The call highlighted significant achievements with the Mt Todd feasibility study, demonstrating strong economic potential and a substantial reduction in initial capital costs. While the company maintained a solid cash position and reported ongoing interest from strategic partners, it faced challenges, including a net loss for the quarter and a reduction in cash reserves. The focus on safety and lack of debt are positive indicators, balancing the financial lowlights.

Company Guidance -

Q3 2025

During the Vista Gold's Second Quarter 2025 Financial Results and Corporate Update Conference Call, several key metrics and guidance elements were discussed. Vista advanced its Mt Todd feasibility study, highlighting a strategic shift to a 15,000 tonne per day operation, which reduced initial capital costs by 59% to USD 425 million. The study projected an average ore grade of 1.04 grams of gold per tonne over the first 15 years, with average annual gold production estimated at 153,000 ounces during that period. The company reported a net loss of $2.356 million for Q2 2025, compared to a net income of $15.633 million in Q2 2024, primarily due to a $16.9 million gain on grant of royalty interest recognized in 2024. Vista ended the quarter with $13.2 million in cash and maintained no debt. Future recurring costs are anticipated to be approximately $6.8 million, with an additional $1.8 million for ongoing and planned work at Mt Todd. The feasibility study results showed strong economic indicators, including an after-tax NPV of USD 1.1 billion at a $2,500 gold price and an IRR of 27.8%, with a payback period of 2.7 years.

Mt Todd Feasibility Study Results

The feasibility study demonstrated a 59% reduction in initial capital costs to USD 425 million, improving capital efficiency to $93 per ounce of gold. Average annual gold production is estimated at 153,000 ounces for the first 15 years, with a life of mine gold recovery of 88.5%.

Strong Economic Indicators

The study reports an after-tax NPV at a 5% discount rate of USD 1.1 billion at $2,500 per ounce gold price, and USD 2.2 billion at $3,300 per ounce gold price. The IRR at these prices is 27.8% and 44.7% respectively, with a 2.7-year and 1.7-year payback period.

Safety Milestone Achieved

The Mt Todd site achieved 1,369 consecutive days without a lost time accident, emphasizing a strong commitment to safety.

Solid Cash Position

Vista Gold ended the second quarter with $13.2 million cash on hand and no debt, maintaining a strong financial position to support ongoing work at Mt Todd.

Interest from Potential Partners

The company has signed new confidentiality agreements with strategic investors and is actively engaging with potential partners.

Vista Gold (TSE:VGZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:VGZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	- / -	-0.014	―	―	―
Aug 12, 2025	2025 (Q2)	- / -0.03	0.18	-115.38% (-0.21)	―
May 01, 2025	2025 (Q1)	- / -0.03	-0.014	-100.00% (-0.01)	―
Feb 28, 2025	2024 (Q4)	- / -0.03	-0.014	-100.00% (-0.01)	―	―
Oct 23, 2024	2024 (Q3)	- / -0.01	-0.014	0.00% (0.00)	―
Jul 29, 2024	2024 (Q2)	- / 0.18	-0.014	1400.00% (+0.19)	―
May 02, 2024	2024 (Q1)	- / -0.01	-0.028	50.00% (+0.01)	―	―
Mar 14, 2024	2023 (Q4)	- / -0.01	-0.014	0.00% (0.00)	―
Nov 07, 2023	2023 (Q3)	- / -0.01	-0.028	50.00% (+0.01)	―
Aug 02, 2023	2023 (Q2)	- / -0.01	-0.014	0.00% (0.00)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:VGZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	C$1.47	C$1.50	+2.04%
May 01, 2025	C$1.27	C$1.24	-2.36%
Feb 28, 2025	C$0.90	C$0.99	+10.00%
Oct 23, 2024	C$0.98	C$0.96	-2.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vista Gold Corp. (TSE:VGZ) report earnings?

Vista Gold Corp. (TSE:VGZ) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Vista Gold Corp. (TSE:VGZ) earnings time?

Vista Gold Corp. (TSE:VGZ) earnings time is at Oct 22, 2025, After Close (Confirmed).

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