Victoria Gold downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Andrew Mikitchook downgraded Victoria Gold to Market Perform from Outperform without a price target after the company announced a heap leach failure “incident” at its Eagle Gold mine in the Yukon. At this time there is little by which to gauge the prospects or timelines for the mine, the analyst tells investors in a research note. The firm expects the shares to “hold some floor value until guidance is made available to the market.”