Investor Alert: Victoria Gold (TSX: VGCX) | Eagle Gold Deposit 2021 Production Guidance
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Victoria Gold Corp. (TSX: VGCX) is focused on developing its 100%-owned Dublin Gulch gold property. The property sits in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse.
Recently, the company put out its production and cost guidance for 2021. “We are forecasting to produce between 180,000 and 200,000 ounces of gold in 2021,” says Director, President and CEO, John McConnell. Furthermore, the All-in Sustaining Costs are estimated to be between US$1,050 and US$1,175 per oz.
The mining, crushing and ore stacking on the heap leach pad are all expected to operate at full capacity during 2021 while gold production, which lags mining and stacking activities in heap leach operations, will continue to build up through the first half of 2021. It’s expected to reach full capacity in the second half of 2021. Gold production will be strongly weighted to the second half of the year due to the seasonal stacking of ore on the Eagle leach pad, which is curtailed for the 90 coldest days of the year, January through March. During this no stacking period, mining operations, primary crushing and stockpiling of ore continues with ongoing leaching and gold production. Subject to favourable weather conditions ore stacking may be resumed ahead of schedule.
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