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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 MVargason Mar 16, 2023 9:52pm
141 Views
Post# 35344089

RE:RE:One year ago

RE:RE:One year agoSame production as Q1 2022 just won't cut it.  They need to produce a minimum of 30k ounces in Q1 to put them ontrack to meet the mid-point of guidance, but for the year they really need to produce the upper end of guidance which corresponds to the newly updated mine plan, or 180,000 oz.  Really 30k ounces this quarter is not a very high bar to meet, especially with the promised increase in production from year-round stacking.  

Minimum production by quarter:
Q1- 30,000
Q2 - 40,000
Q3 - 50,000
Q4 - 50,000

Total of 170,000 oz.  Anything less will be another disappointment.  But if they can produce 180k at an AISC of $1350, then at today's gold price, that would result in earnings of C$ 140 million, or more than $2/share.  




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