2 Mar 2026material agreement▲ GoodMajor
With gold prices near record highs and its smaller, cheaper Mt Todd plan now feasible, Vista raised about US$39 million in a share offering - one of its largest raises yet - to help fund construction.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Sept 2025resource reserve update● Neutral
Vista filed the formal technical report backing its resized, 15,000-tonne-per-day Mt Todd feasibility study.
29 July 2025resource reserve update▲ GoodMajor
In a major strategy shift, Vista cut Mt Todd down to a much smaller 15,000-tonne-per-day starter project, slashing initial capital costs 59% to $425 million while still targeting strong returns - a deliberate move to make the long-stalled project financeable for near-term construction rather than waiting for a larger build.
8 Nov 2024material agreement● Neutral
Vista set up a new US$8 million at-the-market share facility with H.C. Wainwright to replace its prior arrangement.
14 Mar 2024resource reserve update▲ GoodMajor
An updated feasibility study showed Mt Todd's value held up despite rising construction costs (initial capital up $138 million) and the new Wheaton royalty, with after-tax NPV actually improving slightly to $1.13 billion.
28 Feb 2024debt financing▲ GoodMajor
Vista received the second, $7 million installment of the Wheaton royalty financing after granting Wheaton a security interest (a mortgage) over its Mt Todd mineral rights.
18 Jan 2024material agreement● Neutral
Longtime technical leader John Rozelle moved from an employee role to an independent-contractor position, with a bonus payable if Vista is acquired before mid-2024 - a clause suggesting the company was positioning for a possible sale.
15 Dec 2023material agreement▲ GoodMajor
Vista sold Wheaton Precious Metals a 1% royalty on Mt Todd's future gold revenue for US$20 million, its first streaming-style financing and a way to fund the project without more share dilution or straight debt.
15 June 2023auditor change● Neutral
Vista appointed Davidson & Company as its new auditor following a competitive review process.
26 May 2023material agreement▲ Good
Vista's Mt Todd land agreement with the Northern Territory government was extended again, this time to the end of 2029 with an option for three more years, giving the project a much longer runway to reach a development decision.
10 Feb 2022resource reserve update▲ GoodMajor
Vista's first full feasibility study (rather than a preliminary one) for Mt Todd lifted reserves 19% to nearly 7 million ounces and outlined a 16-year mine, with an after-tax NPV of $1.5 billion at $1,800 gold.
13 Dec 2021material agreement● Neutral
Vista renewed its at-the-market share sale facility again under a fresh shelf registration.
12 July 2021material agreement● NeutralMajor
Vista raised about US$13.5 million in a share and warrant offering at US$1.10 per unit to keep advancing Mt Todd.
2 Dec 2020material agreement▲ GoodMajor
Vista renegotiated its founding 2006 land agreement with the Jawoyn Association, the traditional owners at Mt Todd: instead of an option to become a 10% joint-venture partner in the mine, the Jawoyn now get a straightforward royalty on revenue, simplifying Vista's path to developing the project while adding new commitments on training, employment and contracting for the Jawoyn people.
28 Oct 2020resource reserve update● Neutral
Vista re-filed the amended Mt Todd technical report from earlier in October to satisfy its SEC disclosure obligations.
9 Oct 2020resource reserve update● Neutral
Vista amended its Mt Todd technical report to correct and clarify some details, without changing the underlying feasibility study numbers.
25 June 2020material agreement● Neutral
Vista renewed its at-the-market share sale facility with H.C. Wainwright ahead of its prior shelf registration expiring, keeping its flexible fundraising option open.
6 Apr 2020capital raising announcement● Neutral
Vista granted a third-party service provider options on 50,000 shares, exercisable at $0.51, in exchange for advisory services.
30 Mar 2020resource reserve update▲ Good
An independent review by GR Engineering confirmed Vista's cost and schedule assumptions for the 2019 Mt Todd feasibility study were reasonable, adding outside validation to the numbers.
15 Oct 2019resource reserve update● Neutral
Vista refiled the same Mt Todd technical report in a different exhibit format, disclosing no new information.
8 Oct 2019resource reserve update● NeutralMajor
Filed the NI 43-101 technical report behind the September 2019 preliminary feasibility study for Mt Todd - a 50,000 tonne-a-day open pit with 91.9% life-of-mine gold recovery, a US$823 million net present value and a 23.4% return at US$1,350 gold. Vista said it would not take on the debt and dilution of building the mine alone and was looking for a development partner.
13 Sept 2019resource reserve update▲ GoodMajor
An updated feasibility study lifted Mt Todd's projected after-tax value to $823 million (up from $679 million in 2018) on improved gold recovery, while reserves held steady at 5.85 million ounces.
15 Jan 2019resource reserve update▲ Good
More crushing and sorting tests on higher-grade Mt Todd ore samples confirmed the process improvements work even better on richer material, and Vista set a schedule to update its feasibility study by mid-2019.
5 Oct 2018auditor change● Neutral
Vista's auditor, EKS&H, merged into Plante Moran, which became the company's new auditor as a result; no disputes were involved.
8 Mar 2018resource reserve update● Neutral
Vista filed the formal technical report backing its January 2018 Mt Todd feasibility study.
29 Jan 2018resource reserve update▲ GoodMajor
An updated feasibility study confirmed Mt Todd's economics held up well even after redesigning the plant around ore sorting - reserves basically unchanged at 5.85 million ounces but stronger cash flow and a $679 million after-tax NPV at $1,300 gold.
28 Nov 2017resource reserve update▲ GoodMajor
Further metallurgical testing showed Vista's ore-sorting and grinding redesign would boost Mt Todd's gold recovery to about 86%, and the company guided to an updated feasibility study in early 2018.
22 Nov 2017material agreement● NeutralMajor
Vista set up a US$10 million at-the-market share sale facility with H.C. Wainwright, giving it a flexible way to raise cash gradually rather than through one-off placements.
27 Oct 2017material agreement● NeutralMajor
Vista optioned Guadalupe de los Reyes to Minera Alamos, which can now earn 100% of the Mexican project for US$6 million plus royalties - a bigger deal than the 2014 Cangold option it replaces.
26 July 2017resource reserve update▲ GoodMajor
Test-sorting of ore samples confirmed Vista could cheaply reject 8-10% of Mt Todd's waste rock before grinding, and the company began updating its feasibility study to incorporate the technology.