Victoria Gold (TSX: VGCX) says an agreement with a syndicate of banks for a secured US$200-million debt facility will cut carrying costs by about 50% in 2021. The credit facility consists of a US$100-million term loan and a US$100-million revolving…
Producer Victoria Gold has released its first exploration results from the Lynx target, which lies along the Potato Hills trend within its flagship Dublin Gulch gold property, also host to the Eagle gold mine. The company says the results suggest…
Victoria Gold (TSXV: VGCX) commenced production at its Eagle heap-leach mine in the Yukon on July 1 – perhaps the only new gold mine in the world to launch in the midst of a global health crisis. “It’s going reasonably…
Management appointments announced this week include: BHP has announced changes to its executive leadership team: these include the appointment of Ragnar Udd to the president of Minerals Americas role, effective Nov. 1. Udd is currently BHP’s acting chief technology officer. Grant…
YUKON – Victoria Gold made a US$10-million early unscheduled repayment of interest and principal towards its US$100-million senior secured credit facility. The facility was fully drawn as of the end of March and the company made its first, US$7.1-million principal…
YUKON – After declaring commercial production at the Eagle mine earlier this month, Victoria Gold has provided production guidance for the second half of this year – it expects to generate 85,000 oz. to 100,000 oz. of gold in the…
YUKON – Victoria Gold’s Eagle gold mine reached the commercial production milestone on Canada Day. As of July 1, all of the facilities required for this stage of the mine life are now complete and, according to Victoria, the mining…
YUKON – Victoria Gold’s Eagle gold mine has produced 25,068 oz. of gold from the start of this year until the end of May, and is expected to achieve commercial production at the end of the second quarter or early…
YUKON – Banyan Gold has released a maiden resource estimate for the 92.3-sq.-km AurMac property (previously Aurex-McQuesten) within the Mayo mining district. The pit-constrained inferred resource is made up of the Airstrip and Powerline deposits and totals 52.6 million tonnes…
TORONTO – As it ramps up the Eagle gold mine in the Yukon, Victoria Gold has announced a $5 million flow-through financing, intending to issue 572,659 flow-through shares at $8.73 each. It has the option, exerciseable until closing, of issuing…
YUKON – Banyan Gold has released diamond drill results from the Airstrip target at its 92-sq.-km Aurex-McQuesten project which increase the zone’s strike length to over 1 km. Drill highlights include: 76.9 metres of 0.61 g/t gold starting at 3…
YUKON – Victoria Gold has released the results of trenching completed at its Eagle gold project in the Yukon; highlights from the Raven target include 7.91 g/t gold over 12 metres and 1.12 g/t gold over 60 metres. The surface footprint…