By Mark Gordon, Independent Investment Research
Vista Gold Corp (“Vista” or “the Company”) has taken a very measured and thorough approach in efforts to optimise and bring the Mt Todd Gold Project (“Mt Todd” or “the Project”) in the Northern Territory of Australia towards production, and to add value to the Project with efforts appearing to be paying off. The Company came into the Project (which had seen the demise of two previous operators) in 2006 with “eyes wide open”, and subsequent activities have seen previous issues largely overcome. These have included the successful environmental remediation of issues relating to acid mine drainage, working through metallurgical challenges which dogged the previous operators and significant upgrading of the Mineral Resource Estimates (“MRE”) and Ore Reserves. Activities are now focussed on delivering an upgraded Pre-feasibility Study (“PFS”) in late 2017 or early 2018, followed by a Definitive Feasibility Study (“DFS”).