Vista Gold Corp. Announces Receipt Of $10M Final Instalment Payment Under Wheaton Precious Metals Royalty, In Relation To Company's Mt Todd Gold Project Located In Northern Territory, Australia
Portfolio Pulse from Benzinga Newsdesk
Vista Gold Corp. has received a $10 million final installment payment from Wheaton Precious Metals under a royalty agreement related to Vista's Mt Todd Gold Project in Northern Territory, Australia.
June 21, 2024 | 10:51 am
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NEUTRAL IMPACT
Wheaton Precious Metals has completed a $10 million final installment payment to Vista Gold Corp. under a royalty agreement for the Mt Todd Gold Project.
While the payment completion fulfills Wheaton Precious Metals' financial obligation, it is unlikely to have a significant short-term impact on its stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Vista Gold Corp. has received a $10 million final installment payment from Wheaton Precious Metals under a royalty agreement related to Vista's Mt Todd Gold Project.
The receipt of the $10 million payment strengthens Vista Gold Corp.'s financial position, which is likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100