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 > Walking Boots?

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Comment by HoneyBadger77on Sep 28, 2023 2:31pm

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Post# 35659994

RE:RE:RE:RE:RE:Walking Boots?

The gold stocks beat down is sector wide. Just pick any large Gold Producer and look at a 10 year chart and what do you see (i.e Newmont NEM). Many at or near 10 year lows while many are making good profit even at much lower gold prices.

Victoria is not immune and being a one mine operation the 2022 production results let down is quite likely why VGCX shareholders are taking a wait and see approach, Q2 was encouraging but shareholders are going to need to see a few quarters of solid results before they're convinced things are back on track. Once bitten, twice shy. VGCX produced about 55,000 ounces in Q3 2021 with similar grade and tonnes stacked on the pad so they should be able to come in near these levels in Q3. Subtracting about 5k ounces for the wildfire event and I'm looking for close to 50K ounces in Q3 and at least another 50K ounces in Q4 (same as Q4 2021). If they are way lower than these numbers then there's something else going on. If we get 100K ounces in the last half of 2023 then that will put us at 183K ounces and 200k will look at lot more attainable.

September has proven to be its usually worst month for stocks and the looming US Government shutdown has just added another layer of worry for investors so that isn't helping our share price either. Seasonality for gold stocks is usually August to January so things could look much better in a couple months.

HB77

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