DENVER, Oct. 25, 2017 /PRNewswire/ -- Vista
Gold Corp. (the "Company," "we" or "our") (TSX & NYSE American:
VGZ) today announced its unaudited financial results for the third
quarter ended September 30, 2017.
Management's quarterly conference call to discuss these results is
scheduled for 2:30 p.m. MDT on
November 2, 2017. The Company's
unaudited financial statements, Management's Discussion and
Analysis together with other important disclosures can be found in
the Company's Quarterly Report on Form 10-Q, filed on October 24, 2017 with the U.S. Securities and
Exchange Commission and the Canadian securities regulatory
authorities.
Summary of Third Quarter 2017 Financial Results
We reported a net loss of $2.7
million or $0.03 per share for
the three months ended September 30,
2017. This includes $2.6
million of net operating expenses and an unrealized
$0.1 million mark-to-market loss on
our investment in Midas Gold Corp. ("Midas"). During the three
months ended September 30, 2016, we
reported a net loss of $2.1 million
or $0.02 per share inclusive of
$1.9 million of net operating
expenses and an unrealized $0.2
million mark-to-market loss on our investment in Midas.
Our working capital at September 30,
2017 totaled approximately $21.1
million, including cash and short-term investments
(comprised of government securities) of approximately $17.9 million. After giving effect to the cash
received for the first option payment pursuant to the Guadalupe de
los Reyes Option Agreement (as more fully discussed in our press
release of October 24, 2017), working
capital and cash would increase to $22.6 and $19.4
respectively. The Company has no debt.
To review the Company's Quarterly Report on Form 10-Q for the
three and nine months ended September 30,
2017, including the related Management's Discussion and
Analysis, visit any of the following websites: www.sedar.com,
www.sec.gov or www.vistagold.com.
Management Conference Call
A conference call with management to review our financial
results for the three months ended September
30, 2017 and to discuss corporate and project activities is
scheduled for Thursday, November 2,
2017 at 2:30 p.m. MDT.
Toll-free in North America:
833-297-9917
International: 647-689-4524
This call will also be web-cast and can be accessed at the
following web location:
http://event.on24.com/r.htm?e=1537379&s=1&k=23F6DF4C92AEA6FEA23F7B0D3A0AF23D
This call will be archived and available at www.vistagold.com
after November 2, 2017. Audio
replay will be available for 21 days by calling toll-free in
North America 855-859-2056,
Conference ID 3089568.
If you are unable to access the audio or phone-in on the day of
the conference call, please email questions to Connie Martinez, Manager – Investor Relations
(email: connie@vistagold.com), and we will try to address these
questions prior to or during the conference call.
All dollar amounts in the press release are U.S. dollars.
About Vista Gold Corp.
The Company is a well-funded gold project developer. Our
principal asset is our flagship Mt Todd gold project in Northern
Territory, Australia. Mt Todd is one of the largest
undeveloped gold projects in Australia. For more information about our
projects, including technical studies and resource estimates,
please visit our website at www.vistagold.com.
For further information, please contact Connie Martinez at (720) 981-1185.
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SOURCE Vista Gold Corp.