Vista Gold has reported its first quarter 2025 financial results.
Takeaway Points
- Vista Gold reports cash totaling $15.0 million at quarter-end.
- It reported a consolidated net loss of $2.7 million, or $0.02 per common share.
- There will be a management’s conference call, scheduled for May 2, 2025, at 10:00 a.m. MDT.
- The call will be archived and available at the company’s website after May 2, 2025.
- On April 29, 2025, Vista Gold announced 2025 shareholder meeting outcomes.
Vista Gold Financial Report
Vista Gold Corp., on Thursday, announced its unaudited financial results for the quarter ended March 31, 2025, with cash totaling $15.0 million at quarter-end. All dollar amounts in this press release are in U.S. dollars.
Frederick H. Earnest, President and CEO of Vista, while commenting about the report, said, “During the quarter, we made significant progress toward achieving our 2025 corporate goals. We continued to advance the 15,000 tonne per day Mt Todd feasibility study as planned, completed 1,264 consecutive days without a lost time accident, and ended the quarter with a strong cash position. We remain focused on delivering the feasibility study by mid-2025, prioritizing the efficient use of our cash, and creating long-term value for shareholders through disciplined execution and strategic advancement of our Mt Todd gold project.”
The Financial Results
Vista reported a consolidated net loss of $2.7 million, or $0.02 per common share, for the quarter ended March 31, 2025, compared to $1.1 million, or $0.01 per common share, for the quarter ended March 31, 2024.
According to the report, the cash and cash equivalents totaled $15.0 million at March 31, 2025, compared to $16.9 million at December 31, 2024. The company continued to have no debt.
Management Conference Call
The company said that there will be a management conference call, scheduled for May 2, 2025, at 10:00 a.m. MDT (12:00 p.m. EDT), to review financial results for the quarter ended March 31, 2025, and to discuss corporate and project activities.
The call will be archived and available at the company’s website after May 2, 2025, and an audio replay will also be available from May 16, 2025, by calling toll-free in North America, the report stated.
Vista Gold Announces 2025 Shareholder Meeting Outcomes
On April 29, 2025, Vista Gold Corp announced the voting results from its annual general and special meeting of shareholders held on Tuesday (the “AGM” or “Meeting”).
According to Vista Gold, a total of 70,182,716 common shares in the capital of the company were represented at the meeting, being 56.39 percent of the common shares.
A new auditor
Shareholders at the meeting appointed Davidson & Company LLP as auditors of the company and passed ordinary resolutions to approve on an advisory basis the compensation of the Company’s Named Executive Officers, all unallocated awards under the Company’s Long Term Equity Incentive Plan, and all unallocated awards under the Company’s Deferred Share Unit Plan, the report stated.
About Vista Gold Corp.
Vista holds the Mt Todd gold project, a ready-to-build development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Vista is positioning Mt Todd as a leading development opportunity within the gold sector. The project offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. All major environmental and operating permits necessary to initiate development of Mt Todd are in place.
