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Vista Gold Corp.
5/1/2023
Good day, ladies and gentlemen. Welcome to VistaGuild's first quarter 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. 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 touchstone phone. As a reminder, this conference is being recorded. Today is Monday, May 1, 2023. It is now my pleasure to introduce Pamela Sully, Vice President of Investor Relations. Please go ahead.
Thank you, Jenny, and good day, everyone. Thank you for joining the Vista Gold Corp. First Quarter 2023 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-Q 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. During the first quarter, we completed an internal scoping study to evaluate the technical and economic merits of of smaller-scale development alternatives from Mount Todd, while preserving the opportunity for subsequent expansion or stage development. The work completed in the study leverages off of the 2022 feasibility study and gives us confidence that a smaller and easier-to-build initial phase of the project is viable and economically attractive. We recently announced results of the Mount Todd Surface Exploration Program, the retirement of two of our directors, and positive recommendations from the Northern Territory's Mineral Development Task Force regarding the Northern Territory's royalty structure. The strategic process with CIBC Capital Markets is ongoing, and we continue to take actions to implement cost reductions, which have had a positive impact on our quarter-end financial position. VISTA continues to have no debt. We remain committed to the health and safety of our employees and to environmental stewardship at Mount Todd. There have been no last-time incidents this year, and the site has now achieved 523 consecutive accident-free days. I will discuss these topics in greater detail later in the call, but we'll now turn the time over to Doug Tobler, our CFO, for a review of our financial results for the quarter ended March 31st, 2023.
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