07:33 AM EDT, 06/21/2024 (MT Newswires) -- Vista Gold ( VGZ ) said Friday that its wholly-owned subsidiary, Vista Gold Australia Pty., received the third and final installment payment of US$10 million ($13.7 million) under the royalty agreement between Vista Australia and Wheaton Precious Metals ( WPM ) Co., an affiliate of Wheaton Precious Metals ( WPM ).

The payment is linked to the Mt Todd gold project in Northern Territory, Australia. The final installment is part of the US$20 million royalty agreement with Wheaton and will be used to advance Mt Todd and for general corporate purposes.