North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Coeur nabs major stake in Victoria Gold

Establishes foothold for possible future buyout of Yukon miner North of 60 Mining News – May 10, 2021

 

Last updated 6/3/2021 at 5:05pm

Yukon gold mine Coeur Mining Orion investment buyout merger acquisition

Victoria Gold Corp.

Victoria's Eagle Gold Mine produced 116,644 oz of gold during 2020 and is forecast to produce around 190,000 oz this year.

Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on.

"We have long admired the quality of Victoria's Eagle asset and its recent success in ramp...



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