The following is a summary of the Vista Gold Corporation (VGZ) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Vista Gold Corporation reported a 45% reduction in the company's net losses compared to Q1 2023 due to the sale of noncore assets.

• The company reported consolidated net losses for Q1 2024 and 2023 of $1.1 million and $2.0 million respectively.

• On March 31, 2024, its cash position improved to $11.9 million from $6.1 million at the end of 2023, largely due to the receipt of the second $7 million installment under the Wheaton Royalty Agreement.

• The company has no debt.

Business Progress:

• Vista Gold updated the Mt Todd feasibility study to reflect current estimates of capital and operating costs.

• A drilling program targeting shallow gold resources at the north end of the Batman deposit was initiated.

• Patrick Keenan was elected as a new director and member of the Board.

• Vista Gold is advancing evaluations of an initially smaller scale Mt Todd project with the option for subsequent staged expansion.

• The company aims to complete a feasibility study on a smaller initial scale project in the first half of next year.

More details: Vista Gold IR

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