Victoria Gold: 2023 Third Quarter Results

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Overig advies 10/11/2023 07:14
TORONTO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) provides its third quarter 2023 summary financial and operating results.

Third Quarter 2023 Highlights
Gold produced 41,561 ounces
Average gold price realized C$ 2,583
Revenue (000s) C$ 105,127
Gross Profit (000s) C$ 19,899
Income before taxes (000s) C$ 10,465
Net Income (000s) C$ 5,631
Earnings per share – Basic C$ 0.08
EBITDA (000s) C$ 34,637
Free Cash Flow before working capital (000’s) C$ 18,245
Free Cash Flow after working capital (000’s) C$ 25,235
Mr. John McConnell, President and CEO noted, “The Eagle mine was able to produce approximately 125,000 ozs through the first 9 months of 2023. We continue to expect to achieve both 2023 production and cost guidance.” Mr. McConnell continued, “The mine also generated significant earnings, EBITDA and free cash flow which was used to repay debt.”

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