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Victoria Gold Balance Sheet Health

Financial Health criteria checks 4/6

Victoria Gold has a total shareholder equity of CA$588.9M and total debt of CA$232.6M, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CA$1.0B and CA$446.2M respectively. Victoria Gold's EBIT is CA$53.0M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$39.4M.

Key information

39.5%

Debt to equity ratio

CA$232.56m

Debt

Interest coverage ratio	2.5x
Cash	CA$39.39m
Equity	CA$588.92m
Total liabilities	CA$446.24m
Total assets	CA$1.04b

Recent financial health updates

Recent updates

Returns At Victoria Gold (TSE:VGCX) Are On The Way Up

Apr 16

Victoria Gold Corp.'s (TSE:VGCX) P/E Is Still On The Mark Following 27% Share Price Bounce

Mar 29

We Think Victoria Gold (TSE:VGCX) Is Taking Some Risk With Its Debt

Mar 18

Returns At Victoria Gold (TSE:VGCX) Are On The Way Up

Jan 25

Victoria Gold (TSE:VGCX) Might Have The Makings Of A Multi-Bagger

Sep 04

Earnings Working Against Victoria Gold Corp.'s (TSE:VGCX) Share Price Following 35% Dive

Jul 12

Is Victoria Gold (TSE:VGCX) Using Too Much Debt?

Jun 09

The Trend Of High Returns At Victoria Gold (TSE:VGCX) Has Us Very Interested

May 05

Time To Worry? Analysts Just Downgraded Their Victoria Gold Corp. (TSE:VGCX) Outlook

Apr 16

Victoria Gold (TSE:VGCX) Seems To Use Debt Quite Sensibly

Jan 28

Returns on Capital Paint A Bright Future For Victoria Gold (TSE:VGCX)

Jan 13

Should You Be Adding Victoria Gold (TSE:VGCX) To Your Watchlist Today?

Dec 21

Is Victoria Gold Corp. (TSE:VGCX) Trading At A 49% Discount?

Nov 19

Victoria Gold (TSE:VGCX) Shareholders Will Want The ROCE Trajectory To Continue

Oct 07

Here's Why I Think Victoria Gold (TSE:VGCX) Is An Interesting Stock

Sep 10

Financial Position Analysis

Short Term Liabilities: VGCX's short term assets (CA$277.3M) exceed its short term liabilities (CA$129.2M).

Long Term Liabilities: VGCX's short term assets (CA$277.3M) do not cover its long term liabilities (CA$317.0M).

Debt to Equity History and Analysis

Debt Level: VGCX's net debt to equity ratio (32.8%) is considered satisfactory.

Reducing Debt: VGCX's debt to equity ratio has reduced from 55.4% to 39.5% over the past 5 years.

Debt Coverage: VGCX's debt is well covered by operating cash flow (56.9%).

Interest Coverage: VGCX's interest payments on its debt are not well covered by EBIT (2.5x coverage).

This company listing is no longer active

Victoria Gold Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

We Think Victoria Gold (TSE:VGCX) Is Taking Some Risk With Its Debt

Is Victoria Gold (TSE:VGCX) Using Too Much Debt?

Victoria Gold (TSE:VGCX) Seems To Use Debt Quite Sensibly

Recent updates

Victoria Gold Corp. Announces Resignation of Kim Keating as Non-Executive Director

Victoria Gold Corp. Updates on Eagle Gold Mine

Victoria Gold Corp. Provides Update on Eagle Gold Mine Incident

Sitka Gold Corp. (TSXV:SIG) completed the acquisition of The Clear Creek Property Claims from Victoria Gold Corp. (TSX:VGCX).

Victoria Gold Corp. Suspend its Operations Temporarily

Investor sentiment improves as stock rises 20%

Victoria Gold Corp. Provides Production Guidance for the Year 2024

First quarter 2024 earnings released: CA$0.14 loss per share (vs CA$0.015 profit in 1Q 2023)

Victoria Gold Corp. Elects Susan Flasha as Director

Returns At Victoria Gold (TSE:VGCX) Are On The Way Up

Victoria Gold Corp. Provides Production Guidance for the Year 2024

Investor sentiment improves as stock rises 15%

Victoria Gold Corp.'s (TSE:VGCX) P/E Is Still On The Mark Following 27% Share Price Bounce

Senior Vice President of Exploration exercised options to buy CA$91k worth of stock.

