09:09 AM EDT, 06/21/2024 (MT Newswires) -- Vista Gold ( VGZ ) said Friday its Vista Gold Australia unit has received the third and final $10 million installment under the royalty deal between Vista Gold Australia and Wheaton Precious Metals Co. regarding Vista Gold's ( VGZ ) Mt Todd gold project in Australia.

The $10 million payment is part of the $20 million royalty with Wheaton, which will be used for advancing Mt Todd and for general corporate purposes, the company added.

Wheaton Precious Metals Co. is an affiliate of Wheaton Precious Metals Corp. ( WPM ) .

Vista Gold's ( VGZ ) stock was up 2.7% in recent Friday premarket activity, while Wheaton Precious Metals ( WPM ) was marginally up by 0.6%.

Price: 0.4950, Change: +0.01, Percent Change: +2.70