8/13/2025

speaker
Constantine
Conference Call Operator

Hey ladies and gentlemen, welcome to Vista Gold's second quarter 2025 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 call is being recorded. Today is Wednesday, August 13, 2025. It's now a pleasure to introduce Pamela Solley, Vice President of Investor Relations. Please go ahead.

speaker
Pamela Solley
Vice President of Investor Relations

Thank you, Constantine, and good day, everyone. Thank you for joining the Vista Gold Corp. Second Quarter 2025 Financial Results and Corporate Update Conference Call. I'm Pamela Solley, Vice President of Investor Relations. On the call today is Fred Ernest, President and Chief Executive Officer of and Doug Tobler, Chief Financial Officer. On August 12, 2025, VISTA reported the cooperating of financial results for the quarter ended June 30, 2025. Copies of the news release and quarterly report on Form 10Q 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 and uncertainties and other factors that may cause actual results, performance, or achievements of VISTA to be materially different from results, performance, or achievements expressly 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 and the cautionary note regarding estimates of mineral resources and mineral reserves. I will now turn the call 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 today. During the second quarter, we advanced the 15,000 ton per day Mount Todd feasibility study and announced the results of the feasibility study on July 29th. We were very pleased with the strong economic results, the reduced initial capital, increased gold mineral reserves grade, and stable gold production over many years, as reported in this study. The feasibility study represents a major milestone for VISTA, highlighting a strategic shift toward a smaller initial scale with near-term development opportunity at Mt. Todd while preserving optionality for expansion. I'm pleased to report that we ended the quarter with a solid cash position, which Doug will discuss shortly. Additionally, we have now achieved 1,369 consecutive days without a lifetime accident at the Mt. Todd site. We are committed to prioritizing the efficient use of our cash and creating long-term value for our shareholders through disciplined execution of our strategy for the Mt. Todd Gold Project. I will discuss some of these topics in greater detail later in the call, but I will now turn the time over to Doug Tolbert, for a review of our financial results for the quarter ended June 30th, 2025. Okay, thanks, Fred.

Disclaimer

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