<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
February 7, 2000
Date of report (Date of earliest event reported)
VISTA GOLD CORP.
(Exact Name of Registrant as Specified in Its Charter)
YUKON TERRITORY, CANADA
(State or Other Jurisdiction of Incorporation)
1-9025 NOT APPLICABLE.
(Commission File Number) (IRS Employer Identification No.)
370 SEVENTEENTH STREET, SUITE 3000,
DENVER, CO USA 80202
(Address of Principal Executive Offices) (Zip Code)
(303) 629-2450
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE.
(Former Name or Former Address, if Changed Since Last Report)
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VISTA GOLD CORP.
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not applicable.
ITEM 5. OTHER EVENTS.
PRESS RELEASE DATED FEBRUARY 7, 2000 ANNOUNCING AGREEMENTS IN BOLIVIA.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired:
Not applicable.
(b) PRO FORMA financial information:
Not applicable.
(c) Exhibits
20.1 Press release dated February 7, 2000 announcing Agreements
in Bolivia.
ITEM 8. CHANGE IN FISCAL YEAR.
Not applicable.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VISTA GOLD CORP.
(Registrant)
Date: February 7, 2000 By: /s/ Roger L. Smith
------------------------------
Roger L. Smith
Vice President Finance
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EXHIBIT INDEX
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EXHIBIT NO. PAGE NO.
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20.1 Press release dated February 7, 2000
announcing Agreements in Bolivia. 5
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[LETTERHEAD]
Trading Symbol: VGZ
Toronto and American Stock Exchanges
______________________________________ NEWS __________________________________
VISTA GOLD ANNOUNCES AGREEMENTS IN BOLIVIA
DENVER, COLORADO, FEBRUARY 7, 2000 - Vista Gold Corp. announced today
agreements with the Bolivian Government confirming financial incentives for
the Amayapampa project and for the sale of the inactive Capa Circa mine in
Bolivia. Vista is selling Compania Yamin Ltda. ("Yamin"), which owns the
Capa Circa mine, to a company owned by the former workers. The sale involved
negotiations with both the government and the mine workers. The resulting
agreements will mean reduced holding costs in Bolivia and enhanced economics
of the Corporation's Amayapampa project. The terms of the sale of Yamin to
the workers include approximately $300,000 in cash payments to Vista, the
assumption of Yamin debts and a production royalty. At the same time, the
agreement reached with the government concerning the accelerated recovery of
$1.9 million of taxes and duties associated with defined infrastructure
projects for the development of the Amayapampa project eliminates uncertainty
and assists the Corporation with project financing.
"The Corporation is anxious to move forward with the development of the
Amayapampa project as soon as the gold price allows," said Mike Richings,
President and CEO of Vista Gold Corp., "and these agreements will make the
task of financing this project easier. We are pleased with the outcome of
these negotiations, which required a cooperative effort between the
Corporation, the workers and various government ministries. This agreement
shows the willingness of the Bolivian Government to work closely with foreign
investors in the mining sector to assist with new mine development which
would bring needed jobs to remote, less developed regions of the country."
The Capa Circa mine, which has no estimated mineable reserves, was once
thought to contain sufficient gold to enhance the economics of the Amayapampa
project. Further studies, however, have shown the mineralization to be
limited to narrow veins with little potential to improve the overall
profitability of the Amayapampa development. The Capa Circa mine is more
suited for small-scale underground mining as will be carried out by the
miners' cooperative. The Amayapampa project, on the other hand, will be
mined by open-pit methods using modern mining techniques. Vista is currently
finalizing its development plans for Amayapampa and is refining a number of
strategies which, depending on cut-off grade, contain mineable reserves,
calculated at a $300 per ounce gold price, from 440,000 ounces of gold to
525,000 ounces with cash production costs of $160 to $183 per ounce. The
capital cost, including working capital, would be approximately $26 million.
Vista Gold Corp. is an international gold mining, development and exploration
company based in Denver, Colorado. Its holdings include the Hycroft mine in
Nevada, development properties in Bolivia and exploration projects in North
and South America.
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The statements that are not historical facts are forward-looking statements
involving known and unknown risks and uncertainties that could cause actual
results to vary materially from the targeted results. Such risks and
uncertainties include those described in the Company's Form 10-K as amended.
For further information, please contact Investor Relations at (303) 629-2450.
