Business
Vista Gold Announces First Quarter 2025 Financial Results
Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for...
About this update from Vista Gold Corp
[{"type":"text","content":"Vista Gold Announces First Quarter 2025 Financial Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for the quarter ended March 31, 2025, with cash totaling $15.0 million at quarter-end. All dollar amounts in this press release are in U.S. dollars.\n \n\n Frederick H. Earnest, President and CEO of Vista, said, “During the quarter, we made significant progress toward achieving our 2025 corporate goals. We continued to advance the 15,000 tonne per day Mt Todd feasibility study as planned, completed 1,264 consecutive days without a lost time accident, and ended the quarter with a strong cash position. We remain focused on delivering the feasibility study by mid-2025, prioritizing the efficient use of our cash, and creating long-term value for shareholders through disciplined execution and strategic advancement of our Mt Todd gold project.”\n \n\n\n Feasibility Study\n \n\n\n The 15,000 tpd Mt Todd feasibility study aims to increase the reserve grade to 1 gram gold per tonne by applying a higher cut-off grade. It will also incorporate mine scheduling optimization strategies that prioritize higher grade ore during the early years of operation. Additionally, the study aims to reduce initial capex by 60% to $400 million, while averaging annual gold production of 150,000 to 200,000 ounces. This study will leverage prior technical studies, preserve the potential for future expansion, and demonstrate the opportunity for Mt Todd to deliver attractive economic returns with a smaller initial capital investment.\n \n\n\n Mineral Resources Estimate\n \n\n\n The resource block model has been updated to incorporate data from the Company’s 2020-2022 and 2024 drilling programs and is being used as the basis for the new mine plan in the feasibility study. The mineral resources estimate will be completed and announced as part of the feasibility study.\n \n\n\n Strategy\n \n\n\n Vista is advancing Mt Todd in ways that efficiently position the project for development. The Company is focused on unlocking the potential of Mt Todd to maximize shareholder value. Vista believes the release of the 15,000 tpd feasibility study results will be well-timed in the current ...