Improved Production Shown By Vista Gold Corporation

Dahlman Rose has published a research report on Vista Gold Corporation VGZ after the company exhibited improved production at the Batman Deposit at Mt. Todd. In the report, Dahlman Rose writes "Results from a new Preliminary Feasibility Study at the Batman Deposit at Mt. Todd indicates estimated proven and probable reserves of 4.1MM gold ounces, an increase of 103% from an earlier PFS announced in August 2010. The PFS also highlights improved production of 240,000 ounces gold annually with a 14 year mine life. A Full Feasibility Study for the Mt. Todd project has been initiated and is expected to be complete in late 2011. Given the typical permitting process for Australia and that Mt. Todd was a previously operating mine site, we would expect permits to be received before the end of 2012. Construction would likely take from one to two years, suggesting the first gold could be poured in late 2014." Dahlman Rose maintains its Buy rating and $21.70 price target. Vista Gold Corporation closed yesterday at $2.63.