7/30/2024

speaker
Jenny
Conference Call Operator

Good day, ladies and gentlemen. Welcome to VISTAGO's second quarter 2024 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 touch-tone phone. As a reminder, This conference call is being recorded. Today is Tuesday, July 30, 2024. 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, Jenny, and good afternoon, everyone. Thank you for joining the Vista Gold Corp. Second Quarter 2024 Financial Results and Corporate Update Conference Call. I'm Pamela Sully, Vice President of Investor Relations. On the call today is Fred Ernst, President and Chief Executive Officer, and Doug Tobler, Chief Financial Officer. At the close of business yesterday, Vista reported its second quarter 2024 operating and financial results. Copies of the news release and quarterly report on Form 10-Q are available on our website at www.vistagold.com. During the course of this call and the question and answer session, 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 10Q for details of risks and other important factors that could cause actual results to differ materially from those in our forward-looking statements and the cautionary note regarding estimates of mineral resources and mineral reserves. I will now turn the call over to Fred Ernest.

speaker
Fred Ernst
President and Chief Executive Officer

Thank you, Pam, and thank you, everyone, for joining us on the call today. Vista controls one of the most attractive large gold deposits in one of the most attractive mining jurisdictions in the world. Vista is committed to seeing its development and keeping with the highest mining and ESG standards when the time is right, and we'll work diligently toward that goal. Our success is important to the Northern Territory, the people and families of the project area, and ultimately to Vista shareholders. On the call today, we will help you understand current activities that are designed to help us create greater value in the current rising gold price environment. But first, let me share with you a few of our achievements during the second quarter of this year. We received the final installment payment under the royalty transaction with Wheaton Precious Metals, finished phase one of our 2024 drilling program, and commenced phase two, and enhanced our management team with the addition of Maria Vallejo-Garcia as our new director of projects and technical services. We also announced that the Northern Territory Government of Australia passed legislation to enact the Mineral Royalties Act of 2024, which became effective on July 1st, 2024. The new Mineral Royalties Act replaced the prior net profits royalty regime with an ad valorem royalty regime for new mines and is expected to positively impact project economics for VISTA's Mt. Todd Gold project. For the remainder of this year, we will focus on maintaining a strong balance sheet advancing evaluations of an initially smaller-scale Mt. Todd project, continuing our work to maximize shareholder value, and successfully execute our health, safety, and environmental initiatives. I'm pleased to report that we have had no lost-time accidents here to date, and the Mt. Todd site has now reached 991 consecutive accident-free days. I will discuss some of these topics in greater detail later in the call, But I will now turn the time over to Doug Tobler, our CFO, for a review of our financial results for the quarter ended June 30th, 2024. Thank you, Fred.

Disclaimer

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