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Vista Gold Corp. 10-Q Filings

VGZ NYSE

Every 10-Q that Vista Gold Corp. (VGZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow VGZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VGZ filings page.

Rhea-AI Summary

Vista Gold Corp. remains a development-stage gold company focused on the Mt Todd project in Australia and reported a net loss of $2,957 (thousand) for Q2 2026 and $6,102 (thousand) for the first half, driven by exploration, evaluation, holding and corporate administration costs.

Cash and cash equivalents rose to 49,536 (thousand) and working capital to 48,515 (thousand) at June 30, 2026, with no debt, primarily after a March 2026 equity offering of 17,940,000 shares at $2.50, providing net proceeds of $42,006 (thousand). Management estimates about $14,300 (thousand) of recurring operating outflows and $13,900 (thousand) of project and capital spending over the next 12 months and believes existing cash can fund these plans. The Mt Todd feasibility study outlines average production of 153,000 ounces per year in years 1–15, initial capital of $425 million, all‑in sustaining costs of $1,449 per ounce in years 1–15 and an after‑tax NPV5% of $1,060 million, but constructing the project would require additional financing and faces permitting, water‑management and other development risks.

Rhea-AI Summary

Vista Gold Corp. reported a Q1 2026 net loss of $3.1 million, or $0.02 per share, similar to the prior year. Exploration, evaluation, and holding costs were $1.7 million and corporate administration was $1.6 million, reflecting higher project activity and corporate support for Mt Todd.

Cash and cash equivalents increased to $52.7 million and working capital to $51.4 million at March 31, 2026, driven by a March 2026 public equity offering that raised gross proceeds of $44.9 million at $2.50 per share. The company reported no debt.

Vista continues to advance its 100%-owned Mt Todd gold project in Australia, following a 15,000 tonnes-per-day feasibility study outlining average annual production of about 153,000 ounces in years 1–15 and life-of-mine all-in sustaining costs of about $1,500 per ounce. Work in 2026 focuses on permit modifications, building an Australia-based project team, and pre-development optimization studies.

Rhea-AI Summary

Vista Gold (VGZ) reported Q3 2025 results, posting a net loss of $723 thousand while ending the quarter with cash and cash equivalents of $13,717 thousand and working capital of $12,787 thousand. The company had no debt. Other income of $1,248 thousand reflected a tax recovery related to a prior asset sale.

Vista continued to advance its 100%-owned Mt Todd project in Australia. The 2025 feasibility study outlines a 15,000 tpd operation with average annual gold production of 153,000 ounces during years 1–15 and 146,000 ounces over a 30-year mine life. Reported costs include Cash Costs of $1,399/oz during years 1–15 and AISC of $1,449/oz (life-of-mine AISC $1,499/oz). Initial capital is $425 million, with an after-tax NPV5% of $1,060 million and capital efficiency of $93/oz.

During Q3, Vista raised $1,391 thousand via its at-the-market program (nine months: $2,212 thousand). Shares outstanding were 126,209,108 as of November 5, 2025. The company also notes a 2025 court ruling in Mexico in favor of its subsidiary regarding 2012 tax matters and ongoing stewardship and permitting activities at Mt Todd.

Rhea-AI Summary

Vista Gold Corp. reported a quarterly net loss of $2.356 million (loss per share $0.02) for the three months ended June 30, 2025 and a six‑month net loss of $5.064 million (loss per share $0.04). Cash and cash equivalents were $13.211 million with working capital of $12.300 million and no debt. Total assets declined to $15.152 million from $18.974 million at year‑end, and shareholders’ equity was $13.897 million.

Operations remain development‑stage: Mt Todd in Australia is the Company’s sole reportable segment and the focus of a 2025 feasibility study whose results were announced July 29, 2025. Management expects recurring expenditures of about $7.1 million over the next 12 months and estimates Mt Todd site and discretionary programs of about $4.5 million. Liquidity sources include an ATM program (net proceeds $821,000 year‑to‑date and $6.937 million available). Notable contingencies disclosed include a potential Mexico tax liability up to $3.7 million and A$162,000 in penalties paid under Northern Territory law.