# EDGAR Filing Document

**Accession Number:** 0000783324
**File Stem:** 0000783324-26-000032
**Filing Date:** 2026-6
**Character Count:** 44112
**Document Hash:** 56cca4abbe76fcb7e98432d22a9117b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000783324-26-000032.hdr.sgml**: 20260602

**ACCESSION NUMBER**: 0000783324-26-000032

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VISTA GOLD CORP
- **CENTRAL INDEX KEY:** 0000783324
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980542444
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09025
- **FILM NUMBER:** 261055071

**BUSINESS ADDRESS:**
- **STREET 1:** 8310 S. VALLEY HWY, SUITE 300
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** 720-981-1185

**MAIL ADDRESS:**
- **STREET 1:** 8310 S. VALLEY HWY, SUITE 300
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRANGES INC
- **DATE OF NAME CHANGE:** 19950602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRANGES EXPLORATION LTD
- **DATE OF NAME CHANGE:** 19890619

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_______________________

**FORM SD**

**Specialized Disclosure Report**

_______________________

**VISTA GOLD CORP.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **British Columbia, Canada** | **001-09025** | **98-0542444** |
| (State or other jurisdiction of<br>incorporation or organization)  | (Commission File Number) | (IRS Employer<br>Identification No.)  |

---

---

| | |
|:---|:---|
| **8310 S Valley Hwy, Suite 300, Englewood, Colorado** | **80112** |
| (Address of principal executive offices) | (Zip Code) |

---

**Douglas L. Tobler<br>(720) 981-1185**

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025.

------

**SECTION 1 – Conflict Minerals Disclosure**

**Item 1.01 - Conflict Minerals Disclosure and Report**

Not applicable.

**Item 1.02 - Exhibit**

Not applicable.

**SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

Vista Gold Corp. ("Vista"), a British Columbia corporation, is subject to Canada's Extractive Sector Transparency Measures Act ("ESTMA"). Vista is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2025 to satisfy the requirements of Item 2.01. Vista's ESTMA report is available on Vista's website at www.vistagold.com/esg/social or on the Government of Canada's website at https://natural-resources.canada.ca/estma-data. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

**SECTION 3 – EXHIBITS**

**Item 3.01. Exhibits**

The following exhibit is filed as part of this report.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 2.01 | [Extractive Sector Transparency Measures Act – Annual Report for Vista Gold Corp. for the year ended December 31, 2025](vgz-20251231xex2d01.htm) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

---

| | | |
|:---|:---|:---|
| **VISTA GOLD CORP.** | **VISTA GOLD CORP.** | **VISTA GOLD CORP.** |
| By: | */s/ Douglas L. Tobler* | June 2, 2026 |
|  | Douglas L. Tobler | (Date) |
|  | Chief Financial Officer |  |

---

------

## Exhibit 2.01

?xml version='1.0' encoding='ASCII'? Vista Gold Corp_12/31/2025

2.01 SDfalse0000783324CA160000rxp:Feescountry:AUsnj:AU-NTvgz:NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMembervgz:MtToddGoldProjectMember100000rxp:Feescountry:AUsnj:AU-NTvgz:NorthernTerritoryGovernmentMembervgz:MtToddGoldProjectMember0000783324country:AUvgz:NorthernTerritoryGovernmentMember2025-01-012025-12-310000783324country:AUvgz:NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember2025-01-012025-12-310000783324vgz:MtToddGoldProjectMember2025-01-012025-12-31000078332422025-01-012025-12-31000078332412025-01-012025-12-3100007833242025-01-012025-12-31iso4217:USD

**Exhibit 2.01**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | &nbsp;&nbsp;![Graphic](vgz-20251231xex2d01001.jpg) |
| **Reporting Entity Name** | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;![Graphic](vgz-20251231xex2d01001.jpg) |
| **Reporting Year** | &nbsp;&nbsp;**From** | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp;**To:** | &nbsp;&nbsp;12/31/2025  | &nbsp;&nbsp;**Date submitted** | &nbsp;&nbsp;5/25/2026 | &nbsp;&nbsp;![Graphic](vgz-20251231xex2d01001.jpg) |
| **Reporting Entity** **ESTMA** **Identification Number** | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;◉ Original Submission<br>○ Amended Report | &nbsp;&nbsp;◉ Original Submission<br>○ Amended Report |  |  |  |
| **Reporting Entity** **ESTMA** **Identification Number** | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;◉ Original Submission<br>○ Amended Report | &nbsp;&nbsp;◉ Original Submission<br>○ Amended Report |  |  |  |
| **Other Subsidiaries Included** (optional field) |  |  |  |  |  |  |  |
| **Not Consolidated** |  |  |  |  |  |  |  |
| **Not Substituted** |  |  |  |  |  |  |  |
| **Attestation by Reporting Entity** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  |  |
| &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  |  |
| &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  |  |
| &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  |  |
| &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  | &nbsp;&nbsp;*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.*  |  |
|  |  |  |  |  |  |  |  |
| **Full Name of Director or Officer of Reporting Entity** | &nbsp;&nbsp;**Douglas L. Tobler** | &nbsp;&nbsp;**Douglas L. Tobler** | &nbsp;&nbsp;**Douglas L. Tobler** | &nbsp;&nbsp;**Douglas L. Tobler** | &nbsp;&nbsp;**Date** | &nbsp;&nbsp;*5/25/2026* |  |
| **Position Title** | &nbsp;&nbsp;**Chief Financial Officer** | &nbsp;&nbsp;**Chief Financial Officer** | &nbsp;&nbsp;**Chief Financial Officer** | &nbsp;&nbsp;**Chief Financial Officer** | &nbsp;&nbsp;**Date** | &nbsp;&nbsp;*5/25/2026* |  |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | &nbsp;&nbsp;**From:** | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp;**To:**  | &nbsp;&nbsp;12/31/2025 |  |  |
| **Reporting Entity Name** | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;**Currency of the Report** | &nbsp;&nbsp;USD  |
| **Reporting Entity ESTMA Identification Number** | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 |  |  |
| **Subsidiary Reporting Entities (if necessary)** |  |  |  |  |  |  |
| **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** |

---

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Country** | &nbsp;&nbsp;**Payee Name**<sup>1</sup> | &nbsp;&nbsp;**Departments, Agency, etc… within Payee that Received Payments**<sup>2</sup> | &nbsp;&nbsp;**Taxes** | &nbsp;&nbsp;**Royalties** | &nbsp;&nbsp;**Fees** | &nbsp;&nbsp;**Production Entitlements** | &nbsp;&nbsp;**Bonuses** | &nbsp;&nbsp;**Dividends** | &nbsp;&nbsp;**Infrastructure Improvement Payments** | &nbsp;&nbsp;**Total Amount paid to Payee** | &nbsp;&nbsp;**Notes**<sup>34</sup> |
| &nbsp;&nbsp;Australia | &nbsp;&nbsp;Northern Territory Government | &nbsp;&nbsp;Department of Mining & Energy | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;160000 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;**160000** | &nbsp;&nbsp;Amounts in US dollars, the Company's reporting currency, utilizing a foreign exchange rate of 0.6445 from Australian dollars to US dollars which approximates the average for the reporting year. |
| &nbsp;&nbsp; Australia | &nbsp;&nbsp; Northern Territory Government |  | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;100000 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;**100000** | &nbsp;&nbsp;Amounts in US dollars, the Company's reporting currency, utilizing a foreign exchange rate of 0.6445 from Australian dollars to US dollars which approximates the average for the reporting year. |

---

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| |
|:---|
| **Additional Notes:** |
| &nbsp;&nbsp;<sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).  |
| &nbsp;&nbsp;<sup>2</sup> Optional field. |
| &nbsp;&nbsp;<sup>3</sup> When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. |
| &nbsp;&nbsp;<sup>4</sup> Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | &nbsp;&nbsp;**From:** | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp;**To:**  | &nbsp;&nbsp;12/31/2025 |  |  |
| **Reporting Entity Name** | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;Vista Gold Corp. | &nbsp;&nbsp;**Currency of the Report** | &nbsp;&nbsp;USD |
| **Reporting Entity ESTMA Identification Number** | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 | &nbsp;&nbsp;E297726 |  |  |
| **Subsidiary Reporting Entities (if necessary)** |  |  |  |  |  |  |
| **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Country** | &nbsp;&nbsp;**Project Name**<sup>1</sup> | &nbsp;&nbsp;**Taxes** | &nbsp;&nbsp;**Royalties** | &nbsp;&nbsp;**Fees** | &nbsp;&nbsp;**Production Entitlements** | &nbsp;&nbsp;**Bonuses** | &nbsp;&nbsp;**Dividends** | &nbsp;&nbsp;**Infrastructure Improvement Payments** | &nbsp;&nbsp;**Total Amount paid by Project** | &nbsp;&nbsp;**Notes**<sup>23</sup> |
| &nbsp;&nbsp;Australia | &nbsp;&nbsp;Mt Todd Gold Project | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;260000 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;**260000** | &nbsp;&nbsp;**Amounts in US dollars, the Company's reporting currency, utilizing a foreign exchange rate of 0.6445 from Australian dollars to US dollars which approximates the average for the reporting year.** |

