{"id":1193804,"date":"2020-07-03T18:00:11","date_gmt":"2020-07-03T23:00:11","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028738"},"modified":"2020-07-03T18:00:11","modified_gmt":"2020-07-03T23:00:11","slug":"victorias-eagle-achieves-commercial-production","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1193804","title":{"rendered":"Victoria\u2019s Eagle achieves commercial production"},"content":{"rendered":"<p>Victoria Gold\u2019s\u00a0Eagle 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 and processing operations are performing well.<\/p>\n<p>\u201cSite activities continue to progress well and all facilities and operations are now at or approaching design capacity,\u201d John McConnell, the company\u2019s president and CEO, said in a release. <\/p>\n<p>\u201cThis consistent production combined with materially positive operating cash flow has allowed Victoria management to declare commercial production as of July 1.\u201d<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Victoria wholly owns the 555-sq.-km Dublin Gulch property in central Yukon<\/p>\n<\/blockquote>\n<\/figure>\n<p>Victoria\u2019s first reporting period under commercial operations will be the third calendar quarter of this year.<\/p>\n<p>The company also provided an update on the covid-19 protocols for Eagle personnel \u2013 those arriving to site from Yukon and B.C. no longer need to self-isolate before coming up to the mine. Workers from outside B.C. and the Canadian territories are required to isolate in Whitehorse for 14 days \u2013 as a result, the mine is operating on a 4-week rotation schedule, rather than its usual 2-week rotations.<\/p>\n<p>In addition, last week, the company announced the release of a book on the history of the Dublin Gulch property, host to the Eagle mine. Written by Michael Gates, a Yukon-based author,&nbsp;<em>Dublin Gulch: A History of the Eagle Gold Mine&nbsp;<\/em>covers the gold discoveries of the nineteenth century through to the mine\u2019s first gold pour in September 2019.<\/p>\n<p>\u201cIt is the story of the little company that could, Victoria Gold; of a veteran miner, John McConnell, and of his committed team of determined men and women who beat the odds and turned the dream into reality,\u201d Gates said in a statement.<\/p>\n<p>The book highlights the partnerships between Victoria and Yukon\u2019s governments and communities since its 2009 purchase of the Dublin Gulch property. In October 2011, Victoria Gold and the First Nation of Na-Cho Nyak Dun (NND) signed a Comprehensive and Cooperative Benefits Agreement, to ensure benefits and opportunities for NND citizens over the life of the mine.<\/p>\n<p>The book is available for purchase at select bookstores in the Yukon, at<strong>&nbsp;<a href=\"http:\/\/www.amazon.ca\/\">www.Amazon.ca<\/a>&nbsp;<\/strong>and will also be available at the Eagle mine site.<\/p>\n<p>Victoria wholly owns the 555-sq.-km Dublin Gulch property in central Yukon, 375 km north of Whitehorse, which hosts the Eagle and Olive gold deposits.<\/p>\n<p>Proven and probable reserves across Eagle and Olive total 155 million tonnes grading 0.65 g\/t gold for a total of 3.3 million oz. Cut-off grades for the reserves vary with deposit and material type and range from 0.15 g\/t gold to 0.58 g\/t gold.<\/p>\n<p>Based on a technical report released last December, the Eagle mine is expected to produce an average of over 210,000 oz. of gold a year at all-in sustaining costs of $774 per oz. over a mine life in excess of 10 years.<\/p>\n<p><em>(This article first appeared in the\u00a0<\/em><a rel=\"noreferrer noopener\" href=\"http:\/\/www.canadianminingjournal.com\/\" ><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company&rsquo;s first reporting period under commercial operations will be the third calendar quarter of this year.<\/p>\n","protected":false},"author":6,"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":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193804"}],"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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1193804"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193804\/revisions"}],"predecessor-version":[{"id":1193805,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1193804\/revisions\/1193805"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1193804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1193804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1193804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}