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.

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Comment by Whateverrron Mar 23, 2021 5:03pm

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RE:RE:RE:RE:big volume

Well now you understand what a few of us were saying during the summer when the share price was WAY too high at $20+. Management was delaying releasing important financial numbers a really bad sign, a simple one project company blaming Covid meanwhile Newmont and others with highly complex stuff getting numbers out just fine. And the poor finance gadgets like the hedge and options causing havoc here as well. Could have sold with us much higher and bought back a few months ago. ALL 100% predictable but you were too happy patting each other on the back to listen to us "bashers" "shorters" or whatever other lies your and OCD perpetuate.

MVargas wrote: 2020 Annual financials won't be great because of accumulated losses of $40 million through the first 9 months, $38 million of which were derivative losses due to call options.

Since the price of gold didn't change much from Sept. 30 to Dec. 31, there shouldn't be much in the way of additional derivative losses in Q4 so Q4 financials with decent production should be pretty good. However not good enough to overcome the accumulated $40 million through the first 9 months so the Canada Stockwatch NR headline will probably be Victoria lost $XX million in 2020.

The market may give much more weight to Q4 performance and profitability than the total 2020 financial performance. Call options remaining will be down to 45,000 oz at the end of this month which, at current gold prices, represents a liability of C$10.7 million.

With the strengthening of the Canadian dollar in Q1, combined with lower gold prices, 2021 Q1 financials should show significant derivative gains and lower debt costs in Canadian dollars.