- Victoria Gold announced its preliminary Q4 results this week with gold production of 42,400~ ounces in Q4.
- This translated to a massive miss on initial H2 operating guidance, with H2 gold production coming in 16% below estimates.
- Fortunately, the company is working to optimize operations, so we should see production closer to 200,000 ounces for FY2021 if they are successful in turning things around.
- I continue to believe that any pullbacks below C$11.00 will be low-risk buying opportunities, which would bake in a margin of safety given the sub-par start to commercial production.
For further details see:
Victoria Gold: Valuation Improving After The Drop