Vista Gold Corporation reported a consolidated net loss of $0.7 million, or $0.01 per common share, for the quarter ended September 30, 2025, compared to a net loss of $1.6 million, or $0.01 per common share, for the same period in 2024. The third quarter of 2025 included a benefit of approximately $1.3 million from the recovery of certain tax amounts related to the 2020 sale of the Los Reyes gold project in Mexico. Cash and cash equivalents totaled $13.7 million at September 30, 2025, down from $16.9 million at December 31, 2024. The company reported no debt. During the quarter, Vista Gold completed a feasibility study for the Mt Todd project, outlining a 15,000 tonne per day operation with lower initial capital costs, higher ore grades, and a projected 30-year mine life.