Welcome to our dedicated page for Vista Gold Cp news (Ticker: VGZ), a resource for investors and traders seeking the latest updates and insights on Vista Gold Cp stock.
Vista Gold Corp. (VGZ) generates a steady flow of news centered on the advancement of its Mt Todd gold project in Australia and its activities as a development-stage gold company. News releases commonly highlight feasibility study milestones, technical report filings, financial results, and participation in mining investment conferences.
Recent announcements have focused on the 15,000 tonnes per day feasibility study for Mt Todd, including confirmation of strong project economics and the filing of S-K 1300 and NI 43-101 technical reports. Vista has also issued updates on its pathway to initiate detailed engineering and design, describing a planned sequence that would lead into a multi-year design, construction, and commissioning process for the project.
Investors following VGZ news can expect coverage of quarterly financial results, cash position, and the company’s debt-free status, as well as commentary from management on strategy and corporate goals. Releases often describe ongoing work to optimize Mt Todd’s development plan, such as raising the cut-off grade, prioritizing higher grade ore in mine scheduling, and pursuing permit modifications to align existing approvals with the latest feasibility study.
Vista’s news flow also includes information on investor outreach, such as presentations at mining forums in Australia, Europe, and North America, and participation in precious metals and mining conferences. These events provide additional context on Mt Todd’s role as a leading development opportunity within the gold sector. For investors and analysts, the VGZ news page offers a consolidated view of operational progress, technical updates, and corporate communications related to the Mt Todd gold project.
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.
Vista Gold Corp. (NYSE American and TSX: VGZ) has announced results from Phase 1 of its 2024 drilling program at the Mt Todd gold project in Australia. The program, comprising 11 holes totaling 2,910 meters, confirmed the extension of the core zone and mineralized boundaries in the northern section of the Batman deposit. Notably, hole VB24-001 returned an average grade of 1.17 g Au/t over 58 meters, significantly higher than the previously estimated 0.45 g Au/t in that area.
Phase 2 of the drilling program has commenced, focusing on the Southern Cross Lode zone, which shows potential for higher-grade gold mineralization. Upon completion of the 2024 drilling program, Vista 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.
Vista Gold Corp. (NYSE American and TSX: VGZ) announced its Q2 2024 financial results, reporting net income of $15.6 million and cash totaling $20.2 million. The company received the final $10 million instalment payment under a recent royalty agreement, completing the total $20 million payment. Vista completed Phase 1 of the Mt Todd drilling program and started Phase 2, with results expected in August. The Northern Territory, Australia passed legislation enacting the Mineral Royalties Act 2024, reducing royalties for Mt Todd from nearly 7% to 3.5%, improving project economics. Vista reported a significant increase in net income compared to Q2 2023, largely due to a $16.9 million gain from the royalty agreement payment.
Vista Gold has received the final $10 million installment from Wheaton Precious Metals under a royalty agreement. This payment is the last part of a $20 million royalty aimed at advancing Vista's Mt Todd gold project in Australia and supporting general corporate purposes. The payment was made after Vista Gold Australia met specific conditions, including the start of a designated drilling program at Mt Todd.
Vista Gold Corp. (NYSE American and TSX: VGZ) has announced the hiring of Maria Vallejo Garcia as Director, Projects and Technical Services. Vallejo is a seasoned mining professional with extensive experience in mineral economics, mining engineering, and optimization technologies. She holds a master’s degree in mining engineering from McGill University and has held senior roles at prestigious companies such as Barrick Gold and AngloGold Ashanti. Vallejo replaces John Rozelle, who retired on December 31, 2023, after more than a decade of service. Vallejo's expertise is expected to contribute significantly to Vista's future projects, including the evaluation and potential development of the Mt Todd gold project.
Vista Gold Corp. (NYSE American and TSX: VGZ) announced the Northern Territory, Australia, has passed the Mineral Royalties Act 2024, effective July 1, 2024. The Act will replace the net profits royalty regime with an ad valorem royalty regime for new mines, notably impacting Vista's Mt Todd gold project. The new royalty rate of 3.5% on gold doré is expected to significantly improve project economics, cutting the previous near 7% rate by nearly 50%. This change is projected to reduce payable royalties from an estimated $765 million to around half, enhancing shareholder returns. The legislation intends to make the NT's mining sector more competitive, fostering exploration and development, and providing economic benefits.
Vista Gold Corp. announced its unaudited financial results for the first quarter of 2024, with cash totaling $11.9 million. The company reported a consolidated net loss of $1.1 million, or $0.01 per common share, compared to $2.0 million in the same period last year. Vista is focusing on strengthening its balance sheet, advancing evaluations of the Mt Todd project, and executing health, safety, and environmental initiatives.