Vista Gold Corp. Reveals Financial Performance for First Quarter of 2024

Vista Gold Corp. Announces Strong Financial Results for Q1 2024

DENVER, May 02, 2024– Vista Gold Corp. (NYSE American and TSX: VGZ) released its unaudited financial results for the first quarter of 2024, showcasing a healthy cash position of $11.9 million. The company’s President and CEO, Frederick H. Earnest, outlined the strategic focus for the year, emphasizing the importance of strengthening the balance sheet, advancing evaluations of the Mt Todd project, and maximizing shareholder value.

During the quarter, Vista received a $7 million payment under a recent royalty agreement, with an additional $10 million expected in the future. The updated Mt Todd feasibility study showed promising project economics, with a drilling program underway to enhance gold resources at the Batman deposit. The company also published its inaugural environmental, social, and governance report, highlighting its commitment to sustainability.

Vista reported a consolidated net loss of $1.1 million for the quarter, an improvement from the previous year. Cash and cash equivalents stood at $11.9 million, with no debt on the books. Management will host a conference call on May 7, 2024, to discuss the financial results and provide insights into upcoming projects.

Vista Gold Corp. is a gold project developer with its flagship asset, Mt Todd, located in Australia. The project is poised for development, with all necessary permits in place. The company remains optimistic about the future, focusing on creating long-term value for shareholders through strategic initiatives and responsible mining practices.

For more information about Vista Gold Corp. and Mt Todd, interested parties can contact Pamela Solly, Vice President of Investor Relations, or visit the company’s website. The full financial results and forward-looking statements are available on the businesswire.com website.

Contact:
Pamela Solly
Vice President of Investor Relations
(720) 981-1185
www.vistagold.com

Source: https://www.businesswire.com/news/home/20240502144477/en/