VIT:TSX.V

Victoria Gold Corp.

Victoria Gold Corp. is a leading gold exploration and development company. Its Eagle gold project in the Yukon hosts an NI-43-101-compliant reserve of 2.3 Moz gold. The Eagle gold project is shovel-ready and will produce 200+ Koz/year gold at an operation cost of approximately $600/oz. The project is permitted for construction. As the market turns around, Victoria's shareholders are well positioned to participate in a highly leveraged gold play and the construction of the largest gold mine in Yukon history.
VIT:TSX.V

Expert Comments:

Cormark Securities (4/11/16)
"We are raising our target price for Victoria Gold Corp. to CA$0.50 from CA$0.35."

Don Blyth, Paradigm Capital (4/11/16)
"Victoria Gold Corp. announced that it has engaged JDS Energy and Mining to lead the Eagle Feasibility Study update. . .the current FS for Eagle is based on inputs from Q4/11. There have been material changes in the macro-environment, including a weaker Canadian dollar, lower fuel costs, lower equipment costs and an improved labor environment. . .the Eagle project is shovel-ready, and the economics appear sufficiently robust to proceed. . .this is an asset that should attract investment and/or a larger company acquisition. . .we reiterate our Speculative Buy rating and raise our target price to $0.45 (was $0.30)."

Tom Hayes, Edison Investment Research (4/7/16)
"Victoria Gold Corp. has appointed consultants and project engineers to update its 2012 Eagle feasibility study (FS); the results are due to be included in a new FS, expected Q3/16. . .both the FS update and drill programs are fully funded. . .Victoria Gold has decided to manage its cash resources and bolster project economics through adding higher-grade satellite ore deposits situated within 5km of the planned Eagle mine site—close enough to easily truck ore to heap leach pads. . .the company anticipates the main driver for value growth at Eagle will be through adding satellite pits at Shamrock and Olive."

Don Blyth, Paradigm Capital (2/26/16)
"Victoria Gold Corp.'s Eagle project, in our opinion, is an attractive asset. It is a fully permitted gold project with First Nations support, located in Canada, with a feasibility study outlining a heap-leach operation capable of producing ~200 Koz Au annually at a low all-in-sustaining cost. . .the sector is showing signs of life, and we view Victoria's Eagle project as one that should be among the early movers."

Richard Gray, Cormark Securities (2/25/16)
"Victoria Gold Corp. has quietly moved its Eagle project in the Yukon to the shovel-ready stage after receiving the last required permit for construction in December. . .as one of the very few shovel-ready projects in Canada that can allow a larger company to benefit from the tax synergies of a Canadian development project, we believe a takeover is still a realistic possibility. . .the company is an ideal opportunity for risk tolerant, long-term gold investors looking for a derisked gold developer with assets located in Canada; we maintain our Buy (S) rating."

Tom Hayes, Edison Investment Research (2/24/16)
"If Shamrock and Olive are found to join and there is a positive metallurgical testing and resource estimate, Victoria Gold Corp. will have been successful in delineating an orebody with a strike length of ~1km. This could produce a materially sized ore reserve to supplement Eagle's economics. . .previous metallurgical test work on Olive supports it being a suitable ore feed for the future Eagle processing plant and the company will look to replicate the results at Shamrock."

More Expert Comments

Experts Following This Company

Don Blyth, Analyst – Paradigm Capital
Richard Gray, Analyst – Cormark Securities
Timothy Hayes – Davenport & Co.
Tom Hayes, Analyst – Edison Investment Research
Thibaut Lepouttre, Editor Caesars Report
Douglass Loud, Executive Director – Greystone Asset Management, LLC., Axiom Capital
Adam Melnyk – Desjardins Securities
Jeffrey Mosseri, President, Director – Axiom Capital
Darrell Pasloski, Minister of Finance – Yukon Mining Alliance
Philip Richards, Fund Manager – RAB Capital Limited
Florian Siegfried, Senior Portfolio Manager – AgaNola

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Permitted, shovel ready, economically robust project
 
High leverage to increasing gold price
 
Cash in treasury
 
Yukon is a mining friendly jurisdiction
 
Blue Sky Potential
 
Experienced Management Team