Siskinds LLP and Slater Vecchio LLP Co-prosecute Shareholder Rights Class Action Against Victoria Gold Corp

Siskinds LLP and Slater Vecchio LLP filed a proposed securities class action lawsuit against Victoria Gold Corp. (“Victoria Gold”) on August 13, 2024.

On June 24, 2024, Victoria Gold announced a significant failure at the Heap Leach Facility at its flagship Eagle Gold Mine in Yukon, Canada. The failure of June 24, 2024 allegedly caused severe environmental damage and halted all mining activities at Eagle Gold Mine indefinitely. Markets reacted quickly, leading to tremendous losses in share value.

The lawsuit alleges that, contrary to the Securities Act and other legal duties, Victoria Gold made misleading statements regarding the safety and environmental practices at Eagle Gold Mine, particularly concerning the stability and operation of the Heap Leach Facility. These misrepresentations significantly impacted the company’s stock price, leading to substantial losses for investors.

Michael Robb, a partner at Siskinds, commented that “the obligations on companies in the Securities Act are not to be taken lightly. Investors that suffer losses due to misrepresentations deserve access to justice.”

Saro Turner, a partner at Slater Vecchio, added that “any company that misleads investors, through misrepresentations or omissions, deserves to be held to account. We are committed to prosecuting this claim on behalf of shareholders through to its conclusion.”

If you currently own or sold shares of Victoria Gold Corp. following the company’s June 24, 2024 press release, Siskinds LLP and Slater Vecchio LLP would like to hear from you. Submit your information on their website here: slatervecchio.com/class-action/victoria-gold-corp-class-action.