Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its 2025 strategic outlook.
Frederick H. Earnest, President and CEO of Vista, commented, "Our key strategic focus in 2025 is to complete the Mt Todd feasibility study and leverage the results to deliver value to our shareholders. Momentum continues to build in the gold sector and the capital markets are beginning to recognize the value of advanced-staged gold development projects. We believe that the lower cost, 15,000 tonne per day development strategy in this feasibility study will attract interest from a broad range of investors seeking ready-to-build gold projects like Mt Todd, ultimately unlocking significant value for our shareholders."
Key 2025 Initiatives
Safety
Vista's highest continual priority is the safety and well-being of its employees. As the Company continues to prioritize and uphold its health and safety initiatives, Vista and Mt Todd proudly mark 1,194 hours without a lost time incident. The Company remains committed to its health and safety programs and is focused on building upon this achievement.
Mt Todd Feasibility Study
Completing the Mt Todd feasibility study is key to creating long-term value for Vista and its shareholders. It represents a key deliverable in consolidating Mt Todd's position as a leading development opportunity in the gold sector. The feasibility study aims to increase the reserve grade to 1 gram gold per tonne by applying a higher cut-off grade, while also reducing initial capex by 60% to $400 million. The study targets average annual gold production ranging from 150,000 to 200,000 ounces from 15,000 tonnes per day ore throughput. By utilizing contract mining, third-party power generation, and established construction practices commonly used in Australia, the Company believes there is opportunity to maintain high capital efficiency at this project scale, preserve the potential for future expansion, and deliver strong economic returns. The feasibility study is progressing as planned, with completion anticipated mid-2025.
Strategy
Vista's strategy is to efficiently advance Mt Todd in ways that demonstrate the underlying value of the project and position it for near-term development, while maintaining the discipline necessary to best realize value at the right time. The Company anticipates that the results of the Mt Todd feasibility study will be a catalyst to attract a broad range of investors seeking ready-to-build gold projects. Vista remains committed to actively pursuing strategic transactions that maximize value for its shareholders.
New Mineral Resource Estimate
In conjunction with the upcoming Mt Todd feasibility study, a new mineral resource estimate is being developed to incorporate the results from the 2024 and 2020-2022 drilling programs. The Company's analysis of the results of these drilling programs indicates potential to add to mineral resources and reserves. The Company plans to announce the new mineral resource estimate as part of the Mt Todd feasibility study, scheduled for completion mid-2025.
ESG
Vista is committed to advancing its Environmental, Social, and Governance initiatives. Details of Vista's goals and achievements in these and other areas will be included in Vista's upcoming annual ESG report, expected to be published in the coming weeks.
About Vista Gold Corp.
Vista holds the Mt Todd gold project, a ready-to-build development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Vista is positioning Mt Todd as a leading development opportunity within the gold sector. Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. All major environmental and operating permits necessary to commence development of Mt Todd are in place.
Vista's strategy is to advance Mt Todd in ways that efficiently position the project for development while exercising the discipline necessary to best realize value at the right time. Vista believes its strategy of advancing Mt Todd in this manner will deliver a more fully valued project to its shareholders.
