Vista Gold reported a FY 2025 net loss of USD 7.5 million, compared with FY 2024 net income of USD 11.25 million. The company had no revenue in FY 2025 and ended the year with cash of USD 13.62 million and working capital of USD 13.06 million. FY 2025 exploration, property evaluation and holding costs rose 62% to USD 5.59 million, driven by higher Mt Todd project program spending including USD 1.96 million for the Mt Todd feasibility study. Other income increased to USD 1.22 million in FY 2025 from USD 0.01 million in FY 2024, reflecting a USD 1.26 million tax recovery tied to the 2020 Los Reyes sale. Vista said it is pursuing Mt Todd permit modifications expected to be approved in 2027 and outlined a pathway to initiate detailed engineering and design in 2027, followed by an estimated 27-month design, construction and commissioning period.

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