Victoria Gold Corp. Proceeds with Eagle Gold Project According to BAC Report04 Jun 2013 • by Natalie Aster
LONDON – In February Yukon Environmental and Socio-Economic Assessment Board ("YESAB") finished an environmental assessment of Eagle Gold Project, a property of Victoria Gold Corp. YESAB has been working on this assessment since December 2010, and now Victoria Gold can start construction works at the site. Eagle Gold is designed according to the highest environmental and safety standards, and is regarded as economically robust. As soon as Yukon Government issues the Quartz Mining License, Victoria will be able to launch construction.
Victoria Gold has no incomes at the moment, it only invests in its project. For the year ended February 2012 it recorded operating income of CAD (5.2) M and net income of CAD (5.6) M. The company’s however, is confident about future revenues and investor benefits - Eagle Gold Project is estimated as very successful project with good prospective. Victoria Gold plans to start production in 2014, achieving full capacity in 2016.
Founded in 1981 and headquartered in Toronto (Canada), Victoria Gold is gold mining company having its only project at the stage of development. The enterprise acquired Dublin Gulch property (which contains Eagle Gold Deposit) in 2009, and has been working on it since then. The company also acquired shares of Banyan Gold Corp. for investment purposes.
All the details on the company’s project, SWOT, news, competitors and experts’ forecasts can be found in the report “Victoria Gold Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Victoria Gold Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2013
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.