Vista Gold announces favorable changes to Australian territory royalties regime

Vista Gold announced that the Northern Territory, Australia, has passed legislation to enact the Mineral Royalties Act 2024 effective July 1. The Royalties Act will replace the prior net profits royalty regime with an ad valorem royalty regime for new mines. The new effective royalty rate is expected to positively impact project economics for the company’s Mt Todd gold project in the NT. The royalty rate applicable to gold dore from Mt Todd will be 3.5% of the value of gold produced. The new royalty rate will represent nearly a 50% reduction in payable royalties.