Canada’s newest gold mine is now in production
Victoria Gold’s Eagle Gold Mine, Canada’s newest gold mine, is now in production. They officially poured the first gold bar in September 2019.
When in full operation, the Eagle Mine will produce approximately two hundred thousand ounces of gold annually and employ over 350 workers. The Reserve is 2.7 million ounces of gold and the mine life is +10 years.
More on the Eagle Gold Mine
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. Moreover, the Property is accessible by road year-round, and is located within Yukon Energy’s electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company’s Eagle and Olive Gold Deposits. The recently completed Eagle Gold Mine is Yukon’s newest and largest ever gold mine.
President and CEO, John McConnell recently stated in a press release, “Transitioning into Canada’s newest gold producer will be accompanied by a number of changes; including Victoria’s capital structure and financial reporting. We also intend to apply to up-list to the Toronto Stock Exchange (“TSX”) later this year.”,
For more information on Victoria Gold Corp. (VGCX:TSX) please fill out the form below.