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Reduced Yukon corporate tax rate boosts Victoria Gold's Eagle project

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Reduced Yukon corporate tax rate boosts Victoria Gold's Eagle project

Victoria Gold Corp. said June 7 that the general corporate tax rate in northern Canada's Yukon Territory was recently reduced from 15% to 12%.

The reduction boosted the economics of the company's Eagle gold project, with the posttax net present value increasing to C$527 million and the internal rate of return increasing to 30.0%.

A September 2016 feasibility study on the Eagle project outlined a posttax net present value of C$508 million with a 29.5% internal rate of return.

The Eagle project forms part of the company's Dublin Gulch property.

Victoria Gold recently raised C$10 million for exploration at Dublin Gulch.