Filings/VGZ/10-Q

Source document

EDGAR
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KPIsSections11
Headline metrics
Net income — GREEN-$6.1M-20.5% YoY
Red flags1 red1 orange
Liquidity2
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
ORANGE
Accumulated deficit / equity 933%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
Net Income-$6.1MGREEN
EPS (diluted)$-0.04GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$49.5MGREEN
Broad Liquidity$49.5MGREEN
Current Ratio34.21GREEN
Total Assets$52.3MGREEN
Total Equity$50.8MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$4.7MGREEN
Free Cash Flow-$5.0MGREEN

Sections in this filing

Financial Statements (unaudited)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENT S. ​ VISTA GOLD CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET S (Dollar amounts in U.S. dollars and in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ 2026 ​ ​ ​ 2025 Assets: ​ ​ ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 49,536 ​ $ 13,622 ​ Other current assets ​ ​ 440 ​ ​ 526 ​ Total current assets ​ ​ 49,976 ​ ​ 14,148 ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current assets: ​ ​ ​ ​ ​ ​ ​ Mineral properties (Note 3) ​ ​ 1,070 ​ ​ 1,070 ​ Plant and equipment, net (Note 4) ​ ​ 1,206 ​ ​ 986 ​ Other non-current assets ​ ​ 69 ​ ​ 69 ​ Total non-current assets ​ ​ 2,345 ​ ​ 2,125 ​ Total assets ​ $ 52,321 ​ $ 16,273 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Equity: ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 328 ​ $ 230 ​ Accrued liabilities and other (Note 5) ​ ​ 1,133 ​ ​ 861 ​ Total current liabilities ​ ​ 1,461 ​ ​ 1,091 ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current liabilities: ​ ​ ​ ​ ​ ​ ​ Other liabilities ​ ​ 95 ​ ​ 75 ​ Total non-current liabilities ​ ​ 95 ​ ​ 75 ​ Total liabilities ​ ​ 1,556 ​ ​ 1,166 ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments and contingencies (Note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shareholders’ equity: ​ ​ ​ ​ ​ ​ ​ Common shares, no par value - unlimited shares authorized; shares outstanding: 2026 - 145,971,346 and 2025 - 127,007,520 (Note 6) ​ ​ 524,520 ​ ​ 482,760 ​ Accumulated deficit ​ ​ ( 473,755 ) ​ ​ ( 467,653 ) ​ Total shareholders’ equity ​ ​ 50,765 ​ ​ 15,107 ​ Total liabilities and shareholders’ equity ​ $ 52,321 ​ $ 16,273 ​ ​ Approved by the Board of Directors ​ ​ ​ ​ ​ ​ ​ /s/ Patrick F. Keenan Patrick F. Keenan Director /s/ John M. Clark John M. Clark Director ​ The accompanying notes are an integral part of these condensed consolidated financial statements. ​ ​ 3 Table of Contents VISTA GOLD CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Dollar amounts in U.S. dollars and in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2026 ​ ​ ​ 2025 ​ ​ ​ 2026 ​ ​ ​ 2025 Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration, property evaluation and holding costs $ ( 2,504 ) ​ $ ( 1,784 ) ​ $ ( 4,158 ) ​ $ ( 3,322 ) Corporate administration ​ ( 846 ) ​ ​ ( 678 ) ​ ​ ( 2,477 ) ​ ​ ( 1,976 ) Depreciation and amortization ​ ( 67 ) ​ ​ ( 23