PROJECT FINANCE

Orion and Osisko buy into Victoria Gold's Eagle plans

Victoria Gold (CN:VIT) has dropped an existing debt facility to help build its Eagle gold project in Yukon, Canada, in favour of a package with two increasingly prominent finance providers and a subsidiary of Caterpillar.

Victoria Gold is hoping to kick off production at Eagle next year

Victoria Gold is hoping to kick off production at Eagle next year

The C$505 million (US$392 million) debt, equity, royalty and equipment deal should more than cover the capital requirements to bring Eagle into commercial production. Orion Mine Finance and Osisko Gold...

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