Vista Gold CEO Fred Earnest joined Steve Darling from Proactive to outline the company’s updated development strategy for its flagship Mt Todd Gold Project in Australia, following the release of a new feasibility study that redefines the scale, economics, and execution pathway for the project. Earnest explained that the project has been rescaled to a more streamlined and manageable production rate of 15,000 tonnes per day, reflecting a focused and highly executable development approach. The updated feasibility study assumes a gold price of US$2,500 per ounce and delivers a post-tax NPV5 of approximately US$1.1 billion, with an internal rate of return (IRR) of nearly 28%. At a higher gold price of US$3,300 per ounce, the projected economics strengthen significantly, with the post-tax NPV5 increasing to roughly US$2.2 billion and the IRR approaching 45%. “This feasibility study represents a completely new vision for how we can advance and develop Mt Todd,” Earnest said, noting that the revised plan improves capital efficiency while maintaining the project’s long-life production potential and strong financial metrics. Work at the site is already progressing, with metallurgical drilling underway and ongoing site management activities continuing through the Australian wet season. In parallel, Vista Gold is updating and adjusting its existing permits to ensure they align with the newly defined development plan and operating scale. To support the next phase of advancement, the company has begun recruiting a dedicated core team in Australia to manage the Mt Todd project locally, transitioning oversight from its Denver-based headquarters to an on-the-ground operational structure. This move is intended to enhance project execution, regulatory engagement, and stakeholder coordination. Looking ahead, Vista Gold expects to initiate detailed engineering work in late 2026. The company is targeting a 27-month development timeline from the start of engineering through to the commencement of gold production, positioning Mt Todd as a potential near-term, high-impact gold development in the Australian market. #proactiveinvestors #vistagoldcorp #nyseamerican #tsx #vgz #MtTodd #GoldMining #MiningAustralia #FeasibilityStudy #GoldInvesting #MiningStocks #GoldProduction #JuniorMining #ResourceDevelopment