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Victoria Gold's Q3 Net Income Rises Year over Year

MT Newswires ·  {{timeTz}}

07:27 AM EST, 11/12/2021 (MT Newswires) -- Victoria Gold Corp. (VGCX.TO) said Friday that it made a third-quarter net income of $31.6 million, or $0.48 per share, up from $20.3 million, or $0.31 per share, reported a year ago.

The company, which gained 2.3% yesterday, said revenue climbed to $119.5 million from $80.5 million thanks to higher gold sales.

Victoria Gold booked a 58% year-on-year increase in gold production to 55,827 ounces due to the increase in ore mined and stacked along with higher ore grades.

The company anticipates its full-year 2021 production to hit the lower end of its guidance range of 180,000 to 200,000 ounces.

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