Victoria Gold Corp. (TSX: VGCX) announced this morning its production results for Q3 2021 at its Eagle gold mine. The company recorded quarterly gold production of 55,827 ounces, up from last quarter’s 32,140 ounces.
The company also increased the total number of ores mined to 3.1 million tonnes from 2.3 million tonnes last quarter. This averages to 76,000 tonnes mined per day.
Ore stacked for this quarter is at 3.3 million tonnes grading at 0.90 g/t gold, compared to Q2 2021’s 2.4 million tonnes grading at 0.87 g/t gold.
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“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 Victoria Gold CEO John McConnell. “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.”
The company previously announced its full-year 2021 gold production guidance of 180,000 – 200,000 ounces. At the end of Q3, the mining firm has so far produced 114,726 gold ounces.
Victoria Gold Corp. last traded at $18.92 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
