Vista Gold Sells Mt. Todd Project for $35M+

TL;DR

VGZ sold Mt. Todd for $35M upfront, plus potential $15M more. Big cash infusion incoming.

AI Summary

Vista Gold Corp. reported on September 11, 2025, that it has entered into a binding agreement to sell its Mt. Todd gold project in Australia to Nexus Mining Pty Ltd. The transaction includes an upfront payment of $35 million, with potential additional payments of up to $15 million based on future milestones. This sale is a significant step for Vista Gold in focusing on its other assets and strategic objectives.

Why It Matters

This sale allows Vista Gold to divest a major asset, potentially unlocking capital for future development or exploration of its remaining portfolio.

Risk Assessment

Risk Level: medium — The sale price is significant, but the additional payments are contingent on future milestones, introducing uncertainty.

Key Numbers

• $35M — Upfront Sale Price (Initial payment for the Mt. Todd project)
• $15M — Potential Additional Payments (Milestone-based payments for the Mt. Todd project)

Key Players & Entities

• Vista Gold Corp. (company) — Seller of Mt. Todd project
• Mt. Todd (project) — Gold project being sold
• Nexus Mining Pty Ltd. (company) — Buyer of Mt. Todd project
• $35 million (dollar_amount) — Upfront payment for Mt. Todd
• $15 million (dollar_amount) — Potential milestone payments for Mt. Todd
• September 11, 2025 (date) — Date of the reported event

FAQ

Key Financial Figures

• $88 million — s is expected to generate approximately $88 million in pre-tax cash operating margin and ha
• $1,800 — s at 0.94 g Au/t) using a gold price of $1,800 per ounce for the Mineral Reserves esti
• $425 m — .50 g Au/t (1)(2) ; Initial capital of $425 million, a 59% reduction from the Company
• $93 — a 50 ktpd case; Capital Efficiency of $93 per ounce (initial capital : total ounc
• $1,449 — e; All-in Sustaining Cost ("AISC") of $1,449 per oz years 1-15 and $1,499 per oz yea
• $1,499 — "AISC") of $1,449 per oz years 1-15 and $1,499 per oz years the life of mine (3) ; and
• $1.1 billion — of mine (3) ; and After-tax NPV 5% of $1.1 billion and IRR of 27.8% at a gold price of $2,
• $2,500 — ion and IRR of 27.8% at a gold price of $2,500. (1) Note to investors: Proven and Pr
• $2,125 — Base 5% 10% 15% Gold Price $2,125 $2,250 $2,375 $2,500 $2,625 $
• $2,250 — 5% 10% 15% Gold Price $2,125 $2,250 $2,375 $2,500 $2,625 $2,750 $
• $2,375 — 15% Gold Price $2,125 $2,250 $2,375 $2,500 $2,625 $2,750 $2,875 I
• $2,625 — e $2,125 $2,250 $2,375 $2,500 $2,625 $2,750 $2,875 IRR 18.8% 21.9%
• $2,750 — 5 $2,250 $2,375 $2,500 $2,625 $2,750 $2,875 IRR 18.8% 21.9% 25.0%
• $2,875 — 0 $2,375 $2,500 $2,625 $2,750 $2,875 IRR 18.8% 21.9% 25.0% 27.8%
• $559 — .7% 33.4% 36.1% After-Tax NPV5% $559 $724 $896 $1,060 $1,232 $1,40

Filing Documents

• vgz-20250911x8k.htm (8-K) — 848KB
• vgz-20250911xex99d1.pdf (EX-99.1) — 24162KB
• vgz-20250911xex99d2.htm (EX-99.2) — 12KB
• vgz-20250911xex99d3.htm (EX-99.3) — 12KB
• vgz-20250911xex99d4.htm (EX-99.4) — 11KB
• vgz-20250911xex99d5.htm (EX-99.5) — 12KB
• vgz-20250911xex99d6.htm (EX-99.6) — 12KB
• vgz-20250911xex99d7.htm (EX-99.7) — 12KB
• vgz-20250911x8k001.jpg (GRAPHIC) — 77KB
• vgz-20250911x8k002.jpg (GRAPHIC) — 59KB
• vgz-20250911x8k003.jpg (GRAPHIC) — 52KB
• vgz-20250911x8k004.jpg (GRAPHIC) — 72KB
• vgz-20250911x8k005.jpg (GRAPHIC) — 79KB
• 0000783324-25-000051.txt ( ) — 66126KB
• vgz-20250911.xsd (EX-101.SCH) — 3KB
• vgz-20250911_lab.xml (EX-101.LAB) — 16KB
• vgz-20250911_pre.xml (EX-101.PRE) — 10KB
• vgz-20250911x8k_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. On September 11, 2025, Vista Gold Corp. ("Vista," the "Company," "we," "us," or "our") received a summary technical report for the Mt Todd Gold Project ("Mt Todd Project", "Mt Todd", or the "Project') in the Northern Territory, Australia. The report titled "S-K 1300 Technical Report Summary – Mt Todd Gold Project – 15 ktpd Feasibility Study – Northern Territory, Australia" with an effective date of July 29, 2025 and a filing date of September 11, 2025 (the "Mt Todd FS"), was prepared for the Company by GR Engineering Services Limited, Mining Plus, Tetra Tech, Tierra Group, Deepak Malhotra, Ph.D., SME RM, and WSP Australia Pty Limited, each of which or whom is a "qualified person" under Item 1300 of Regulation S-K under the U.S. Securities Exchange Act of 1934, as amended ("S-K 1300"). None of the qualified persons or any associates of the qualified persons employed in the preparation of this report have any beneficial interest in the Company or the Mt Todd Project and are not employed by the Company. The qualified persons are not insiders, associates, or affiliates of the Company. The results of the Mt Todd FS are not dependent upon any prior agreements concerning the conclusions to be reached, nor are there any undisclosed understandings concerning any future business dealings between the Company and the qualified persons. The qualified persons are being paid a fee for their work in accordance with normal professional consulting practices. The following disclosure regarding the Company's Mt Todd Gold Project is extracted or summarized from the Mt Todd FS and readers should consult the Mt Todd FS to obtain further particulars regarding Mt Todd, which is filed herewith as Exhibit 99.1. For a description of the key assumptions, parameters and methods used to estimate Mineral Resources and Mineral Reserves included in this Form 8-K, as well as data verification procedures and a general discussion of the extent to which the estimates may be af

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