Vista Gold Corp. Announces $20M Royalty with Wheaton Precious Metals Corp. on Mt Todd
Portfolio Pulse from Benzinga Newsdesk
Vista Gold Corp. has entered into a Royalty Agreement with Wheaton Precious Metals Corp., granting Wheaton a 1% royalty on gross revenue from the Mt Todd gold project in exchange for $20 million. The funds will be used to advance the project and for general corporate purposes. The deal is pending approval from the Australian government's FIRB, and Wheaton has a Right of First Refusal on future royalties or streams from Mt Todd.
December 14, 2023 | 11:42 am
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POSITIVE IMPACT
Vista Gold Corp. has signed a Royalty Agreement with Wheaton Precious Metals, receiving $20 million for a 1% royalty on the Mt Todd project. This influx of capital is intended to further develop the project and support corporate activities.
The news of securing $20 million in funding is positive for Vista Gold Corp. as it provides financial resources to advance the Mt Todd project and for other corporate uses. This could lead to positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wheaton Precious Metals Corp. has agreed to provide Vista Gold Corp. with $20 million in exchange for a 1% royalty on the Mt Todd gold project. This agreement expands Wheaton's portfolio of royalties and is contingent on Australian government approval.
Wheaton Precious Metals' investment in the Mt Todd project through a royalty agreement is likely to be seen as a strategic addition to its portfolio, potentially increasing its revenue base in the future. This could be viewed positively by investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80