Victoria Gold Corp
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Coeur takes 17.8% stake in Victoria Gold
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon, from Orion Mine Finance. The acquisition of 11 million Victoria shares at $13.20 per share…
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Victoria’s Eagle mine to produce 180,000 to 200,000 oz. this year
Newly minted producer Victoria Gold (TSX: VGCX) has released guidance for its first full year of commercial production – the Eagle gold mine in central Yukon achieved commercial production on July 1. In 2021, Eagle is expected to generate 180,000…
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Victoria Gold’s new credit facilities expected to lower carrying costs in 2021
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…
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Victoria Gold reports initial results from Lynx target at Dublin Gulch
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…
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Victoria Gold’s John McConnell on launching a mine during a pandemic at the Global Mining Symposium
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…
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MINING PEOPLE: BHP, Canadian Goldcamps, First Cobalt, Teck, Treasury, Zanzibar
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…
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GOLD: Victoria repays US$10M of secured credit facility
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…
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GOLD: Victoria to produce 85,000 to 100,000 oz. of gold in H2 of 2020
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…
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GOLD: Victoria’s Eagle mine achieves commercial production
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…
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GOLD: Victoria continues to ramp up Eagle
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…
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GOLD: Banyan releases maiden resource for AurMac in the Yukon
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…
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GOLD: Victoria raising $5M in flow-through financing
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…
