Victoria Gold Corp. (TSE:VGCX) has released an update.
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Victoria Gold Corp. reported first quarter 2024 results, with gold production at 29,580 ounces and a net loss of C$8.971 million, despite an average realized gold price of C$2,724 per ounce. The company still achieved a positive free cash flow before and after working capital adjustments and anticipates improved production and financials for the rest of the year. Total debt saw a reduction, and cash and cash equivalents stood at C$28.5 million by the end of March 2024.
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