Victoria Gold Corp. (TSX: VGCX) has provided an update on its Eagle Gold Mine in Q2 and operational highlights for the first half of 2023. After a record first quarter, the company continued to post strong operating results with over 45,000oz of gold produced during the second quarter of 2023, marking a 42% improvement over the same quarter last year.
Victoria Gold CEO and president John McConnell commented, “In Q2 2023, we continued with the record gold production we achieved in Q1. Over H1 2023, we have produced 47% more gold than H1 2022.”
While 45,568oz of gold were produced during the second quarter of 2023, over 83,000oz of gold were produced during the first half of 2023. Total gold produced during the first half of 2023 was 83,188oz, about 47% more than the output from H1 2022. Last year, the company produced 150,182oz by comparison.
Victoria is the whole owner of the Dublin Gulch gold property situated in the central Yukon territory of Canada, approximately 375km north of the capital city of Whitehorse and approximately 85km from the town of Mayo. It covers an area of approximately 555km2 and is the site of the company’s Eagle and Olive open-pit deposits.
The Eagle mine, which entered commercial production in July 2020, is expected to produce 2.1Moz over an estimated mine life of 12 years, based on its latest mine plan. Average annual gold production would reach 202,000oz over the first eight years, with peak production of 219,000oz in 2025. The Eagle Gold Mine is Yukon’s newest operating gold mine.
For further information, please visit: www.vgcx.com
