About Victoria Gold
Victoria Gold (VGCX) is Leading Yukon’s New Gold Rush. The company’s 100% owned Eagle Gold Mine in central Yukon poured it’s first gold in Q3/19 and achieved commercial production on July 1, 2020. Eagle is an open-pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. Despite the COVID-19 pandemic, VGCX successfully ramped up the largest gold mine in Yukon history into production. As at December 31, 2021 the Reserve is 2.7 million ounces of gold (133 m tonnes grading 0.65 g/t). The deposit is open at depth and along strike. VGCX is implementing Project 250K which will increase production to a rate of 250,000 ounces per year during 2023. Exploration potential of the greater Dublin Gulch property is excellent and includes priority targets Olive-Shamrock, Nugget/Raven and Lynx.
- Expect significant production growth in 2022 through 2024 to reach a production rate of 250k ounces/year
Achieved over 40% production growth in 2021.
- Best-in-class Heap Leach Operations Globally
Higher grade and lower strip ratio compared to average oxide heap leach projects in production.
- Expect to Generate Significant Free Cash Flow
Repaid $61 million of debt in 2021.
- District Scale Potential has Resulted in Great Exploration Success
Multiple satellite deposits, led by the Raven target, exist with mineralization potential above and beyond the current reserve estimates.
- Delivering Positive ESG Results
Very low carbon emissions per ounce of gold. Focus on further improving sound social and governance practices.
"Victoria Gold is committed to the success of the Eagle Gold Mine and to ensuring that its construction, operation and closure have a positive impact on the health and social conditions, employment and training in the Yukon." John McConnell, President & CEO.
Victoria Gold is extremely proud of its involvement in the community and is committed to the development and implementation of some important programs that are helping to positively shape the lives and livelihoods of community citizens and all Yukoners.
The Comprehensive Cooperation Benefits Agreement (CBA) with the First Nation of Nacho Nyak Dun, (FNNND) demonstrates this and includes the Victoria Gold and FNNND Scholarship Program, and the Cultural Awareness Program.
Victoria Gold established the Victoria Gold Yukon Student Encouragement Society’s Every Student, Every Day fund to help alleviate student absenteeism in schools throughout the Yukon.
In addition, Victoria Gold proudly sponsors and participates in many community events and initiatives.
The Eagle Gold Mine and future mine will be a strong contributor to the Yukon and its citizens for many years to come.