Victoria debt falls as gold price surges
Miner makes early loan payment from Eagle Gold cash flow North of 60 Mining News – August 7, 2020
Last updated 9/26/2020 at 3:13pm
Strong gold prices and the smooth ramp up to commercial production at its Eagle Mine is allowing Victoria Gold Corp. to pay off the loans taken out to develop the Yukon operation quicker than scheduled.
On Aug. 5, the mineral explorer turned gold producer made an unscheduled US$10 million payment towards the interest and principal of its US$100 million senior secured credit facility.