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Victoria Gold Corp VITFF

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

Comment by Greatdaysaheadon Feb 24, 2021 12:01pm
264 Views
Post# 32647421

RE:RE:RE:HELP

RE:RE:RE:HELP

Please have a look at the latest webinar as this question was addressed quite often by the CEO.

They missed their gudance in the second half of 2020. Had operational issues as more abrasive ore than anticipated for example.

Most of these issued have been addressed as per now (please refer to their online presentation page 7 --> https://vgcx.com/investors/investor-presentations/)  

So price went up  to much based on speculation they will achieve initial goals and based on POG reaching 2000 USD +

Then had front-winds as Orion secondary sale of shares at a price lower than market price. Killed the momentum. Add POG coming back to  the 1800 area and these operational issues...and we had to endure this -50%.

Company is now more conservative with its guidance, which by-the-way should soon be out. And since end November, we had a refinancing of the debt and good news from them in terms of production.

Keeping in mind that 1st quarter 2021 should be the weak one... we can expect nice improvement for the remainging of 2021

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