secwatch.observer — SEC 8-K summary
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Issuer:     VISTA GOLD CORP (VGZ)
CIK:        0000783324
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0000783324-21-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vista Gold Q3 cash $16M, Mt Todd DFS 80% complete, net loss $3.1M
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- Cash and equivalents of $16.0M at Sept 30, 2021, up from net proceeds of $12.3M in July public offering; zero debt.
- Net loss of $3.1M ($0.02/share) vs net income of $4.2M ($0.05/share) in Q3 2020 which included $3.5M gain on sale of Los Reyes.
- Mt Todd DFS engineering and design 80% complete, on track and on budget; mine planning at higher gold price expected to increase reserves.
- Exploration drilling: 18 holes completed (6,365m); Phase 3 started with additional 2,650m, all holes intersected mineralization.
- Strategic partner process advancing; expected increase in on-site due diligence after Australia eases travel restrictions in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783324/000078332421000029/0000783324-21-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783324/000078332421000029/vgz-20211027x8k.htm
  HTML page:      https://secwatch.observer/filing/0000783324-21-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer