Vista Gold updates Mt Todd progress, targets 2027 engineering start

Vista Gold Corp. (NYSE American: VGZ) provided an update on its Mt Todd gold project in Australia's Northern Territory, outlining permitting progress, team expansion, and pre-development programs.

The company said it is advancing permit modifications to align existing approvals with its 2025 Mt Todd Feasibility Study. Some modifications have already been submitted and initial authorizations granted. Vista expects certain additional approvals in the second half of 2026, with final approvals anticipated in 2027. The company is targeting the start of detailed engineering and design in 2027, which it says would initiate an approximately 27-month period of engineering, construction, and commissioning.

An initial phase of a dewatering program is underway at the Batman pit and tailings storage facility, with additional phases planned later this year. The company has also completed refinements to the site layout design and is preparing for tailings storage facility pre-design field investigations.

Vista said it is building an Australia-based executive leadership team, with offices in Perth and the Northern Territory. The company is actively recruiting, including for an Australia-based Managing Director to lead project development.

A metallurgical test program to optimize grind size and gold recoveries is described as well advanced, with final results expected later this year. A geotechnical program at the Batman pit to evaluate opportunities to steepen the west pit wall and potentially convert mineral resources to additional mineral reserves is also nearing completion.

Vista also announced participation in the Diggers & Dealers Mining Forum, scheduled for August 3–5, 2026, in Kalgoorlie, Western Australia. The company's President and CEO and Chief Financial Officer will attend alongside members of the executive leadership and project development teams.

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