Currently, we have a buy rating on Victoria Gold. We view the Eagle Project as a very strategic asset for Victoria Gold. It has a reserve of 2.7 million ounces of gold and an annual estimated production of 200,000 ounces, which can all be obtained at a reasonable capital expenditure of 400 million dollars Canadian. They’re able to consolidate a large land package and now they have not only the Eagle Gold deposit but the Olive deposit as well and they’re also located on top tier jurisdiction in the Yukon.
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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