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 announced the final drill results from its 2024 drilling program at the Mt Todd gold project. The results show high-grade gold intercepts in the South Cross Lode (SXL), with notable findings including:
- VB24-032: 3.0 meters at 4.13 g Au/t, including 0.6 meters at 18.34 g Au/t
- VB24-033: 43.3 meters at 0.82 g Au/t, including 1.0 meters at 7.55 g Au/t
- VB24-034: 29.0 meters at 1.55 g Au/t, including 1.9 meters at 8.01 g Au/t
The drilling program demonstrated continuity of mineralization along strike at relatively shallow depths, with mineralization remaining open at depth and to the northeast. The company plans to use these results to update its resource model and reserve estimates for the ongoing Mt Todd feasibility study.
Vista Gold Corp. (NYSE American and TSX: VGZ) has reported its key achievements for 2024, focusing on advancing its Mt Todd gold development project. The company completed a drilling program of 34 holes totaling 6,776 meters, with Phase 2 drilling revealing high-grade gold intercepts in the South Cross Lode.
The company launched a new feasibility study in December 2024 targeting significant improvements including: increasing reserve grade to 1 gram gold per tonne, reducing initial capital expenditure by 60% to $400 million, and achieving annual gold production of 150,000-200,000 ounces from 15,000 tonnes per day ore throughput. The study is expected to complete by mid-2025.
Vista maintained strong safety performance with zero lost-time incidents and over 1,150 days without workplace incidents. The company's financial position was strengthened by a royalty transaction providing $20 million in funding. Additionally, new Northern Territory royalty legislation enacted in July 2024 is expected to reduce Mt Todd royalty payments by nearly 50%.
Vista Gold Corp. (NYSE American and TSX: VGZ) has announced the start of a new feasibility study for its Mt Todd gold project. The study targets increasing the reserve grade to 1 gram gold per tonne and reducing initial capital costs to $400 million.
The project aims to achieve annual gold production of 150,000 to 200,000 ounces from a 5.2 million tonnes per annum throughput. The new design features a 15,000 tonne per day throughput rate, representing a 60% reduction in initial capital costs compared to the previous large-scale feasibility study.
The company has engaged several consultants, including GR Engineering Services for process design and Mining Plus for mine planning. The study is expected to complete in mid-2025.
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.