This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Vista Gold Corp.
5/3/2022
Good day, ladies and gentlemen. Welcome to VISTA goals first quarter 2022 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. At that time, participants are asked to press star 1 to register for a question. For assistance during the call, please press star zero on your touchtone telephone. As a reminder, this conference is being recorded. Today is Tuesday, May 3, 2022. It's now my pleasure to introduce Pamela Solly, Vice President of Investor Relations. Please go ahead.
Thank you, Chris, and good day, everyone. Thank you for joining the Vista Gold Corp. first quarter 2022 financial results and corporate update conference call. I'm Pamela Solley, Vice President of Investor Relations. On the call today is Fred Earnest, President and Chief Executive Officer, and Doug Tobler, Chief Financial Officer. During the course of this call, we will be making forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements a VISTA to be materially different from results, performance, or achievements expressed or implied by such statements. Please refer to our most recently filed Form 10-K for details of risks and other important factors that could cause actual results to differ materially from those in our forward-looking statements. I will now turn the call over to Fred Ernest.
Thank you, Pam. And thank you, everyone, for joining us on the call today. As announced in February, we achieved a significant milestone with the completion of the feasibility study for our 100% owned Mount Todd Gold Project, which increased gold reserves by 19% to 6.98 million ounces of gold and extended the life of the mine to 16 years and confirmed the robust economic returns of the project, even after taking into consideration the inflationary pressures being experienced on a global basis. The completion of the 2022 feasibility study represents a significant step in de-risking Mt. Todd and readying the project for development. We subsequently announced the appointment of CIBC Capital Markets as VISTA's strategic advisor to lead a formal process to assist us in evaluating a broad range of alternatives to unlock the value of Mt. Todd and in arranging an accretive transaction. During the quarter, we also successfully completed the exploration drilling program at Mount Todd, continued to monetize non-core assets, and maintained the strength of our balance sheet with quarter-end cash of $12.8 million. I'll discuss these topics in greater detail later in the call, but I'll now turn the time over to Doug Tobler for a review of our financial results for the quarter-ended March 31, 2022.
You're reading a preview of the VGZ Q1 2022 earnings call.
Free account.