People

PeopleThe success of our business is tied directly to the accomplishments and well-being of our work force of about 500 employees and contractors. Our goals are to build a workplace culture that fosters leaders, and to create a workplace that allows every person to thrive, contribute and grow. Our core values include a commitment to teamwork and honest communication. We expect employees to act with integrity, trust and respect. We believe employees and contractors are Virgin Gold’s ambassadors to the communities in which they work. We are accountable for fair and equitable treatment of all our employees — including safeguarding their...

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Health & Safety

Health & Safety We put people first and our number one priority is the safety of every employee. At Virgin Gold, we believe the health and safety of our work force is more critical to sustaining our business than the amount of ore we mine. By demonstrating our commitment to protecting the welfare of others, we can attract and retain experienced employees, encourage host communities to do business with us, and secure financial investments to explore and develop new regions.We also believe that to achieve our production and financial goals, we must make health and safety a stated value and key priority in everything we do. Our primary...

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Environment

Environment Virgin Gold takes its responsibility for environmental stewardship very seriously and regards sound environmental management and performance as a key priority at every operation. We exercise utmost vigilance in protecting the environment and seek ways to minimize our environmental footprint wherever we operate; a commitment that is enshrined in our corporate responsibility principles and our corporate Environmental Policy. We will always meet, and where possible exceed, regulatory requirements in our environmental performance. In recent years, in accordance with our corporate Environmental Policy, we have been implementing...

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Frequently Asked Questions (FAQ)

Frequently Asked Questions (FAQ) About Virgin G...

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Risk Factors

Risk Factors There is actually no real risk in subscribing to Virgin Gold Convertible Preferred Stocks (CPS). First of all, CPS can be unsubscribed by giving the company prior notice for a full refund. If any shareholder is dissatisfied with how the company is being run, they may take back their capital investment; thus eliminating any further risk. In any case, CPS holders receive guaranteed monthly dividend payments and provided gold remains at around $1,000/oz, are expected to recover their investment within 1 year.Secondly, even if the gold price plummets, Virgin Gold will not face any difficulty in fulfilling its dividend payment...

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How it works

How it works Step 1 of 2 Fill up our online “Shareholder Application Form”. Once your online application is accepted, you will have a Shareholder ID which you can use to login to your online transaction account using your chosen password. You may start your transaction immediately. Step 2 of 2 All shareholders are required to send us a scanned copy of their International Passport or National Identification card and another document to prove their address, such as a utility bill or bank statement within 30 days of registration or risk suspension of their account until we have received...

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Why it works

Why it works For Stockholders CPS stockholders get fixed monthly shareholder dividends. These are paid in ounces of gold, which are freely convertible into monetary value at the spot gold price. CPS holders may unsubscribe their shares by giving 45 days’ notice to the company. CPS holders may transfer their shares to another willing buyer at a higher price than their initial subscription price as Virgin Gold’s share price will increase over time alongside the net asset value of the company. CPS holders are given capital and an interest free account in which to hold paper gold up to 3 times their share subscription...

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What we offer

What we offer Virgin Gold is undertaking an exercise of issuing fresh Convertible Preferred Stocks (CPS) and invites willing investors worldwide to take up this offer. The offer price starts at $0.80/share on 1 January, 2010 and will be increased periodically in accordance with the net asset value of the company. Such offering may be subject to a time limitation and the corporation’s need for capital. Preferred Stock Although preferred stock does not offer the same potential for profit as common stock, it is a more stable investment vehicle because it guarantees a regular dividend...

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Why Gold

Why Gold For centuries, gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced gold as a store of wealth and a medium of international exchange; individuals have sought to possess gold as insurance against the day-to-day uncertainties of paper money.Perhaps more importantly, in the past few years, gold has finally been treated as an asset class that investors must keep as part of their portfolios. Investment in gold can be in the form of physical gold bars (nuggets), paper gold, gold company shares, gold investment funds (mutual fund), gold futures and options. ...

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Africa

Africa Africa is a major gold producer, producing up to 30% of global production. South Africa was the leading gold producer for many decades until the Chinese recently took over. The industry is relatively well developed here, mining costs are high and opportunities rare for new ventures. Other areas however, especially Western Africa, offer many opportunities for the discovery and development of new mines. Tanzania and Mali are rapidly becoming Africa's newest gold producers with several mines being commissioned or in the final feasibility stages while Ghana is also a major...

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South America

South America South America has a strong, active and prosperous gold mining industry which is internationally recognized. Gold mining culture here pre-dates European colonization and the Incas and Mayas have been mining gold since time immemorial. Several major international resource companies are active across the continent especially in Brazil, Chile, Peru and Argentina with major mining operations and excellent mining support infrastructure. However, gold mining opportunities remain plentiful in Peru, Venezuela, Colombia, Guyana, Suriname and even some remote areas of...

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Gold Mining

Gold Mining Owning a gold mine, although potentially very profitable, may also be a source of ruin for many corporations. 95% of gold discoveries worldwide are not economically viable. It takes somewhere between 8 – 13 years to bring a gold mine from scratch into production, though this time frame can be halved in certain cases. Regardless of the amount of money that has had to be spent and the resources involved, many ventures have had to be scrapped at some stage due to unsolvable problems. Stage 1: Exploration Duration ...

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What we aim ( VGMC BRUNEI )

What we aim VisionVirgin Gold, as well as being a truly enterprising and ambitious corporation, retains realistic and achievable expectations. Currently a global niche player, our long term vision is to become an industry leader in gold mining, manufacturing and trading sectors. We aim to achieve this through cooperation, joint ventures, partnerships, acquisitions and exploration across all geographical locations. Virgin Gold aims to raise 3 to 5 billion dollars of working capital through issuing new Convertible Preferred Stocks to the global community within the next few years. MissionOur corporate mission...

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OPERATIONG ( VGMC BRUNEI )

We produce gold at the cheapest cost and sell at the highest market price. This is Virgin Gold's one and only operational philosophy, which is understood by each of Virgin Gold's employees. No corporation can go wrong by producing at the lowest cost and selling at the highest price. Although the whole world is generally bullish about gold price hitting USD2,000 an ounce in the medium term; correction in-between rallies can be as much as 30-50% and last for a few years. Corporations that are not ready and do not foresee such possibilities will end up losing a lot of shareholders' monies. With odds of only one in 3,000 discoveries leading...

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Corporate Values

Corporate Values Our values and principles help us on our journey towards sustainable development. By living according to our defined Corporate Value, we can meet the current needs of our organization and stakeholders, thus protecting, sustaining and enhancing human, natural and financial capital for the future. People first We respect every individual. We draw strength from equal opportunity and diversity, while also supporting...

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