VGCX:CC - Victoria Gold: Aiming for Full Production During 2021

2024-03-27 17:08:02 ET

Set to deliver between 180 and 200 hundred thousand ounces of gold in 2021

Victoria Gold’s 100%-owned Dublin Gulch gold property sits in central Yukon Territory, Canada. It's approximately 375 kilometers north of the capital city of Whitehorse, and about 85 kilometers from the town of Mayo. The property covers an area of approximately 555 square kilometers and is the site of the company’s Eagle and Olive Gold Deposits. The Eagle Gold Mine is Yukon’s newest operating gold mine.

Victoria Gold has developed the Eagle Mine and is moving it into full production during 2021. In addition, the company has recently put out its guidance for 2021. "We're forecasting to produce between 180,000 and 200,000 ounces of gold in 2021, at an all-in sustaining cost of between 1050 and 1175 U.S," says President & CEO, John McConnell.

Furthermore, Victoria Gold is extremely proud of its involvement in the community. They're also committed to the development and implementation of some important programs. These programs are helping to positively shape the lives and livelihoods of community citizens and all Yukoners. In fact, the company recently contributed 1 million dollars to First Nation of Na-Cho Nyak Dun.

Currently, Victoria Gold employs, with embedded contractors, close to 500 people. "We're very proud of the fact that we employ 25 percent women and 25 percent First Nations at the mine," says McConnell.

For more information on Victoria Gold Corp. (TSX: VGCX, US: VITFF) please fill out the form below.