By Shane Lasley
Mining News
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
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Last updated 9/26/2020 at 3:13pm
Victoria Gold Corp.
A stack of gold bars poured at Victoria Gold's newly constructed Eagle Mine in the Yukon.
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.
Victoria m...
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