---

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| |
|:---|
| **Additional Notes**<sup>3</sup>**:** |
| &nbsp;&nbsp;<sup>1</sup> Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table. |
| &nbsp;&nbsp;<sup>2</sup> When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. |
| &nbsp;&nbsp;<sup>3</sup> Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. |

---

## Exhibit 2.01

```

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<!--Created on: 6/2/2026 6:16:21 PM-->
<!--Modified on: 6/2/2026 6:16:21 PM-->
<xsd:schema targetNamespace="http://vistagold.com/20251231" attributeFormDefault="unqualified" elementFormDefault="qualified" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:deprecated="http://www.xbrl.org/2009/role/deprecated" xmlns:dtr="http://www.xbrl.org/2009/dtr" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:country="http://xbrl.sec.gov/country/2025" xmlns:enum2="http://xbrl.org/2020/extensible-enumerations-2.0" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:attributeFormDefault="unqualified" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:rxp="http://xbrl.sec.gov/rxp/2025" xmlns:vgz="http://vistagold.com/20251231" xmlns:snj="http://xbrl.sec.gov/snj/2025">
  <xsd:annotation>
    <xsd:appinfo>
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        <roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#di" roleURI="http://xbrl.sec.gov/dei/role/document/DocumentInformation" xmlns="http://www.xbrl.org/2003/linkbase" />
        <roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ByProject" roleURI="http://xbrl.sec.gov/rxp/role/ByProject" xmlns="http://www.xbrl.org/2003/linkbase" />
        <roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ByGovernment" roleURI="http://xbrl.sec.gov/rxp/role/ByGovernment" xmlns="http://www.xbrl.org/2003/linkbase" />
        <roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#Detail" roleURI="http://xbrl.sec.gov/rxp/role/Detail" xmlns="http://www.xbrl.org/2003/linkbase" />
        <link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/GovernmentsOnly" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#GovernmentsOnly" xlink:type="simple" />
        <link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ProjectsOnly" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ProjectsOnly" xlink:type="simple" />
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        <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" />
        <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" />
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        <link:arcroleRef arcroleURI="http://www.esma.europa.eu/xbrl/esef/arcrole/wider-narrower" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/arcrole/esma-arcrole-2018-11-21.xsd#wider-narrower" />
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        <presentationLink xlink:role="http://xbrl.sec.gov/rxp/role/ByProject" xlink:type="extended" xlink:title="995601 - Disclosure - Payments, by Project" xmlns="http://www.xbrl.org/2003/linkbase">
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          <loc xlink:type="locator" xlink:href="#vgz_MtToddGoldProjectMember" xlink:label="vgz_MtToddGoldProjectMember_639160209810296777" />
        </presentationLink>
        <presentationLink xlink:role="http://xbrl.sec.gov/rxp/role/ByGovernment" xlink:type="extended" xlink:title="995602 - Disclosure - Payments, by Government" xmlns="http://www.xbrl.org/2003/linkbase">
          <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="country_AllCountriesDomain_639160209810296777" xlink:to="country_AU_639160209810296777" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/label" />
          <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AllCountriesDomain" xlink:label="country_AllCountriesDomain_639160209810296777" />
          <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AU" xlink:label="country_AU_639160209810296777" />
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          <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#rxp_AllGovernmentsMember" xlink:label="rxp_AllGovernmentsMember_639160209810296777" />
          <loc xlink:type="locator" xlink:href="#vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xlink:label="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember_639160209810296777" />
          <loc xlink:type="locator" xlink:href="#vgz_NorthernTerritoryGovernmentMember" xlink:label="vgz_NorthernTerritoryGovernmentMember_639160209810296777" />
        </presentationLink>
        <presentationLink xlink:role="http://xbrl.sec.gov/rxp/role/Detail" xlink:type="extended" xlink:title="995603 - Disclosure - Payments, Details" xmlns="http://www.xbrl.org/2003/linkbase" />
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          <link:loc xlink:type="locator" xlink:href="#vgz_MtToddGoldProjectMember" xlink:label="vgz_MtToddGoldProjectMember" xlink:title="vgz_MtToddGoldProjectMember" />
          <link:definitionArc xlink:type="arc" xlink:from="rxp_AllProjectsMember" xlink:to="vgz_MtToddGoldProjectMember" use="optional" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:title="definition:rxp_AllProjectsMember To vgz_MtToddGoldProjectMember" order="1" priority="0" />
