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Yahoo
01-08-2025
- Business
- Yahoo
Vista Gold to Participate in Australia's Diggers & Dealers Mining Forum 2025
DENVER, August 01, 2025--(BUSINESS WIRE)--Vista Gold Corp. (NYSE American and TSX: VGZ) today announced that it will be participating in the upcoming Diggers & Dealers Mining Forum taking place August 4-6, 2025, in Kalgoorlie, Western Australia. Diggers & Dealers 2025 is Australia's leading mining forum, with more than 2,700 attendees and over 150 exhibitors. The forum is a key event for mining leaders, developers, explorers, brokers, bankers, investors, financiers and mining service industries from around the world. Vista's President and CEO, Fred Earnest, along with Chief Financial Officer, Doug Tobler and General Manager Australia, Brent Murdoch will be meeting with industry peers and representatives from the Australian financial community. Our leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the new direction in our development strategy that positions Mt Todd for near term development. About Vista Gold Corp. Vista holds the Mt Todd gold project, a leading development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. The project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. For further information about Vista or Mt Todd, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company's website at Forward Looking Statements This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the Company will be participating in the upcoming Diggers & Dealers Mining Forum 2025 taking place August 4-6, 2025 in Kalgoorlie, Western Australia; the Company's President and CEO, Chief Financial Officer, and General Manager Australia will be meeting with industry peers and representatives from the Australian financial community; the Company's leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the direction of the Company's development strategy that positions Mt Todd for near term development; the Company's belief that Northern Territory, Australia is a Tier-1 jurisdiction; the Company's belief that Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility; and statements related to the Company's strategy are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this news release include the following: the Company's forecasts and expected cash flows; the Company's projected capital and operating costs; the Company's expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mine development or mining activities will remain consistent; the Company's approved business plans, mineral resource and reserve estimates and results of preliminary economic assessments; preliminary feasibility studies and feasibility studies on the Company's projects, if any; the Company's experience with regulators; political and social support of the mining industry in Australia; the Company's experience and knowledge of the Australian mining industry and the Company's expectations of economic conditions and the price of gold. When used in this news release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company's future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on the Company's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in the Company's latest Quarterly Report on Form 10-Q as filed in May 2025, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements or forward-looking information whether as a result of new information, future events or otherwise. View source version on Contacts Pamela Solly, Vice President of Investor Relations(720) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
01-08-2025
- Business
- National Post
Vista Gold to Participate in Australia's Diggers & Dealers Mining Forum 2025
Article content DENVER — Vista Gold Corp. (NYSE American and TSX: VGZ) today announced that it will be participating in the upcoming Diggers & Dealers Mining Forum taking place August 4-6, 2025, in Kalgoorlie, Western Australia. Article content Diggers & Dealers 2025 is Australia's leading mining forum, with more than 2,700 attendees and over 150 exhibitors. The forum is a key event for mining leaders, developers, explorers, brokers, bankers, investors, financiers and mining service industries from around the world. Article content Article content Vista's President and CEO, Fred Earnest, along with Chief Financial Officer, Doug Tobler and General Manager Australia, Brent Murdoch will be meeting with industry peers and representatives from the Australian financial community. Our leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the new direction in our development strategy that positions Mt Todd for near term development. Article content About Vista Gold Corp. Article content Vista holds the Mt Todd gold project, a leading development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. The project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. Article content For further information about Vista or Mt Todd, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company's website at Article content Forward Looking Statements Article content This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the Company will be participating in the upcoming Diggers & Dealers Mining Forum 2025 taking place August 4-6, 2025 in Kalgoorlie, Western Australia; the Company's President and CEO, Chief Financial Officer, and General Manager Australia will be meeting with industry peers and representatives from the Australian financial community; the Company's leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the