Latest news with #MtToddFeasibilityStudy
Business Wire
5 days ago
- Business
- Business Wire
Vista Gold Announces Second Quarter 2025 Financial Results
DENVER--(BUSINESS WIRE)--Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for the quarter ended June 30, 2025, with cash totaling $13.2 million at quarter-end. All dollar amounts in this press release are in U.S. dollars. Frederick H. Earnest, President and CEO of Vista, said, 'During the second quarter, we maintained a strong balance sheet and advanced the 15,000 tonnes per day Mt Todd Feasibility Study. We announced the results of the Feasibility Study on July 29, 2025. We are very pleased with the strong economic results, reduced initial capital, increased gold mineral reserves grade, and stable gold production over many years. The Feasibility Study represents a major milestone for Vista, highlighting a strategic shift toward a smaller initial scale, near-term development opportunity at Mt Todd while preserving optionality for expansion. As we continue to build on Mt Todd's strengths as a leading development opportunity within the gold sector, our immediate focus is on increasing awareness of the value of Mt Todd and pursuing the best path to deliver value for our shareholders.' For more information on the 2025 Mt Todd Feasibility Study, please see news release. Summary of Financial Results Vista reported a consolidated net loss of $2.4 million, or $0.02 per common share, for the quarter ended June 30, 2025, compared to net income of $15.6 million, or $0.13 per common share, for the quarter ended June 30, 2024. Net income for the quarter ended June 30, 2024 included a recognized gain of $16.9 million upon receipt of the final instalment under the royalty agreement. Cash and cash equivalents totaled $13.2 million at June 30, 2025, compared to $16.9 million at December 31, 2024. The Company continued to have no debt. Management Conference Call Management's conference call to review financial results for the quarter ended June 30, 2025 and to discuss corporate and project activities is scheduled for August 13, 2025 at 10:00 a.m. MDT (12:00 p.m. EDT). Participant Toll Free: +1 (800) 717-1738 Participant International: +1 (289) 514-5100 Conference ID: 75778 This call will be archived and available at after August 13, 2025. An audio replay will also be available through August 27, 2025 by calling toll-free in North America +1 (888) 660-6264 or +1 (289) 819-1325 using passcode 75778#. If you are unable to access the audio or phone-in on the day of the conference call, please email your questions to ir@ About Vista Gold Corp. Vista holds the Mt Todd gold project, a development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Mt Todd is a leading development opportunity within the gold sector. The Project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. The project offers strategic optionality through development as a large or mid-scale project. 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 are forward-looking statements and forward-looking information. These forward-looking statements and forward-looking information include, but are not limited to statements regarding such things as the Company's belief that Mt Todd is a leading development opportunity within the gold sector and that Northern Territory, Australia is a Tier-1 mining jurisdiction; the Company's belief that the feasibility study delivered strong economic results, reduced initial capital, increased gold mineral reserves grade, and stable gold production over many years; the Company's belief that Mt Todd is a near-term development opportunity; the Company's belief that it has preserved the optionality for expansion at Mt Todd; the Company's immediate focus is on increasing awareness of the value of Mt Todd and pursuing the best path to deliver value for its shareholders; the Company's belief that the Mt Todd project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility; the Company's belief that the project offers strategic optionality through development as a large or mid-scale project and statements related to the Company's strategy. 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 resources and mineral reserves 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 or elsewhere, 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 capital costs, operating costs, non-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 Annual Report on Form 10-K as filed in February 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
07-08-2025
- Business
- The Market Online
A paradigm shift in the development of the Mt Todd gold project
