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Vista Gold Corp. - VGZ STOCK NEWS

Welcome to our dedicated page for Vista Gold news (Ticker: VGZ), a resource for investors and traders seeking the latest updates and insights on Vista Gold stock.

Vista Gold Corp. (NYSE MKT and TSX: VGZ) is a Denver, Colorado-based international gold mining company with over 25 years of experience in gold exploration, development, and operations. The company has an impressive track record in the acquisition of gold projects and has consistently created shareholder value through strategic transactions.

Vista Gold's core business focuses on the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects. The company aims to either move these projects towards gold production or enhance their value through strategic transactions. Currently, their primary activities are centered in Australia, where they have made significant progress.

Managed by a highly experienced team of mining professionals with global credentials in exploration, development, and operations, Vista Gold has established itself as a reliable entity in the gold mining sector. The team’s expertise has been pivotal in the company’s ongoing projects and recent achievements, setting a strong foundation for future growth and success.

Vista Gold Corp.’s recent projects reflect their commitment to maximizing shareholder value and exploring new opportunities in the gold mining sector. The company’s financial condition remains robust, supported by well-planned acquisitions and effective project management. Partnerships with other industry players have further strengthened their position in the market, enabling them to leverage additional resources and expertise.

In summary, Vista Gold Corp. is dedicated to advancing its gold exploration and development projects, with a strategic focus on creating long-term value for its shareholders. Their ongoing efforts in Australia and other potential projects illustrate their commitment to growth and operational success.

Rhea-AI Summary

Vista Gold Corp. announced the results of its annual general and special meeting of shareholders held on April 30, 2024. A total of 69,554,939 common shares were represented, with the election of directors and other proposals approved. Shareholders also appointed auditors and approved executive compensation, with feedback received on unallocated options under the Stock Option Plan.

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Vista Gold Corp. has filed a feasibility study update for the Mt Todd Gold Project in Australia, reflecting changes in project economics and updated cost components. The NI 43-101 Report shows the current outlook for gold prices and foreign exchange rates, with no changes to mineral resources, mine plans, or gold production schedules. The technical data and economic conclusions are similar to the S-K 1300 Report, differing only in formatting and disclosure requirements.
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Vista Gold Corp. (VGZ) announces audited financial results for 2023, with $6.1 million cash at year-end. The company focused on cash efficiency and strengthened its balance sheet with a $20 million royalty transaction. Key initiatives included an internal scoping study for Mt Todd, extending agreements, starting drilling programs, and publishing an inaugural ESG report. The updated feasibility study for Mt Todd showed project economics similar to two years ago. The company reported a net loss of $6.6 million in 2023 compared to $4.9 million in 2022. Vista received $7 million in February 2024 from the Royalty and expects $10 million more in the first half of 2024.
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Vista Gold Corp. announces the results of the feasibility study update for its Mt Todd gold project in Australia. The study shows an after-tax NPV5% of $1.13 billion and IRR of 20.4% at a $1,800 gold price. The updated study reflects changes in project economics with material capital and operating cost components updated. The company believes that using a gold price of $2,100 and a $0.66 Fx rate would result in an after-tax NPV5% of $1.88 billion and an IRR of 29.6%.
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Vista Gold Corp. (VGZ) mourns the passing of long-standing director W. Durand Eppler, who served on the Board for nearly 20 years. The Company expresses condolences and plans to nominate a new director at the upcoming Annual General Meeting.
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Vista Gold Corp. (NYSE American and TSX: VGZ) announces the release of its first Environmental, Social, and Governance (ESG) Report, highlighting its ESG performance in 2023 and outlining future goals. The company emphasizes its commitment to responsible and sustainable business practices. Vista will also participate in the 2024 PDAC convention to engage with stakeholders and provide updates on the Mt Todd gold project.
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Vista Gold Corp. announces receipt of $7 million second instalment payment under royalty agreement with Wheaton Precious Metals for Mt Todd gold project in Australia. The $20 million royalty will be used to advance the project and for general corporate purposes.
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Vista Gold Corp. appoints mining executive Mr. Michel Sylvestre as independent director, expanding the Board of Directors. Mr. Sylvestre brings 45 years of industry experience, joining the Health, Safety, Environment and Social Responsibility Committee.
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Vista Gold Corp. provides a strategic update and outlines 2024 priorities for the Mt Todd gold project in Australia. The company aims to realize value for shareholders through a strategic transaction at Mt Todd, focusing on de-risking and demonstrating the project's significant value. Vista plans to commence a drill program to add shallow gold resources, evaluate lower capex staged development strategies, strengthen the balance sheet with recent royalty transactions, and publish its inaugural ESG report in 2024.
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Vista Gold Corp. (VGZ) announces plans to initiate a program at the Mt Todd gold project aimed at increasing near surface gold resources and evaluating a staged development strategy. The 2023 Scoping Study indicated a nominal 5 million tonne per year project with initial capital expenditure of less than US$350 million and initial production of 150,000 – 200,000 ounces of gold per year. The company plans to commence a targeted drilling program of 6,000 – 7,000 meters to upgrade inferred gold resources and further define uncategorized mineralization. Vista expects to undertake additional technical studies to advance the staged development strategy.
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FAQ

What is the current stock price of Vista Gold (VGZ)?

The current stock price of Vista Gold (VGZ) is $0.573 as of November 20, 2024.

What is the market cap of Vista Gold (VGZ)?

The market cap of Vista Gold (VGZ) is approximately 70.4M.

What does Vista Gold Corp. do?

Vista Gold Corp. is engaged in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects.

Where is Vista Gold Corp. primarily active?

Vista Gold Corp. is currently focusing its activities mainly in Australia.

How long has Vista Gold Corp. been in operation?

Vista Gold Corp. has been in operation for over 25 years.

What is the main goal of Vista Gold Corp.?

The main goal of Vista Gold Corp. is to move its gold exploration and potential development projects towards production or enhance their value through strategic transactions.

Who manages Vista Gold Corp.?

Vista Gold Corp. is managed by a highly experienced group of mining professionals with a global track record of exploration, development, and operational success.

What kind of projects does Vista Gold Corp. focus on?

Vista Gold Corp. focuses on gold exploration and potential development projects.

How does Vista Gold Corp. create shareholder value?

Vista Gold Corp. creates shareholder value through strategic transactions and successful project acquisitions.

What are Vista Gold Corp.’s current projects?

Vista Gold Corp. is currently concentrating its efforts on projects in Australia, with ongoing evaluations and advancements.

What are the financial conditions of Vista Gold Corp.?

Vista Gold Corp. maintains a robust financial condition, supported by well-planned acquisitions and effective project management.

What recent achievements has Vista Gold Corp. made?

Vista Gold Corp. has made significant progress in its projects in Australia, reflecting their commitment to growth and operational success.

Vista Gold Corp.

NYSE:VGZ

VGZ Rankings

VGZ Stock Data

70.38M
119.63M
2.88%
27.04%
0.07%
Gold
Gold and Silver Ores
Link
United States of America
ENGLEWOOD