---
schema_version: "secwatch.filing_event.v1"
accession: "0000783324-25-000058"
form_type: "8-K"
ticker: "VGZ"
cik: "0000783324"
company_name: "VISTA GOLD CORP"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:58:22.570067+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vista Gold Q3 net loss narrows to $0.7M; Mt Todd study shows $1.1B NPV

## Summary
- Q3 2025 net loss of $0.7M ($0.01/shr) vs. $1.6M loss in Q3 2024; benefited from $1.3M tax recovery.
- Cash of $13.7M at Sept 30, 2025, down from $16.9M at Dec 31, 2024; no debt.
- Mt Todd feasibility study (15 ktpd) yields after-tax NPV5% $1.1B, IRR 27.8%, payback 2.7 yrs at $2,500/oz gold.
- Company pursuing permit modifications and technical work ahead of detailed engineering decision.
- Management conference call scheduled for Nov 13, 2025.

## SEC filing metadata
- accession: 0000783324-25-000058
- form_type: 8-K
- ticker: VGZ
- cik: 0000783324
- company_name: VISTA GOLD CORP
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783324/000078332425000058/0000783324-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783324/000078332425000058/vgz-20251112x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000783324-25-000058
- JSON: https://secwatch.observer/filing/0000783324-25-000058.json
- Plain text: https://secwatch.observer/filing/0000783324-25-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.