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.

Expert Comments:

Adam Melnyk, National Bank Financial (2/1/16)
"We are initiating coverage of Victoria Gold Corp. with an Outperform rating and CA$0.40 target price. . .the Eagle project falls into a very select group of gold development projects: economic at current metal prices, permits in hand and located in a stable political jurisdiction. We think it is only a matter of time before the market recognizes the strategic value of this combination; in other words, Eagle is ready to soar."

"Victoria Gold Corp. is interesting because it has received all the permits for the Eagle project in the Yukon. The company raised a little capital recently to do some drilling, but the management is not going to build the mine now because it's probably impossible to raise the capital, which is north of $300M. Victoria also doesn't want to sell any kind of royalties or get any kind of expensive debt financing now. I think it is doing it the right way. It is very prudent to wait for better times. This is, in the end, why I think it will pay out for shareholders. Many companies are so distressed, they want to build the project and need to get any financial terms they are being offered. Victoria has the cash to keep the lights on for the next two to three years and doesn't want to dilute its shareholders at the low point of the market. I think that kind of management will be reflected in a higher share price going forward." read more >

Thibaut Lepouttre, Caesars Report (1/14/16)
"Victoria Gold Corp. has announced it has secured the final water use license for its Eagle gold project in Canada's Yukon Territory. This was the final piece of the puzzle and the company has now received all necessary permits to build, operate and close its large, open-pit, heap-leach gold mine in Northern Canada, which basically means the Eagle gold project is now turn-key ready, waiting for a financing deal and an improving gold market."

Richard Gray, Cormark Securities (1/11/16)
"Our NAV on Victoria Gold Corp. actually increases to CA$0.55 (from CA$0.45) as the lower gold price is offset by the long overdue modification of our Canadian exchange rate assumption to 0.72 (from 0.80). Our target price, which is now based on 0.7 times NAV (from 0.5 previously to better align with comparable peers) increases to CA$0.35 (from CA$0.25). . .we are maintaining our Buy rating on the company."

Tom Hayes, Edison Investment Research (12/17/15)
"Victoria Gold Corp. has received the final (water) permit it requires to develop the Eagle Gold project into a working mine, after a considerable two years of work for the company. Eagle is a shovel-ready, fully permitted, pre-financed gold project. . .which has robust economics at current and lower gold prices. Victoria is to complete further satellite deposit drilling with the aim of delineating new resources that will then refine Eagle's production profile. The company intends to publish a revised Eagle feasibility study by the end of 2016."

Don Blyth, Paradigm Capital (12/14/15)
"Victoria Gold Corp. recently announced that it has received the final water use license for the Eagle gold project from the Yukon Water Board. This was the last major permit required, allowing for the construction, operation and closure of the company's flagship Eagle gold project. . .it, in our opinion, is an attractive asset."

More Expert Comments

Experts Following This Company

Don Blyth, Analyst – Paradigm Capital
Richard Gray, Analyst – Cormark Securities
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 and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
One of the largest undeveloped gold resources in North America
Eagle Gold is a Shovel Ready gold mine
200,000 ounces gold per year