Quarterly ResultJul 29, 2026, 04:23 PM
Vista Gold Q2 Net Loss $2.96M; Cash $49.54M After $42M Equity Raise
AI Summary
Vista Gold Corp. reported a net loss of $2.957 million for Q2 2026 and $6.102 million for the first half of 2026, an increase from the prior year periods. Despite the losses, the company significantly boosted its cash position to $49.536 million and shareholders' equity to $50.765 million, primarily due to a March 2026 public offering that yielded $42.006 million in net proceeds. The company continues to advance its Mt Todd gold project, with a July 2025 Feasibility Study highlighting a reduced initial capital of $425 million and a strong after-tax NPV5% of $1.1 billion.
Key Highlights
- Net loss for Q2 2026 was $2.957 million, compared to $2.356 million in Q2 2025.
- Net loss for H1 2026 was $6.102 million, compared to $5.064 million in H1 2025.
- Cash and cash equivalents increased to $49.536 million at June 30, 2026, from $13.622 million at Dec 31, 2025.
- Total shareholders' equity rose to $50.765 million at June 30, 2026, from $15.107 million at Dec 31, 2025.
- March 2026 public offering generated $44.850 million gross proceeds and $42.006 million net proceeds.
- Mt Todd Feasibility Study (July 2025) projects initial capital of $425 million and after-tax NPV5% of $1.1 billion.
- Mt Todd FS estimates average annual gold production of 153,000 ounces (years 1-15) and AISC of $1,449/ounce (years 1-15).
- Net cash used in operating activities was $4.721 million for H1 2026, up from $4.115 million for H1 2025.
Price Impact
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