Vista Gold (TSE:VGZ) has released an update.
Vista Gold Corp. has announced a favorable shift in the Northern Territory’s mineral royalty system, which will see a new ad valorem royalty regime that includes a 3.5% royalty rate on gold produced from its Mt Todd project. This change is expected to significantly reduce the payable royalties by nearly 50%, potentially improving project economics and accelerating shareholder returns. The Northern Territory government’s move aims to stimulate mining industry growth and enhance its competitiveness.
For further insights into TSE:VGZ stock, check out TipRanks’ Stock Analysis page.
