Segment Information

12 Months Ended

Dec. 31, 2024

Segment Information

Segment Information

11. Segment Information

The Company has one reportable segment: Australia. The Australia segment conducts exploration, development, and care and maintenance activities at Vista’s principal asset, the Mt Todd gold project in Northern Territory, Australia. This segment does not presently report any revenues from operations. Through the Australia segment, the Company seeks to position Mt Todd as a development opportunity within the gold sector. The Company’s chief operating decision maker is the Chief Executive Officer (“CODM”). The CODM uses consolidated net income/loss as the measure of segment profit and loss to assess performance and allocate resources.

We reported no revenues during the years ended December 31, 2024 or 2023. The geographic location of mineral properties and plant and equipment is provided in Notes 3 and 4, respectively.

	Year Ended December 31,
	2024		2023
Australia segment operating income (expense):
Gain on grant of royalty interest in mineral titles	$	16,909	$	—
Employee Compensation		(1,749)		(1,675)
Drilling		(1,891)		—
Capitalized Development Drilling		1,865		—
Project Programs		(506)		(412)
Site Holding		(458)		(307)
Administrative		(388)		(384)
Consulting & Contract Services		(201)		(222)
Power		(130)		(220)
Depreciation and amortization		(55)		(40)
Australia segment operating income (loss)		13,396		(3,260)
Reconciliation to operating income (loss)
Corporate administration		(3,663)		(3,504)
Gain on sale of plant and equipment		802		—
Total operating income (expense), net		10,535		(6,764)
Non-operating income:
Interest income		701		263
Other income (expense)		13		(84)
Total non-operating income		714		179
Net income (loss)	$	11,249	$	(6,585)
Australia segment expenditures: mineral property and capital assets	$	2,209	$	51
	At December 31, 2024		At December 31, 2023
Australia segment long-lived assets	$	1,402	$	2,350