direction of the Company's development strategy that positions Mt Todd for near term development; the Company's belief that Northern Territory, Australia is a Tier-1 jurisdiction; the Company's belief that Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility; and statements related to the Company's strategy are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this news release include the following: the Company's forecasts and expected cash flows; the Company's projected capital and operating costs; the Company's expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mine development or mining activities will remain consistent; the Company's approved business plans, mineral resource and reserve estimates and results of preliminary economic assessments; preliminary feasibility studies and feasibility studies on the Company's projects, if any; the Company's experience with regulators; political and social support of the mining industry in Australia; the Company's experience and knowledge of the Australian mining industry and the Company's expectations of economic conditions and the price of gold. When used in this news release, the words 'optimistic,' 'potential,' 'indicate,' 'expect,' 'intend,' 'hopes,' 'believe,' 'may,' 'will,' 'if,' 'anticipate' and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company's future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on the Company's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings 'Note Regarding Forward-Looking Statements' and 'Risk Factors' in the Company's latest Quarterly Report on Form 10-Q as filed in May 2025, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements or forward-looking information whether as a result of new information, future events or otherwise. Article content Article content Article content
Business Wire
01-08-2025
- Business
- Business Wire
Vista Gold to Participate in Australia's Diggers & Dealers Mining Forum 2025
DENVER--(BUSINESS WIRE)--Vista Gold Corp. (NYSE American and TSX: VGZ) today announced that it will be participating in the upcoming Diggers & Dealers Mining Forum taking place August 4-6, 2025, in Kalgoorlie, Western Australia. Diggers & Dealers 2025 is Australia's leading mining forum, with more than 2,700 attendees and over 150 exhibitors. The forum is a key event for mining leaders, developers, explorers, brokers, bankers, investors, financiers and mining service industries from around the world. Vista's President and CEO, Fred Earnest, along with Chief Financial Officer, Doug Tobler and General Manager Australia, Brent Murdoch will be meeting with industry peers and representatives from the Australian financial community. Our leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the new direction in our development strategy that positions Mt Todd for near term development. About Vista Gold Corp. Vista holds the Mt Todd gold project, a leading development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. The project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. For further information about Vista or Mt Todd, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company's website at Forward Looking Statements This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the Company will be participating in the upcoming Diggers & Dealers Mining Forum 2025 taking place August 4-6, 2025 in Kalgoorlie, Western Australia; the Company's President and CEO, Chief Financial Officer, and General Manager Australia will be meeting with industry peers and representatives from the Australian financial community; the Company's leadership team will also be available to discuss details about the recently announced results of the new Mt Todd feasibility study and the direction of the Company's development strategy that positions Mt Todd for near term development; the Company's belief that Northern Territory, Australia is a Tier-1 jurisdiction; the Company's belief that Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility; and statements related to the Company's strategy are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this news release include the following: the Company's forecasts and expected cash flows; the Company's projected capital and operating costs; the Company's expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mine development or mining activities will remain consistent; the Company's approved business plans, mineral resource and reserve estimates and results of preliminary economic assessments; preliminary feasibility studies and feasibility studies on the Company's projects, if any; the Company's experience with regulators; political and social support of the mining industry in Australia; the Company's experience and knowledge of the Australian mining industry and the Company's expectations of economic conditions and the price of gold. When used in this news release, the words 'optimistic,' 'potential,' 'indicate,' 'expect,' 'intend,' 'hopes,' 'believe,' 'may,' 'will,' 'if,' 'anticipate' and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company's future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on the Company's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings 'Note Regarding Forward-Looking Statements' and 'Risk Factors' in the Company's latest Quarterly Report on Form 10-Q as filed in May 2025, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements or forward-looking information whether as a result of new information, future events or otherwise.
