VITFF - Victoria Gold: Strong H2 Needed To Meet Guidance Midpoint
- Victoria Gold released its Q2 2021 results last week, reporting gold sales of ~28,700 ounces, and revenue of C$63.5 million.
- This figure was up slightly on a sequential basis, with margins also improving slightly in the period due to a marginally higher gold price and lower costs.
- While tracking at just 31% of its guidance midpoint, Victoria is forecasting a strong H2, but will struggle to meet its FY2021 guidance midpoint of 190,000 ounces.
- If Victoria can deliver on Project 250, this would represent strong growth, making the stock a solid buy-the-dip candidate at US$10.60 or lower.
For further details see:
Victoria Gold: Strong H2 Needed To Meet Guidance Midpoint