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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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Post by phoenix_traderon Apr 08, 2024 11:12am
96 Views
Post# 35976764

New upbeat SA analysis for Victoria Gold

New upbeat SA analysis for Victoria Gold
  •  
  • Under the US symbol VITFF
  • Victoria Gold Corp. had a decent 2023 despite a brief setback due to wildfires, but will have a much better 2024 from a financial standpoint with the recent gold price strength.
  • However, the real improvement in free cash flow will arrive next year as we see higher production at much lower operating costs combined with lower capex.

Digging into the results a little closer, Victoria stacked ~9.0 million tonnes of ore in FY2023 (FY2022: ~6.62 million tonnes of ore), translating to a stacking rate of ~24,600 tonnes per day, up from ~18,100 tonnes in FY2022. Meanwhile, mining rates were also higher at ~55,300 tonnes per day (FY2022: ~48,000 tonnes per day), and stacked grades came in at 0.72 grams per tonne of gold, down from 0.85 grams per tonne of gold in the year-ago period. The increase in tonnes mined was helped by shorter haul distances and higher ore tonnes mined benefit from a lower strip ratio year-over-year. 
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