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home / news releases / VITFF - Victoria Gold: A Strong Finish To FY2020

VITFF - Victoria Gold: A Strong Finish To FY2020

Victoria Gold Corp Ord
  • Victoria Gold released its Q4 and FY2020 results this week, reporting record quarterly gold production of ~42,400 ounces.
  • This translated to more than ~$15 million in free cash flow in Q4 and pushed annual gold production above 116,000 ounces.
  • Looking ahead to FY2021, the company has guided for strong production growth at relatively high costs, but costs should drop materially in FY2022 with two major projects in FY2021.
  • Based on Victoria's reasonable valuation per reserve ounce relative to Tier-1 peers, I would view any pullbacks below US$8.90 as low-risk buying opportunities.

For further details see:

Victoria Gold: A Strong Finish To FY2020
Stock Information
Company Name: Victoria Gold Corp Ord
Stock Symbol: VITFF
Market: OTC
Website: vgcx.com
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