Victoria Gold Corp. (TSX-V: VIT)is pleased to announce that on April 27, 2017, Yukon Finance Minister Sandy Silver announced a reduction of the Yukon general corporate tax rate from 15% to 12%. The full text of the press release announcing the change is set out in a link below.
The estimated impact of this tax decrease on Eagle project economics is:
After tax NPV (5% discount) increases from $508 Million to $527 Million.
After tax IRR increases from 29.5% to 30.0%.read more