Vista Gold Corp. (NYSE American:VGZ) (TSX: VGZ) announced receipt of a $1.1 million payment from Prime Mining Corp.
As announced on June 15, 2020 (see news release), Prime Mining is required to pay Vista $2.1 million in lieu of being granted certain royalties and back-in rights relating to the Guadalupe de los Reyes gold / silver project in Mexico. The remaining $1.0 million payment is due no later than July 2021. If Prime Mining fails to make the remaining payment, Vista will have the right to reinstate its royalties and back-in rights.
All dollar amounts in this press release are in U.S. dollars.
About Vista Gold Corp.
The Company is a gold project developer. The Company’s flagship asset is the Mt Todd gold project in the Tier-1 mining jurisdiction of Northern Territory, Australia. Mt Todd is the largest undeveloped gold project in Australia and if developed as presently designed, would potentially be Australia’s 6th largest gold producer on an annual basis.
Libero Copper & Gold Corporation (TSX-V: LBC) (OTCQB: LBCMF) ... READ MORE
Goldshore to Complete Concurrent $25 Million Equity Financing &am... READ MORE
Group Eleven Resources Corp. (TSX-V: ZNG) (OTC: GRLVF) (FRA: 3GE)... READ MORE
SRG Mining Inc. (TSX-V: SRG) is pleased to announce that i... READ MORE
Highlights Drilling results confirmed presence of gold mineraliza... READ MORE