Vista Gold Cp Stock Price, News & Analysis

Vista Gold Corp. (VGZ) announced positive results from the final two holes of its Phase 2 drilling program at the Mt Todd gold project in Australia. Hole VB21-012 intersected over 100 meters of mineralization with zones grading above 1 g Au/t, confirming resource growth potential. Hole VB21-013 validated the structural orientation and also showed significant gold grades. The company received a $1.7 million grant from the Northern Territory Government to support drilling efforts. A definitive feasibility study (DFS) is on track to be completed by Q1 2022, further advancing the project.

Vista Gold Corp. (NYSE American and TSX: VGZ) has provided an update regarding its Mt Todd gold project in Northern Territory, Australia. The approval of the Mining Management Plan marks a significant step toward development. The Definitive Feasibility Study (DFS) is underway, scheduled for completion in Q1 2022, aiming to enhance project value by increasing gold reserves and improving economic metrics. A second phase of drilling has successfully identified gold-bearing structures, with a third phase now initiated. The company is pursuing strategic partnerships, although progress is hindered by COVID-19 travel limitations.

Vista Gold Corp. (VGZ) has finalized the second phase of its exploration drilling at the Mt Todd gold project in Northern Territory, Australia, completing 18 holes and 6,000 meters of drilling. All holes intersected mineralization, suggesting potential for significant resource growth. The company has started a third phase of drilling with an additional 3,000 meters targeting the Golf-Tollis area. This project, the largest undeveloped gold site in Australia, is expected to be a major player in gold production upon development, with favorable cost structures.

Vista Gold Corp. (VGZ) announced its Q2 2021 financial results, reporting cash and cash equivalents of $6.3 million. A major highlight was the approval of the Mining Management Plan for the Mt Todd gold project, enabling further development. The company also commenced a definitive feasibility study aimed for completion in Q1 2022, which may enhance reserves and mine life. However, it reported a net loss of $0.8 million or $0.01 per share, compared to a gain of $1.9 million in Q2 2020. The recent drilling program yielded promising results, furthering prospects for resource growth.

Vista Gold Corp. (VGZ) has initiated a feasibility study (FS) for its Mt Todd gold project in Northern Territory, Australia, with Tetra Tech leading the effort. Completion is anticipated by Q1 2022, aiming to enhance reserves and mine life. The company has made significant progress by securing major permits and plans to invest approximately US$5 million for ongoing technical programs and exploration drilling. Despite travel restrictions impacting partnership discussions, Vista remains optimistic about unlocking value and maximizing returns for shareholders.

Vista Gold Corp. (NYSE American and TSX: VGZ) announced promising assay results from ongoing drilling at the 100% owned Mt Todd gold project in Northern Territory, Australia. Notably, the hole VB21-011 exhibited substantial mineralization with an average grade of 0.63 g Au/t over 200 meters, confirming continuity and potential for higher-grade deposits. The company has completed 16 of 18 planned drill holes, with VB21-010 also showing significant intersections, including higher-grade intercepts. The CEO expressed optimism regarding the project’s value following recent shareholder financing.

Vista Gold Corp. (VGZ) has successfully closed a public offering of 12,272,730 units at US$1.10 each, totaling approximately US$13.5 million. Each unit includes a common share and half a warrant, with the warrants exercisable at US$1.25 for three years. The proceeds will advance the Mt Todd gold project, focusing on technical refinement and securing a development partner. The project, located in Australia's Northern Territory, is positioned to potentially become the country's fourth largest gold producer. All necessary permits for the project are approved.

Vista Gold Corp. (VGZ) announced an increased public offering of 12,272,730 units at $1.10 per unit, totaling approximately $13.5 million in gross proceeds. Each unit comprises one common share and half a warrant, exercisable for $1.25 over 36 months. The offering, led by H.C. Wainwright & Co., is set to close around July 12, 2021, subject to regulatory approvals. Proceeds will advance the Mt Todd gold project in Australia and cover general corporate expenses. An underwriter option may add up to 1,840,908 units. The offering documents are available through the SEC and the company.

Vista Gold Corp. (NYSE American and TSX: VGZ) has announced an underwriting agreement for a public offering of 7,272,728 units at $1.10 each, aiming for gross proceeds of approximately $8 million. Each unit includes one common share and a half warrant, with warrants exercisable at $1.25 for three years. An additional option for underwriters allows for up to 1,090,908 more units. Proceeds will finance the Mt Todd gold project’s technical programs and support corporate expenses. The offering is expected to close around July 12, 2021, pending regulatory approvals.