VG.TO
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  • Associated Press2 years ago

    Firm pays fine for not reporting mine pollution

    The Canadian-based owner of a gold mine in northern Nevada has agreed to pay a $182,000 civil penalty for failing to correctly report to federal environmental regulators the release of millions of pounds ...

  • Bloomberg2 years ago

    Veris Gold Plunges Most Since 2008 After Deutsche Default Notice

    Veris Gold Corp. (VG) , a miner with operations in Nevada, dropped the most in more than five years after the company said it received a notice of default from Deutsche Bank AG for missed payments on forward gold-sales agreements. Veris plunged 55 percent to 13 Canadian cents at the close in Toronto, the biggest decline since August 2008, according to data compiled by Bloomberg. As a result, Veris failed to make the scheduled December gold delivery, or pay the cash equivalent of the shortfall, under agreements it signed with Deutsche Bank in 2011 and 2012. Deutsche Bank told Veris it’s considering what actions it may take, the miner said.