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Vista Gold ( (TSE:VGZ) ) just unveiled an announcement.
Vista Gold Corp. has set a target to commence detailed engineering and design for its Mt Todd gold project by early 2027, a step that would launch a 27‑month schedule for design, construction and commissioning of the mine. Building on a 2025 feasibility study that reshaped Mt Todd as a smaller, higher‑grade, lower‑capex development using contractors to reduce risk, the company’s 2026 priorities include securing permit modifications aligned with the study, assembling an Australia‑based project development team, and completing technical recommendations such as metallurgical testing and potential geotechnical drilling to optimize pit design and ore reserves. Management frames this work program as positioning Mt Todd for near‑term development in a strong gold price environment, while keeping options open for joint ventures or other transactions that could enhance shareholder value.
The most recent analyst rating on (TSE:VGZ) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Vista Gold stock, see the TSE:VGZ Stock Forecast page.
Spark’s Take on TSE:VGZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:VGZ is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing operating losses, and persistent negative free cash flow). Support comes from a low-debt balance sheet and a constructive earnings-call narrative around improved Mt Todd project economics and leverage to gold prices. Technicals are mixed and valuation is constrained by a negative P/E and no dividend support.
To see Spark’s full report on TSE:VGZ stock, click here.
More about Vista Gold
Vista Gold Corp. is a gold development company focused on advancing its Mt Todd gold project in the Northern Territory of Australia, a Tier-1 mining jurisdiction. Mt Todd is a leading development-stage gold deposit with strong project economics, significant initial production potential, and meaningful expansion and exploration upside, supported by existing infrastructure, multiple development scenarios, and broad community backing. The company aims to unlock greater value by moving the project toward detailed engineering and ultimately establishing a long-lived, globally significant gold operation.
Average Trading Volume: 92,568
Technical Sentiment Signal: Buy
Current Market Cap: C$355.6M
See more insights into VGZ stock on TipRanks’ Stock Analysis page.