Folks, compare the Victoria Gold (VGCX) released todayHighlights Financial highlights – Third Quarter and Year to Date 2021
• Gold sold in the quarter was 53,248 ounces, at an average realized price1 of $2,239 (US$1,777) per oz. Gold sold for the nine months was 109,517 ounces, at an average realized price1 of $2,240 (US$1,790) per oz
. • Recognized revenue of $119.5 million based on sales of 53,248 ounces of gold in the quarter. Recognized revenue of $245.8 million based on sales of 109,517 ounces of gold for the nine months.
• Operating earnings were $52.1 million in the quarter. Operating earnings were $95.1 million for the nine months
. • Net income of $31.6 million, or $0.51 per share outstanding in the quarter. Net income of $64.7 million, or $1.04 per share outstanding for the nine months.
• Cash costs 1 of $892 (US$708) per oz and all-in sustaining costs (“AISC”)1 of $1,211 (US$961) per oz of gold sold in the quarter. Cash costs1 of $911 (US$728) per oz and AISC1 of $1,572 (US$1,256) per oz of gold sold for the nine months.
• EBITDA1 of $68.4 million in the quarter. EBITDA1 of $153.9 million for the nine months.
• Free cash flow1 of $32.2 million, or $0.52 per share1 in the quarter. Free cash flow1 deficiency of $4.3 million, or a deficiency of $0.07 per share1 for the nine months.
• Cash and cash equivalents of $14.8 million at September 30, 2021 after net repayment of $40.3 million principal payments against the Company’s debt facilities for the nine months.