VITFF - Victoria Gold: Margins Soar In Q3 With Record Gold Sales
- Victoria Gold released its Q3 results last week, reporting quarterly gold production of ~55,800 ounces at all-in sustaining costs of US$961/oz.
- This represented a significant decline in costs from the operational hiccups in the year-ago period as the mine began commercial production.
- However, the exceptional results were partially overshadowed by an admission that inflationary pressures are very real at Eagle, and employee turnover is high.
- Given Victoria's bright future, with a goal of much higher annual production than implied in its mine plan if it can deliver on Project 250, I would view pullbacks below US$11.70 as low-risk buying opportunities.
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Victoria Gold: Margins Soar In Q3 With Record Gold Sales