Vista Gold Corp. T.VGZ

Alternate Symbol(s): VGZ

Metals & Mining Gold

Vista Gold Corp. (NYSE American and TSX: VGZ) holds the Mt Todd gold project, a shovel-ready development-stage deposit located in Northern Territory, Australia. Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. All major operating and environmental permits necessary to initiate development of the Project are in place. A feasibility study was completed in 2022 and updated in 2024 demonstrating strong economics for development of a large-scale, 50,000 tonnes per day operation. Later this year, Vista Gold plans to start a feasibility study targeting 150,000 to 200,000 ounces of annual gold production with initial capital costs of less than $400 million. The Company is focused on positioning Mt Todd as a leading development opportunity.

TSX:VGZ - Post by User

Vista Gold Corp. > SELL IT OR GET A PARTNER! They have enough

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Comment by MisterMarketon Dec 02, 2024 11:22pm

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Post# 36342011

RE:SELL IT OR GET A PARTNER! They have enough

The lack luster drill results do not improve the value of the project.

They don't improve on the Feasibility Study where production for the first 7 years is 479K ou/yr at $860 all in costs (AISC). At $2500 gold the profit is about $1600 ou. At that rate the $1.03 billion capex could be paid back in about 2 years. Then there are 5 more years of production at 479K ou/yr, folloewd by 9 years of production at about 333Kou/yr. That is what mining companies are looking for---a real gold mine.

How can you improve the project by spending money to downsize it? Management should quit wasting money and sell Mt. Todd.

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