Golden quarterly records for Eagle Mine
All-time high gold output only expected to last three months North of 60 Mining News – October 15, 2021
Last updated 10/14/2021 at 2:10pm
Victoria Gold Corp. Oct. 12 reported a record-setting quarter on several fronts at its Eagle Mine in the Yukon, including the ounces of gold recovered.
The recently established open pit mine and heap leach recovery operation at Eagle produced 55,827 oz of gold during the third quarter, roughly 58% higher than the same period of 2020 and nearly matching the 58,899 oz produced during the entire first half of this year.
Records are made to be broken, and Victoria does not see the current gold production record lasting the year.
"We anticipate the gold production record to be short-lived as we expect production growth in the fourth quarter of 2021 and annual production growth into 2022," said Victoria Gold President and CEO John McConnell.
One of the reasons for this is that gold recoveries at heap leach systems in northern climates taper off during the cold weather months of winter and into spring. This, coupled with a curtailment of ore stacking over the first 90 days of each year, gold production at Eagle is expected to be strongly weighted to the second half of the year.
Another reason to anticipate higher gold output moving forward is the other records set at Eagle.
Crews mined 3.1 million metric tons of ore during the third quarter, which is 49% higher than the same period of 2020, and stacked 3.3 million metric tons on the heap leach pad, which is 72% more ore than third quarter 2020.
"The Eagle Gold Mine achieved many production records in the third quarter of 2021 including ore mined, total material mined, ore stacked on pad and gold produced," said McConnell.