Today we're talking with Vista Gold (NYSEAM:VGZ)(TSX:VGZ), a company pushing forward at full speed with Mt Todd, its flagship gold project in Australia. This article is disseminated in partnership with Vista Gold Corp., It is intended to inform investors and should not be taken as a recommendation or financial advice. The following is a transcription of the above video, and The Market Online has edited it for clarity . With a fresh Feasibility Study completed earlier this week and a packed 2025 game plan, this story's heating up fast. Frederick Earnest, President and CEO of Vista Gold, joins Coreena Robertson to share where things stand and where they're headed next. Coreena: Now, earlier this week you released impressive results from the new Mt Todd Feasibility Study. Please discuss some of the most important highlights of this study. Frederick: I think first of all with the change in size of the project, we substantially reduced the CapEx of the project. It's dropped almost 60%. The initial CapEx is now estimated to be US$425 million. We've taken some measures to raise the cutoff grade. The average grade of ore delivered to the mill is up 23% at 1.04 grams per ton for the first 15 years of the project. The NPV and IRR, we're just really pleased with those. We used a $2,500 gold price and are reporting an NPV5 of $1.1 billion with an IRR at that gold price of 27.8%. All in sustaining cost, just a little under $1,450 an ounce. So really, really good numbers. Coreena: Now in yesterday's investor conference call, you mentioned that a new study is in a paradigm shift in the development of Mount Todd. Please talk more about that. Frederick: For more than a decade, we've evaluated Mt Todd as a 50,000 ton per day operation, 17.5 million tons per year. We've decided that's just too big for us. And so, this new study looks at a project that is 15,000 tons per day, or 5.3 million tons per annum. That's a big shift right there. And so, in addition to right sizing the project, we've also taken some steps to have the right scope. Some things like, we've brought in contract mining. We've mentioned the prioritizing grade over tons. We're very pleased with the set of consultants that we worked with on this Feasibility Study. Many of whom are based in Australia. The study author GR Engineering Services ('GRES') has a tremendous track record of not only designing but engineering and building gold projects of similar scale in Western Australia. And I think that they bring an incredible amount of credibility to the study. And we've preserved the optionality. Not only have we evaluated this smaller project, but we've allowed the space for it to be expanded and at the same time, not killed ounces, that if a bigger company wants to look at this and evaluate a bigger project, it's still there. So, I think that we've added a new dimension and preserved all of the past excitement about the project. Coreena: Lots of options now, feasibility study first, but then what, what does next steps actually look like for Vista? Are you preparing for a financing push, a partner or straight into development? Frederick: The next 8 to 12 weeks are going to be really busy for us with trying to create broad awareness and interest in this project at a smaller scale. Obviously, we talked about options as far as development whether that's building it ourselves or joint venturing it, or whether it ends up being a transaction at a project level or a corporate level. The first thing is to really get out there on the street and talk about what we've done, what we've accomplished, the selling points of the project, and then we're going to have some work to do to evaluate and further those discussions. We started signing a number of confidentiality agreements several weeks ago. I expect that we'll be signing more. Doug Tobler, our CFO and I are headed to Diggers and Dealers. a big conference in Australia that'll be going on next week. And very excited for the opportunity to meet with some of our Australian gold producing peers and talk about a new Mt Todd Gold Project. Coreena: Now, a lot of juniors talk about value creation, but most don't have a project like Mt Todd to back it up. So, real talk. What needs to line up in 2025 for Vista Gold to finally get the re-rate you believe is coming? Frederick: Well, first of all, I'm counting on a continued strong gold price. I think that's one element that's just really, really important for us. But second of all, one of the things that would help us out immensely would be just a small shift in the focus of producers toward looking at development projects. We've seen tremendous interest in producers acquiring producers. I think that we're at the top of the list when it comes to development stage projects. We have a great project that's large, permits are in place for the large project. We just need a little shift in that the development stage projects are a good thing. I think just genuine interest from one or two companies would go a long ways with the investment community to help them see that this really is a project that can be built today. And then we've got a lot of hard work to do. We're not going to count on luck or anything like that. We know what we've got to do and we're ready to get after it. Join the discussion: Find out what the Bullboards are saying about Vista Gold Corp. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
