- Business
- Vista Gold Corp. (TSX, NYSE American: VGZ) operates as a development-stage gold exploration and project advancement company focused primarily on its flagship Mt Todd gold project in Australia's Northern Territory. Incorporated in 1983 and headquartered in Englewood, Colorado, the company holds 100% ownership of Mt Todd, a large-scale deposit spanning 6,550 hectares with measured and indicated resources of approximately 5.6 million ounces of gold, proven and probable reserves estimated at 5.85 million ounces, and a projected mine life exceeding 14 years under various development scenarios; it offers technical studies, metallurgical testing, environmental permitting, drilling for resource expansion, and engineering services to de-risk the asset for potential production targeting up to 350,000 ounces annually in prior large-scale plans or 153,000 ounces annually in the latest optimized configuration. Operations target mid-tier gold producers, strategic investors, and financial partners in Tier-1 jurisdictions, with all major environmental and operating permits in place and advanced local infrastructure supporting development optionality as a mid-scale or large-scale operation. In July 2025, Vista released a new feasibility study for a 15,000 tonnes per day plant processing higher-grade ore, slashing initial capital costs by roughly 60% to $425 million from prior $1 billion-plus estimates, boosting after-tax NPV5% to $1.1 billion, and incorporating contractors to mitigate risks while pursuing joint ventures, corporate transactions, or self-development to accelerate value realization amid favorable gold market dynamics.