Vista Gold: A New Study To Start Construction Is Behind The Corner
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Vista Gold Corp.'s Mt Todd project in Australia is economically viable with a revised plan for 15,000 tonnes/day production and $400M capital requirements. The feasibility study shows a payback period of 8 months at current gold prices. VGZ is debt-free with $17M in cash but needs a partner to start mining.
March 11, 2025 | 9:00 am
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Vista Gold's Mt Todd project is economically viable with a revised plan for 15,000 tonnes/day production and $400M capital requirements. The feasibility study shows a payback period of 8 months at current gold prices. VGZ is debt-free with $17M in cash but needs a partner to start mining.
The feasibility study indicates strong economic viability for the Mt Todd project, which is positive for VGZ. The company's debt-free status and cash reserves are strengths, but the need for a partner to start mining is a critical factor. The short-term impact is likely positive due to the promising study results, but securing a partner is essential for long-term success.
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RELEVANCE 100