Vista Gold Q3 net loss narrows to $0.7M; Mt Todd study shows $1.1B NPV

VISTA GOLD CORP

2025-Q3 EPS reported -$0.05

Q3 2025 net loss of $0.7M ($0.01/shr) vs. $1.6M loss in Q3 2024; benefited from $1.3M tax recovery.
Cash of $13.7M at Sept 30, 2025, down from $16.9M at Dec 31, 2024; no debt.
Mt Todd feasibility study (15 ktpd) yields after-tax NPV5% $1.1B, IRR 27.8%, payback 2.7 yrs at $2,500/oz gold.
Company pursuing permit modifications and technical work ahead of detailed engineering decision.
Management conference call scheduled for Nov 13, 2025.

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