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Vista Gold Corp (VGZ) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Vista Gold Corp

CIK: 783324 Ticker: VGZ

Exhibit 99.1

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Vista Gold Corp. Announces First Quarter Financial Results and Corporate Update

Denver, Colorado, April 30, 2021

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results for the quarter ended March 31, 2021, which are highlighted by reported cash and cash equivalents of $7.2 million. All dollar amounts in this press release are in U.S. dollars.

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Looking south at the nearly dewatered Batman pit. Scale varies with perspective.

Frederick H. Earnest, President and Chief Executive Officer of Vista, commented, “Our management team achieved solid cost and capital management performance and strong execution toward our core objectives, including the advancement of the Mt Todd Mining Management Plan to the final stage of review and approval and excellent results from our ongoing drilling program. Additionally, we continued efforts to seek a strategic partner for the development of Mt Todd, maintained our outstanding safety record having achieved 1,437 days without a lost time incident, substantially dewatered the Batman pit, and held the first meeting of the newly-formed Leaders Forum with the Jawoyn Association Aboriginal Corporation.

“We anticipate approval of the Mining Management Plan in the very near future, and see a tremendous opportunity over the next 12 months to close the gap between our market cap and the intrinsic value of Mt Todd by continuing our drilling program to demonstrate the potential to significantly expand gold resources and by advancing our feasibility studies. Both activities are aligned with our continuing efforts to bring value to our shareholders and establish a strategic partnership. We remain committed to achieving a structure that provides appropriate opportunity for value creation by recognizing the intrinsic value of Mt Todd and minimizes the potential for future dilution.”

First Quarter Highlights and Recent Developments

Advanced the Mt Todd Mining Management Plan to the final stage of review and approval;
Ended 1Q 2021 with cash and cash equivalents of $7.2 million;
Received a $1.1 million payment from Prime Mining Corp. related to the Guadalupe de los Reyes gold / silver project in Mexico and expect a final $1.0 million payment no later than July 2021;
Reported positive results from ongoing exploration activities;

The following information was filed by Vista Gold Corp (VGZ) on Friday, April 30, 2021 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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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Vista Gold Corp.

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Assess how Vista Gold Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Vista Gold Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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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
Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (Parenthetical)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Income/(Loss)
Unaudited Condensed Consolidated Statements Of Shareholders' Equity
Commitments And Contingencies
Commitments And Contingencies (Details)
Common Shares
Common Shares (Tables)
Common Shares - Atm Agreement (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)
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 - Awak Mas (Details)
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)
Provision For Environmental Liability
Provision For Environmental Liability (Details)
Short-Term And Other Investments
Short-Term And Other Investments - Short-Term (Details)
Short-Term And Other Investments - Summary (Details)
Significant Accounting Policies
Subsequent Events
Subsequent Events (Details)

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: 0000783324-21-000019
Submitted to the SEC: Wed Jul 28 2021 4:01:53 PM EST
Accepted by the SEC: Wed Jul 28 2021
Period: Wednesday, June 30, 2021
Industry: Gold And Silver Ores

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