Boroo, a privately held investment holding company based in Singapore, has signed an agreement to acquire Victoria Gold Corp., whose main asset is the Eagle Gold Mine in Canada, for C$140 million ($100 million).

In a statement on Friday, Boroo said the buyer is Boroo’s subsidiary Gatsuurt Mining Inc. The deal is subject to approval from the Ontario Superior Court of Justice. The receiver intends to seek court approval in early December 2026 and aims to close around December 31, 2026.

Boroo also said the deal is also subject to clearance under Canada’s Competition Act and to the Yukon government’s consent as receivership lender.

Victoria Gold was placed into receivership in August 2024, after a landslide at the mine’s heap leach pad released millions of tonnes of ore and at least 280,000 cubic meters of cyanide-containing solution beyond containment in June 2024. The mine is about 375 kilometers north of Whitehorse, in the traditional territory of the First Nation of Na-Cho Nyäk Dun.

The acquisition would include the Eagle Gold Mine, certain Victoria Gold subsidiaries, a set of mineral claims in the Dublin Gulch and Victoria Block West areas, the Olive Crown Grant and certain contracts.

Boroo said it plans to spend about C$800 million between 2027 and 2029 on environmental rehabilitation, water treatment, geotechnical stabilization, and a phased restart.

The company said it expects to commit more than C$1.5 billion in Canada overall. Boroo said these investments could provide stable, skilled jobs for Yukoners, and contracting opportunities for the First Nation.

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