7/28/2022

speaker
Michelle
Conference Operator

Good day, ladies and gentlemen. Welcome to Vista Gold's second 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 0 on your touchtone phone. As a reminder, this conference is being recorded Tuesday, apologies, Thursday, the 28th of July, 2022. It is now my pleasure to introduce Pamela Sully, Vice President of Investor Relations. Please go ahead.

speaker
Pamela Sully
Vice President of Investor Relations

Thank you, Michelle, and good day, everyone. Thank you for joining the Vista Gold Corp. Second Quarter 2022 Financial Results and Corporate Update Conference Call. I'm Pamela Sully, 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 of 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 the 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.

speaker
Fred Earnest
President and Chief Executive Officer

Thank you, Pam, and thank you, everyone, for joining us on the call today. During the quarter, we advanced our work with CIBC Capital Markets to seek a partner in or other form of transaction to achieve greater value recognition for our Mount Todd gold project. VISTA and CIBC are working diligently toward this goal, and we are pleased with our progress to date. In June, we announced the comprehensive results of our Mount Todd exploration drilling program that was completed earlier this year. We are extremely pleased with the results of this program, and we believe there is an opportunity for significant resource growth and extension of the Mount Todd mine life. We ended the second quarter with a cash position of $11.1 million. Completion of the exploration program and management's ongoing efforts to control costs resulted in a significant reduction in expenditures this quarter. I'll discuss these topics in greater detail later in the call, but I will now turn the time over to Doug Tobler, our Chief Financial Officer, for a review of our financial results for the quarter ended June 30th, 2022.

Disclaimer

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