        </link:definitionLink>
        <link:definitionLink xlink:role="http://xbrl.sec.gov/rxp/role/GovernmentsOnly" xlink:type="extended" xlink:title="Government Only">
          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#rxp_AllGovernmentsMember" xlink:label="rxp_AllGovernmentsMember" xlink:title="rxp_AllGovernmentsMember" />
          <link:loc xlink:type="locator" xlink:href="#vgz_DepartmentOfIndustryTourismAndTradeMember" xlink:label="vgz_DepartmentOfIndustryTourismAndTradeMember" xlink:title="vgz_DepartmentOfIndustryTourismAndTradeMember" />
          <link:definitionArc xlink:type="arc" xlink:from="rxp_AllGovernmentsMember" xlink:to="vgz_DepartmentOfIndustryTourismAndTradeMember" use="optional" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:title="definition:rxp_AllGovernmentsMember To vgz_DepartmentOfIndustryTourismAndTradeMember" order="1" priority="0" />
          <link:loc xlink:type="locator" xlink:href="#vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xlink:label="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xlink:title="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" />
          <link:definitionArc xlink:type="arc" xlink:from="rxp_AllGovernmentsMember" xlink:to="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" use="optional" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:title="definition:rxp_AllGovernmentsMember To vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" order="2" priority="0" />
          <link:loc xlink:type="locator" xlink:href="#vgz_NorthernTerritoryGovernmentMember" xlink:label="vgz_NorthernTerritoryGovernmentMember" xlink:title="vgz_NorthernTerritoryGovernmentMember" />
          <link:definitionArc xlink:type="arc" xlink:from="rxp_AllGovernmentsMember" xlink:to="vgz_NorthernTerritoryGovernmentMember" use="optional" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:title="definition:rxp_AllGovernmentsMember To vgz_NorthernTerritoryGovernmentMember" order="3" priority="0" />
        </link:definitionLink>
        <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
          <loc xlink:type="locator" xlink:href="#vgz_MtToddGoldProjectMember" xlink:label="vgz_MtToddGoldProjectMember" xmlns="http://www.xbrl.org/2003/linkbase" />
          <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="vgz_MtToddGoldProjectMember" xlink:to="vgz_MtToddGoldProjectMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="vgz_MtToddGoldProjectMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Mt Todd Gold Project [Member]</label>
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="vgz_MtToddGoldProjectMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Mt Todd Gold Project [Member]</label>
          <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AU" xlink:label="country_AU" xmlns="http://www.xbrl.org/2003/linkbase" />
          <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AU" xlink:to="country_AU_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_AU_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">AUSTRALIA</label>
          <loc xlink:type="locator" xlink:href="#vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xlink:label="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xmlns="http://www.xbrl.org/2003/linkbase" />
          <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" xlink:to="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Northern Territory Government, Department Of Mining And Energy [Member]</label>
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Northern Territory Government, Department Of Mining And Energy [Member]</label>
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          <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="vgz_NorthernTerritoryGovernmentMember" xlink:to="vgz_NorthernTerritoryGovernmentMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="vgz_NorthernTerritoryGovernmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Northern Territory Government [Member]</label>
          <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="vgz_NorthernTerritoryGovernmentMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Northern Territory Government [Member]</label>
        </link:labelLink>
      </link:linkbase>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/rxp/2025" schemaLocation="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/snj/2025" schemaLocation="https://xbrl.sec.gov/snj/2025/snj-2025.xsd" />
  <xsd:element name="MtToddGoldProjectMember" id="vgz_MtToddGoldProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DepartmentOfIndustryTourismAndTradeMember" id="vgz_DepartmentOfIndustryTourismAndTradeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" id="vgz_NorthernTerritoryGovernmentDepartmentOfMiningAndEnergyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NorthernTerritoryGovernmentMember" id="vgz_NorthernTerritoryGovernmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
</xsd:schema>
</XBRL>

```