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 > Gold at $2305

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Comment by Greatdaysaheadon Apr 03, 2024 1:14pm

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Post# 35968093

RE:Gold at $2305

Maybe a good time to sell forward another 5%-10% of the production (forward price @ 4months = 2331 @9months = 2380.

They have already 20-25% of the production sold fwd at 2080 if I recall correctly.

I think the average hedging in the industry should be around 20%. I am not a big fan of higher hedging % but could be wise to secure the debt repayment.

Another solution would be to buy PUT: you are insured against any drop below the strike and keep the upside potential. But you have to pay for that.

Not sure what I would do if I was in the driven seat. Easier afterwards to know what was the best decision.

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