Production
Eagle Gold Offtake
Trident owns an offtake for 25% of the gold produced at Victoria Gold Corp.’s Eagle Gold Mine located in Yukon, Canada up to a total of 1,111,500 delivered ounces.
Eagle Gold Offtake
Victoria Gold’s core holding is the 100% owned Dublin Gulch property in central Yukon, approximately 375km north of the capital city of Whitehorse. Dublin Gulch is home to the Eagle Gold Mine – the largest gold mine in Yukon history.
The Eagle Gold Mine produces gold doré from a conventional open pit operation with a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold recovery plant. The mine has year-round road access and is connected to the Yukon power grid.
The mine employs approximately 500 people as well as numerous contractors and consultants, which makes Victoria Gold a significant economic contributor to the local communities and the Yukon.
The Eagle Gold Mine has a long-standing Comprehensive Cooperation and Benefits Agreement with the First Nation of Nacho Nyak Dun, within whose traditional Territory the mine is located.
September 2023
Recent news
Victoria Gold announced the acquisition of Sabre Gold Mines Corp.’s and its Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.
Brewery Creek is a formerly producing heap leach project, covering 181 square kilometers, located in northwestern Yukon approximately 120km west of Eagle.
The property is the subject of a NI 43-101 Technical Report which sets out a Mineral Resource Estimate of 34.5Mt of Measured and Indicated Mineral Resources grading 1.03 gpt Au, containing 1.14Moz of gold and 36.0Mt of Inferred Mineral Resources grading 0.88 gpt Au, containing 1.02Moz of gold.
February 2023
Recent news
Victoria announced the results of an updated Technical Report on the Eagle Gold Mine outlining a project with a mine life of 12 years and average gold production of 202,000ozpy in the first eight years. The after tax NPV@5% was estimated to be US$954M.
| Location | Canada |
|---|---|
| Operator | Victoria Gold Corp |
| Commodity | Gold |
| Mining Type | Open Pit |
| Stage | Production |
Location Map
Production
| 2023 Production | 166,730 ozs |
|---|---|
| 2024 Forecast | 175,000 ozs |
Mineral Reserve Statement
| Proven & Probable | 114Mt @ 0.63gpt Au |
|---|---|
| Measured & Indicated | 236Mt @ 0.59gpt Au |
| Inferred | 56.39Mt @ 1.00gpt Au |
| Total | 292Mt @ 0.67gpt Au |
Source: Capital IQ