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Vista Gold Corp.
11/13/2025
good day ladies and gentlemen welcome to vista gold's third quarter 2025 financial results and corporate update conference call at this time all participants are in the 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 Thursday, November 13, 2025. It is now my pleasure to introduce Pamela Sully, Vice President of Investor Relations.
Please go ahead. Thank you, Sylvie, and good day, everyone. Thank you for joining the Vista Gold Third Quarter 2025 Financial Results and Corporate Update Conference Call. I'm Pamela Sully, Vice President of Investor Relations. On the call today is Fred Ernest, President and Chief Executive Officer, and Doug Totler, Chief Financial Officer. On November 12, 2025, VISTA reported this operating and financial results for the quarter ended September 30, 2025. 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 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.
Thank you, Pam, and thank you, everyone, for joining us on the call today. During the third quarter, we achieved a significant milestone with the completion of a new feasibility study for the Mount Todd Gold Project. The results of the study were announced on July 29th. or 2025, and this new study represents a fresh vision for the project as a 15,000 ton per day operation, one that prioritizes lower initial capital costs and higher ore grades. The study underscores our commitment to see Mount Todd developed as an Australian project. I'll talk more on that later in the call. As we continue to evaluate strategic options for developing Mount Todd, we have started modifications to existing permits to align them with the new 15,000 ton per day project and initiated technical work in preparation of a decision to commence detailed engineering. 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 four years without a lost time accident at the 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 Tobler for a review of our financial results for the quarter ended September 30th, 2025. Thank you, Fred.
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