British Columbia · Bankruptcy
Eleventh Report of the Receiver
Court officer report · 31 August 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Held in the Receiver's trust account; the Statement of Receipts and Disbursements shows cash in bank of $201,474.10. · as at: 2022-08-14 · amount: 201000 · currency: CAD · qualifier: approximately
- disbursementsnote: Excess of receipts over disbursements is $201,474.10. · since: Filing Date (September 13, 2019), to August 14, 2022 · amount: 18858670.2 · currency: CAD
- operational summaryThe Mine is under care and maintenance by the Receiver, which has also had to arrange repairs to the Tailings Storage Facility after sloughing was found in June 2022. Yukon Government is expected to appoint a new care and maintenance contractor from November 1, 2022, greatly reducing the Receiver's activities.
- professional feesnote: Receiver's fees (excluding disbursements) of $1.9 million; legal fees and disbursements are separately $1,603,465. Projected Aug 15, 2022 to Mar 31, 2023: $36 thousand for the Mine and $62 thousand for receivership administration. · party: Receiver (PricewaterhouseCoopers Inc.) · amount: 1914875 · period: September 13, 2019 to August 14, 2022 · currency: CAD
- receipts cumulativenote: Includes Receiver borrowings (advances from Government of Yukon) of $18.3 million, GST refunds of $634.1 thousand, interest of $78.9 thousand and cash on hand of $20.2 thousand. · since: Filing Date (September 13, 2019), to August 14, 2022 · amount: 19060144.3 · currency: CAD
- report date31 August 2022
- report noEleventh Report