Vista Gold Advances Mt Todd Gold Project, Detailed Design Expected by 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Should l Buy VGZ?
Vista Gold announced continued progress at its Mt Todd gold project and outlined the pathway to initiate detailed engineering and design by early 2027. This milestone is expected to initiate a 27-month design, construction, and commissioning process. The Mt Todd Feasibility Study, which was completed in July 2025, demonstrated the potential for near-term development of a smaller initial project by prioritizing higher grade ore to the processing plant, significantly lowering initial capital costs, and incorporating contractors to reduce development and operational risks. The focus for 2026 is on establishing the foundation for the successful execution of the Mt Todd project. Vista has commenced efforts to obtain permit modifications and is actively engaged with consultants, regulators, and stakeholders. The company anticipates the approval of all modifications will be achieved by the end of this year. Completing recommendations presented in the 2025 FS is underway.
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Analyst Views on VGZ
Wall Street analysts forecast VGZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VGZ is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.210
Low
3.00
Averages
3.00
High
3.00
Current: 2.210
Low
3.00
Averages
3.00
High
3.00
About VGZ
Vista Gold Corp. and its subsidiaries operate as a development-stage company in the gold mining industry. The Company’s flagship asset is the Mt Todd Gold Project (Mt Todd), a ready-to-build development-stage gold deposit located in the Tier-1 jurisdiction of the Northern Territory, Australia (the NT). Mt Todd is located about 56 kilometers (km) by road northwest of Katherine, NT, Australia, and approximately 290 km by road southeast of Darwin, NT. It holds Mt Todd through its wholly owned subsidiary Vista Gold Australia Pty. Ltd. (Vista Gold Australia). The total land holdings controlled by Vista Gold Australia are approximately 1,637 square kilometers. In Mt Todd, the Company holds an interest in mineral licenses (MLs), including MLN 1070, MLN 1071, MLN 1127 and MLN 31525, and exploration licenses (ELs), such as EL29882, EL29886, EL30898, EL32004 and ELA32005.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Outlook: The Mt Todd gold project is regarded as a leading development-stage gold deposit with strong project economics and significant initial production capacity, expected to create long-term value for the company and support future expansion and exploration opportunities.
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