Vista Gold Corp

Vista holds the Mt Todd gold project, a ready-to-build development-stage gold deposit in Northern Territory, Australia.

Mt Todd offers development optionality as a large or mid-scale project and has all major operating and environmental permits necessary to initiate development. A feasibility study for a 50,000 tpd operation was completed in 2022 and updated in 2024.

In December 2024, Vista launched a new Mt Todd feasibility study, aiming to increase the reserve grade to 1 gram gold per tonne by applying a higher cut-off grade. The study also targets initial capex of $400 million, while maintaining average annual gold production of 150,000 to 200,000 ounces from a daily ore throughput of 15,000 tonnes.

Cash: USD 15M
Debt: / 

Major shareholders:
Sun Valley Gold Fund – 16.0%

Kopernik Global Investors – 3.2%

Lowes Corp. – 2.8%

Cetera Investment Advisors – 1.6%

Redmond Asset Management – 0.7%

Management ownership – 4.20%

Management Profile

Frederick Earnest, President and CEO

Mr. Earnest has served as director since 2007 and was appointed CEO of the Company in January 2012. He served as the Company’s President and Chief Operating Officer from 2007-2012 and as Senior Vice President, Project Development from 2006-2007. He served as a director of Midas Gold Corp. from April 2011 – May 2014. Mr. Earnest has over 30 years’ experience in the mining industry, including project evaluation, design and construction, mine operations, project optimization and turn-around, mine closure and senior executive roles. He holds a B.S. in Mining Engineering from Colorado School of Mines.

What is your rationale for taking part in 121 Mining Investment?

Interested in meeting new investors.

What recent news would you like to highlight to investors attending?

May 1, 2025 – First Quarter 2025 Financial Results

February 19, 2025 – 2025 Initiatives Pave the Way for Value Realization at Mt Todd

February 4, 2025 – 2024 Drilling Demonstrated Potential to Increase Mt Todd Mineral Reserves

January 8, 2025 – 2024 Achievements Advance Mt Todd as Leading Development Opportunity in the Gold Sector

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Complete the new Mt Todd feasibility study by mid-2025.

6 Months:

Leverage the results of the feasibility study to accelerate value creation.

12 Months:

Create long-term value for shareholders through disciplined execution and strategic advancement of our Mt Todd gold project.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Gold price volatility.

What do you think makes your company such a compelling investment?

Mt Todd is a ready-to-build gold project, with all major permits in place to initiate development.

What are the top 3 key investor takeaways?

1. Permitted and ready to build in a safe mining jurisdiction.

2. Development optionality as a large or mid-scale project.

3. New feasibility study to be completed mid-2025, targeting a 60% reduction in capex to $400 million, reserve grade of 1 gram gold per tonne, and average annual production of 150k-200k ounces of gold.