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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... see more

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Victoria Gold Corp > gold hedging

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Post by Greatdaysahead on Jan 14, 2022 3:59am

gold hedging

As John mentions in a Nov. interview that they are using 1700 usd in their projection.
Based on this price, he says they will have repaid all the debt by end 2022.

So it is worth mentionning:
a) that the collar hedge is in the rear mirror now... no more cap/roof price on all production in 2022
b) They have 5000 oz per month put options through March 2022. This is just a protection already paid and accounted.
Maybe they will renew this partial protection and 1700 usd make sense to match their internal price for budget purpose.

REf : min 4.00 - 5.30
https://www.youtube.com/watch?v=oLZm4d0y-M4

page 30:
https://vgcx.com/site/assets/files/6373/vgcx_corporate_presentation_dec_v4-web.pdf

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Comment by OCB1234 on Jan 14, 2022 5:13am

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Comment by Greatdaysahead on Jan 14, 2022 8:53am

Do you know that each time you mention C***R in one of your post, we wil have a full at length explanations about this Company ? ;-) Not sure reading them helps me practice my English !

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Comment by OCB1234 on Jan 14, 2022 8:59am

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Comment by kegman on Jan 14, 2022 10:36am

Well, Kegger hopes he made the right choice. I do not want to hold past next fall. Once new plant is operational on time and within budget all should be great and we trade at $24 right?

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Comment by MVargas on Jan 14, 2022 1:28pm

The Corporate Presentation Slide 9 shows $60 million of debt outstanding at the end of 2022. It also shows bank debt of $160 million at the end of 2021 whereas the actual bank debt was US$ 135 million or about C$170 million. You can't pay off the debt in 2022 and also pay dividends and buyback shares in 2022 as he is suggesting in the interview. Why don't any of these Youtube ...more

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Comment by kegman on Jan 14, 2022 1:55pm

Yes on the questions but they are driven by the company, not a real news outlet. I am betting shorts are down, especially after today. Lot's of US activity. Including a big 400K share cross.

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Comment by Greatdaysahead on Jan 14, 2022 3:17pm

I thinh he meant the following: - by end 2022 the debt will be mostly repaid (he knows a good level of debt is good, even better than no debt if well used) - during 1h2022 they will decide how to allocate the extra cash but does not mean a dividend or shre buyback will begin straight after the decision. - as usual... he wants to please the public with bullish projection and then adjust later to my ...more

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Victoria Gold Corp