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Stock impact report

Vista Gold Commences Feasibility Study Targeting a Higher Reserve Grade and Significantly Lower Initial Capital Costs at Mt Todd [Yahoo! Finance]

Vista Gold Corp (VGZ) 
NASDAQ:AMEX Investor Relations: vistagold.com
Company Research Source: Yahoo! Finance
The study aims to increase the reserve grade to 1 gram gold per tonne and reduce the initial capex to $400 million while achieving average annual gold production ranging from 150,000 to 200,000 ounces from 5.2 million tonnes per annum ("Mtpa") ore throughput. Completion of this feasibility study is expected in mid-2025. Frederick H. Earnest, President and CEO of Vista, stated, "After carefully evaluating the potential benefits, we have decided to design a project with a 15,000 tonne per day throughput rate, nominally 5.2 Mtpa. We are targeting a reduction of approximately 60% in initial capital costs from the large-scale project feasibility study published earlier this year, and a significant increase in reserve grade to 1 gram gold per tonne with a higher ore cut-off grade. The project design will retain the optionality for future expansion. "We have selected consultants with extensive Australian and international experience with projects of this scale who can deliver a fit-for-p Show less Read more
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