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Vista Gold Corp (VGZ) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Vista Gold Corp

CIK: 783324 Ticker: VGZ
EXHIBIT 99.1

 
   


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



Trading Symbol: VGZ
Toronto and NYSE American Stock Exchanges

__________________ NEWS _________________

Vista Gold Corp. Announces First Quarter Financial Results and Mt Todd Update

Denver, Colorado, May 6, 2019
– Vista Gold Corp. (TSX & NYSE American: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results for the quarter ended March 31, 2019. Management’s quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on May 8, 2019.  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 May 6, 2019 with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.
Summary of Q1 2019 Financial Results
Vista reported a net loss of $2.7 million or $0.03 per share for the three-month period ended March 31, 2019. The loss is comprised of $2.1 million of operating expenses and a $0.6 million mark-to-market loss on our investment in Midas Gold Corp., offset by other income of $0.1 million.
Working capital at March 31, 2019 totaled approximately $10.7 million, including cash and short-term investments (comprised of government securities) of approximately $6.4 million. The Company currently has no debt.
Subsequent to the period end, the Company received the second $1.5 million option payment from Minera Alamos for the Guadalupe de los Reyes gold / silver project in Sinaloa, Mexico.  (Please refer to Vista’s April 24, 2019 press release).
Mt Todd Update
During the quarter grinding tests were completed on 470 kilograms of samples with average grades ranging from 0.8 to 1.7 grams gold per tonne (g Au/t), from its Mt Todd gold project. The preliminary grinding test results confirm the results of previous tests, which indicated that the power required to achieve a target grind size of 38-45 microns is less than was estimated in the 2018 preliminary feasibility study.  (Please refer to Vista’s January 24, 2018 press release.)  We have started an update of the Mt Todd technical report and plan to incorporate these test results into an updated preliminary feasibility study scheduled for completion in the coming months.
Vista’s President and CEO, Mr. Frederick H. Earnest commented, “With completion of the grinding tests, we are now able to complete leach recovery testing as the last phase of a comprehensive testing program.  With the anticipated completion of the leach recovery tests in the next month, we expect to generate grind-size leach recovery curves covering a wide range of potential ore feed grades. The relationship between the grind-size and gold recovery on Mt Todd samples is well established, and we expect the leach recovery tests to confirm the results of the test work announced in August 2018.  (Please refer to Vista’s August 2, 2018 press release.)

The following information was filed by Vista Gold Corp (VGZ) on Wednesday, May 8, 2019 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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Inside Vista Gold Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Income/(Loss) And Comprehensive Income/(Loss)
Condensed Consolidated Statements Of Shareholders' Equity
Commitments And Contingencies
Commitments And Contingencies (Details)
Common Shares
Common Shares (Tables)
Common Shares - Assumptions (Details)
Common Shares - Stock-Based Compensation (Details)
Common Shares - Summary Of Deferred Share Units Activity (Details)
Common Shares - Summary Of Option Activity (Details)
Common Shares - Summary Of Phantom Units Activity (Details)
Common Shares - Summary Of Restricted Stock Units Activity (Details)
Common Shares - Summary Of The Status Of Unvested Stock Options (Details)
Common Shares - Unrecognized Compensation (Details)
Common Shares - Warrants (Details)
Fair Value Accounting
Fair Value Accounting (Details)
Fair Value Accounting (Tables)
Geographic And Segment Information
Geographic And Segment Information (Details)
Mineral Properties
Mineral Properties (Tables)
Mineral Properties, Guadalupe (Details)
Mineral Properties, Properties (Details)
Nature Of Operations And Basis Of Presentation
Nature Of Operations And Basis Of Presentation (Details)
Plant And Equipment
Plant And Equipment (Details)
Plant And Equipment (Tables)
Short-Term And Other Investments
Short-Term And Other Investments, Short-Term (Details)
Short-Term And Other Investments, Summary (Details)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

Vista Gold Corp provided additional information to their SEC Filing as exhibits

Ticker: VGZ
CIK: 783324
Form Type: 10-Q Quarterly Report
Accession Number: 0000783324-19-000019
Submitted to the SEC: Wed Jul 31 2019 12:43:19 PM EST
Accepted by the SEC: Wed Jul 31 2019
Period: Sunday, June 30, 2019
Industry: Gold And Silver Ores

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