/biz/ - Business & Finance

Anyone been following Victoria Gold? heap leach producer in the Yukon. Average grade over LOM is 0.65 g/t. First two years they have been running high grade at 0.85 g/t with a strip of only 1.6. They should be absolutely printing money with those stats but they are not making much, AISC far above $1000. They were also meant to be producing 250koz/y but are only doing 150-160koz. Are they just incompetent or what?
They have been pretty highly valued considering how they are doing. Which is probably why a transaction didn't take place last year when there were talks about it. Feel like Kinross could make this one into a money printer if they had it. They are making money at 0.3 g/t at their Fort Knox mine in Alaska.

I've also been looking at Banyan Gold which have a similar deposit they are drilling out nearby, but how poorly the Victoria mine has been pulled off it kinda turns me off it.