QUEBEC CITY, QUEBEC--(Marketwired - Jan 23, 2014) -
Virginia Mines Inc. ("Virginia") (TSX:VGQ) is pleased to provide an update on the latest developments of the Éléonore gold project. As announced in
Goldcorp Inc.'s ("Goldcorp") January 8, 2014 press release, construction continues on schedule with first gold production on track for the fourth quarter of 2014. Gold production is expected to be between 40,000 and 60,000 ounces in 2014. The overall surface construction has now reached 69%. The beginning of operations at Éléonore will be a very important milestone in Virginia's history. It is to be noted that Virginia owns a 2.2% royalty on the first 3 million ounces of gold produced at the Éléonore mine. This royalty will incr...
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