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Vista Gold Corp   (VGZ)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.3251 $-0.02 -4.410%
Day's High: $0.3401 Week Perf: -7.11 %
Day's Low: $ 0.32 30 Day Perf: -10.44 %
Volume (M): 219 52 Wk High: $ 0.76
Volume (M$): $ 71 52 Wk Avg: $0.48
Open: $0.34 52 Wk Low: $0.30



 Market Capitalization (Millions $) 39
 Shares Outstanding (Millions) 121
 Employees 13
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -6
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 0

Vista Gold Corp

Vista Gold Corp. and its subsidiaries are engaged in the gold mining industry. We are focused on the evaluation, acquisition, exploration and advancement of gold exploration and potential development projects, which may lead to gold production or value adding strategic transactions such as earn-in right agreements, option agreements, leases to third parties, joint venture arrangements with other mining companies, or outright sales of assets for cash and/or other consideration. We look for opportunities to improve the value of our gold projects through exploration drilling and/or technical studies focused on optimizing previous engineering work. We do not currently generate cash flows from mining operations.

The Company’s flagship asset is its 100% owned Mt Todd gold project (“Mt Todd”) in the Northern Territory (“NT”) Australia, where we are seeking approval of our final environmental authorization and evaluating potential material process improvements in anticipation of commencing an update of our July 2014 Preliminary Feasibility Study (“PFS”).

Ultimately, a development decision at Mt Todd will depend on several factors, principally a sustainable acceptable gold price, a favorable outlook for the AUD:USD exchange rate, completion of a positive feasibility study and the availability of financing. With 60%-70% of the project capital and operating costs denominated in Australian dollars, the current AUD:USD exchange rate has a material favorable impact on the project economics, substantially mitigating the effects of the lower current USD gold price.

As one of the largest, undeveloped single-deposit gold projects in Australia, we believe Mt Todd is a highly strategic gold project with several potential paths to production. Our strong working capital position provides us flexibility and the assurance that we can continue to fund further optimization studies at Mt Todd, and to select a development strategy that we believe will have the best potential to maximize value for our shareholders.

Vista Gold Corp. was originally incorporated on November 28, 1983 under the name “Granges Exploration Ltd.” It amalgamated with Pecos Resources Ltd. during June 1985 and continued as Granges Exploration Ltd. In June 1989, Granges Exploration Ltd. changed its name to Granges Inc. Granges Inc. amalgamated with Hycroft Resources & Development Corporation during May 1995 and continued as Granges Inc. Effective November 1996, Da Capo Resources Ltd. and Granges, Inc. amalgamated under the name “Vista Gold Corp.” and, effective December 1997, Vista Gold continued from British Columbia to the Yukon Territory, Canada under the Business Corporations Act (Yukon Territory).



   Company Address: 8310 S Valley Hwy, Suite 300 Englewood 80112 CO
   Company Phone Number: 981-1185   Stock Exchange / Ticker: NYSEAMER VGZ
   


Customers recorded net loss Customers recorded net loss



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Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -2.67%    
FCX   -0.29%    
MUX        1.3% 
NEM   -9.58%    
RGLD   -2.47%    
SCCO   -2.94%    
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Vista Gold Corp

Vista Gold Corp's Q3 Operating Surplus Declines in the Metal Mining Sector Amidst Changing Market Landscape



The Metal Mining sector experienced a decline in operating surplus in the third quarter of 2023, as observed by industry consultants. The Vista Gold Corp (VGZ), a prominent player in this sector, reported an operating surplus of $1.524 million for the period. This figure represents a decrease from the previous year's third-quarter operating surplus of $1.705 million. Analysts are now eagerly anticipating when VGZ will reveal its top-line figures, which are expected to shed light on the company's financial performance. Despite the decline in surplus, the VGZ executives showcased improved operational efficiency, resulting in a reduction of diminishing returns. This article highlights the key facts surrounding the Metal Mining sector's performance in the third quarter of 2023.
Operating Surplus Decline
The Metal Mining sector faced a decline in operating surplus during the July to September 2023 quarter. VGZ reported an operating surplus of $1.524 million for this period, marking a decrease from $1.705 million in the third quarter of 2022. This decline is significant and highlights the challenges faced by mining companies in a changing market landscape.

Vista Gold Corp

Vista Gold Corp. Reveals Impressive Operating Surplus During Q2 2023, Cementing Its Position as a Leading Metal Mining Company



Vista Gold Corp, a metal mining company, recently announced its financial results for the second quarter of 2023. The report shows a decline in operating surplus compared to the same period in the previous year. Additionally, the company's stock has experienced a decline over the last five trading days, contributing to a negative year-to-date performance.
Financial Results for Q2 2023:
Vista Gold Corp reported an operating surplus of $1.57 million for the second quarter of 2023. This represents a decrease from the operating surplus of $1.87 million in the same period in 2022. It is worth noting that the operating surplus for Q2 2023 resulted in a 0% operating margin, the same as the previous year.






 




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