Exhibit 5

                                CAMPION MACDONALD
                            Barristers and Solicitors

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C. Brian Campion                                      Suite 200, Financial Plaza
Grant Macdonald, Q.C.                                         204 Lambert Street
Gareth C. Howells                                        Whitehorse, YT  Y1A 3T2
James R. Tucker                                        Telephone: (867) 667-7885
Ken Kilpatrick                                               Fax: (867) 667-7600
                                                     Email: ghowells@anton.yk.ca
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June 26, 2002

Vista Gold Corp.
Suite 5, 7961 Shaffer Parkway
Littleton, Colorado
80127

Dear Sirs/Mesdames:

Re: Vista Gold Corp.
    Our File: 20020519

We have acted as special Yukon counsel for Vista Gold Corp., a corporation
incorporated under the laws of British Columbia and continued to the Yukon
Territory (the "Company"), which we understand has filed with the Securities and
Exchange Commission (the "Commission") under the Securities Act of 1933, as
amended (the "Securities Act"), a Registration Statement on Form S-3 (the
"Registration Statement"), including a prospectus to be filed with the
Commission pursuant to Rule 424(b) of Regulation C promulgated under the
Securities Act (the "Prospectus") relating to an aggregate of 7,999,974 common
shares without par value (the "Shares"), of the Company, of which: (i) 1,296,296
Shares (the "Issued Shares") are currently issued and outstanding; (ii)
2,703,691 Shares (the "Debenture Shares") are issuable on conversion of
outstanding debentures (the "Debentures") of the Company and (iii) 3,999,987
Shares (the "Warrant Shares") are issuable on exercise of outstanding warrants
of the Company (the "Warrants"), including warrants to be issued on conversion
of the Debentures. All 7,999,974 Shares will be sold by certain security holders
of the Company (the "Selling Security Holders").

For the purpose of this opinion we have reviewed such corporate records of the
Company and such other documents as we have deemed appropriate to give this
opinion.

We have assumed the genuineness of all signatures, the legal capacity of all
individuals and the authenticity of all documents submitted to us as originals,
the conformity to authentic original documents of all documents submitted to us
as certified, conformed or photostatic copies or facsimiles thereof, and the
completeness and accuracy of the corporate records in our possession as of the
date hereof.


CAMPION MACDONALD

                                      - 2 -


Based upon and subject to the foregoing, we are of the opinion that:

  1.  The Issued Shares have been duly authorized and validly issued and are
      fully paid and non-assessable common shares in the capital of the Company.

2.    The Debenture Shares to be issued upon the conversion of the Debentures
      have been allotted and duly authorized for issuance to the holders, from
      time to time, of the Debentures and the Debenture Shares will, when issued
      upon the conversion of the Debentures in accordance with the terms of the
      Debentures, be validly issued to the holder thereof as fully paid and
      non-assessable common shares in the capital of the Company.

3.    The Warrant Shares to be issued upon exercise of the Warrants have been
      allotted and duly authorized for issuance to the holders, from time to
      time, of the Warrants, and the Warrant Shares will, when issued upon the
      exercise of the Warrants in accordance with the terms of the Warrant
      certificates, be validly issued to the holder thereof as fully paid and
      non-assessable common shares in the capital of the Company.

The opinions expressed in this letter are subject to the following exceptions
and qualifications:

(a)   we do not express any opinion with respect to the laws of any jurisdiction
      other than the Yukon Territory and the laws of Canada specifically
      applicable thereto; and

(b)   our opinions are based on legislation and regulations in effect on the
      date hereof.

We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to this firm appearing under the
heading "Legal Matters" in the Prospectus. In giving such consent, we do not
thereby admit that we are in the category of persons whose consent is required
under Section 7 of the Securities Act or the General Rules and Regulations of
the Commission thereunder.

Yours very truly,

CAMPION MACDONALD


Gareth C. Howells
GCH/e