Vista Gold Corp. - VGZ STOCK NEWS

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.

Vista Gold Corp. (VGZ) announced its Q3 2021 financial results, reporting cash of $16.0 million and a net loss of $3.1 million or $0.02 per share. The Definitive Feasibility Study (DFS) for the Mt Todd gold project is 80% complete and remains on budget. Positive drilling results continue as the company progresses with its exploration programs, having drilled over 6,365 meters across various phases. The company aims to enhance its shareholder value, with ongoing efforts to secure strategic partnerships and expand mineral resources.

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.