Victoria Gold Corp.
Follow- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act and section 243(2)(b)(ii) of the Bankruptcy and Insolvency Act
- File
- CV-24-00725681-00CL
- Industry
- Mining · Gold, diamonds & precious metals
Victoria Gold Corp. has been under the receivership and management of PricewaterhouseCoopers Inc. since August 14, 2024, when the Ontario Superior Court of Justice (Commercial List) appointed the firm over the company's property, including the Eagle Gold Mine, on the application of the Government of Yukon. The appointment was made under section 101 of the Courts of Justice Act and section 243(2)(b)(ii) of the Bankruptcy and Insolvency Act, in Court File No. CV-24-00725681-00CL. The Receiver puts Victoria Gold's assets at a book value of CAD 824.75 million as at June 30, 2024, led by property, plant and equipment of 442.60 million and inventory of 224.70 million. Secured claims as at the receivership date include USD 137.5 million owing to a syndicate administered by Bank of Montreal, with Canadian Imperial Bank of Commerce, Desjardins and National Bank of Canada, and USD 35.5 million to Caterpillar Financial Service Ltd. Unsecured creditors, excluding employees, total CAD 82,742,667.53 across roughly 300 trade and other claims.
A claims procedure has been established — see the order for deadlines.
The court granted an approval and vesting order for the sale to Sitka Gold Corp. Closing terms, as extracted: Vesting of the Clear Creek Property in the Purchaser is effective upon delivery by the Receiver to the Purchaser of the Receiver's Certificate; the Receiver must file a copy of the certificate with the Court forthwith after delivery.
The court granted an approval and vesting order for the sale to Franco-Nevada Corporation and Franco-Nevada U.S. Corporation. Closing terms, as extracted: Vesting of the Royalty Assets in the applicable Purchaser occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of Article IV closing conditions, and completion of the Transaction.
The court granted an approval and vesting order for the sale to Banyan Gold Corp. Closing terms, as extracted: Vesting occurs upon delivery by the Receiver to the Purchaser of a Receiver's Certificate confirming payment of the Closing Cash, satisfaction or waiver of the article 5 conditions to Closing, and completion of the Transaction to the Receiver's satisfaction.
The court approved a sale and investment solicitation process. A bid deadline of 2025-10-15.
Source: Sale Process (Schedule “A” to the Sale Process Approval Order)
The court approved a sale and investment solicitation process. A bid deadline of 2025-08-06.
Source: Sale Process Approval Order
Motion Record of the Receiver (re Approval of Sale Process) — Application / notice of application
Endorsement of J Conway (re Second Amended and Restated Receivership Order) — Endorsement / reasons
Motion Record (re Amended and Restated Receivership Order and Approval and Vesting Order) — Application / notice of application
The court appointed PricewaterhouseCoopers Inc. as receiver and manager, on the application of Government of Yukon. Court file CV-24-00725681-00CL.
On the Government of Yukon's application, the court appointed PricewaterhouseCoopers Inc. receiver and manager of Victoria Gold's property under the Courts of Justice Act and the BIA.
Source: Receivership Order
Notice of Appearance of Trisura Guarantee Insurance Company and Intact Insurance — Notice of hearing
Undated filings2 — no date appears on the document · show
Case update
Victoria Gold: the receiver's unserved claim against JDS
PwC, as receiver, sued JDS Energy & Mining, which provided EPCM services at the Eagle Gold Mine, in B.C. on June 19 and has not served the claim. JDS wants it stayed for arbitration; on October 5 the receiver is to ask Justice Conway to put that application off until service, citing Boroo's exclusivity, now running to October 20.
Debtor
Victoria Gold Corp.
