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Symbol Data
Symbol
Currency
CVE:VLC
CAD
OTCMKTS:VLCJF
USD
Description
Velocity Minerals Ltd are a gold focused junior, late stage developer with one mine in development in Bulgaria and exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$28.64M which is a fall of roughly 3% over the last one weeks. As of 09/08/2025 they have ~C$1M debt and ~C$1.03M cash. They have 197M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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General Details
Financial
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$29.39M
$28.64M
09/08/2025
$-0.74M
MCap (OS):
$26.41M
$25.74M
09/08/2025
$-0.67M
Total Assets:
$20.82M
$20.86M
09/08/2025
$0.04M
Total Liabilities:
$0.90M
$0.90M
09/08/2025
$0.00M
Current Assets:
$1.14M
$1.15M
09/08/2025
$0.00M
Current Liabilities:
$0.88M
$0.88M
09/08/2025
$0.00M
Total Debt:
$0.65M
$0.65M
09/08/2025
$0.00M
Cash:
$1.02M
$1.03M
09/08/2025
$0.00M
Debt (Net):
$-0.37M
$-0.37M
$0.00M
Enterprise Value:
$29.01M
$28.27M
11/23/1970
$-0.74M
Cash Flow:
$0.00M
$0.00M
never
$0.00M
Cash Flow Multiple:
0.00
0.00
never
0.00
Net Debt to Cash Flow Ratio:
n/a
n/a
never
0.00
Finance within 1 year:
Yes
Yes
09/08/2025
n/a
Misc
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
197,219,595
197,219,595
09/08/2025
0
Shares (FD):
219,446,857
219,446,857
09/08/2025
0
Insider Ownership:
45%
45%
09/08/2025
n/a
Dividend (Annual):
n/a
n/a
09/08/2025
n/a
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Group:
Developer
Developer
never
n/a
Production ETA:
n/a
10/01/2025
09/08/2025
n/a
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
09/08/2025
0
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
09/08/2025
0
Development Phase:
PFS Released
PFS Released
09/08/2025
n/a
Optionality Play:
none
No
F U T U R E
% of Spot:
5Developer: Early Development
5Developer: Early Development
09/08/2025
0
Cash Flow Multiple:
2
2
09/08/2025
0.00
Resource Data
GOLD
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
0.45M
0.45M
09/08/2025
0.00M
Measured & Indicated:
0.50M
0.50M
09/08/2025
0.00M
Inferred:
0.25M
0.25M
09/08/2025
0.00M
Reserves & Resources:
0.75M
0.75M
never
0.00M
P L A U S I B L E
Proven & Probable:
0.36M
0.36M
09/08/2025
0.00M
Measured & Indicated:
0.39M
0.39M
09/08/2025
0.00M
Inferred:
0.10M
0.10M
09/08/2025
0.00M
Reserves & Resources:
0.49M
0.49M
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
09/08/2025
$0.00
Extra Operating Cost:
n/a
n/a
09/08/2025
$0.00
Total:
$1,500
$1,500
09/08/2025
$0.00
Margin (Free Cash Flow):
n/a
$0.00
MCap / Production (AuEq):
n/a
n/a
n/a
EV / Production (AuEq):
n/a
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
09/08/2025
n/a
Open Pit (Avg):
n/a
0.60 g/t
09/08/2025
0.60 g/t
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
09/08/2025
0.00%
F U T U R E
Proven & Probable:
0.80M
0.80M
09/08/2025
0.00M
Annual Production:
60,000oz.
60,000oz.
09/08/2025
0oz.
Cash Cost:
$1,000
$1,000
09/08/2025
$0
Extra Operating Cost:
$500
$500
09/08/2025
$0
SILVER
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
09/08/2025
0.00M
Measured & Indicated:
n/a
n/a
09/08/2025
0.00M
Inferred:
n/a
n/a
09/08/2025
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
09/08/2025
0.00M
Measured & Indicated:
n/a
n/a
09/08/2025
0.00M
Inferred:
n/a
n/a
09/08/2025
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
09/08/2025
$0.00
Extra Operating Cost:
n/a
n/a
09/08/2025
$0.00
Total:
n/a
n/a
09/08/2025
$0.00
Margin (Free Cash Flow):
n/a
$0.00
MCap / Production (AgEq):
n/a
n/a
n/a
EV / Production (AgEq):
n/a
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
09/08/2025
n/a
Open Pit (Avg):
n/a
n/a
09/08/2025
n/a
Recovery Rate:
n/a
n/a
09/08/2025
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
09/08/2025
0.00M
Annual Production:
n/a
n/a
09/08/2025
n/a
Cash Cost:
n/a
n/a
09/08/2025
n/a
Extra Operating Cost:
n/a
n/a
09/08/2025
n/a
Property
Last Analysis Data (09/08/2025)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Rozino
Eastern Europe
70 (guess)
Open Pit
123.00
20.00
90.00
show
(Rozino is in the Tintyava property, 70% held by the company)
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production Size: 16,000 ha
Exp
Dangovo
100 (guess)
n/a
n/a
Exp
Iglika
Eastern Europe
25 (guess)
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exp
Kalabak
75 (guess)
n/a
show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exp
Makedontsi
Bulgaria
70 (guess)
Open Pit
show
300,000 oz open pit.
