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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 > VGCX 2021 Q3 Production 55,827 Ounces
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Comment by givemeabreak1on Mar 04, 2024 10:23pm
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Post# 35914895

RE:RE:RE:RE:RE:RE:RE:VGCX 2021 Q3 Production 55,827 Ounces

RE:RE:RE:RE:RE:RE:RE:VGCX 2021 Q3 Production 55,827 OuncesHB 
You are correct as to the idea of paying debt however, it can be problematic in the mining industry.
1.  Depends on what interest rate your debt is set at not different than a mortgage if you have a below market rate paying debt is not always the smart thing to do.
2.  In mining never fails problems occurr you do not want to be negotiating debt at much higher rates!  Nor do you want to be going hat in hand to banksters if you need the money as they will take a pound of flesh!
3.  If they plan on developing Raven the money would be best spent on early construction phases as financings will be dilutive and new debt would likely cost much more.
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