Working with the Jawoyn Community The Mt Todd mining licenses are located on freehold land owned by the Jawoyn people. Vista Gold has an agreement with the Jawoyn Aboriginal Association Corporation (the “Jawoyn”) that governs the use of the land on the mining site. Under our agreement with the Jawoyn, we must offer them the opportunity to establish a joint venture, with Vista holding 90% and the Jawoyn holding a 10% participating interest in the Mt Todd gold project. In addition, the Jawoyn will be entitled to an annual cash payment, or payment in kind, equal to 1% of the value of the annual gold production from the current mining licenses, and a 1% NSR royalty on other metals, subject to a minimum payment of $50,000 per year.
Since 2006 when Vista Gold first assumed responsibility for care and maintenance of the site, Vista Gold has supported the Jawoyn people by offering work opportunities for those jobs that have become available. An agreement was signed at the time with the Jawoyn to provide labour to support exploration activities and care and maintenance activities at the site, which is ongoing.
As, and when, the site is developed Vista Gold is committed to employing local aboriginal people in the mine operation.