It was alleged that the gold miner had saved extra water in its heap leach facility than the licence permits, and it additionally did not report the quantity of water being transferred every month.
The case stemmed from an incident that occurred in July 2021, when 17,000 litres of a cyanide answer, which is used to extract gold from ore, spilled from a pipeline on the Eagle mine web site.
This week, Victoria Gold pleaded responsible to the fees associated to its water licence within the Yukon Territorial Court docket.
The tremendous quantity of C$95,000 given to the corporate was lower than the utmost for these costs, because the protection argued that Victoria acted rapidly to cope with the cyanide spill and entered a responsible plea early.
Shares of Victoria Gold have been up by 1.9% as of 4:15 p.m. EDT. The corporate has a market capitalization of C$390 million.