Vista Gold Cp Stock Price, News & Analysis

Vista Gold Corp. (NYSE American and TSX: VGZ) has announced its strategic outlook for 2025, focusing on completing the Mt Todd feasibility study. The company aims to demonstrate value through a lower-cost, 15,000 tonne per day development strategy. Key initiatives include:

The feasibility study targets increasing reserve grade to 1 gram gold per tonne, reducing initial capex by 60% to $400 million, and achieving annual gold production of 150,000-200,000 ounces. The company plans to utilize contract mining, third-party power generation, and established construction practices to maintain capital efficiency.

Vista reports 1,194 hours without lost time incidents at Mt Todd. A new mineral resource estimate is being developed, incorporating results from 2024 and 2020-2022 drilling programs, with completion expected mid-2025 alongside the feasibility study.

Vista Gold Corp. (NYSE American and TSX: VGZ) announced promising results from its 2024 Mt Todd drilling program, indicating potential increases in gold mineral reserves at the Batman deposit and successful delineation of the South Cross Lode (SXL) over a 400-meter strike length.

The company completed 34 diamond core holes totaling 6,776 meters, with all holes intercepting mineralization. Phase 1 drilling, combined with 2020-2022 results, extended mineralization boundaries in the Batman deposit's northern section, with many holes showing higher grades than the current block model. Phase 2 drilling defined the SXL mineralization, revealing wider high-grade veins exceeding one meter in thickness.

The results will be included in an updated Mt Todd mineral resources estimate and new feasibility study, scheduled for completion in mid-2025. Metallurgical testing is currently in progress for both phases.

Vista Gold Corp. (NYSE American and TSX: VGZ) has announced the final drill results from its 2024 drilling program at the Mt Todd gold project. The results show high-grade gold intercepts in the South Cross Lode (SXL), with notable findings including:

- VB24-032: 3.0 meters at 4.13 g Au/t, including 0.6 meters at 18.34 g Au/t
- VB24-033: 43.3 meters at 0.82 g Au/t, including 1.0 meters at 7.55 g Au/t
- VB24-034: 29.0 meters at 1.55 g Au/t, including 1.9 meters at 8.01 g Au/t

The drilling program demonstrated continuity of mineralization along strike at relatively shallow depths, with mineralization remaining open at depth and to the northeast. The company plans to use these results to update its resource model and reserve estimates for the ongoing Mt Todd feasibility study.

Vista Gold Corp. (NYSE American and TSX: VGZ) has reported its key achievements for 2024, focusing on advancing its Mt Todd gold development project. The company completed a drilling program of 34 holes totaling 6,776 meters, with Phase 2 drilling revealing high-grade gold intercepts in the South Cross Lode.

The company launched a new feasibility study in December 2024 targeting significant improvements including: increasing reserve grade to 1 gram gold per tonne, reducing initial capital expenditure by 60% to $400 million, and achieving annual gold production of 150,000-200,000 ounces from 15,000 tonnes per day ore throughput. The study is expected to complete by mid-2025.

Vista maintained strong safety performance with zero lost-time incidents and over 1,150 days without workplace incidents. The company's financial position was strengthened by a royalty transaction providing $20 million in funding. Additionally, new Northern Territory royalty legislation enacted in July 2024 is expected to reduce Mt Todd royalty payments by nearly 50%.

Vista Gold Corp. (NYSE American and TSX: VGZ) has announced the start of a new feasibility study for its Mt Todd gold project. The study targets increasing the reserve grade to 1 gram gold per tonne and reducing initial capital costs to $400 million.

The project aims to achieve annual gold production of 150,000 to 200,000 ounces from a 5.2 million tonnes per annum throughput. The new design features a 15,000 tonne per day throughput rate, representing a 60% reduction in initial capital costs compared to the previous large-scale feasibility study.

The company has engaged several consultants, including GR Engineering Services for process design and Mining Plus for mine planning. The study is expected to complete in mid-2025.

Vista Gold Corp. (NYSE American and TSX: VGZ) has renewed its At-The-Market Offering Agreement with H.C. Wainwright & Co., , maintaining a practice in place since 2017. The agreement allows Vista to sell up to US$8 million in common shares, though there's no obligation to do so. The company reported US$19 million in cash as of September 30, 2024, and plans to use the renewed ATM opportunistically, consistent with past practices, rather than marketing the full $8 million amount.

Vista Gold Corp. (VGZ) announced additional results from Phase 2 of its 2024 drilling program at the Mt Todd gold project in Northern Territory, Australia. The drilling program in the South Cross Lode zone revealed significant high-grade gold intercepts, with grades up to 6.82 g Au/t near surface. Notable results include multiple mineralized intervals, with VB24-025 returning 20.8 meters at 1.96 g Au/t. The company plans to update the Mt Todd mineral resource estimate and anticipates a feasibility study targeting daily throughput of 12,000-17,000 tonnes, aiming for 150,000-200,000 ounces of annual gold production with initial capex below $400 million.

Vista Gold Corp. (VGZ) reported its Q3 2024 financial results with cash totaling $19.0 million, up from $6.1 million at December 31, 2023. The company posted a net loss of $1.6 million, or $0.01 per share. Vista is nearing completion of a 6,000-7,000 meter drilling program at Mt Todd, with successful confirmation of the Batman deposit extension. The company is finalizing studies for a potential 12,000-17,000 tonnes per day operation targeting 150,000-200,000 ounces of annual gold production with initial capital costs below $400 million. Vista filed a new $50 million Shelf Registration to replace its expiring $100 million registration.

Vista Gold Corp. (NYSE American and TSX: VGZ) announced interim results from Phase 2 of its 2024 drilling program at the Mt Todd gold project in Northern Territory, Australia. The drilling focused on the South Cross Lode zone (SXL), a known mineralized structure intersecting the Batman deposit. Highlights include:

- VB24-014: 9.4 meters @ 3.35 g Au/t, including 0.5 meters @ 50.0 g Au/t
- VB24-016: 22.0 meters @ 1.74 g Au/t, including 2.3 meters @ 7.93 g Au/t
- VB24-022: 4 meters @ 7.18 g Au/t, including 1.0 meter @ 25.89 g Au/t

The company plans to update the Mt Todd mineral resource estimate and evaluate a development scenario targeting 150,000 to 200,000 ounces of annual gold production, with a raised cut-off grade of 0.45 to 0.50 g Au/t and an initial capex of less than $400 million.