Vista Gold Corp. - VGZ STOCK NEWS

Vista Gold Corp. (NYSE American and TSX: VGZ) reported its Q1 financial results with cash and cash equivalents of $7.2 million and a net loss of $3.1 million, consistent with expectations. The company advanced its Mt Todd Mining Management Plan to the final review stage and expanded its drilling program to include an additional 10 holes, targeting significant resource growth. Positive drilling results showed higher than anticipated gold grades and thicker intercepts, reinforcing the potential for further gold resources at Mt Todd. The management conference call is scheduled for May 4, 2021.

Vista Gold Corp. held its annual meeting on April 29, 2021, with 52,443,389 common shares represented, accounting for 50.52% of total shares. Key outcomes included the successful election of directors, with John M. Clark securing 97.69% support and Frederick H. Earnest receiving 98.71%. Shareholders also appointed Plante & Moran PLLC as auditors and approved executive compensation and stock options. Vista’s flagship asset is the Mt Todd gold project, the largest undeveloped gold project in Australia.

Vista Gold Corp. (VGZ) announced promising results from its ongoing drilling program at the Mt Todd gold project in Northern Territory, Australia. Recent drill holes confirmed the continuity of mineralization north of the Batman deposit, revealing thicker-than-expected mineralized zones and defining a higher-grade zone. The company plans to accelerate drilling with a second rig to explore targets towards the Golf-Tollis area. Assay results indicate mineralization presence in seven drilled holes, enhancing confidence in the potential resource increase at the Batman deposit.

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.