Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Victoria Gold’s (TSXV: VIT; US-OTC: VITFF) Eagle Gold Project in the Yukon territory hosts a reserve of 2.7 million ounces of gold and it is expected to produce ~200,000 ounces per year at an operation cost of approximately $550 per ounce.
According to the company’s president and CEO John McConnell, Victoria Gold’s prospects have improved due to a renewed optimism in the territory’s gold sector. Speaking to The Northern Miner‘s western editor Matthew Keevil, McConnell explained how new conditions impact his plans for the site.
