all assets including the Eagle Gold Mine. PwC authorized by Yukon government to spend C$220 million on cleanup and is conducting the sale process.
- BQE Water Inc.coreBQE Water was contracted to operate water treatment at Eagle Gold Mine during 2026 spring freshet, continuing services from 2025. The company manages contaminated water volumes using treatment systems installed in 2024.
- Na-Cho Nyäk Dun Development CorporationcoreIndigenous partnership in water treatment operations at Eagle Gold Mine, working in collaboration with BQE Water and First Nation-owned Big River Operations.
- Big River OperationscoreFirst Nation-owned business partner in water treatment operations at Eagle Gold Mine during the receivership period.
- BoroominorPrivate investment holding company that entered a 90-day exclusivity agreement with PwC to potentially acquire the Eagle Mine site. Previously turned around Barrick's Lagunas Norte mine in Peru. Conducting due diligence and negotiating sale terms.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Victoria Gold competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Victoria Gold social profiles
Digital presenceVictoria Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Victoria Gold leadership team
Management profileNumber of profiles
Profiles1 record
Victoria Gold funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Victoria Gold M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Victoria Gold
What does Victoria Gold do?
Victoria Gold Corp. operated the Eagle Gold Mine in Dublin Gulch, Yukon, Canada, producing gold from the Eagle, Olive-Shamrock, and Vivas deposits with annual production exceeding 150,000 ounces. The company emphasized sustainable mining practices including IoT environmental monitoring, automated ore sorting with digital twins, and closed-loop water recycling systems. Following a heap leach pad failure in June 2024, the company entered receivership and is no longer operating as a going concern.
Is Victoria Gold a public or private company?
Victoria Gold is a public company. It is classified as public and is currently closed.
When was Victoria Gold founded?
Victoria Gold was founded in 2003. It employs 251 to 500 people.
Where is Victoria Gold based?
Victoria Gold is headquartered in Vancouver, Canada, in the North America region.
Does Victoria Gold have an API?
No public API is recorded for Victoria Gold.
What industry is Victoria Gold in?
Victoria Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAL, Mine Closure, Reclamation & Environmental Services (Precious Metals Sites). Its NAICS code is 21222 and its SIC code is 1040.