Exp
Momchil
70 (guess)
n/a
n/a
Exp
Obichnik
Eastern Europe
70 (guess)
n/a
show
100,000 oz open pit.
Exp
Zlatusha
75 (guess)
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling Size: 19,500 ha
Exp
Miriofito Copper-Gold
100 (guess)
n/a
n/a
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Rozino
Eastern Europe
70 (guess)
Open Pit
123.00
20.00
90.00
show
(Rozino is in the Tintyava property, 70% held by the company)
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production Size: 16,000 ha
Exp
Dangovo
100 (guess)
n/a
n/a
Exp
Iglika
Eastern Europe
25 (guess)
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exp
Kalabak
75 (guess)
n/a
show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exp
Makedontsi
Bulgaria
70 (guess)
Open Pit
show
300,000 oz open pit.
Exp
Momchil
70 (guess)
n/a
n/a
Exp
Obichnik
Eastern Europe
70 (guess)
n/a
show
100,000 oz open pit.
Exp
Zlatusha
75 (guess)
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling Size: 19,500 ha
Exp
Miriofito Copper-Gold
100 (guess)
n/a
n/a
Profitability (by resource)
Proven & Probable
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
0.45M
0.45M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-0.07M
P L A U S I B L E
Gold Eq. Oz.:
0.36M
0.36M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-0.05M
Maximum Profit (Gold):
$768.88M
$769.85M
n/a
$0.97M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$768.88M
$769.85M
n/a
$0.97M
Max Profit / Current MCap:
26.165
26.878
n/a
0.713
Max Profit Per Share (Gold):
$3.50
$3.51
n/a
$0.00
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$3.50
$3.51
n/a
$0.00
Total Free Profit Per Share:
$3.32
$3.33
n/a
$0.01
FD MCap / Gold Eq.:
$81.63
$79.56
n/a
$-2.06
FD MCap / Silver Eq.:
$0.93
$0.90
n/a
$-0.02
FD MCap / Per Metal as % Spot Price:
2.25%
2.19%
n/a
-0.06%
EV / Gold Eq.:
$80.59
$78.52
n/a
$-2.07
EV / Silver Eq.:
$0.92
$0.89
n/a
$-0.02
EV / Per Metal as % Spot Price:
2.22%
2.16%
n/a
-0.06%
Measured & Indicated
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
0.50M
0.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-0.07M
P L A U S I B L E
Gold Eq. Oz.:
0.39M
0.39M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-0.06M
Maximum Profit (Gold):
$837.23M
$838.28M
n/a
$1.05M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$837.23M
$838.28M
n/a
$1.05M
Max Profit / Current MCap:
28.491
29.267
n/a
0.776
Max Profit Per Share (Gold):
$3.82
$3.82
n/a
$0.00
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$3.82
$3.82
n/a
$0.00
Total Free Profit Per Share:
$3.63
$3.64
n/a
$0.01
FD MCap / Gold Eq.:
$74.96
$73.07
n/a
$-1.90
FD MCap / Silver Eq.:
$0.85
$0.83
n/a
$-0.02
FD MCap / Per Metal as % Spot Price:
2.06%
2.01%
n/a
-0.05%
EV / Gold Eq.:
$74.01
$72.11
n/a
$-1.90
EV / Silver Eq.:
$0.84
$0.82
n/a
$-0.02
EV / Per Metal as % Spot Price:
2.04%
1.98%
n/a
-0.05%
Reserves & Resources
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
0.75M
0.75M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-0.11M
P L A U S I B L E
Gold Eq. Oz.:
0.49M
0.49M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-0.07M
Maximum Profit (Gold):
$1,050.81M
$1,052.13M
n/a
$1.32M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$1,050.81M
$1,052.13M
n/a
$1.32M
Max Profit / Current MCap:
35.759
36.733
n/a
0.974
Max Profit Per Share (Gold):
$4.79
$4.79
n/a
$0.01
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$4.79
$4.79
n/a
$0.01
Total Free Profit Per Share:
$4.60
$4.61
n/a
$0.01
FD MCap / Gold Eq.:
$59.73
$58.22
n/a
$-1.51
FD MCap / Silver Eq.:
$0.68
$0.66
n/a
$-0.02
FD MCap / Per Metal as % Spot Price:
1.64%
1.60%
n/a
-0.04%
EV / Gold Eq.:
$58.97
$57.46
n/a
$-1.51
EV / Silver Eq.:
$0.67
$0.65
n/a
$-0.02
EV / Per Metal as % Spot Price:
1.62%
1.58%
n/a
-0.04%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
09/08/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
CAD 0.7238
CAD 0.7251
09/18/2025
Spot Gold:
$3,635.79
$3,638.48
09/18/2025
$2.69
Spot Silver:
$41.28
$41.38
09/18/2025
$0.10
Gold:Silver Ratio:
88.08
87.93
09/18/2025
-0.15
Spot Gold (Future):
$5,000.00
$5,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
50.00
50.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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