Vista Gold posts FY2023 net loss of $6.6M; strengthens balance sheet with $20M royalty

VISTA GOLD CORP

Net loss $6.6M ($0.05 per share) vs $4.9M loss in FY2022; cash $6.1M at Dec 31, 2023.
Completed $20M royalty transaction: $3M received Dec 2023, $7M in Feb 2024, remaining $10M expected H1 2024.
Company has no debt; continues work with CIBC on Mt Todd transaction to maximize shareholder value.
Updated feasibility study for Mt Todd shows similar or slightly better project economics despite sector cost inflation.
Drilling program targeting shallow gold resources at Batman deposit started; evaluating smaller-scale staged development.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VISTA GOLD CORP reported the year ended December 31, 2023 results: net income consolidated net loss of $6.6 million, EPS $0.05 per common share.

Period: the year ended December 31, 2023
Net income: consolidated net loss of $6.6 million
EPS: $0.05 per common share
Result: reported results

Exact text from the filing

Vista reported a consolidated net loss of $6.6 million, or $0.05 per common share, for the year ended December 31, 2023

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Source: SEC EDGAR

accession 0000783324-24-000028

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