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Victoria Gold Corp VITFF

Metals & Mining Gold
Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


GREY:VITFF - Post by User

Victoria Gold Corp
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Comment by Greatdaysaheadon Sep 11, 2019 3:43am
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Post# 30115567

RE:RE:RE:RE:RE:RE:RE:Here it Comes!

RE:RE:RE:RE:RE:RE:RE:Here it Comes!

Now that the mine is complete, the speculation is on about two metrics : sustainable production 200k oz/year and AISC.

ToreSweeden link shows that low AISC is possible but size, type of extraction, cost structure can be apples and oranges.

Is it worth having a look at VIT presentation pages 37 and 40 for a comparison.
Page 37 : AISC at 638 USD + 62.5 royalty to AISC = 700.5 USD/oz as per 2016 feasibilty study

page 40: . 2018 AISC as per 2016 Feasibilty Study : 750 USD (I guess 62.5 usd/oz royalty to add.so 812.5 USD.

And a comparison with "peers" having oxide heap leach and production: 812 to 974 usd/oz. VIT stating that  Eagle enjoys "higher grade and a lower strip ratio in a superior juridication than many heap leach peers"

Question : have they up-to-date information about peers or is it from 2018 or berfore. What has been the general increase/decrease in AISC the past 12-36 months ?

General question: many pointed out that AISC went up the past years. May I ask what generated the upside : wages, cost of materials, less easy extraction mines, new mines more expensive ?

TIA 

 

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