Victoria Gold outlines $508m Yukon mine
Image: Victoria Gold
Toronto-HQed Victoria Gold Corp. (TSX-V: VIT) on Monday announced the results of a National Instrument 43-101 feasibility study for its 100% owned Eagle Gold Project located on the Dublin Gulch property, in the Yukon territory of Canada.
Victoria Gold says the fully-permitted Eagle Gold project confirms the technical and financial viability of constructing and operating a 33,700 tonne per day mine encompassing two open pits, a three-stage crushing circuit, two in-valley leach pads and an adsorption desorption gold recovery plant:
- Annual Gold Production of Approximately 200,000 ozs
- Proven and Probable Reserves (gold oz) =1,880,000
- Operating Cost of US$539/oz & All-in Sustaining Cost of US$638/oz
- Post tax Net Present Value @ (5%) = C$508 million
- Post tax Internal Rate of Return = 29.5%
- Gold price = US$1,250/oz & Exchange Rate = 0.78 C$/US$
- Initial capital expenditure = US$289
- 1 year of construction followed by 10 years of mine operations
Quelle: stockcharts.com
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