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 will be entitled to an annual cash payment, or payment in kind, equal to 1.125% - 2.0% (depending on prevailing gold prices and foreign exchange rates) 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.
Vista and the Jawoyn Association have agreed to collaboratively promote and advance cross-cultural awareness, develop a regional employment strategy and establish protocols for ongoing protection and management of cultural heritage sites. Additionally, the Company and the Jawoyn Association have established a framework for creating opportunities for training and employment and for the development of aboriginal businesses in a mutually beneficial manner. Vista has long supported, promoted and fostered employment opportunities for aboriginal people at Mt Todd and this framework provides a path for continuing success. A leaders forum has been established to provide ongoing coordination between the Company and the Jawoyn Association as part of the shared interest in the development of a project that is expected to provide significant economic benefit for the Jawoyn people, while respecting their culture and traditions. These initiatives reiterate the Jawoyn Association’s strong support for the Project and Vista’s unwavering commitment to social and corporate responsibility.