completed Gold last study of with excellent annual I'll our the significant average outlook February by Todd completion the review then gold of mind we achievements increased review. reserves production the XXXX ounces the seven to million of that that for Doug of X.XX operations Project, year, XXX,XXX an XXX% with ounces a estimated begin during you, and Mt In extended with the for provide the milestone Thank a which remainder and for feasibility of year. our XX-year an life. first XX% to of XX commercial years gold mine life owned of of years
We inflation. believe Todd's to feasibility strength production the of economics ability robust affirms deliver and Mt the flows study with cash to resilience significant capacity,
the please can found For be refer website and Instrument XXXX our webcast of news more and February details XX-XXX download either its compliant XXXX the our or or which feasibility feasibility @www.vistagold.com. results, about National of on release both to a SK report, copy X, study study
with year, at CIBC last as mandate evaluating a of and CIBC's March Mt Gold value. complete leading an strategic is maximizing Project. of priority, the alternatives Capital of technical process In Mt of process a the CIBC, accretive on unlock value which interest ongoing shareholder in to The our assist continues feedback we Todd. to merits a to transaction top Todd to generate the remains range with appointed includes objective Markets and strategic positive advisor broad
creates recognizing future on recently Todd cautious of portion opportunity by value to scale interested an projects. sector, remain large and provides that for completing but in recognition. focused right the to a approach a one our We've M&A Mt the activity of greater value development transaction, ample uptick new maintain present parties We continue seen in value
efforts, XXXX. personally cost of I pleased cost that regards in we Now reduction with our am with to very reduction the results measures the implemented
As plan. Doug reported earlier, costs, XXXX we approximately XX% recurring our below reduced significantly which were
cost recurring costs reduce we our have further and actions reductions. evaluate to continue by for to additional taken XXXX, opportunities For and X% approximately implement
current respectable this work leader project our on ounce continue I At and efficient. costs reducing with more annualized cost. levels less of for is a reserves proven while probable observation are commented $X.XX costs per and to who very agree one the Mt preserving the of holding expenditure value industry Todd we than that being of
Last an potentially and Results year four targets, also to exploration kilometer an delineation north this we resources up immediately additional of with including cover program exploration licenses area mining potential, to excellent pit. the contiguous prospective X,XXX resource X.X historical ounces highly a XX-month demonstrate exploration trend drilling program representing an within kilometers. the additional concluded of on grassroots from but approximately Vista Batman $X.X plans growth advance to of no complete and extending million of $X.X which are gold. square the immediate million license to drilling, has continues
form Now of Todd evaluate Todd exciting to transaction efficiency, But of looking other project. continue doing Mt and cost a what prioritize we're that ahead, we our of really effectiveness goals for value enhancing shareholder a long-term the or is scale is partner work to seeking value. smaller maximize to and improving the Mt
objective the development. costs, operating is company preserving for and earlier initial project As the scale evaluating of lower with expansion construct and a we the updating easier smaller achieving stage or announced to subsequent capital this costs, the potential significantly year,
a with development that Mt interested demonstrating strategies. We viable optionality strategy new under previously costs will in of parties different appeal Todd expressed have those to believe interest who and attract lower development the initial
our an to As study will internal is attentive at this but to encourage be I announcements. scoping level upcoming disclosure point, this limited, you be
controls along completed and proven with gold With have Project in study, as million of Australia. in the the Todd largest most years, package completed Mt of undeveloped ounces the last has over positioned probable work advanced the third conclusion, largest Vista Australia. reserves, several the in Now one recently the we and Gold projects feasibility reserve X
power Australia, pipeline advantages. and basic operational and paved Mount facility, Mt construction roads, jurisdiction. the Todd the timeline reservoir impoundment northern is distinct a storage territory to natural of and tailings lines, Todd, site very The freshwater extremely gas ideally provide risk mining stable infrastructure combined consisting an and with at friendly mitigation located infrastructure in existing including of
project and Our low have technical operating shareholder gold price the from efficient costs capital with the focus designs leverage on that for and benefits foundation that the created programs value. to improved are
social all of in that but hard earned We one most just hand. stage attractive We the equal confident stakeholders have Australia, secure have the a and the to authorization Of asset development the and believe permits. major of of license are of firmly the Mt superior is in we projects, local gold not the our is trust importance, world. Todd worked in
Northern Todd that Territory, the gold production Australia's excellent low completed the profile, Our evaluation achieve favorable and by hold reflective robust all operating feasibility in Mt fact of permits. demonstrated for we project is location risk project's approvals study operating from long economics objective the recovery, major costs, gold as the primary that to life, is
one's increase to For Vista opportunity work Gold and a believe presentation, more represents Gold. to position that website our you comprehensive Todd Mt We by in that which @www.vistagold.com. on completed of opportunity I corporate current refer investment found establish tremendous a a our prices can holdings Vista or exceptional the be Project, review the an Vista on represent
Julie, to that questions We'll respond concludes to the participants happy be prepared call. any from remarks. now our on