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 17 orders, Aug 2024 – Aug 2026 | 309 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 168 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Syndicated Loans (Bank of Montreal as administrative agent; Canadian Imperial Bank of Commerce; Desjardins; National Bank of Canada)as of Receivership Date (August 14, 2024) — Stated in USD millions (137.5) per the Receiver's review of books and records and PPSA registrations in Ontario and British Columbia. — debtor: Victoria Gold Corp. | $138M USD | Notice and Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans4 transactions · 2 approved · 2 proposed — Court approved the transaction with Sitka Gold Corp. for the Clear Creek Property and authorized vesting upon delivery of the Receiver's Certificate.Approval and Vesting Order (Clear Creek Property) · 18 Aug 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Banyan Gold Corp.all right, title and interest in and to the Aurex Property and the McQuesten Property (the 'Purchased Assets') · asset sale · agreement 23 Jul 2025 | Subscribers | Approved21 Aug 2025 | Approval and Vesting Order (re AurMac) |
| Franco-Nevada Corporation and Franco-Nevada U.S. Corporationthe Respondent's right, title and interest in and to the Royalty Assets (six NSR royalty and milestone payment assets listed on Schedule 'B') · asset sale · agreement 24 Feb 2026 | Subscribers | Proposed9 Mar 2026 | Final Approval and Vesting Order (Royalty… |
| Boroo Pte Ltdproposed acquisition of the Eagle Mine Assets · asset sale | not stated | Proposed | Ninth Report of the Receiver |
| Sitka Gold Corp.the Respondent's right, title and interest in and to the Clear Creek Property (quartz claims listed on Schedule 'B') · assets and shares · agreement 27 Jul 2026 | Subscribers | Approved18 Aug 2026 | Approval and Vesting Order (Clear Creek… |
Secured creditors: not yet estimated.Third Report of the Receiver · 24 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Receivership Lender, the Lending Syndicate and all other creditors | — | not yet estimated | per the receiver | Third Report of the Receiver · 24 Mar 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Compendium of the Receiver (re JDS Energy)
| PDF · Subscribers | |
Factum of JDS Energy & Mining Inc.
| PDF · Subscribers | |
Site Update September 2026
| PDF · Subscribers | |
Factum of the Receiver
| PDF · Subscribers | |
| Site Update August 2026 | PDF · Subscribers | |
Approval and Vesting Order (Clear Creek Property)
| PDF · Subscribers | |
Endorsement of J Conway
| PDF · Subscribers | |
| Motion Record of the Receiver (re JDS) | PDF · Subscribers | |
| Motion Record of the Receiver (re Sitka) | PDF · Subscribers | |
Tenth Report of the Receiver
| PDF · Subscribers | |
| Site Update July 2026 | PDF · Subscribers | |
Endorsement of J. Conway
| PDF · Subscribers | |
Aide Memoire Brief of Chris Eklund
| PDF · Subscribers | |
| Aide Memoire of the Receiver | PDF · Subscribers | |
Aide Memoire of the VS Family Trust
| PDF · Subscribers | |
| Site Update June 2026 | PDF · Subscribers | |
| Site Update May 2026 | PDF · Subscribers | |
Endorsement of J. Conway (re: Motion adjourned to September 8, 2026)
| PDF · Subscribers | |
Compendium of the VS Family Trust
| PDF · Subscribers | |
Ninth Report of the Receiver
| PDF · Subscribers | |
| Notice of Appearance of the VS Family Trust | PDF · Subscribers | |
| Reply Factum of Eklund | PDF · Subscribers | |
| Factum of the Individual Defendants in the Proposed Ontario Class Action | PDF · Subscribers | |
| Responding Factum of the VS Family Trust | PDF · Subscribers | |
| Responding Motion Record of the VS Family Trust | PDF · Subscribers | |
| Victoria Gold - Motion Record of the VS Family Trust | PDF · Subscribers | |
| Site Update April 2026 | PDF · Subscribers | |
| Factum of Chris Eklund | PDF · Subscribers | |
| Responding Motion Record of Former Directors and Officers | PDF · Subscribers | |
| Site Update March 2026 | PDF · Subscribers | |
Final Approval and Vesting Order (Royalty Assets)
| PDF · Subscribers | |
Final Order (Fee Approval)
| PDF · Subscribers | |
| Motion Record of Chris Eklund | PDF · Subscribers | |
| Eighth Report of the Receiver | PDF · Subscribers | |
| Motion Record of the Receiver (Volume 1 of 2) | PDF · Subscribers | |
| Motion Record of the Receiver (Volume 2 of 2) | PDF · Subscribers | |
| Site Update February 2026 | PDF · Subscribers | |
| Site Update January 2026 | PDF · Subscribers | |
| Notice of Change of Lawyer - Vox Royalty Cayman SEZC | PDF · Subscribers | |
