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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 Mar 10, 2020 9:57am
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Post# 30787863

RE:Lower fuel prices

RE:Lower fuel prices

Somehting to take into consideration indeed.

Not sure how must of the AISC price is linked directly or indirectly to fuel/oil prices but this is clearly an important part of the AISC.

On the other side,  the analyse I am sharing here below (link) make me note that royalties on the other hand are increasing as they are a % of the POG... 

https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-all-in-sustaining-cost-up-25-yoy-in-2018-but-forecast-lower-in-2019


Total minesite costs grew by 4.2% year over year in 2018, contributing an increase of US$27.60 per ounce to AISC. Fuel costs, a major component of mining costs in open pit mines and mines that rely on on-site diesel power generation, rose by 21.8%. 
...

Royalties and production taxes are typically calculated as a percentage of revenue or profit; this translates to higher royalty costs when production and prices increase.

 

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