Advance of Mount Todd in the middle of financial …

Appearance date: May 02, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• The Vista Gold Corp (VGZ) has preferred the feasibility study of 15,000 tons per day as planned to the feasibility study, which shows progress in relation to its 2025 goals.

• At the end of the first quarter of 2025, the company held a strong cash position with $ 15 million and supported the ongoing work on Mount Todd.

• Vista Gold Corp (VGZ) achieved 1,264 consecutive days without an accident lost, which emphasized their commitment to security.

• The feasibility study aims to significantly reduce the initial capital costs and make the project more attractive for potential investors and partners.

• The company has no debts, which strengthens its financial stability and flexibility.

• Vista Gold Corp (VGZ) recorded a net loss of $ 2,708,000 for the first quarter of 2025, which compared to the loss of $ 1,073,000 in the first quarter of 2024.

• The increase in the net loss was partly due to the lack of a profit from the sale of used mill equipment, which contributed 802,000 $ 802,000 in the first quarter of 2024.

• The net costs of Mount Todd for exploration, real estate evaluation and holding costs rose and contribute to the higher loss of net.

• The company's cash position decreased from USD $ 16.9 million to $ 15 million at the end of the first quarter of 2025.

• There is a perceived separation between the company's share price and the internal value of Mount Todd project, some of which are high initial capital investment investments.

Q: Can you offer the recently increased interest in Mount Todd and the gold market color? A: Fred Earnest, CEO, found that the recent strength of gold prices was controlled to a new interest in the gold sector and Mount Todd. The company has observed a strong interest of institutional investors and potential partners, in particular due to the efforts to reduce the initial capital costs for the project.

Q: How does the current Australian gold price affect the profitability of Mount Todd project? A: Fred Earnest, CEO, explained that with many project costs in AUD of the record height of Australian gold price of around $ 5,000 per ounce is cheap. This situation is advantageous if the company promotes the feasibility study and may benefit the shareholders and stakeholders.

Q: Why is there a separation between Vista Gold's share price and the value of its resources? A: Fred Earnest, CEO, confirmed the separation and led the high initial capital costs of the project on a larger scale. The new feasibility study aims to reduce these costs by considering a smaller project that could attract more partners and improve the funding prospects.