3/6/2025

speaker
Ina
Conference Operator

Good day, ladies and gentlemen. Welcome to Vista Gold's 2024 Financial Results and Corporate Update Conference Call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. At the 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 Thursday, March 6, 2025. It is now my pleasure to introduce Pamela Soley, Vice President of Investor Relations. Thank you. Please go ahead.

speaker
Pamela Soley
Vice President of Investor Relations

Thank you, Ina, and good day, everyone. Thank you for joining the Vista Gold Corp. 2024 Financial Results and Corporate Update Conference Call. I'm Pamela Soley, Vice President of Investor Relations. On the call today is Fred Ernest, President and Chief Executive Officer, and Doug Tobler, Chief Financial Officer. On February 28, 2025, VISTA reported its operating and financial results for the year ended December 31, 2024. Copies of the news release and annual report on Form 10-K 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 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 and the cautionary note regarding estimates and mineral resources and mineral reserves. I will now call the turn over to Fred Ernest.

speaker
Fred Ernest
President and Chief Executive Officer

Thank you, Pam. And thank you everyone for joining us on the call this afternoon. We will begin with an overview of our 2024 achievements and then discuss our outlook for 2025. Our achievements in 2024 underscore our commitment to creating greater value for our shareholders and positioning Vista and Mt. Todd for long-term success. During 2024, we completed the drilling program that we committed to as part of our 2023 royalty transaction. We evaluated alternative development strategies for Mt. Todd and started a new Mt. Todd feasibility study targeting a 60% reduction in capital. I'll talk more on that in a moment. In March, we announced updated economics for our 2022 Mount Todd 50,000 ton per day feasibility study to reflect first quarter 2024 pricing for material, capital, and operating cost components. At VISTA's 2024 annual meeting of shareholders, two new independent directors were elected to the company's board of directors to succeed two longstanding directors who retired. We received the remaining proceeds under our 2023 royalty transaction with Wheaton Precious Metals, then enabled us to advance Mount Todd work programs and end the year with $16.9 million U.S. in cash. I'm pleased to report that we have had no lost time incidents year-to-date or for the period for the year 2024, and the Mount Todd site has now reached $1,000. 211 consecutive accident-free days. Finally, I'm happy to announce that we have published VISTA's 2024 ESG report, and I note that it is available on our website at www.vistagold.com. I will discuss some of these topics in greater detail in just a few moments, but I would now like to turn the time over to Doug Tobler, for a review of our financial results for the year ended December 31st, 2024. Thank you, Fred.

Disclaimer

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.

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