Vista Gold Corp (VGZ)

[Picassa]

In 2007, Vista Gold spun out Allied Nevada Gold, which is now a profitable gold and silver producer with a market cap of $2.1 billion. Vista is now trying to transition into a viable mid-sized gold producer by developing its Concordia gold project in Mexico and its Mt. Todd gold project in Australia, which have proven and probable reserves of 1.3 million and 2 million ounces of gold, respectively.

Once the projects come on stream, Concordia should produce an average of 142,900 ounces of gold over the first five years and 127,400 ounces annually for the remaining 5 years. Mt. Todd has the capacity to produce 187,500 ounces of gold annually over the mine's 9-year life.