SCHEDULE 13G/A 0001280493 XXXXXXXX LIVE 4 Common Shares without par value 12/31/2025 0000783324 Vista Gold Corp. 927926303 8310 S. Valley Hwy Suite 300 Englewood CO 80112 Rule 13d-1(c) SUN VALLEY GOLD LLC b DE 0.00 0.00 0.00 0.00 0.00 N 0 IA Palmedo Holdings LLLP b NV 0.00 2625980.00 0.00 2625980.00 2625980.00 N 2 PN SUN VALLEY GOLD MASTER FUND, LTD. b E9 0.00 0.00 0.00 0.00 0.00 N 0 CO PETER F. PALMEDO b X1 933459.00 2625980.00 933459.00 2625980.00 3559439.00 N 3 IN Vista Gold Corp. 8310 S. Valley Hwy, Suite 300, Englewood, Colorado 80112 Sun Valley Gold LLC Palmedo Holdings LLLP Sun Valley Gold Master Fund, Ltd. Peter F. Palmedo Sun Valley Gold LLC 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Palmedo Holdings LLLP 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Sun Valley Gold Master Fund, Ltd. 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Peter F. Palmedo 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Sun Valley Gold LLC - Delaware Palmedo Holdings LLLP - Other - Nevada Sun Valley Gold Master Fund, Ltd. - Cayman Islands Peter F. Palmedo - United States Y Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 2,625,980 Sun Valley Gold Master Fund, Ltd. - 0 Peter F. Palmedo - 3,559,439 Sun Valley Gold LLC - 0% Palmedo Holdings LLLP - 2% Sun Valley Gold Master Fund, Ltd. - 0% Peter F. Palmedo - 3% Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0 Peter F. Palmedo - 933,459 Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 2,625,980 Sun Valley Gold Master Fund, Ltd. - 0 Peter F. Palmedo - 2,625,980 Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 0 Sun Valley Gold Master Fund, Ltd. - 0 Peter F. Palmedo - 933,459 Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 2,625,980 Sun Valley Gold Master Fund, Ltd. - 0 Peter F. Palmedo - 2,625,980 N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Material to be Filed as Exhibit: Exhibit A - Joint Filing Agreement SUN VALLEY GOLD LLC By: /s/ Peter F. Palmedo 02/05/2026 Palmedo Holdings LLLP By: /s/ Peter F. Palmedo 02/05/2026 SUN VALLEY GOLD MASTER FUND, LTD. By: /s/ Peter F. Palmedo 02/05/2026 PETER F. PALMEDO By: /s/ Peter F. Palmedo 02/05/2026 * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.