Vista Gold provides strategic update for Mt Todd gold project

Vista Gold provided a strategic update and outlined 2024 priorities for the Company’s Mt Todd gold project located in Northern Territory, or NT, Australia. All dollar amounts are in US dollars. Frederick H. Earnest, President and CEO of Vista, commented, “Our top priority in 2024 is realizing value for our shareholders. We believe this can best be accomplished through a strategic transaction at Mt Todd. We continue to work with CIBC Capital Markets to identify and advance interest in Mt Todd and are focused on completing a transaction that maximizes shareholder value. “We believe that work to cost-effectively de-risk and demonstrate the significant value of Mt Todd is integral to our work with CIBC. The drilling program that will commence in the coming weeks is expected to add substantial near-surface gold resources, benefiting the mine production schedule and project cash flows in early years. We believe that alternative development strategies offer valuable optionality as we focus on creating shareholder value and attracting strategic interest in Mt Todd. Our previous work indicates that staged development has the potential to greatly reduce the initial capital requirement, while delivering attractive economic returns and preserving the option for long-term, large-scale production.”