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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Victoria Gold Corp > vgcx January presentation

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Comment by MVargason Jan 28, 2022 6:31pm

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Post# 34373394

RE:vgcx January presentation

Greatdaysahead wrote:
I read the January presentation and I am again skeptical about the IR "non-department".
As always a mix of new information and not-updated numbers. And a typo:

FWIW

page 8: debt repayment.
Note taht the RCF is forecasted higher in Q1 and Q2 2022. Any reason for that ?
page 15 : typo .. share price as per Jan.20 2021.
What about Orion in the list. As it is not mentioned, and that other institutions are at 3.1%, it means Orion owns less than 3% ? At what date ?

Appendix page 28:
Why are they still using end Q2 numbers.
Appendix page 29
The collar is done... Not interest mentionning it in 2022 !

Note that "No future hedging is Anticipated" :-)

gda, yes a continuing display of ineptness when it comes to Corporate Presentations and they don't keep previous ones on their website for comparison.

The Dec CP showed forecast debt to be reduced to C$60 million at the end of 2022. The Jan CP shows it at over C$150 million at the end of 2022 - an increase of over $90 million! No reasons given. I hope they don't plan to pour more millions into Banyan.

I suspect that the some of the increases in Q1 and Q2 have to do with capital spending not financed out of cash flow such as the Water Treatment plant (which we were told was going to be constructed in 2021), and the ordering of materials and equipment for the scalping of fines project. The CP says that the Truck Shop will be completed in October 2021 so that is paid for. However while the previous CP showed debt reduction of C$28 million in Q1, now the CP shows a debt increase in Q1 of more than C$20 million. Why no disclosure on this $50 million difference?

Maybe a question for CruxInvestor.

I also note that Victoria is forecasting a 20% increase in production for 2022. Does that mean a repeat of guidance of 180,000 - 200,000 oz for 2022? I would think so as they would be foolish to forecast anything higher.