Vista Gold Corp Secures $3M from Wheaton for Mt Todd Project, Advancing with $20M Royalty Deal
Portfolio Pulse from Benzinga Newsdesk
Vista Gold Corp. has received a $3 million installment from Wheaton Precious Metals as part of a $20 million royalty agreement for the Mt Todd gold project. The funds will be used to advance the project and for corporate purposes, with further payments expected in the first half of 2024 pending Australian government approval.
December 18, 2023 | 11:43 am
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Vista Gold Corp. has received $3 million from Wheaton Precious Metals, contributing to the funding of the Mt Todd project. This is part of a larger $20 million royalty agreement, with further payments expected subject to government approval.
The receipt of the $3 million installment is a positive development for Vista Gold Corp., providing necessary funds for the Mt Todd project and potentially increasing investor confidence in the company's ability to advance its operations. The anticipation of further payments could also contribute to a positive outlook for the stock in the short term.
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