Victoria Gold Corp T.VGCX

Alternate Symbol(s): VITFF

Metals & Mining Gold

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato Hills, Eagle West, Falcon, as well as other targets. The Dublin Gulch Project is situated in central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers, is accessible by road year-round and is powered by the Yukon energy grid. The Eagle and Olive deposits include probable reserves of approximately 3.3 million ounces of gold from 155 million tons of ore with a grade of 0.65 grams of gold per ton. It also holds Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.

TSX:VGCX - Post by User

Victoria Gold Corp

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Comment by NickelOneon Mar 04, 2020 8:53pm

123 Views

Post# 30768095

RE:RE:RE:RE:RE:RE:Looking good goin forward

OCB1234 wrote: There's hardly any consequence to the hedging agreement....

At current gold price (as I type this message) in Canadian dollars (C2,195) - C1,936 (sold call options price) x 40,000 Oz (number of call options sold for 2020) = C10,360,000 and if we were to use the same POG for 2021 it would be C15,540,000 (for the 60,000 Oz hedged in 2021).

To summarize - VIT will have to pay C25MM for heging agreement at current gold price. Higher gold price would mean higher payments

GLTA

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