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Bullboard - Stock Discussion Forum Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

Banyan Gold Corp. is a Canada-based company, which is engaged in the business of exploration and development of mineral property. The Company holds three main projects in the mining friendly Yukon Territory: AurMac Project, Nitra Claims and Hyland Gold Project. The Company’s flagship asset is AurMac Gold Project located in the Mayo Mining District. It has earned a 51% and 75% interest in and... see more

TSXV:BYN - Post Discussion

Banyan Gold Corp > Lots of power to buy Banyan in the future
View:
Post by iluv2buyem on Mar 24, 2021 4:07pm

Lots of power to buy Banyan in the future

Or will we hav a bidding war ? Either way , or should we go the production route , Banyan Gold has a terrific future . Thanks Tara Christie and Team .
We hav not sold our 5 cent cheapies nor will we . Point being we bot more !

Victoria Gold boosts net income fivefold in Q4 2020

Kitco News

(Kitco News) - Victoria Gold (TSX-VGCX) announced that gold production from the company’s Eagle mine in Yukon was 42,436 ounces in the Q4 2020. Gold production for the full-year 2020 was 116,644 ounces.

Gold sales were 40,023 ounces at an average realized price of US$1,883/oz during the fourth quarter and 72,052 ounces at an average realized price of US$1,882/oz, over the inaugural two quarters of commercial production (all amounts are in Canadian dollars unless otherwise indicated).

Recognized revenue was $98.2 million based on sales of 40,023 ounces of gold in the fourth quarter. Recognized annual revenue since declaring commercial production was $178.7 million based on sales of 72,052 ounces of gold.

Operating earnings were $39.8 million for the fourth quarter. Annual operating earnings were $66.9 million. Free cash flow was $20.6 million or $0.33 per share in the fourth quarter. Free cash flow was $48.0 million or $0.78 per share for the 6 months period since achieving commercial production.

All-in sustaining costs were US$1,206 over the second half of 2020, which was below the mid-point of guidance.

The company reported income of $54.9 million for Q4 2020, compared to income of $10.1 million for the previous year’s comparable period.

Gold production at the Eagle gold mine for 2021 is estimated to be between 180,000 to 200,000 ounces.

Victoria Gold's 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo.

The property covers an area of approximately 555 square kilometers and is the site of the company's Eagle and Olive gold deposits. The Eagle gold mine is Yukon's newest operating gold mine.

Comment by Greatdaysahead on Mar 25, 2021 9:45am
I do not believe the production route is a possibility. Tara said it clearly.. Banyan is an exploration company with no vocation to become a producer. Some bids yesterday and todays. Seems we are heading North again. Let's enjoy 2021 busy exploration program !
Comment by iluv2buyem on Mar 25, 2021 10:46am
GDA , Tara has been plain in her speech . She has pointed out that if the consequence of production is better for sh ' s she is willing to build a mine to production . I believe we will c a buyout , just wanted to point out the incorrectness of ur statement . Best to all here . BYN is severely undervalued with a M / C of 35 MM with a R / E of 1 . 3 MM oz 's . GDA - Tara said it clearly.. ...more  
Comment by Greatdaysahead on Mar 25, 2021 11:10am
Yes, she will take decisions in the best interest of the shareholders. I was too absolute in my sentence indeed. I added below 0.2. 4-5 times higher than my initial buys... I am beating we will test the previous high in 2021.
Comment by iluv2buyem on Mar 25, 2021 1:46pm
No worries GDA . As your moniker says it all , I will only add , best you and all longs !
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