The Market Online
02-06-2025
- Business
- The Market Online
New study could unlock Vista Gold's Mt Todd Projects' full potential
By Peter Kennedy Vista Gold Corp. (TSX:VGZ) is generating renewed interest in its Mt Todd gold project in Australia by completing a new feasibility study that will dramatically reduce the cost of development. (Source: Resource World Magazine Inc.) The new feasibility study (FS), which is expected to be released in July 2025, will be an update on an earlier FS completed in 2022, with material project costs updated in 2024, demonstrating strong economics for development of 50,000 tonnes per day, nominally 17.5 million tonnes per annum operation. The 2024 study pegged the development cost at over $1.0 billion, a target that deterred major gold industry players who might have been mulling a joint venture interest. In December 2024, Vista launched a new Mt Todd feasibility study that aims to increase the reserve grade to 1 g/t gold using a higher cut-off grade and reduce the initial capex by 60% to about $400 million while achieving annual gold production ranging from 150,000 to 200,000 ounces from throughput rate of 15,000 tonnes per day or 5.2 million tonnes annually. By using contract mining, third-party power generation, and construction practices commonly used in Australia, the company believes there is an opportunity to maintain high capital efficiency at this project scale. 'We believe the release of the 15,000 tpd feasibility study results will be well-timed in the current gold cycle and serve as a catalyst to accelerate value creation,'' said Vista Gold President and CEO Fred Earnest. 'Mt Todd has tremendous leverage to gold. If prices were to go higher, it would be a tremendous thing for shareholders.' Earnest has been CEO since 2012 and a senior officer at Vista since 2006. (Source: Resource World Magazine Inc.) Vista has previously said its 100% owned Mt Todd project is positioned to be one of Australia's largest and lowest cost new gold producers. Located in Northern Territory, about 250 kilometres southeast of Darwin, Mt Todd contains more than 7.8 million ounces of gold resources in the measured and indicated categories. The project is in an area that the company has described as one of the world's most attractive mining jurisdictions. Former owner/operator Pegasus Gold built an 8.0 million tonnes per year flotation carbon-in-leach plant to improve recoveries from the Batman Deposit that were achieved by a heap leach operation. The plant was commissioned in November 1996 but was shut down in mid-1997 when the price of gold fell below US$300 an ounce. Vista Gold acquired Mt Todd in 2006 through a series of contracts with Pegasus Gold Australia, the Jawoyn Aboriginal Association Corp. (JAAC), the Northern Territory Government (NGT). The JAAC are the freehold owners of the surface land in the area of the Mt Todd project. Completion of the new 15,000 tonne per day feasibility study is key to creating long term value for shareholders. It aims to demonstrate an achievable path for project development through a joint venture partnership. However, the company believes the project could be advanced on a stand-alone basis under the right market conditions. (Source: Resource World Magazine Inc.) Speaking in an interview from his Colorado office, Earnest said the Mt Todd project has a lot going for it, including existing infrastructure that he believes will reduce the development risk and shorten the production timeline. They include paved roads to the mine site, connection to the electric grid and a natural gas pipeline to the site. 'Mt Todd is a permitted, ready-to-build development opportunity in the current environment of a strong gold market and diminishing major deposit discoveries,'' Earnest said. However, he said the company has had to grapple with the fact that major industry players tend to choose projects that offer immediate cash flow. 'Presently this suggests that producers view operational risk as being easier to overcome than development risk,'' he explained. However, it is worth noting that ready-to-build projects like Mt Todd are positioned as valuable assets in an environment of decreasing major gold discoveries. Since 2020, there have been only five major discoveries with a total of 17 million ounces of gold, according to S&P Gold Market Intelligence, August 8, 2024. Recent discoveries are scarce and smaller in size with an average of 3.5 million ounces compared to the 5.5-million-ounce average from 2010 to 2019. As a result, Earnest takes the view that scarcity of new discoveries will drive greater focus on optimizing existing projects and acquiring advanced stage projects. Watching the situation closely will be Wheaton Precious Metals Corp. (WPM-TSX, WPM-NYSE) which agreed in December 2023, to spend $20 million to acquire a royalty interest in the Mt Todd project. Under the agreement, Wheaton pledged to acquire a royalty equal to 1.0% of gross revenue from the sale or disposition of minerals from the project, subject to certain adjustments. In return for the asset, Wheaton agreed to provide Vista with $20 million to advance Mt Todd and for general corporate purposes. The royalty is at a rate of 1.0% of gross revenue from the project if completion objectives for the project are achieved by April 1, 2028. Thereafter, the royalty shall increase annually at a rate of 0.13% to a maximum of 2.0%. Any annual increases after April 1, 2028 shall be