JOHANNESBURG (miningweekly.com) – TSX-listed Victoria Gold has obtained the final water-use licence for its $400-million flagship Eagle gold project, in Yukon, Canada, allowing construction and operations to begin.
The company has now been granted all the major permits required to build, operate and close the proposed 200 000 oz/y openpit gold mine at an operational cost of around $600/oz and all-in sustaining costs of $729/oz.
Eagle, which was expected to enter operations in 2017, boasted a National Instrument 43-101-compliant reserve of 2.3-million ounces of gold.
Victoria had completed the environmental assessment, received a Quartz mining licence and a water-use licence for construction.