The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Miner makes early loan payment from Eagle Gold cash flow North of 60 Mining News – August 7, 2020
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 made...
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