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.
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.
Vista Gold Corp. (VGZ) announced positive drill assay results from its Mt Todd gold project, revealing strong mineralization north of the Batman deposit. Key findings include intercepts such as 6.0 meters at 1.58 g Au/t in hole VB21-006 and 8.5 meters at 1.89 g Au/t in VB21-008. The drilling supports Vista’s geological model, indicating potential for resource growth. Ongoing drilling aims to expand understanding of mineralized structures in the Batman-Driffield corridor. The company highlighted a reliable structural model that predicts mineralization effectively.
Vista Gold Corp. (NYSE American and TSX: VGZ) announced it received the final $1.0 million payment from Prime Mining Corp., completing a total payment of $2.1 million concerning royalties and back-in rights for the Guadalupe de los Reyes gold/silver project in Mexico. The agreement removes Vista's rights to future royalties and back-in rights. CEO Frederick H. Earnest expressed satisfaction with the completion of the agreement. Vista's main asset is the Mt Todd gold project in Australia, which could be among the country's largest gold producers.
Vista Gold Corp. (VGZ) announced the receipt of the Aboriginal Areas Protection Authority Certificate and Surface Water Extraction License for its Mt Todd gold project in Northern Territory, Australia. The AAPA Certificate allows work on certain areas without damaging sacred sites, while the Surface Water Extraction License permits the annual harvesting of 3.4 Gigalitres of surface runoff for mining activities. These authorizations support Vista's commitment to cultural protection and sustainable water use, ensuring the project's water supply for operations over the next decade.
Vista Gold Corp. (VGZ) has obtained the Mining Management Plan approval from the Northern Territory Government for its Mt Todd gold project in Australia. This milestone is pivotal for project development, signaling a significant de-risking achievement after three years of effort. The project is expected to provide substantial economic benefits, with a projected after-tax NPV of $1.7 billion at a gold price of $1,900. Vista's CEO emphasized the project’s attractiveness due to low operating costs and strong community support, positioning Mt Todd as a leading contender in gold production.
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