Financial Performance - Vista Gold Corp. announced its financial results for Q3 2024, ending September 30, 2024[3] - The company reported a net loss of $2.5 million for the quarter, compared to a net loss of $1.8 million in Q3 2023, representing a 39% increase in losses year-over-year[3] - Total assets as of September 30, 2024, were $15.2 million, a decrease from $17.5 million at the end of Q3 2023, indicating an 13.14% decline[3] Strategic Focus - The company is focusing on advancing its projects and expects to increase its exploration activities in the upcoming quarters[3] - Vista Gold Corp. is exploring potential partnerships to enhance its market position and operational capabilities[3] - The management highlighted the importance of new technology in improving operational efficiency and reducing costs[3] - Future guidance indicates a potential increase in operational expenditures as the company ramps up exploration efforts[3] - The company is committed to maintaining a strong cash position to support its strategic initiatives[3] - Vista Gold Corp. is evaluating opportunities for market expansion in North America and internationally[3] - The management emphasized the importance of stakeholder engagement in driving future growth strategies[3]

Project Overview - The Mt Todd Gold Project hosts proven and probable mineral reserves of 6.98 million ounces, with an average grade of 0.77 g Au/t[50]. - The feasibility study for Mt Todd indicates an average annual production of 395,000 ounces of gold over a 16-year mine life at an average cash cost of $913 per ounce[52]. - Initial capital requirements for the Mt Todd project are estimated at $1.03 billion, equating to $163 per payable ounce of gold[52]. - The after-tax NPV5% is projected at $1.13 billion with an internal rate of return (IRR) of 20.4% at a gold price of $1,800 per ounce[52]. - The updated feasibility studies for the Mt Todd Gold Project indicate a total payable gold of 6,313 koz and operating costs of $5,420 million over a life of mine of 16 years[86]. - The updated feasibility study anticipates annual gold production of 150,000 to 200,000 ounces with an initial capital cost of less than $400 million[93]. Financial Performance - Consolidated net loss for Q3 2024 was $1,638, compared to a loss of $1,454 in Q3 2023, while net income for the nine months ended September 30, 2024 was $12,922, compared to a loss of $4,928 in the same period of 2023[63]. - The company recognized a gain of $16,909 from the grant of royalty interest in mineral titles in June 2024, which included a deferred gain of $10,000 and a final installment payment of $10,000[65]. - Interest income rose to $230 for Q3 2024 from $68 in Q3 2023, attributed to higher average cash balances[67]. - Net cash used in operating activities decreased to $3,808 for the nine months ended September 30, 2024, from $4,090 in the same period of 2023[68]. - Net cash provided by investing activities was $16,139 for the nine months ended September 30, 2024, compared to a cash outflow of $43 in the same period of 2023[69]. - The company estimates net recurring costs for the next 12 months will be approximately $6,400, plus an additional $4,200 for work plans at Mt Todd[73]. - As of September 30, 2024, the company had $8,042 remaining available under the ATM Program for potential equity issuances[74]. Exploration and Development - A drilling program of 6,000-7,000 meters is nearing completion, with a total cost of approximately $2,000, confirming extensions of mineralized boundaries[48]. - Exploration has identified additional growth targets along a 5.4 kilometer trend outside the Batman deposit, indicating potential for resource expansion[50]. - The ongoing drilling program has confirmed the extension of the core zone and identified multiple high-grade intercepts, nearing completion of the planned 6,000-7,000 meter program[88]. - An internal scoping study for a 15 ktpd operation was completed in 2023, which could reduce financing, development, and operating risks[46]. Royalty and Regulatory Changes - The new Mineral Royalties Act 2024 will apply a 3.5% ad valorem royalty rate to gold production from Mt Todd, reducing payable NT royalties by nearly 50% compared to previous estimates[53][54]. - A royalty agreement with Wheaton Precious Metals Corp. was established, granting a 1% gross revenue royalty on future gold production in exchange for $20 million, fully received by June 30, 2024[87]. - The 3.5% ad valorem royalty regime is expected to reduce payable royalties by nearly 50%, improving project economics compared to previous estimates[93]. Strategic Goals - The company aims to maintain adequate liquidity while minimizing dilution to enhance shareholder value[49]. - The company aims to maintain adequate liquidity and minimize dilution while advancing the Mt Todd project and realizing value from its non-core assets[78]. - The company believes that the Mt Todd project has high capital efficiency and offers significant growth opportunities in the current strong gold market[92]. - The company is classified as a "passive foreign investment company" (PFIC) for U.S. Federal tax purposes, which may have implications for U.S. shareholders[91].