| Site and Remediation Update - December 2025 | PDF · Subscribers | |
| Notice of Appearance - Vox Royalty Cayman SEZC - 18-DEC-2025 | PDF · Subscribers | |
Seventh Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Site and Remediation Update - November 2025 | PDF · Subscribers | |
| Eagle Mine - 1 Year Lookback | PDF · Subscribers | |
Endorsement of J Osborne (re AurMac AVO)
| PDF · Subscribers | |
| Site and Remediation Update - August 2025 | PDF · Subscribers | |
Approval and Vesting Order (re AurMac)
| PDF · Subscribers | |
Reply Factum of the Receiver
| PDF · Subscribers | |
| Supplementary Motion Record of the Receiver | PDF · Subscribers | |
Factum of the Receiver (re AurMac RVO)
| PDF · Subscribers | |
| Notice of Appearance of Austech Industries Ltd. | PDF · Subscribers | |
| Reply Factum of Austech | PDF · Subscribers | |
| Motion Record (re AurMac AVO) | PDF · Subscribers | |
| Sixth Report of the Receiver | PDF · Subscribers | |
| Site and Remediation Update - July 2025 | PDF · Subscribers | |
| Eagle Gold Mine IRB Appendices | PDF · Subscribers | |
| Eagle Gold Mine IRB Report | PDF · Subscribers | |
| IRB Terms of Reference | PDF · Subscribers | |
Fees Approval Order
| PDF · Subscribers | |
Sale Process (Schedule “A” to the Sale Process Approval Order)
| PDF · Subscribers | |
Sale Process Approval Order
| PDF · Subscribers | |
Fifth Report of the Receiver
| PDF · Subscribers | |
| Motion Record of the Receiver (re Approval of Sale Process) | PDF · Subscribers | |
Summary of the Fifth Report of the Receiver
| PDF · Subscribers | |
| Site Update - ADR Restart | PDF · Subscribers | |
| Site and Remediation Update | PDF · Subscribers | |
Appearance Order of Yukon Legislative Assembly
| PDF · Subscribers | |
| Fourth Report of the Receiver | PDF · Subscribers | |
| Motion Record of the Receiver | PDF · Subscribers | |
| Property proof of claim form | PDF · Subscribers | |
Endorsement of J Conway (re Second Amended and Restated Receivership Order)
| PDF · Subscribers | |
Second Amended and Restated Receivership Order
| PDF · Subscribers | |
| Summary of the Third Report | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Site and Remediation Efforts Update dated January 7, 2025 | PDF · Subscribers | |
Amended and Restated Receivership Order
| PDF · Subscribers | |
Approval and Vesting Order (Specified Assets)
| PDF · Subscribers | |
Endorsement of Justice Conway
| PDF · Subscribers | |
| Proposed ARIO | PDF · Subscribers | |
[Blackline] ARIO - updated
| PDF · Subscribers | |
Aide Memoire of the First Nation of Na-Cho Nyak Dun
| PDF · Subscribers | |
Factum of the Syndicate of Secured Lenders
| PDF · Subscribers | |
Lawyer's Certificate of Service of the Syndicate of Secured Lenders
| PDF · Subscribers | |
| Motion Record of the Syndicate of Secured Lenders | PDF · Subscribers | |
Notice of Appearance of Orica
| PDF · Subscribers | |
| Notice of Appearance Stika Gold Corp. | PDF · Subscribers | |
Service List - updated
| PDF · Subscribers | |
| Site and Remediation Efforts Update dated November 29, 2024 | PDF · Subscribers | |
| Motion Record (re Amended and Restated Receivership Order and Approval and Vesting Order) | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| Summary of the Second Report of the Receiver | PDF · Subscribers | |
Notice of Abandonment of Wiseworth Canada
| PDF · Subscribers | |
| Site and Remediation Efforts Update | PDF · Subscribers | |
| Notice of Appearance of Chris J. Eklund | PDF · Subscribers | |
| First Report of the Receiver (Oct 1, 2024) | PDF · Subscribers | |
| Summary of the First Report of the Receiver (Oct 1, 2024) | PDF · Subscribers | |
| FAQ - Employees | PDF · Subscribers | |
| FAQ - General | PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
| Email Service List | Trustee site | |
Endorsement of J Conway with reasons for Receivership Order
| PDF · Subscribers | |
Endorsement of J Conway (re Receivership Order)
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
| Notice of the Application | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of Bill Slater | PDF · Subscribers | |
| Affidavit of Ellie Marcotte | PDF · Subscribers | |
| Application Record of the Applicant | PDF · Subscribers | |
| Petition of First Nation of Na-Cho Nyak Dun | PDF · Subscribers | |
| Motion Record | PDF · Subscribers | |
| Notice of Appearance of Trisura Guarantee Insurance Company and Intact Insurance | PDF · Subscribers | |
| WEPP Brochure | PDF · Subscribers | |
| WEPP Q&A | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Victoria Gold Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/victoria-gold-corp