earnings
confidence high
sentiment neutral
materiality 0.55
Vista Gold reports Q3 net loss $1.5M; cash at $4.8M; advances strategic process
VISTA GOLD CORP
2023-Q3 EPS reported
-$0.04
- Cash and equivalents $4.8M at Sep 30, 2023, down from $6.0M at June 30; no debt.
- Net loss $1.5M ($0.01/share) in Q3 vs $1.7M ($0.02/share) in Q3 2022; in line with expectations.
- Strategic process with CIBC Capital Markets continues; interest in smaller staged Mt Todd project with initial capex under $350M.
- Recurring costs expected to decrease ~7% in 2023 vs 2022; safety record 690 days without lost time incident.