earnings
confidence high
sentiment neutral
materiality 0.55
Vista Gold reports Q2 net loss $1.4M, cash $11.1M; advances partner search for Mt Todd
VISTA GOLD CORP
2022-Q2 EPS reported
-$0.01
- Net loss $1.4M ($0.01/sh) vs $0.8M loss in Q2 2021; in line with mgmt expectations.
- Cash & equivalents $11.1M, working capital $10.5M, no debt.
- Engaged CIBC to seek a partner or transaction to maximize shareholder value for Mt Todd.
- Completed exploration drilling at Mt Todd; identified potential for 1.8-3.5M oz gold (conceptual).
- Management quarterly call July 28, 2022 at 10 a.m. MDT.