Victoria Gold reports 58% production increase in Q3 2021, breaks many records

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Victoria Gold (TSX: VGCX) announcedTuesday that its gold production in Yukon in Q3 2021 was record 55,827 ounces,a 58% increase from the same period of 2020, with year-to-date gold production of114,726 ounces.

"The Eagle Gold mine achievedmany production records in the third quarter of 2021 including ore mined, totalmaterial mined, ore stacked on pad and gold produced," stated President and CEOJohn McConnell.

He added, "We anticipate thegold production record to be short lived as we expect production growth in thefourth quarter of 2021 and annual production growth into 2022."

Victoria Gold's 100%-ownedDublin Gulch gold property is situated in central Yukon Territory, Canada,approximately 375 kilometers north of the capital city of Whitehorse, andapproximately 85 kilometers from the town of Mayo. The company's Eagle Gold mineis Yukon's newest operating gold mine.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

AOCE and WB boost gold targets for 2025 significantly

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop