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.

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Victoria Gold Corp

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Comment by NickelOneon Apr 26, 2020 10:39am

142 Views

Post# 30954583

RE:RE:RE:RE:RE:RE:RE:RE:RE:Patience Wearing Thin

phoenix_trader wrote: Just a few missed points:

All $ figures are US$, Victoria Gold reports in Cdn$.
Nordgold issued US$400 mill 5 year Eurobonds last October.
The Gross mine employee total at y/e was 1010, Eagle about 350.
Basically, the mines are identical. The Gross mine is by far the most profitable of Nordgold's operations and 2020 exploration priority is on similar projects in Russia's far east.
Do you not agree that with 2019 US$ 283 million EBITDA from the Gross mine, the potential for Eagle in 2021 is at a minimum the same.
Gross's exceptional profitability enabled Nordgold to pay a dividend of US$ 53.3 million to the shareholders.

Phoenix_trader - I like the dialogue we are having here, is educational. As I said I did not know anything about Gross Mine, but I do know a lot more now...

Nordgold are smart and they have deep pockets backed up by good assets.The 400M @ 4.125% Eurobonds are something Victoria Gold can only dream about. The order book was two times oversubscribed, which speaks confidence in management team.

I would love if VGCX would pay a dividend, I hope they do! Based on the numbers they project they should pay a dividend. I am certain they will boost management salaries and bonuses, but I doubt they will pay out a dividend in the next 3 years. I hope they prove me wrong!

I lost count of the capital costs for Eagle Mine, they are now well above US$400M (debt and equity).

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