We like Victoria Gold, we’ve been watching Victoria Gold for a while now, we believe in what Victoria Gold has to offer with a focus on growing production in safe jurisdiction. And that jurisdiction being the Yukon Territories. With Victoria, we see plus two hundred thousand ounces a year of annual gold production, relatively low all in sustaining costs. We believe that this is a solid management team, good quality technical experience and has the capacity to develop the Eagle Project. So most definitely a company to watch.
Victoria Gold Corp. is a leading gold exploration and development company. The Company’s Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold (123Mt @ 0.67 g/t). The Eagle Gold Project is shovel-ready and when in production will produce ~200,000 ounces of gold annually at an operation cost of approximately $550 per ounce. The Project is permitted for construction and operations. Victoria’s shareholders are well positioned to participate in a highly leveraged gold play and construction of the largest gold mine in Yukon History.
Victoria Gold holds a strong cash position which enables the Company to advance Eagle development on a value add basis as we continue construction and near operations.
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