reduced on a pro rata basis to the extent that Mt Todd has initiated operations but has yet to achieve agreed upon completion objectives. The Mt Todd project contains proven and probable reserves of 280.4 million tonnes with a grade of 0.77 g/t gold or 6.98 million ounces of gold. The measured and indicated resource stands at 299.1 million tonnes with a grade 0.82 g/t gold or 7.87 million ounces. That material is located in the Batman deposit, Heap Leach pad, and Quigley's deposit. Measured and indicated resources in the Batman Deposit currently stand at 7.36 million ounces of grade 0.82 g/t gold. The company has said it sees district-scale exploration potential on its 1,581 square kilometres of exploration licenses. It said prior drilling within the boundaries of its mining licenses identified four promising targets on the 24-kilometre Batman Driffield Trend with potential to add 1.8 million to 3.5 million gold ounces to the resource base. It is expected that the new feasibility study will be accompanied by a revised resource estimate that considers the higher cut-off grade. On May 28, 2025, the shares traded at US$1.22 on NYSE American in a 52-week range of US$1.30 and US$0.46. Resource World Magazine Inc. has prepared this editorial for general information purposes only and should not be considered a solicitation to buy or sell securities in the companies discussed herein. The information provided has been derived from sources believed to be reliable but cannot be guaranteed. This editorial does not take into account the readers investment criteria, investment expertise, financial condition, or financial goals of individual recipients and other concerns such as jurisdictional and/or legal restrictions that may exist for certain persons. Recipients should rely on their own due diligence and seek their own professional advice before investing. This is third-party provided content issued on behalf of Vista Gold Corp., please see full disclaimer here.
Yahoo
03-05-2025
- Business
- Yahoo
Vista Gold Corp (VGZ) Q1 2025 Earnings Call Highlights: Advancing Mount Todd Amid Financial ...
Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Vista Gold Corp (VGZ) advanced the 15,000 tons per day Mount Todd feasibility study as planned, demonstrating progress towards their 2025 goals. The company maintained a strong cash position with $15 million on hand at the end of Q1 2025, supporting ongoing work at Mount Todd. Vista Gold Corp (VGZ) achieved 1,264 consecutive days without a lost-time accident, highlighting their commitment to safety. The feasibility study aims to significantly reduce initial capital costs, making the project more attractive to potential investors and partners. The company has no debt, which strengthens its financial stability and flexibility. Vista Gold Corp (VGZ) reported a net loss of $2,708,000 for Q1 2025, an increase from the $1,073,000 loss in Q1 2024. The increase in net loss was partly due to the absence of a gain from the sale of used mill equipment, which contributed $802,000 in Q1 2024. Mount Todd net expenses for exploration, property evaluation, and holding costs increased, contributing to the higher net loss. The company's cash position decreased from $16.9 million at the end of 2024 to $15 million at the end of Q1 2025. There is a perceived disconnect between the company's share price and the intrinsic value of the Mount Todd project, partly due to high initial capital investment concerns. Warning! GuruFocus has detected 3 Warning Signs with CMLS. Q: Can you provide some color on the recent increased interest in Mount Todd and the gold market? A: Fred Earnest, CEO, noted that the recent strength in gold prices has driven renewed interest in the gold sector and Mount Todd. The company has observed strong interest from institutional investors and potential partners, particularly due to efforts to decrease initial capital costs for the project. Q: How does the current Australian gold price impact the profitability of the Mount Todd project? A: Fred Earnest, CEO, explained that with many project costs in AUD, the record-high Australian gold price of around $5,000 per ounce is favorable. This situation is advantageous as the company advances the feasibility study, potentially benefiting shareholders and stakeholders. Q: Why is there a disconnect between Vista Gold's share price and the value of its resources? A: Fred Earnest, CEO, acknowledged the disconnect, attributing it to the high initial capital costs of the project at a larger scale. The new feasibility study aims to reduce these costs by considering a smaller scale project, which could attract more partners and improve financing prospects. Q: What are the expectations for the feasibility study and its impact on the company's valuation? A: Fred Earnest, CEO, stated that the feasibility study, expected mid-2025, aims to confirm Mount Todd's position as an attractive project with lower initial capital costs. This could serve as a catalyst for re-rating the company's valuation, aligning it more closely with its resource value. Q: How is Vista Gold positioning itself in the current gold cycle? A: Fred Earnest, CEO, emphasized that the company is committed to completing the feasibility study and leveraging the current gold cycle. The study's results are expected to enhance Mount Todd's attractiveness and potentially accelerate value creation for shareholders. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
