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 NickelOneon Mar 04, 2020 8:53pm

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Post# 30768095

RE:RE:RE:RE:RE:RE:Looking good goin forward

OCB1234 wrote: There's hardly any consequence to the hedging agreement....

At current gold price (as I type this message) in Canadian dollars (C2,195) - C1,936 (sold call options price) x 40,000 Oz (number of call options sold for 2020) = C10,360,000 and if we were to use the same POG for 2021 it would be C15,540,000 (for the 60,000 Oz hedged in 2021).

To summarize - VIT will have to pay C25MM for heging agreement at current gold price. Higher gold price would mean higher payments

GLTA

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