Vista Gold Cp Stock Price, News & Analysis

Vista Gold Corp. (NYSE American and TSX: VGZ) announced its audited financial results for the year ended December 31, 2020, reporting a net income of $0.4 million and cash reserves of $8.2 million. Key achievements included monetizing non-core assets, engaging with the NT government for their Mining Management Plan, and advancing the Mt Todd gold project. Looking forward, the company expects to generate up to $4.6 million in additional cash in 2021, with significant drilling and exploration opportunities ongoing.

Vista Gold Corp. (NYSE American and TSX: VGZ) has reported promising results from its ongoing drilling program at the Mt Todd gold project in Northern Territory, Australia. Recent drilling has confirmed the northward extension of the Batman Core Zone, revealing thicker mineralized zones and higher grades than expected. This supports the potential for resource development in previously classified waste areas. The current drilling program spans 2,400 meters, with further results anticipated this quarter.

Vista Gold Corp. (VGZ) reviewed its 2020 achievements and set priorities for 2021, focusing on its Mt Todd gold project in Australia. In 2020, VGZ monetized non-core assets, which improved its cash position and balanced its finances with no debt. The company's shares rose 49% over the year, showing strong leverage to gold prices, particularly with an updated after-tax NPV of US$1.7 billion at a gold price of US$1,850. Major 2021 goals include obtaining Mining Management Plan approval and continuing drilling to enhance resource estimates.

Vista Gold Corp. (NYSE American and TSX: VGZ) announced a significant payment of $1.1 million received from Prime Mining Corp. as part of a previously agreed arrangement. This payment is in lieu of royalties related to the Guadalupe de los Reyes gold/silver project in Mexico. The remaining $1.0 million is due by July 2021, after which Vista retains rights to reinstate certain royalties if it remains unpaid. Vista is focused on developing its flagship Mt Todd gold project, which has the potential to become Australia’s 6th largest gold producer.

Vista Gold Corp. (VGZ) announced initial drill results from its Mt Todd gold project in Northern Territory, Australia. The drilling program, aimed at confirming higher-grade mineralization, began in late October. First hole results (VB20-001) revealed a thicker mineralized zone than expected, intersecting 60 meters at 0.72 grams of Au/ton, including a peak of 7.79 grams of Au/ton. CEO Frederick Earnest expressed optimism about these findings, suggesting that further drilling may enhance mineral resource estimates and impact future mine design.

Vista Gold Corp. (NYSE American and TSX: VGZ) announced a Deed of Variation with the Jawoyn Association and Barnjarn Aboriginal Corporation regarding the Mt Todd gold project. This agreement replaces the previous 10% joint venture option for the Jawoyn Association with a gross proceeds royalty ranging from 0.125% to 2.000%, providing Vista with more operational flexibility. It emphasizes collaboration for cross-cultural awareness, employment opportunities, and the protection of cultural sites. Mt Todd is expected to produce approximately 495,000 ounces of gold annually, optimizing economic benefits for the Jawoyn people.

Vista Gold Corp. (VGZ) reported third-quarter 2020 net income of $4.2 million ($0.05 per share) and cash plus short-term investments of $10.2 million. The company is advancing its 100% owned Mt Todd gold project in Australia and has started drilling to confirm higher-grade mineralization near the planned Batman pit. Notably, there is an expectation to receive up to $4.6 million in cash payments from Prime Mining Corp. and the cancellation of a royalty on the Awak Mas project. The company continues to maintain a solid financial position with no debt.

Vista Gold Corp. (NYSE American and TSX: VGZ) has filed a final Short Form Base Shelf Prospectus in Canada and an amended National Instrument 43-101 preliminary feasibility study (PFS) for its Mt Todd gold project in Australia. The Shelf Prospectus enables financing flexibility based on market conditions. The Amended 2019 PFS clarifies previous information without any material changes to mineral reserve estimates, gold recoveries, or financial results. Updates were made for compliance with disclosure requirements, but key project metrics remain unchanged.

Vista Gold Corp. (VGZ) has provided an update on its wholly owned Mt Todd gold project in Northern Territory, Australia, outlining strategic initiatives aimed at enhancing project value and mitigating risks. Key activities include a drill program to explore Batman North extensions, geotechnical drilling, and water management improvements. The company anticipates that a rise in gold prices could potentially extend the project's mine life. Additionally, the Mine Management Plan is in the final stages of approval, positioning Mt Todd as a leading candidate for large-scale gold production.