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Victoria Gold's Eagle nearly landed

Construction of Victoria Gold’s Eagle mine is 95% complete and the first gold pour is expected in September, the company has reported.
Victoria Gold's Eagle nearly landed Victoria Gold's Eagle nearly landed Victoria Gold's Eagle nearly landed Victoria Gold's Eagle nearly landed Victoria Gold's Eagle nearly landed

Victoria Gold's Eagle project is 95% complete

Staff Reporter

The company reported Tuesday commissioning was well underway, with 46 of 88 subsystems turned over from construction to commissioning.

The original schedule had the first ore delivery to the heap leach pad in August, but the company said it might just beat that schedule by a month, with first ore reporting to the heap leach pad during the first half of July.

By doing so, the company said it was targeting an initial gold pour in September.

"Construction of the Eagle gold mine is nearing completion ahead of schedule and the operations team is ready to take advantage by advancing additional ore delivery to the heap leach pad in 2019," said CEO John McConnell.

"With gold approaching an all-time high in Canadian dollar terms, 70% of our costs in Canadian dollars, and first gold production in September, Victoria is perfectly timed to become Canada's next gold producer."

The company's Toronto-quoted shares closed 2.5% or C1c higher Tuesday at 41c, which capitalises the company at $347.79 million.