Group 1 - The price trend for Vista Gold (VGZ) has been bearish recently, with a 5% loss over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1] - The hammer chart pattern indicates a possible bottom formation, signaling that selling pressure may be subsiding, which could lead to a bullish trend [2] - Strong agreement among Wall Street analysts in raising earnings estimates for VGZ enhances the likelihood of a trend reversal, with a 280% increase in the consensus EPS estimate over the last 30 days [3] Group 2 - VGZ currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [3] - The Zacks Rank serves as a timing indicator, suggesting that VGZ's prospects are beginning to improve, further supporting the case for a potential turnaround [3]

Financial Data and Key Metrics Changes - Vista reported consolidated net income of $15.6 million for Q2 2024, compared to a net loss of $1.5 million in Q2 2023, primarily due to a gain of $16.9 million from a royalty interest grant [17][21] - For the six-month period ended June 30, 2024, the company reported a net income of $14.6 million, compared to a net loss of $3.5 million for the same period in 2023 [21][23] - Cash at the end of Q2 2024 totaled $20.2 million, with no debt reported [15] Business Line Data and Key Metrics Changes - The drilling program for 2024 includes a total of 6,000 to 7,000 meters, with Phase 1 completed in June, consisting of 11 holes totaling almost 3,000 meters [26] - Costs associated with the ongoing development drilling program were $524,000 for Q2 2024, which were capitalized [20] Market Data and Key Metrics Changes - The new Mineral Royalties Act of 2024, effective July 1, 2024, replaced the previous net profits royalty regime with a 3.5% ad valorem royalty, significantly improving project economics for the Mt Todd project [12][35] - The new royalty structure is expected to reduce payable royalties over the life of the mine from approximately $765 million to a range of $350 million to $400 million [50][36] Company Strategy and Development Direction - The company aims to advance evaluations of a smaller scale Mt Todd project while preserving flexibility for future expansions [37][39] - Vista is focused on maintaining a strong balance sheet and maximizing shareholder value through thoughtful evaluations and minimizing risks [39][57] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the rising gold price environment, which is expected to enhance margins and create greater value recognition [38][39] - The company is committed to developing the Mt Todd project in alignment with high mining and ESG standards, emphasizing the importance of stakeholder trust [30][31] Other Important Information - The appointment of Maria Vallejo Garcia as Director of Projects and Technical Services is expected to enhance the company's technical capabilities [28] - The company has achieved 991 consecutive accident-free days at the Mt Todd site, reflecting its commitment to health, safety, and environmental initiatives [13] Q&A Session Summary Question: Plans for the $20 million from Wheaton - Management indicated that the funds will be allocated primarily to recurring costs and drilling expenses, with no significant changes in spending expected [46][48] Question: Timing of royalty payments to the government - The new 3.5% ad valorem royalty will be flat across the life of the mine, replacing the previous structure and simplifying the payment process [50][51] Question: Overall impact of the new royalty structure - Management highlighted that the new royalty system simplifies the calculation and enhances competitiveness, which is expected to benefit future mining projects [51][52]

All scientific and technical information contained herein has been prepared by, or under the supervision of, John Rozelle, a Qualified Person as defined by Canadian National Instrument 43-101 – Standards of Disclosure of Mineral Projects. VI STA GOLD VISTA GOLD CAUTIONARY STATEMENT Summary: If you are risk-averse you should not buy shares in Vista Gold Corp. Unexpected events happen and may change forecasts and targets. This presentation should be read in conjunction with Vista's most current Forms 10-K and ...

FORM 8-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Securities registered pursuant to Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ Item 2.02 Results of Operation and Financial Condition On July 29, 2024, Vista Gold Corp. (the "Re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-09025 Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the lat ...

Vista Gold Corporation (NYSE:VGZ) Q1 2024 Earnings Conference Call May 7, 2024 4:00 PM ET Company Participants Pamela Solly - VP, IR Fred Earnest - President & CEO Doug Tobler - CFO Conference Call Participants Operator Good day, ladies and gentlemen. Welcome to Vista Gold's First Quarter 2024 Financial Results and Corporate Update Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. Today is Tuesday, May 7, 2024. It's now my pleasure to introduce Pamela Solly, Vice Pre ...

Date of Report: May 2, 2024 (Date of earliest event reported) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 VISTA GOLD CORP. (Exact Name of Registrant as Specified in Charter) British Columbia, Canada (State or Other Jurisdiction of Incorporation) 1-9025 (Commission File Number) Not Applicable (IRS Employer Identification No.) 8310 S VALLEY HWY, SUITE 300, ENGLEWOOD, COLORADO 80112 (Addre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-09025 VISTA GOLD CORP. (Exact Name of Registrant as Specified in its Charter) | British Columbia | 98-0542444 ...