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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

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

Comment by HoneyBadger77on Jun 30, 2024 9:09pm
117 Views
Post# 36112936

RE:RE:RE:Da bottom line here is that VGCX caused the damage

RE:RE:RE:Da bottom line here is that VGCX caused the damageOK m8magic, so let's assume Vic gold walks.  The $104 million bond is secured by the ounces in inventory on the pad.  But according to some poster last week (actually might have been you), that inventory is likely lost, it ran down the slide, 27 million gallons of solution mentioned I believe it was (again speculation), and who knows where it ended up (again speculation not Fact, at least yet).  So if this is true, do you think the bond company is going to cover this if VG walks?  Or maybe the Yukon Government will pony up for the costs instead?  No, the bond company and YK gov't are going to want VG to pay the bill (again if the damage is massive as is being speculated) and once VG knows what that damage and cost is they will no doubt make that decison.   And the only way VG will be able to fix this and pay will be if they're still in operation and not bankrupt so I guess we'll see.

HB77
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