Victoria Gold Corp VITFF

Question: what happened to that casino gamble.....

[ernesto47]

to protect about 40% of the gold production, all done in the futures and options market?
For quite some time our CEO is neglecting some infos about that matter. As we lost now about
350$ of the top price for gold, our situation on this hedging adventure should now have improved dramaticaly again and we should be able to sneak out of that mess.
As we only got informed about those messy mistakes on the construction side, it would now also
be the time to get us clean with this bad venture on the financial side!
Has some one here maybe an enlightning idea, where we stand?

[Greatdaysahead]

Maybe you missed the news of the debt refinancing. Current situation at end 2020 is: 100M USD facility @ Libor +3-4% to be repaid quarterly, starting end March 2021 100M USD revolving credit facility - 75M USD used @ Libor +3-4%, to be repaid by end 2023, interests paid quarterly 50M USD CAT Equipment lease facility : 35M USD oustanding @ LIbor +3.5%, repaid quarterly About 40M USD to pay

[MVargas]

Gda, I don't want to be picky, but debt repayments required in 2021 are a bit more than $40M USD. The US$175 debt is to be repaid in 12 equal quarterly payments or 1/3 in 2021 which is equal to US$58.3M.  Per the 2020 Q3 financials, the debt repayment for the Equipment Lease Facility in 2021 is C$12,170,489 or approximately US$9.7 M.  That brings us up to US$67M. Then there is

[Greatdaysahead]

Thanks for your comments. Regarding the debt repayment, I read it a little differently; based on their page 31 Feb presentation: - my 40M are just based on their estimated of quarterly payments for 2021 : USD10M. Maybe they refer only to capital repayment. - the revolving facility hasn't to be repaid quarterly, only interest. Capital due by Ded 2023 But having said that and running the

[MVargas]

It isn't just the Water Treatment Plant that is included in this year's AISC, but the entire $47M of Sustaining Capital which is equal to $247/oz.  (based on 190,000 oz.).  This includes Water Treatment Plant ($11M), Truck Shop ($8M), Call options ($13M) and Interest ($9M - includes interest on Equipment Facility), leaving just $6M of other sustaining costs.  The first 3