DENVER, April 16, 2024–(BUSINESS WIRE)–Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced the filing of the feasibility study update for its Mt Todd gold project located in Northern Territory, Australia. This update aligns with Canadian National Instrument 43-101 disclosure standards, reflecting changes in project economics and material cost components.
The feasibility study update was conducted to provide updated capital and operating cost components based on quotes obtained in the first quarter of 2024. Additionally, the report incorporates current long-term gold price and foreign exchange rates, as well as a newly announced royalty. Despite these updates, Mt Todd’s mineral resources, mine plans, gold recoveries, and production schedules remain unchanged.
### Insight Into Project Economics
With the release of the feasibility study update, investors gain insight into the evolving project economics of Mt Todd. The analysis of updated capital and operating costs, along with the consideration of current market variables, provides a clearer picture of the financial viability of the project.
Mt Todd Technical Report Filings
The S-K 1300 Report, titled “S-K 1300 Technical Report Summary – Mt Todd Gold Project,” was filed with the U.S. Securities and Exchange Commission, while the NI 43-101 Report was filed on SEDAR+. Both reports, despite differences in formatting due to disclosure requirements, offer comprehensive insights into the project’s technical data and economic conclusions.
### Aligning with Regulatory Standards
The filing of the S-K 1300 and NI 43-101 reports underscores Vista Gold Corp.’s commitment to transparency and adherence to regulatory standards in reporting project updates. By following established guidelines, the company ensures that investors and stakeholders have access to accurate and reliable information.
About Vista Gold Corp.
Vista Gold Corp. is a gold project developer with a focus on its flagship asset, Mt Todd, in Northern Territory, Australia. Positioned as one of the largest development stage opportunities in Australia, Mt Todd presents promising economic prospects. The project’s strategic location and adherence to mining regulations offer a solid foundation for future growth and value creation.
For further information, Pamela Solly, Vice President of Investor Relations, can be reached at (720) 981-1185 or [www.vistagold.com](https://www.vistagold.com).
### Driving Growth in a Promising Market
Vista Gold Corp.’s commitment to developing Mt Todd in a mining-friendly jurisdiction underscores its strategic vision for growth. By leveraging opportunities to expand mineral reserves, explore alternative development strategies, and mitigate risks, the company aims to maximize the potential of its flagship asset in the dynamic gold market.
Forward Looking Statements
The forward-looking statements and information in this release reflect Vista Gold Corp.’s ongoing efforts to navigate market dynamics and regulatory requirements. By proactively addressing factors such as resource estimates, operating costs, and market conditions, the company aims to provide a clear and informed outlook for investors and stakeholders.
View source version on businesswire.com: [https://www.businesswire.com/news/home/20240416136591/en/](https://www.businesswire.com/news/home/20240416136591/en/)
Contacts
Pamela Solly
Vice President of Investor Relations
(720) 981-1185
[www.vistagold.com](https://www.vistagold.com)
