Event Details
Date : May 13th, 2009
Time: 10:00 AM ET
Vista Gold Corp. is an international gold mining company based in Littleton, Colorado, with a plus 20-year history of gold exploration, development and operations.
Vista is traded on both the TSX and NYSE Amex under the symbol VGZ. In 2001, Vista correctly anticipated that gold prices would increase and higher prices would be sustained for many years to come. As a result, Vista acquired a number of discovered and tested gold projects during 2001-2006. During 2006 and 2007, Vista completed transactions that resulted in the formation and successful value adding spin-off to its shareholders of Allied Nevada Gold Corp. Since the spin-off Vista has sold one project and currently holds six projects with an estimated 1.3 million ounces of proven and probable reserves, 10.9 million ounces of measured and indicated resources and 4.3 million ounces inferred.
The definitive feasibility study completed in September 2008 on the Paredones Amarillos Project in Mexico indicated positive results. In December two parcels of land were purchased, one for the process plant and other infrastructure in the project area and the other near the Pacific Ocean for the desalination plant. Vista is currently undertaking programs to advance the Paredones Amarillos Project with the expectation that construction can begin late 2009 or early 2010, subject to the receipt of the final permit and financing.
In January Vista announced the results of the new resource estimate for Mt. Todd. The 2008 drilling program resulted in a 57% increase in gold resources with measured and indicated mineral resources now estimated to be 4.5 million ounces gold. Vista expects to complete an updated Preliminary Economic Assessment shortly and is currently undertaking a pre-feasibility study of the project.
Vista's other holdings include the Yellow Pine Project in Idaho, Guadalupe de los Reyes Project in Mexico, Long Valley Project in California, and Awak Mas Project in Indonesia.