{"id":1193325,"date":"2020-07-01T11:13:50","date_gmt":"2020-07-01T16:13:50","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028509"},"modified":"2020-07-01T11:13:50","modified_gmt":"2020-07-01T16:13:50","slug":"victoria-golds-eagle-mine-reaches-commercial-production","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1193325","title":{"rendered":"Victoria Gold\u2019s Eagle mine reaches commercial production"},"content":{"rendered":"

Toronto-based Victoria Gold (TSXV: GCX) has joined the list of Canadian gold producers by declaring commercial production<\/a> at its Eagle gold mine in the Yukon on Wednesday.<\/p>\n

The Eagle gold mine is part of Victoria Gold\u2019s Dublin Gulch property, located approximately 375 km north of Whitehorse. The Eagle and Olive deposits combined have estimated proven and probable reserves of 123 million tonnes grading 0.67 g\/t gold for 2.7 million oz.<\/p>\n

The Eagle mine alone is expected to produce 210,000 oz gold annually at an all-in sustaining cost of $750\/oz, making it the largest gold mine<\/a> in Yukon history.<\/p>\n

All facilities required at this stage of the mine life are now complete, the company says, with mining, crushing, processing and maintenance operations all performing at a high level.<\/p>\n

The company\u2019s first reporting period under commercial production will be the third quarter ended September 30, 2020. The mine poured its first gold<\/a> last September.<\/p>\n

\u201cSite activities continue to progress well and all facilities and operations are now at or approaching design capacity,\u201d\u00a0president and CEO John McConnell stated in a press release.<\/p>\n

\u201cThis consistent production combined with materially positive operating cash flow has allowed Victoria management to declare commercial production as of July 1, 2020.\u201d<\/p>\n

Shares of Victoria Gold traded 6.9% higher at Tuesday’s close, after reaching a nine-year high earlier in the session. The company has a market capitalization of approximately C$871 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mine is expected to produce 210,000 oz gold annually, the largest in Yukon history.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193325"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1193325"}],"version-history":[{"count":6,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193325\/revisions"}],"predecessor-version":[{"id":1193405,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193325\/revisions\/1193405"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1193325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1193325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1193325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}