VITFF - Victoria Gold: On Track For A Record Quarter In Q3

• Victoria Gold released its July and August production results last week, reporting quarter-to-date production of ~35,500 ounces.
• This figure has already surpassed Q3 2020 production results with one month left to go, with Q3 setting up to be a record quarter.
• However, while production has soared year over year, Victoria still looks set up to miss its guidance midpoint, unless it can produce over 70,000 ounces in Q4.
• At a current enterprise value of ~$1.0 billion, Victoria trades at a very reasonable valuation relative to peers, especially if it can deliver on Project 250k successfully.

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