---
schema_version: "secwatch.filing_event.v1"
accession: "0000783324-26-000011"
form_type: "8-K"
ticker: "VGZ"
cik: "0000783324"
company_name: "VISTA GOLD CORP"
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T15:18:28.337352+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000783324-26-000011
- form_type: 8-K
- ticker: VGZ
- cik: 0000783324
- company_name: VISTA GOLD CORP
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783324/000078332426000011/0000783324-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783324/000078332426000011/vgz-20260311x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000783324-26-000011
- JSON: https://secwatch.observer/filing/0000783324-26-000011.json
- Plain text: https://secwatch.observer/filing/0000783324-26-000011.txt

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