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

Vista Gold Corp

CIK: 783324 Ticker: VGZ

Exhibit 99.1

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

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Denver, Colorado, July 28, 2021

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results for the quarter ended June 30, 2021, which were highlighted by the approval of the Mining Management Plan, the last major permit required for the development of Vista’s 100% owned Mt Todd gold project (“Mt Todd” or the “Project”), and reported cash and cash equivalents of $6.3 million.

Frederick H. Earnest, President and Chief Executive Officer of Vista, commented, “During the second quarter we achieved a number of significant milestones for Vista and our shareholders. Most important was the approval of the Mt Todd Mining Management Plan. Vista now holds all major operating and environmental permits for the development of Mt Todd. Our ongoing exploration drilling program to identify areas where infill drilling would have the greatest potential to add resource ounces close to our Batman deposit continues to produce positive results. We received the final $1.0 million payment from Prime Mining Corp. and the approval of other permits related to the Mt Todd project.”

“Recently, we announced the start of engineering to complete a definitive feasibility study for Mt Todd in the first quarter of 2022. This study, which will include more detailed engineering and design, cost inputs, and economic analysis, is expected to increase the reserves and mine life of the project. The results of the study, together with the results of our ongoing district-scale exploration program, are expected to further demonstrate the significant upside potential of the Project and strengthen our position with potential development partners.”

Second Quarter Highlights and Important Recent Developments

Received approval of the Mt Todd Mining Management Plan;
Commenced a definitive feasibility study for Mt Todd;
Received final $1.0 million payment from Prime Mining Corp. for the Guadalupe de los Reyes project;
Ended 2Q 2021 with cash and cash equivalents of $6.3 million;
Completed a $13.5 million bought deal public offering in July 2021;
Reported positive results from ongoing exploration activities;
Expanded the current exploration drill program to include an additional 3,000 meters of drilling;
Received Aboriginal Areas Protection Authority Certificate; and

The following information was filed by Vista Gold Corp (VGZ) on Wednesday, July 28, 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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Assess how Vista Gold Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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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 - Equity Financing (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 - 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

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: 0000783324-21-000027
Submitted to the SEC: Wed Oct 27 2021 4:10:03 PM EST
Accepted by the SEC: Wed Oct 27 2021
Period: Thursday, September 30, 2021
Industry: Gold And Silver Ores

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