Vista Gold posts FY2025 net loss of $7.5M; raises $44.85M in March 2026 equity offering

VISTA GOLD CORP

Net loss $7.5M ($0.06/share) vs net income $11.2M ($0.09/share) in 2024; 2024 included $16.9M royalty gain.
Cash $13.6M at Dec 31, 2025, down from $16.9M; no debt.
On March 9, 2026, closed 17.94M-share public offering for $44.85M gross to fund Mt Todd development.
Completed 2025 Mt Todd Feasibility Study in July; plans to start detailed engineering in 2027, targeting first gold ~27 months later.
Surpassed four years without workplace incident; permitting modifications underway.

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