VITFF - Victoria Gold reports Q4 earnings; initiates FY23 outlook
- Victoria Gold press release ( OTCPK:VITFF ): Q4 GAAP EPS of C$0.16.
- Revenue of C$92.3M (-16.5% Y/Y), based on sales of 40,573 oz of gold in the quarter.
- Gold sold in the quarter was 40,573 oz, at an average realized price of $2,278 (US$1,678) per oz.
- EBITDA were C$35.2M in the quarter.
- Free cash flow deficiency was C$9.2M, or $0.14 per share in the quarter.
- Actual 2022 gold production was 150,182 ozs while AISC were US1,441 per oz of gold sold for the year.
- Outlook: Production at the Eagle Gold Mine for 2023 is estimated to be between 160,000 and 180,000 ounces.
- AISC for 2023 are expected to be between US$1,350 and US$1,550 per oz of gold sold.
- Sustaining capital, not including waste stripping, is estimated at C$30 million (US$23 million) for 2023.
- Capitalized waste stripping is estimated at C$50 million (US$38 million).
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Victoria Gold reports Q4 earnings; initiates FY23 outlook