Victoria Gold Enters into Gold Hedging Program for Eagle Gold Project, Yukon

V.VIT, Victoria Gold, gold, yukon

Victoria Gold Corp. (TSX-V:VIT) (the “Company”) is pleased to report that the Company has entered into a gold price protection program (the “Hedging Program”) with Macquarie Bank Limited. The objective of the Hedging Program is to mitigate the risk associated with adverse fluctuations and volatility in the price of gold during the critical early years of operation and debt repayment.[...] read more

Victoria Gold Announces Execution of Definitive Documentation for the Eagle Financing Package and Closing of Equity and Royalty (First Tranche)

V.VIT, Victoria Gold, gold, yukon

Victoria Gold Corp. (TSX:V-VIT) “Victoria” or the “Company” is pleased to announce that it has finalized and executed definitive transaction agreements with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Cat Financial”) with respect to the previously announced construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production.[...] read more

Turning Money into Gold | Victoria Gold

Victoria Gold, V.VIT, gold, Yukon, John McConnell

Mining Victoria Gold’s (V.VIT) Eagle Gold Project at Dublin Gulch in Yukon literally means taking off the side of a small mountain. That mountain hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold at .67 gpt. Operating costs are estimated at US$550 per ounce and the mine is designed to produce approximately 200,000 ounces of gold per year in full operation.[...] read more

Victoria Gold is Building a Mine

Canada gold, junior mining companies

We’ve been reporting on Victoria Gold (V.VIT) for several years. CEO John McConnell has been convinced that there would be a mine at the Eagle Deposit  Dublin Gultch in the Yukon. Today’s press release announcing a Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities means that Victoria is financed right through until commercial production.[...] read more

Victoria Gold Announces Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities

V.VIT, Victoria Gold, gold, Yukon

Victoria Gold Corp. (TSX.V:VIT) “Victoria” or the “Company” is pleased to announce that it has entered into documentation with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Caterpillar Financial”) with respect to a construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production. The Financing is comprised of:[...] read more

Victoria Gold in Northern Miner

Canadian Mining

Lesley Stokes at the Northern Miner is the rare combination of a geologist and a journalist. She understands what professional geologists like Victoria Gold’s VP Exploration, Paul Gray is talking about when he describes the Eagle discovery as “geologically boring, but mineralogically consistent,”. It is that consistency which drives VIT’s mine construction and the exploration efforts designed to extend the projected life of mine.[...] read more

Victoria Gold Drills 607.8m @ 0.56 g/t Au including 40.2m @ 1.33 g/t Au at the Eagle Gold Project, Yukon

V.VIT, Victoria Gold, gold, Yukon

Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of assays from the final two drillholes of a four hole drill program that targeted previously untested areas adjacent to, and below the 2016 Eagle Gold Mine Feasibility Study pit boundary, the Eagle Deep targets. These additional Eagle Deep holes returned a similar tenor of grade and intersection lengths as the first two Eagle Deep drillholes, demonstrating long runs of consistent gold mineralization and higher grade at depth.[...] read more