Mining

Victoria Gold’s Eagle mine achieves record monthly production

Year to date, the mine has produced 94,605 ounces of gold with 5.7 million tonnes of ore stacked on the heap leach pad.

The Eagle gold mine achieved commercial production on July 1, 2020, and delivered 116,644 ounces of output for the second half of the year.

Meanwhile, the company’s 2021 mineral exploration campaign at the Dublin Gulch gold camp is continuing, with 10,000 metres of the planned 15,000-metre drill program completed to date.

Current exploration focus is on two high-grade gold targets at Raven and Lynx, as well as at the past-producing Rex-Peso high-grade silver target just west of the Eagle mine.

Shares of Victoria Gold jumped 5.0% by 12:40 p.m. EDT Monday. The company has a market capitalization of approximately C$1.0 billion.

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