Exhibit 99.1

 

  7961 Shaffer Parkway  
Suite 5  
Littleton, CO  80127  
Phone:  720-981-1185

Trading Symbol: VGZ 

Fax:      720-981-1186

Toronto and NYSE American Stock Exchanges 

 

 

 

__________________ NEWS _________________

 

Vista Gold Corp. Announces First Quarter Financial Results

 

Denver, Colorado, April 27, 2018

– Vista Gold Corp. (TSX & NYSE American: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results for the first quarter ended March 31, 2018. Management’s quarterly conference call to discuss these results is scheduled for 10:30 a.m. MDT on May 4, 2018. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed on April 27, 2018 with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.

 

Summary of Q1, 2018 Financial Results

 

We reported a net loss of $0.9 million or $0.01 per share for the three-month period ended March 31, 2018. This includes $3.1 million of operating expenses, a $2.0 million mark-to-market gain on our investment in Midas Gold Corp. and other income of $0.2 million.

 

Our working capital at March 31, 2018 totaled approximately $18.6 million, including cash and short-term investments (comprised of government securities) of approximately $13.3 million. The Company currently has no debt.

 

Frederick H. Earnest, President and Chief Executive Officer, commented, “In the first quarter, we announced the achievement of two important milestones for the Mt Todd gold project. The approval of the authorization required under the Australian Commonwealth Environmental Protection and Biodiversity Protection Act marks the successful conclusion of several years of environmental permitting work. The updated preliminary feasibility study results demonstrate the significant positive impact of the technical programs that were completed during the preceding 18 months. We are now undertaking optimization studies which we expect to complete over the next two quarters.”

 

Management Conference Call

 

A conference call with management to review our financial results for the quarter March 31,2018 and to discuss corporate and project activities is scheduled for Friday, May 4, 2018 at 10:30 a.m. MDT.

 

Participant Toll Free: 844-898-8648

International: 647-689-4225

Conference ID: 7285669

 

This call will also be web-cast and can be accessed at the following web location:

 

http://event.on24.com/r.htm?e=1664998&s=1&k=26A74DF95DF920CD5DE2CF8A1A66A766

 

 


The following information was filed by Vista Gold Corp (VGZ) on Wednesday, May 2, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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