Vista Gold Mount Todd Feasibility Study Projects $1.1B NPV, 27.8% IRR
Vista Gold’s Mount Todd feasibility study forecasts a $1.1 billion NPV at a $2,500 gold price and a 27.8% IRR, following a rise in project spending from $3.5 million in 2024 to $5.6 million last year. Detailed engineering is slated to begin mid-2027, targeting first gold production 27 months later.
1. Feasibility Study Highlights
The Mount Todd feasibility study delivers a $1.1 billion net present value at a $2,500 gold price and an internal rate of return of 27.8%, demonstrating robust project economics and strong leverage to gold price movements.
2. Production Timeline and Engineering
Management plans to commence detailed engineering and design in mid-2027, with a projected 27-month build period thereafter, positioning first gold pour in early 2030 if milestones are met.
3. Project Expenditure and Financing Strategy
Mount Todd-related expenditures increased from $3.5 million in 2024 to $5.6 million in 2025. The company aims to fund 65–70% of development via debt to minimize dilution while pursuing accretive share issuances only if necessary.
4. Geopolitical and Input Cost Outlook
Located in Australia’s Northern Territory, the project benefits from favorable discount rates and stable local natural gas and fuel costs, with only modest equipment and construction cost inflation anticipated despite global uncertainties.