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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 Greatdaysaheadon Oct 04, 2023 6:21am
133 Views
Post# 35668373

RE:Whitehorse Star Interview with McConnell

RE:Whitehorse Star Interview with McConnell

We got 41'500.

We have to consider from now on
"a reduction in seasonality as a result of year-round ore stacking on the heap leach pad, a more even distribution of planned maintenance throughout the year and a growing heap leach pad which moderates quarter over quarter gold production."

Based on this number, we can expect 48-50K for 4Q which should bring the 2023 prod close to 175K.

Again, their comments are quite minimalist : "
The quarter-over-quarter decrease in grade is due to mine sequencing" : what does it mean exactly : should we expect lower grade in the future, is it specific to the 3rd quarter due to the 2w evacuation.

At current depresses prices, I hope the market won't look only at the prod decrease quarter-over-quarter (expected) but to the potential full year production on track to be in the medium/high ragne of the guidance even after the lost time due to the evacuation.

 

 

 

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