Victoria Gold - CEO, John McConnell
CEO, John McConnell
Source: Yukon News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Victoria Gold (TSX:VGCX) has implemented strict COVID-19 measures
  • Employees at required to quarantine for 14 days before arriving at Eagle Gold mine in the Yukon
  • Roster has been changed to four weeks on, four weeks off
  • Employees are being screened before exiting the site
  • Victoria Gold (VGCX) has a market cap of $400 million

Victoria Gold (TSX:VGCX) has announced their latest COVID-19 mitigation strategies for their Eagle Gold mine in Yukon.

The company has curtailed all non essential travel, a measure in line with most other resource companies.

The company has also taken the step of moving rosters to a four week on, four week off rotation.

Further to this, all employees who work at the site who have travelled from outside of Yukon are self-isolating in Whitehorse for 14 days prior to traveling to work.

Victoria Gold has announced that all contractors leaving the site are to be screened for COVID-19.

Victoria Gold’s operations in Yukon present challenges to manage, with all First Nations people at much greater risk of mortality from the infection than the larger population.

Last week the Federal Minister of Indigenous Services, Marc Miller, said there were 15 confirmed cases of COVID-19 in indigenous communities.

Most Indigenous communities have already more or less isolated themselves from the wider community, and the Yukon is no different.

However, as operations in the region continue, those companies who are flying employees in from regions with higher infection density than the Yukon are aware of the danger they present.

President and CEO of Victoria Gold, John McConnell, said the company was focusing on health and safety over everything else.

“The health and safety of our employees, contractors and local communities is the most important aspect of our business.

“Along with our unwavering commitment to health and safety, we believe it is also important to contribute to the financial wellbeing of our employees, local communities and Yukon through the ongoing operation of Eagle,” he said.

Victoria Gold (VGCX) is trading at C$7.00 per share before market open.

More From The Market Herald
The Market Herald Video

" Midnight Sun (TSXV:MMA) shares plans for Solwezi Licences

Midnight Sun Mining Corp. (MMA) has announced that Zambian-Congo Copperbelt expert, Dr. Simon Dorling, has agreed to work with the company.
PeterBures

" C2C Gold (CSE:CTOC) appoints new CEO

C2C Gold (CTOC) has appointed Peter Bures as Chief Executive Officer, effective July 1, 2022.
Mayfair Gold - CEO, Patrick Evans.

" Mayfair Gold (TSXV:MFG) closes flow-through financing

Mayfair Gold (MFG) has closed its previously announced non-brokered private placement for gross proceeds of $7,009,000.

" Ivanhoe Electric (TSX:IE) closes initial public offering

Ivanhoe Electric (IE) has closed its initial public offering of 14,388,000 shares for US$11.75 per share.