Stock News Summary: Vista Gold Corp. (NYSE: VGZ)
Vista Gold Corp. (NYSE: VGZ) noted a down move of -0.04% in most recent trading session with finishing price of $0.75. The company negotiated 73273 shares compared to an average volume of 262.36K shares. EPS growth for this year is 28.40%. The stock as of last trading session moved at 101.26% from its 52-week low and was trading at -28.60% to its 52-week high.
Vista Gold Corp. (VGZ) recently reported that the Company has entered into an amendment to the net smelter return (“NSR”) royalty contract between Vista and PT Masmindo DWI Area (“PT Masmindo”) dated December 11, 2013 (the “Amending Contract), pursuant to which Vista granted PT Masmindo the right to cancel the NSR royalty held by Vista on the Awak Mas gold project in Indonesia (“Awak Mas”).
Frederick H. Earnest, Vista’s President and CEO, commented, “We are happy with Nusantara’s efforts to advance the Awak Mas project. As stated by Nusantara in their October 4, 2018 Australian Securities Exchange announcement, the Awak Mas project presently contemplates production of nearly 1.1M ounces over the 11.25-year life of the project. A normal development cycle suggests that commencement of production is likely to be at least three years in the future. This Amending Contract provides Vista with an excellent prospect to monetize its NSR royalty on Awak Mas in the near term and still maintain longer term exposure to potential upside through the Nusantara ordinary shares.”
During the twelve month it rose at 38.27% and year to date performance of 42.80%. The corporation lost at -3.26% in past week and declined with -9.13% in one month. During the past three-month period the stock dropped of -26.50% and increased at 28.15% in past six month.