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Vista Gold Corp.
Vista's principal assets include its flagship Mt. Todd gold project in Northern Territory, Australia, and a 12.4% holding in Midas. In addition to non-core projects in Mexico and California, Vista holds royalty interests in projects in Bolivia and Indonesia.
Vista is traded on the NYSE MKT and Toronto Stock Exchange under the symbol VGZ.
History
Vista Gold dates back to November 1983 under the name Granges Exploration Ltd. Granges underwent a number of name changes in the late 1980s and on May 1, 1995, amalgamated with Hycroft Resources and Development Corporation under the name Granges Inc. Effective November 1, 1996, Granges amalgamated with Da Capo Resources under the name Vista Gold Corp.
In 2002, we acquired the Los Cardones gold project (then known as the Paredones Amarillos project) from Viceroy Resource Corporation. In October 2008, we completed a feasibility study on the Los Cardones project and proceeded with permitting for an 11,000 tonne per day operation.
In January 2003, we entered an option agreement to acquire the Long Valley gold project in California from Standard Industrial Minerals, Inc. In 2007, we exercised our option to purchase the property.
In August 2003, Vista executed an agreement to acquire a 100% interest in the Guadalupe de los Reyes gold/silver project. We consolidated the Guadalupe district in December 2007 when we acquired Grandcru Resource Corporation's interest in two gold/silver mineral properties adjacent to our Guadalupe project. The area has been subject to significant historic mining and produced approximately 600,000 ozs gold and over 40 million ozs silver historically.
In April 2005, we completed the acquisition of the Awak Mas gold project in Sulawesi, Indonesia by acquiring Salu Siwa, an Australian company.
In March 2006, Vista entered into a series of agreements to acquire rights to the Mt. Todd gold project in Northern Territory, Australia. Vista has completed a series of drill programs at Mt. Todd which have progressively increased the gold resource and in May 2013 we announced the completion of a positive preliminary feasibility study on the project.
In September 2006, Vista entered into an arrangement and merger with Allied Nevada Gold Corp., pursuant to which our Nevada-based mining properties were transferred to Allied. Completion of the transaction occurred in 2007. Allied Nevada Gold Corp. was listed on the TSX and AMEX in May 2007. Over 65% of the IPO value was issued to Vista shareholders as a dividend. For each share of Vista owned prior to the transaction, received 0.794 of an Allied Nevada share.
In December 2009, we announced a Joint Venture with One Asia, a privately held resource development company, with respect to the Awak Mas gold project. One Asia could earn a 60% interest by developing the project, completing a feasibility study and an environmental impact assessment, and issuing Vista shares. In June 2011, we entered into a further option agreement with One Asia allowing them to increase their earn-in to an 80% interest in the project.
In April 2011, Vista and Midas Gold Corp. completed a transaction to combine Midas' Hangar Flats and West End deposits with Vista's Yellow Pine deposit in Idaho to form the Golden Meadows project under the direction and management of Midas Gold Corp. Resulting from the transaction, Vista holds 31,802,615 Midas shares (24.9%).
In February 2012, we entered into an Earn-in Agreement with the Invecture Group (a Mexico-based privately held company) that would allow Invecture to earn a 62.5% interest in the Los Cardones project by completing permitting, among other items, and paying Vista $20 million. In October 2013, we terminated the Earn-in Agreement and sold the project to the Invecture Group for US$13 million.
In December 2013, we converted our interest in the Awak Mas gold project in Sulawesi, Indonesia, into a net smelter return royalty on the project. Vista will receive 2% on the first 1.25 million ounces of gold production and 2.5% on the next 1.25 million ounces of gold production from the Awak Mas project.
Contact Us
7961 Shaffer Parkway
Suite 5
Littleton, CO 80127
(720) 981-1185
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