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Lake Victoria Gold

www: lakevictoriagold.com   email: ir@lakevictoriagold.com
Category: Junior: Project Generator
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Symbol Currency
CVE:LVG CAD

Description

Lake Victoria Gold are a junior, project generator looking for gold with two exploration properties in Tanzania. They have a market capitalisation of ~C$48.32M which is a rise of roughly 8% over the last three weeks. As of 02/05/2026 they have ~C$2M debt and ~C$2.88M cash. They have 195M shares outstanding and trade on the Canadian Venture Exchange.

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General Details

Financial 02/05/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $44.93M $48.32M 02/05/2026 $3.39M
MCap (OS): $38.49M $41.39M 02/05/2026 $2.90M
Total Assets: $14.54M $14.56M 02/05/2026 $0.02M
Total Liabilities: $3.23M $3.23M 02/05/2026 $0.00M
Current Assets: $3.22M $3.22M 02/05/2026 $0.00M
Current Liabilities: $2.76M $2.76M 02/05/2026 $0.00M
Total Debt: $2.19M $2.20M 02/05/2026 $0.00M
Cash: $2.88M $2.88M 02/05/2026 $0.00M
Debt (Net): $-0.69M $-0.69M $0.00M
Enterprise Value: $44.24M $47.63M $3.39M
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: 02/05/2026 n/a
Misc 02/05/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 195,058,323 195,058,323 02/05/2026 0
Shares (FD): 227,719,695 227,719,695 02/05/2026 0
Insider Ownership: 43% 43% 02/05/2026 n/a
Dividend (Annual): n/a n/a 02/05/2026 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Explorer Explorer never n/a
Production ETA: n/a n/a 02/05/2026 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/05/2026
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/05/2026
Development Phase: PFS Released PFS Released 02/05/2026 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 2
PG/Explorer: Average Project
 2
PG/Explorer: Average Project
 02/05/2026 0
Cash Flow Multiple: none none 02/05/2026 0.00

Resource Data

GOLD 02/05/2026
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 02/05/2026 0.00M
Measured & Indicated: n/a n/a 02/05/2026 0.00M
Inferred: n/a n/a 02/05/2026 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 02/05/2026 0.00M
Measured & Indicated: n/a n/a 02/05/2026 0.00M
Inferred: n/a n/a 02/05/2026 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 02/05/2026 $0.00
Extra Operating Cost: n/a n/a 02/05/2026 $0.00
Total: n/a n/a 02/05/2026 $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 02/05/2026 n/a
Open Pit (Avg): n/a n/a 02/05/2026 n/a
Recovery Rate: n/a n/a 02/05/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/05/2026 0.00M
Annual Production: n/a n/a 02/05/2026 n/a
Cash Cost: n/a n/a 02/05/2026 n/a
Extra Operating Cost: n/a n/a 02/05/2026 n/a
SILVER 02/05/2026
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 02/05/2026 0.00M
Measured & Indicated: n/a n/a 02/05/2026 0.00M
Inferred: n/a n/a 02/05/2026 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 02/05/2026 0.00M
Measured & Indicated: n/a n/a 02/05/2026 0.00M
Inferred: n/a n/a 02/05/2026 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 02/05/2026 $0.00
Extra Operating Cost: n/a n/a 02/05/2026 $0.00
Total: n/a n/a 02/05/2026 $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 02/05/2026 n/a
Open Pit (Avg): n/a n/a 02/05/2026 n/a
Recovery Rate: n/a n/a 02/05/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/05/2026 0.00M
Annual Production: n/a n/a 02/05/2026 n/a
Cash Cost: n/a n/a 02/05/2026 n/a
Extra Operating Cost: n/a n/a 02/05/2026 n/a

Property

Last Analysis Data  (02/05/2026)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Inwelo Gold
100 show
Total of 28,000m drilled to date
LVG has spent AUD12M since 2012
Geological mapping, pitting and data validation
Geophysical Surveys – magnetic and IP
Three Metallurgical tests completed – 90% recovery
Two previous sets of JORC (2012) resource estimates and prefeasibility studies 2015 and 2017, updated 2021
Environmental studies and certification completed, and ML granted
Completed Land compensation for initial Mining area
Detailed design and costs of tailings dam, process plant, infrastructure and access updated mid-2022
Exp Tembo
100 show
They are drilling 4 deposits and have had excellent drill results. They are now doing infill drilling at Ngula and will likely mine there first.

Size: 10,000 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Inwelo Gold
100 show
Total of 28,000m drilled to date
LVG has spent AUD12M since 2012
Geological mapping, pitting and data validation
Geophysical Surveys – magnetic and IP
Three Metallurgical tests completed – 90% recovery
Two previous sets of JORC (2012) resource estimates and prefeasibility studies 2015 and 2017, updated 2021
Environmental studies and certification completed, and ML granted
Completed Land compensation for initial Mining area
Detailed design and costs of tailings dam, process plant, infrastructure and access updated mid-2022
Exp Tembo
100 show
They are drilling 4 deposits and have had excellent drill results. They are now doing infill drilling at Ngula and will likely mine there first.

Size: 10,000 ha

Profitability (by resource)

Proven &
Probable		 02/05/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 02/05/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%

Reserves &
Resources		 02/05/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%

Future Valuation (Cash Flow & Totals)

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