VITFF - Victoria Gold GAAP EPS of C$0.02 revenue of C$96.55M

May, 12 2023 01:53 AM Victoria Gold Corp Ord

2023-05-12 01:53:18 ET

Victoria Gold press release ( OTCPK:VITFF ): Q1 GAAP EPS of C$0.02.
Revenue of C$96.55M (+62.4% Y/Y) based on sales of 38,201 oz of gold in the quarter.
Cash costs were C$1,508 ($1,115) per oz of gold sold in the quarter.
All-in sustaining costs were C$1,921 ($1,420) per oz of gold sold in the quarter.
EBITDA were C$26.4 million in the quarter, or C$0.41 per share in the quarter.
Free cash flow deficiency was C$15.1 million, or C$0.23 per share in the quarter.
Cash and cash equivalents were C$23.6 million at March 31, 2023 after net draw of C$11.3 million against the Company’s debt facilities for the year.
Mine production was 2.2 million tonnes of ore in the quarter.
Ore stacked on the heap leach facility in the quarter was 2.1 million t at an average grade of 0.86 grams per tonne.
Gold production was 37,619 ounces in the quarter.

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