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    Victoria Gold Announces Eagle Gold Mine Q2 2021 Production
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Eagle Gold Mine

Construction Progress

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Victoria Gold Corp's Eagle Gold Mine poured its first gold in Q3, 2019 and achieved commercial production on July 1, 2020. In full production, the mine will produce 210,000 ounces of Au per year. The Reserve is 3.3 million ounces of gold and the mine life is +11 years. The deposit is open at depth and along strike. Exploration potential of the greater Dublin Gulch property is good and includes priority targets Olive-Shamrock, Bluto and Nugget-Raven.

Investor Highlights

  • Coeur Mining buys 17.8% of Victoria from Orion
    • Shareholder Rights plan put in place
    • Aggressive exploration program launched
  • New Producer Ramping Up to +200,000 oz/year
    • Over 2020, gold production increased, and costs decreased each quarter
    • H1/21 Au production increased 58%
  • Guidance:
    • Production: 180,000 – 200,000 oz Au
    • AIS Cost: US$1050 – 1175/oz
  • Strong free cashflow
  • Project 250k – increase annual production
  • Project 2040 – extend mine life 10 years
  • COVID 19 – 75% of workforce has been vaccinated
     

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Eagle Gold Mine

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