Revisiting Victoria Gold As It Ramps Up To Commercial Production
When I woke up this morning and flipped on my phone the first thing I received was this picture of 1,000 ounce gold bars produced at Victoria Gold’s Eagle Gold Mine in Canada’s Yukon Territory.
What is 210,000 ounces per year of gold production worth at a ~US$800 all-in sustaining cost? That’s a nearly $1,000 per ounce margin at today’s gold price. My guess is a lot more than the current market cap of roughly C$500 million. I still view VGCX as a probable double from current levels over the next 12 months.
Disclosure: I own VGCX.TO shares and Victoria Gold is an Energy & Gold sponsor.
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