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 > Sandbagging and truth in production. SA CC transcript.

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Comment by MVargason Mar 28, 2022 3:16pm

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RE:Sandbagging and truth in production. SA CC transcript.

Gold in inventory is not great news, nor is it even news. That is the nature of Heap Leach operations; you build inventory until you reach a point where gold in = gold out. So to say "we expect the vast majority of that inventory to come out in 2022", it is being disingenious. It will be replaced by new 2022 inventory.

Second point: Of course he is sandbagging and Victoria should produce at least 200k oz in 2022. The company should have said that barring impacts from Covid, or war in Ukraine, etc., we expect to produce 200k oz or at least 180k - 200k. Being "conservative" is causing a short term hit to the share price, especially when you have a history of not meeting guidance.

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