earnings
confidence high
sentiment neutral
materiality 0.55
Vista Gold reports Q3 net loss of $1.7M, cash position $9.6M, zero debt
VISTA GOLD CORP
2022-Q3 EPS reported
-$0.03
- Net loss of $1.7M ($0.02/sh) for Q3 2022 vs. loss of $3.1M ($0.02/sh) in Q3 2021.
- Cash and equivalents of $9.6M; working capital $8.9M; no debt as of Sept 30, 2022.
- Fixed cost spending through Sept 30, 2022 nearly 15% under budget; further reductions planned for 2023.
- Working with CIBC to find a partner or transaction for Mt Todd; market volatility cited as headwind.