reports
BTV Celebrates 350th Episode Features Rising Stars in the Market
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - After 22 years on the air, BTV-Business Television is proud to be the longest running business program in Canada and thrilled to celebrate its 350th episode. On national TV Sat. July 25 & Sun. July 26, 2020 - features companies in mining, retail cannabis and PPE products sure to pique investors' interest. Discover Companies to Invest In Click company name to watch their TV feature: (TSX: GAU) (NYSE: GAU) - BTV learns how this precious metals producer was able to transform its balance sheet in Q1 to just under $54 million and n...
CORRECTION – Victoria Gold Corp. Announces C$30 Million Bought Deal ...
CORRECTION – Victoria Gold Corp. Announces C$30 Million Bought Deal Financing Not for distribution to U.S. news wire services or dissemination in the United States TORONTO, March 12, 2019 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX.V-VIT) (Victoria or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis, a combination of common shares (the “Common Shares”) and flow-through common shares (the “Flow-Through Common Shares” and together wit...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Tom Hayes
Eagle: A very robust, large, low-cost gold project
Victoria Gold (VIT) has released an updated feasibility study (FS) for the Eagle Gold Project in the Yukon, which includes run-of-mine ore from Eagle, higher-grade Olive ore, and accounts for the lower mine construction costs in Canada and the current prices for materials and process reagents. These new inputs have positively influenced operating costs (C1 estimated at US$539/oz, AISC at US$638/oz) and shortened construction from two years to one, while maintaining environmental standards. Furth...
Update: Drilling underway, consultants appointed
Victoria Gold has appointed consultants and project engineers to update its 2012 Eagle feasibility study (FS). The results are due to be included in a new FS, expected during Q316. The update will also include new drilling results being completed over the potential satellite ore feed deposits of Shamrock and Olive, both situated within 5km of the future Eagle plant. This 8,000m drill programme will run to mid-/end-June. Both the FS update and drill programmes are fully funded.
Update: Defining Shamrock and Olive to enhance Eagle
In April 2016 Victoria Gold will initiate an exploration and resource definition programme over its Shamrock-Olive target area, 2km from the proposed Eagle mine. On completion, the company will have a far greater understanding of how the Shamrock-Olive area could complement and enhance Eagle’s economics, which will be published in an updated feasibility study (FS) by year end. Victoria Gold completed a C$3.6m flow-through share financing in December; funds will be used to complete the upcoming...
Update: Eagle receives its final permit
Victoria Gold (VIT) has received the final (water) permit it requires to develop the Eagle Gold Project into a working mine, after a considerable two years of work for the company. Eagle is a shovel-ready, fully permitted, pre-financed gold project (ie all permits received with First Nation support in place), which has robust economics at current (and lower) gold prices. VIT is to complete further satellite deposit drilling with the aim of delineating new resources that will then refine Eagle’...
Update: Olive met results support heap leaching
Metallurgical test results for the Olive satellite (to Eagle) deposit back up initial test results published in February and support Olive as a worthwhile potential higher-grade ore feed to the future Eagle processing plant. Additional testing at the Shamrock deposit is also anticipated, with early indications of potentially greater gold recoveries. Victoria Gold (VIT) had C$14.8m in cash at end February 2015 which, at current cash burn rates, should last well beyond end CY17.
Update: Olive met results positive, forex effects more so
Metallurgical test results on Olive material demonstrate the project’s viability as a satellite ore feed at increased gold grades and favourable gold recoveries, thereby enhancing Eagle’s value. Of more significance to our base case valuation, however, is the recent crash in the value of the Canadian dollar, which has a materially positive effect on our valuation.
Initiation: Eagle enhanced by Olive
Victoria Gold looks to develop its wholly owned Eagle Gold Project, in the Yukon, Canada. With permitting in place and a feasibility study completed, the next step is to finance the required C$430m to develop the mine. Eagle has a currently defined 10-year LOM heap leach project, starting in early CY18 (under our assumptions), producing an average of 195kozpa (after ramp up). Our undiluted base case valuation is C$0.63/share (at a 10% discount rate and Edison assumed gold prices), potentially in...
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