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

By Shane Lasley
Mining News 

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 Eagle Mine Yukon Canada quarter report record breaking gold output

Victoria Gold Corp.

Crews mined 3.1 million metric tons of ore and 3.8 million metric tons of waste at Eagle during the third quarter.

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.

Victoria Gold Eagle Mine Yukon Canada quarter report record breaking gold output

Victoria Gold Corp.

With the 55,827 ounces recovered during the third quarter, a total of 114,726 oz of gold was produced at the Eagle Mine during the first nine months of 2021.

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.

Author Bio

Shane Lasley, Publisher

Over his more than 13 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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