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

Vista Gold Corp

CIK: 783324 Ticker: VGZ


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


Trading Symbol: VGZ
NYSE American and Toronto Stock Exchanges

__________________ NEWS _________________

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

Denver, Colorado, July 31, 2019
– Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results for the quarter ended June 30, 2019. Management’s quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on August 6, 2019. The Company’s unaudited condensed consolidated financial statements, management’s discussion and analysis, together with other applicable disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed on July 31, 2019 with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.

Second Quarter Highlights

Latest test results continue to demonstrate average gold recoveries in the low-90% range;
Commenced update to preliminary feasibility study (“PFS”) on Vista’s Mt Todd gold project, anticipated for completion in the third quarter; and
Maintained solid working capital.

Summary of Q2 2019 Financial Results

Vista reported a net loss of $3.0 million, or $0.03 per share, for the three-month period ended June 30, 2019. The loss is comprised of $2.0 million of operating expenses and a $1.1 million mark-to-market loss on our investment in Midas Gold Corp., offset by other income of $0.1 million.

Working capital at June 30, 2019 was $9.6 million, including cash and short-term investments (comprised of government securities) of $6.3 million. The Company has no debt.

Mt Todd Update

Metallurgical test work at Vista’s Mt Todd gold project continued throughout the second quarter. Initial leach test results on material from the Batman deposit with an 80% passing (“P80”) grind size of approximately 50 microns achieved average gold recoveries of 92.7%, a six percentage point improvement from the average gold recoveries reported in the January 2018 prefeasibility study. Additional leach test work is nearing completion and final results are expected in the coming weeks.

Vista’s President and CEO, Mr. Frederick H. Earnest commented, “As we come to the conclusion of the comprehensive metallurgical optimization program, we are encouraged by the intermediate results that continue to support recoveries in the low-90% range. While this testing program has continued, we have advanced work on an updated PFS to incorporate the improved gold recoveries and associated design changes. We have retained independent consultants to review the fine grinding circuit and complete an independent benchmarking study of our capital and operating costs, pre-production and ramp-up schedules,

The following information was filed by Vista Gold Corp (VGZ) on Thursday, August 1, 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)
Ticker: VGZ
CIK: 783324
Form Type: 10-Q Quarterly Report
Accession Number: 0000783324-19-000022
Submitted to the SEC: Wed Oct 23 2019 3:27:18 PM EST
Accepted by the SEC: Thu Oct 24 2019
Period: Monday, September 30, 2019
Industry: Gold And Silver Ores

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