Vista Gold Cp Stock Price, News & Analysis

Vista Gold Corp. announced the successful completion of its exploration drilling program at the Mt Todd project in Northern Territory, Australia. The program identified four promising targets with a potential resource growth between 1.8 to 3.5 million gold ounces. A total of 26 drill holes, totaling 8,887 meters, were drilled, revealing impressive gold grades, including 21 intervals exceeding 10 g Au/t. This exploration reinforces the continuity of mineralization across the Batman and adjacent deposits, indicating a significant opportunity for future resource growth and extended mine life.

Vista Gold Corp. (VGZ) reported its Q1 2022 financial results, highlighting cash reserves of $12.8 million. The company completed the Feasibility Study for its Mt Todd gold project, increasing gold reserves by 19% to 6.98 million ounces and extending the mine life to 16 years. The project is expected to produce an average of 479,000 ounces annually in its first seven years. Vista has appointed CIBC Capital Markets as a strategic advisor to unlock value at Mt Todd. The company faced a net loss of $0.3 million for the quarter, an improvement from the previous year's loss of $3.1 million.

Vista Gold Corp. (VGZ) announced the voting results from its annual general and special meeting held on April 28, 2022. A total of 67,896,888 common shares (57.55% representation) were cast. Directors John M. Clark, Frederick H. Earnest, and others were elected with support ranging from 94.65% to 98.67%. Shareholders approved the appointment of Plante & Moran PLLC as auditors and endorsed executive compensation and equity incentive plans. Vista's flagship asset, the Mt Todd gold project in Australia, is positioned to be a top gold producer as all necessary permits are secured.

Vista Gold Corp. has appointed CIBC Capital Markets as its strategic advisor to explore alternatives for unlocking value in its Mt Todd gold project. CEO Frederick H. Earnest emphasized the focus on maximizing shareholder value, citing a recently completed Feasibility Study that confirms the project's strong gold production capacity and robust economics. Key highlights include an after-tax NPV of $999.5 million at a $1,600 gold price and a projected average annual production of 479,000 ounces during the initial seven years of operations. The project is shovel-ready with all necessary environmental approvals.

Vista Gold Corp. (VGZ) announced its 2021 financial results, reporting year-end cash of $13.1 million, up from $8.2 million in 2020. The feasibility study (FS) for the Mt Todd Gold Project confirmed a gold reserve of 7 million ounces, with a strong after-tax NPV of $999.5 million at a $1,600 gold price. The company's net loss for 2021 was $15.2 million, primarily due to exploration and administrative expenses. Significant milestones included the approval of the Mining Management Plan, enabling project advancement. The Company remains debt-free, positioning it well for future growth.

Vista Gold Corp. (VGZ) announced the feasibility study results for its Mt Todd gold project in Northern Territory, Australia. Reserves increased by 19% to 6.98 million ounces, promising an average production of 479,000 ounces annually for the first seven years. The project shows a compelling after-tax NPV5% of $999.5 million at a $1,600 gold price, which rises to $1.5 billion at $1,800. Initial capital requirements increased by 8% to $892 million, while cash costs are projected at $817 per ounce over a 16-year mine life. The results enhance investor interest in the project.

Vista Gold Corp. (VGZ) announced receipt of $2.5 million from PT Masmindo Dwi Area to exercise its option to cancel the remaining 50% of the Awak Mas net smelter return royalty. This payment concludes Vista's royalty interest in the Awak Mas project. CEO Frederick H. Earnest expressed satisfaction with the transaction, emphasizing that it strengthens the company’s balance sheet as they seek a strategic partner for the Mt Todd gold project. This project is located in Northern Territory, Australia, and could become one of the largest gold producers in the country.

Golden Minerals Company (AUMN) announced the appointment of Deborah Friedman to its board of directors, effective December 9, 2021. Ms. Friedman will also serve on the Audit and Corporate Governance Committees. Her experience includes serving as general counsel for Golden Minerals from 2009 to 2015 and extensive expertise in corporate finance and governance. The addition increases the board's independent members to seven out of eight. Chairman Jeffrey Clevenger expressed confidence in Friedman’s experience to enhance the company's operations as it aims for cash flow growth from its mines.

Vista Gold Corp. announced an update on the definitive feasibility study (DFS) for its 100% owned Mt Todd gold project in Northern Territory, Australia. The DFS is nearing completion, with results expected early next year. The study aims to enhance shareholder value by revising mine plans based on higher gold prices, increasing reserves, and exploring cost-reduction strategies. Additionally, the company has filed a $100 million Shelf Registration Statement, maintaining financial flexibility as it seeks joint venture opportunities. Exploration drilling continues into Q1 2022.