Victoria Gold Corp T.VGCX

$2900 Cdn Au price today

[phoenix_trader]

Q4 avg realized price was $2636.

10% improvement.

[kegman]

I CANNOT SEEM TO FIND THE EXACT BREAKDOWN BY MONTHS FOR THIS .As at December 31, 2023, the Company has gold forward contracts for a total of 34,500 ounces of gold at a weighted average price of US$2,057 per ounce with expiry dates ranging from January 2024 through to December 2024. I HAVE SEEN IT BUT CAN NO LONGER FIND IT. Not in Feb. presentation.  

[HoneyBadger77]

Here you go Kegman....it's on Page 24 of the Financials. vit_q4_dec23_fs_2024-02-16_final-combined.pdf (vgcx.com) Current Instruments Gold Forwards Gold forwards 22,500 oz January 2024 - September 2024 US$2,074 Gold forwards 12,000 oz January 2024 - December 2024 US$2,025 Gold Put Options Gold put options - purchased 36,000 oz January 2024 - December 2024 US$1,800 Gold Forwards As at

[kegman]

Thank you.  I would expect the PUT to be gone in 2025 when debt is down.  Those hurt.

[DonaldDDukc]

It is great to see that gold price is up. but also please be aware of that for the precious metal brokers. They might be selling out big time today.It is possible that gold price will dip down 

[Greatdaysahead]

Yes and No. Buying Put for hedging purpose is as buying an insurance : you pay the price upfront and hope not to have to use it. disadvantage : you use cash spot. You pay a premium (ie time, volatility)  advantage : your gain are not capped in case POG surges Question : how much did they pay, quite out of hthe money today but maybe they bought them when POG was around 1950. If they had