Financial Information

Symbol

TSX -VGQ

 

 

NEW US Symbol

Pink Sheets - VGMNF

Capital Stock

Shares Outstanding

29,794,392 as of January 15, 2010

Fully diluted

31,456,577 as of December 31 2010

Debt

No Debt

  

Working Capital

$43 M as of November 30, 2009

 


Éléonore Royalty 2.0 - 3.5%

Advanced Royalties payment $100,000US / month since April 1, 2009

 

Royalty % / Total Ounces Produced from the Property

Royalty %

Ounces Produced from the Property

2.0%

on the first 3 million oz

+ 0.25%

for every additional million ounces of gold produced for a maximum of 3.5%

 

 Royalty Percentage / Price of Gold

Sensitivity

Price of gold US$

-10%

if price of gold less or equal to $350 / oz

-5%

if price of gold greater than $350 / oz but less or equal to $400 / oz

-

if price of gold greater than $400 / oz but less or equal to $450 / oz

+5%

if price of gold greater than $450 / oz but less or equal to $500 / oz

+10%

if price of gold greater than $500 / oz

For instance, after the first 4 million ounces, Virginia would receive, for each additional ounce of gold produced at an implied price of US $500 per ounce, a 2.75% royalty (using the following method of calculation: (2% + 0.25% + 0.25%) x 110% equal 2.75%.
Note that at no time can the royalty exceed 3.5%


Other Royalties

  • Stabell (Gold) Alexandria Minerals 2% +
  • Dubuisson (Gold) Northern Star Mining 2%
  • Malartic (Gold) Northern Star Mining 2%
  • Apple (Uranium) Strateco 2%
  • Lac Dufault (Base Metals) Breakwater 2%
  • Sagar (Uranium, Gold) Uranium Star 1.5%
  • Uranium North (Uranium) Rukwa Uranium 1%
  • Duncan (Ore) Augyva $0.40 /t ore
  • Tantale Erlandson Commerce Resources 1 %
  • Dieppe (Gold) Agnico-Eagle $1 m > 1 m oz


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