09:40 AM EST - Victoria Gold Corp. : Announced the results of its updated Technical Report on the Eagle Gold Mine. After-tax net present value at a 5% discount of $954 million ($1,257 million pre-tax), at US$1,700 per ounce of gold and a US$:C$ exchange rate of 0.75; Average gold production of 202,000 ounces per year over the first eight years, with peak production of 219,000 gold ounces in 2025. Average free cash flow of $166 million per year for the first eight years with a total of $1,602 million of FCF over the LOM. Total gold production of 2,048,000 ounces over a mine life of 12 years. This total does not include gold production prior to 31 December 2022. Victoria Gold Corp.
shares T.VGCX are trading unchanged at $8.29.
