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 > Good news

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Comment by phoenix_traderon May 10, 2021 12:40pm

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RE:RE:RE:Good news

Of note is the Coeur/Orion swap comes one business day following the cutoff for voting at the June 23rd AGM. The circular will likely be filed late this week or next.

Also of interest is that long time auditors PwC are being replaced by Ernst & Young.
I could be wrong but looks to me like PwC thought an impairment charge against Eagle was required but the Board did not agree hence the switch to EY.

Our management team and the Board has had to deal with a lot of fires over the past year but they were all extinguished by the dramatic new debt facility arranged in December. Banks simply do not lend to mines unless they are absolutely certain of repayment and possible new debt possibilities for expansion. The bank advisors must have signed off on the plant improvements in progress.

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