Investor sentiment improves as stock rises 15%

Victoria Gold Corp., Annual General Meeting, May 10, 2024

Price target decreased by 10% to CA$14.21

Full year 2023 earnings: EPS misses analyst expectations

Victoria Gold Corp. Provides Production Guidance for the Year 2024

Independent Director recently bought CA$320k worth of stock

Victoria Gold Corp. Reaffirms Production Guidance for the Year 2023

Victoria Gold Corp. Announces the Final Set of Analytical Results from the 2023 Exploration Campaign at the Raven Deposit

Victoria Gold Corp. (TSX:VGCX) acquired Golden Predator Mining Corp. from Sabre Gold Mines Corp. (TSX:SGLD) for CAD 13.5 million.

Victoria Gold Corp. Provides Update on the Status of Operations at the Eagle Gold Mine in Yukon, Canada

Victoria Gold Corp. Provides Production Guidance for 2023

Victoria Gold Announces Operational Update in the Area of the Eagle Gold Mine

Investor sentiment improves as stock rises 17%

Victoria Gold Corp. Announces Board Appointments

First quarter 2023 earnings released: EPS: CA$0.015 (vs CA$0.26 in 1Q 2022)

Victoria Gold Corp. Provides Production Guidance for the Year 2023

Chief Financial Officer recently sold CA$285k worth of stock

Independent Chairman of the Board recently sold CA$790k worth of stock

Investor sentiment improves as stock rises 15%

We Think Victoria Gold (TSE:VGCX) Is Taking Some Risk With Its Debt

Full year 2022 earnings released: EPS: CA$0.57 (vs CA$1.77 in FY 2021)

Victoria Gold Launches Commemorative Gold and Silver Eagle Gold Mine Medallions

Investor sentiment improves as stock rises 17%

Victoria Gold Corp. Releases Highlighted Results From Raven Proximal Exploration Program

Returns At Victoria Gold (TSE:VGCX) Are On The Way Up

Victoria Gold Corp. Provide Assay Results Received to Date from the 2022 Raven Distal Exploration Program At Dublin Gulch Gold Camp

Victoria Gold Corp. Provides Diamond Drill and Surface Trench Assay Results Received to Date from 2022 Dublin Gulch Exploration Program for Lynx Target

Investor sentiment improved over the past week

Chief Financial Officer exercised options to buy CA$187k worth of stock.

Chief Financial Officer recently sold CA$207k worth of stock

Third quarter 2022 earnings released: EPS: CA$0.51 (vs CA$0.51 in 3Q 2021)

Victoria Gold Corp. Provides Production Guidance for the Year 2022

Victoria Gold Corp. Appoints Timothy Fisch as General Manager for the Eagle Gold Mine

Price target decreased to CA$17.13

Victoria Gold Corp. Provides Production Guidance for the Year 2022

Investor sentiment improved over the past week

Victoria Gold Corp. Announces Maiden Mineral Resource Estimate at Raven

Certification and Hearing to Approve Proposed Settlement of Victoria Gold Corp. Securities Class Action

Victoria Gold Corp. Provides an Update on Its Exploration Drill Program

Victoria Gold (TSE:VGCX) Might Have The Makings Of A Multi-Bagger

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$0.27 (vs CA$0.024 in 2Q 2021)

Price target decreased to CA$19.19

Price target decreased to CA$19.75

Earnings Working Against Victoria Gold Corp.'s (TSE:VGCX) Share Price Following 35% Dive

Investor sentiment deteriorated over the past week

Price target increased to CA$21.63

Palladium One Mining Inc. (TSXV:PDM) agreed to acquire Canalask Nickel-Copper-PGE Project in Yukon, Canada from Victoria Gold Corp. (TSX:VGCX) for CAD 7.2 million.

Palladium One Mining Inc. (TSXV:PDM) agreed to acquire Canalask Nickel-Copper-PGE Project in Yukon, Canada from Victoria Gold Corp. (TSX:VGCX) for CAD 7.2 million.

Is Victoria Gold (TSE:VGCX) Using Too Much Debt?

First quarter 2022 earnings released: EPS: CA$0.26 (vs CA$0.51 in 1Q 2021)

Victoria Gold Corp. Provides Production Guidance for 2022

The Trend Of High Returns At Victoria Gold (TSE:VGCX) Has Us Very Interested

Independent Chairman of the Board exercised options and sold CA$297k worth of stock

Vice President of Technical Services recently sold CA$384k worth of stock

Vice President of Technical Services recently sold CA$384k worth of stock

Chief Financial Officer recently sold CA$438k worth of stock