Topic: How To Invest

Q: Patrick and associates, can I please get your opinion on Victoria Gold?

Article Excerpt

A: Victoria Gold, $0.39, symbol VIT on Toronto (Shares outstanding: 858.4 million; Market cap: $321.5 million; www.vitgoldcorp.com), continues to build its Eagle gold mine in the Yukon. Construction is now over 95% complete and the mine is scheduled to open later this year. The Eagle project is part of Victoria’s 100%-owned Dublin Gulch gold property, about 375 kilometres north of Whitehorse and about 85 kilometres from the town of Mayo. It’s accessible by road year-round and commercial grid power is available about 45 kilometres from the site. An airstrip suitable for commercial planes lies 80 kilometres to the south of Eagle. The $505 million open-pit mine is set to produce 200,000 ounces of gold per year over an 11-year mine life, as outlined in a 2016 feasibility study. However, the company keeps expanding reserves at the property, and that will likely extend the life of the mine. Victoria Gold is okay to hold, but only for highly aggressive investors. investors…

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