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History & MissionHistory of Virginia Gold Mines and Virginia Mines
Mission (strategy)Focus on QuebecVirginia concentrates its exploration activities exclusively on Quebec’s territories with tremendous mineral potential. Over the past three years the Fraser Institute has recognized Quebec as being one of the best mining exploration territories in North America. PartnershipsThe numerous partnerships that Virginia has developed through the years, including multiple major and junior partners, have enabled the company to minimize the risks associated with exploration. Virginia's best agreement was undoubtedly the discovery and the development of the Eleonore deposit and its subsequent acquisition by Goldcorp for an estimated cost of CA$500M. DiversificationVirginia is always on the lookout for new projects. Area research is constantly being adapted to adjust to the changing demand of the market place for different metals. Two thirds of Virginia’s portfolio remains dedicated to gold, while one third is allocated to base metals. ExpertiseThe combination of these above factors over the years has made Virginia a company with enviable expertise. Virginia’s team has also built up an excellent reputation in the industry, and is recognized as being one of the best mining exploration teams in Canada. Virginia has earned several awards in Quebec and Canada that underline this expertise and its contribution to the geoscientific knowledge of northern Quebec. Financial Strength & Long Term PresenceNumerous partners assure adequate financing for many projects and Virginia understands the importance of establishing a long-term presence on a territory. Virginia’s excellent financial situation enables the company to obtain additional financing and also allows the company to continuously develop new high-potential projects, which in turn increases the possibility of discoveries. Virginia's success in Quebec wouldn't have been possible without perseverance and years of effort. Virginia is following an exploration strategy and a financial structure that guarantees the longevity of exploration activities while still remaining a leader in Quebec. In order to optimize the chances of a discovery and the talents of its personnel, Virginia’s exploration team is continually present in the field throughout the year. Relations with Local CommunitiesActing with integrity, honesty and good faith is in the best interests of Virginia’s shareholders. This also helps to maintain the excellent reputation of the company and ensures long-term success. Virginia prescribes a code of professional ethics that outlines policies related to its operations, with the objective of supporting, informing and respecting the communities living on the land.
Cautionary Note to U.S Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (and in our press releases), such as “measured,” “indicated,” and “inferred” “resources,” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our latest Annual Report on Form 40F, No. 000-29880, which may be secured from us, or from the SEC’s website at http://www.sec.gov/edgar.shtml This website may also contain information about adjacent properties or other properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
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