Vista Gold(VGZ)

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Vista Gold(VGZ) - 2024 Q2 - Earnings Call Transcript
2024-07-30 22:49
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]
Vista Gold(VGZ) - 2024 Q2 - Quarterly Results
2024-07-29 21:25
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 ...
Vista Gold(VGZ) - 2024 Q2 - Quarterly Report
2024-07-29 21:07
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(VGZ) - 2024 Q1 - Earnings Call Transcript
2024-05-08 01:46
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 ...
Vista Gold(VGZ) - 2024 Q1 - Quarterly Results
2024-05-02 18:30
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 ...
Vista Gold(VGZ) - 2024 Q1 - Quarterly Report
2024-05-02 17:37
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 ...
Vista Gold(VGZ) - 2023 Q4 - Earnings Call Transcript
2024-03-18 23:22
Vista Gold Corp. (NYSE:VGZ) Q4 2023 Results Conference Call March 18, 2024 4:00 PM ET Company Participants Pamela Solly - Vice President of Investor Relations Fred Earnest - President and Chief Executive Officer Doug Tobler - Chief Financial Officer Operator Good day, ladies and gentlemen. Welcome to Vista Gold's 2023 Financial Results and Corporate Update Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Op ...
Vista Gold(VGZ) - 2023 Q4 - Annual Results
2024-03-14 21:09
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 Date of Report: March 14, 2024 (Date of earliest event reported) 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 (Ad ...
Vista Gold(VGZ) - 2023 Q4 - Annual Report
2024-03-14 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 (State or other jur ...
Vista Gold(VGZ) - 2023 Q3 - Earnings Call Transcript
2023-11-10 14:50
Vista Gold Corp. (NYSE:VGZ) Q3 2023 Earnings Conference Call November 8, 2023 4:00 PM ET Company Participants Pamela Solly - Vice President, Investor Relations Fred Earnest - President & Chief Executive Officer Doug Tobler - Chief Financial Officer Conference Call Participants Heiko Ihle - H.C. Wainwright Adrian Day - Adrian Day Asset Management. Operator Ladies and gentlemen, welcome to the Vista Gold's Third Quarter 2023 Financial Results and Corporate Update Conference Call. At this time, all participant ...