VITFF - Victoria Gold: Gearing Up For A Strong Second Half
- Victoria Gold released its preliminary Q2 results last week, reporting quarterly gold production of ~32,100 ounces, a 12% increase from the year-ago period.
- With H1 production sitting at ~58,900 ounces, Victoria has its work cut out for it to meet its FY2021 guidance target, with ~131,000 ounces needed just to meet the mid-point.
- While Victoria is one of the better stories in the mid-tier producer space and remains reasonably valued, I continue to see better value elsewhere in the sector.
- So, while I would view dips below US$10.60 as low-risk buying opportunities, I don't see any reason to chase the stock here at US$14.50.
For further details see:
Victoria Gold: Gearing Up For A Strong Second Half