What were the key takeaways from Vista Gold's earnings call?

What is Vista Gold's gross profit margin?

What is the market's earnings forecast for Vista Gold next quarter?

What does Vista Gold do and what are its main business segments?

What is the revenue and EPS growth rate for Vista Gold year over year?

What were the key takeaways from Vista Gold’s earnings call?

What guidance did Vista Gold's management provide for the next earnings period?

Did Vista Gold beat or miss consensus estimates last quarter?

- **Breakthrough Feasibility Study**: $425M initial capex, 27.8% IRR, $1.1B NPV at $2,500/oz gold, positioning Mt Todd as a top-tier development project.
- **Strong Financial Position**: $13.2M cash, no debt, with disciplined cost management supporting near-term development.
- **Strategic Partnerships**: Actively engaging with mining companies, signed confidentiality agreements, and exploring JV/M&A options to accelerate project value realization.

**【CEO Summary Section】**
- Announced the completion of the 15,000 tpd Mt Todd feasibility study, highlighting a 59% reduction in initial capital to $425 million and an after-tax NPV of $1.1 billion at $2,500/oz gold.
- Project economics include 153,000 oz/year average production for the first 15 years, all-in sustaining costs of $1,450/oz, and a 27.8% IRR.
- Emphasized preservation of expansion optionality and strong safety performance (1,369 days without lost time accidents).

**【CFO Financial Commentary】**
- Q2 2025 net loss of $2.356 million vs. Q2 2024 net income of $15.633 million, driven by $16.9 million one-time gain in 2024 and $850,000 in feasibility study expenses.
- Ended Q2 with $13.2 million cash, no debt, and expects recurring costs of $6.8 million/year plus $1.8 million for Mt Todd work.

**【Q&A Key Highlights】**
- Asked about profit distribution, CEO stated priority on returning capital to shareholders via dividends while evaluating expansion opportunities.
- CFO confirmed signed confidentiality agreements with strategic mining companies and attended Diggers & Dealers conference to engage potential partners.
- Open to joint ventures, M&A, or independent development, with focus on maximizing shareholder value through partnerships that leverage Vista's expertise.

Vista Gold (VGZ)-13 Aug 25-2025 Q2 Earnings call transcript

- **Mt Todd Project Catalyst**: Mid-2025 feasibility study targets $400M capex, 150-200K oz/yr production, and >5Moz reserves, with 60% cost reduction.
- **Financial Health**: $15M cash, no debt, but Q1 net loss widens to $2.7M due to Mt Todd cost escalation.
- **Market Momentum**: Record Australian gold prices and reduced capex are driving investor and partner interest, with feasibility study set to rerate the stock.

**【CEO Opening Remarks】**
- **Mt Todd Feasibility Study Progress**: The 15,000 tpd feasibility study is on track for mid-2025 completion, targeting a 60% reduction in capital costs to ~$400M. The study incorporates a higher cutoff grade (1g/t Au) and aims for >5Moz reserves.
- **Operational Milestones**: 1,264 consecutive days without lost-time accidents; $15M cash on hand at Q1 end.
- **Strategic Focus**: Delivering a fit-for-purpose design for faster, cheaper development and positioning Mt Todd as a top-tier, ready-to-build project.

**【CFO Financial Update】**
- **Q1 2025 Financials**: Net loss of $2.7M (vs. $1.1M in Q1 2024), driven by absence of asset sale gains and higher Mt Todd costs ($1.69M vs. $1.26M in Q1 2024).
- **Cash Position**: $15M at Q1 end (down from $16.9M at year-end) due to feasibility study and recurring costs. No debt.
- **2025 Outlook**: ~$6.5M recurring costs + $3M Mt Todd-specific expenses.

**【Q&A Highlights】**
- **Market Interest**: Rising gold prices and Mt Todd’s reduced capital intensity (~$400M vs. prior $1B) have sparked investor and potential partner interest.
- **Currency Impact**: Australian gold prices at record highs (~$5,000/oz) benefit Mt Todd’s AUD-denominated costs, enhancing project economics.
- **Valuation Disconnect**: Current $1 share price vs. perceived $8-$10 value driven by prior $1B+ capex concerns. Smaller-scale feasibility study aims to bridge this gap by demonstrating financeable, scalable development.

Vista Gold (VGZ)-2 May 25-2025 Q1 Earnings call transcript

Vista Gold (VGZ)-24 Oct 24-2024 Q3 Earnings call transcript

Vista Gold (VGZ)-30 Jul 24-2024 Q2 Earnings call transcript

Vista Gold (VGZ)-7 May 24-2024 Q1 Earnings call transcript

Vista Gold (VGZ)-27 Feb 23-2022 Q4 Earnings call transcript

Vista Gold (VGZ)-29 Jul 22-2022 Q2 Earnings call transcript

Vista Gold (VGZ)-1 Mar 22-2021 Q4 Earnings call transcript

Vista Gold (VGZ)-5 May 21-2021 Q1 Earnings call transcript

Vista Gold (VGZ)-1 Mar 21-2020 Q4 Earnings call transcript

Vista Gold (VGZ)-7 Aug 19-2019 Q2 Earnings call transcript

Vista Gold (VGZ)-12 May 19-2019 Q1 Earnings call transcript

Vista Gold (VGZ)-31 Oct 18-2018 Q3 Earnings call transcript

Vista Gold (VGZ)-28 Jul 18-2018 Q2 Earnings call transcript

Vista Gold (VGZ)-4 May 18-2018 Q1 Earnings call transcript

Vista Gold (VGZ)-9 Mar 18-2017 Q4 Earnings call transcript

VGZ

VGZ fundamentals

Earnings Call

You can ask Aime