V
VISTA GOLD CORP
VGZCIK 0000783324NYSENon-AcceleratedSmaller ReportingGold And Silver OresCAFY ends Dec 31
Period
FY 2024
Revenue
—
Net Income
$11.25M
Total Assets
$18.97M
Equity
$17.91M
Shares Out
145.97M
Op. Cash Flow
$-5.74M
Business
VISTA GOLD CORP operates as a development-stage company in the gold mining industry focused on advancing its Mt Todd Gold Project. The company’s main activities include exploration, resource definition, feasibility studies, permitting, environmental management, and project development services aimed at preparing Mt Todd for construction and production. Vista reports a single segment consisting of acquisition, exploration and evaluation activities centered on its flagship project and related technical and social programs. The company’s operations and project focus are concentrated in the Northern Territory, Australia, supported by engagement with local communities and regulators.
Summary from filing dated 2025-02-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Exploration, property evaluation and holding costs | −3 | −3 | −5 | −8 | −5 | |
| Corporate administration | −4 | −4 | −4 | −4 | −4 | |
| Depreciation and amortization | −55,000 | −40,000 | −45,000 | −49,000 | −48,000 | |
| Gain on grant of royalty interest in mineral titles (Note 6) | 17 | — | — | — | — | |
| Gain on sale of plant and equipment (Note 4) | 802,000 | — | — | — | — | |
| Total operating income (expense), net | 11 | −7 | — | — | — | |
| Interest income | 701,000 | 263,000 | 111,000 | 3,000 | 16,000 | |
| Other income (expense) | 13,000 | −84,000 | 409,000 | 50,000 | 261,000 | |
| Total non-operating income | 714,000 | 179,000 | 520,000 | 99,000 | 3 | |
| Income (loss) before income taxes | 11 | −7 | −5 | −15 | 420,000 | |
| Net income (loss) | 11 | −7 | −5 | −15 | 420,000 | |
| Weighted average number of shares outstanding (in shares) | 122 | 120 | 118 | 110 | 102 | |
| Net income (loss) per share | 0.09 | −0.05 | −0.04 | −0.14 | 0 | |
| Weighted average number of shares outstanding (in shares) | 126 | 120 | 118 | 110 | 104 | |
| Net income (loss) per share | 0.09 | −0.05 | −0.04 | −0.14 | 0 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 17 | 6 | 8 | 13 | 8 | |
| Other current assets | 553,000 | 446,000 | 537,000 | 811,000 | 952,000 | |
| Total current assets | 18 | 7 | 9 | 14 | 9 | |
| Mineral properties (Note 3) | 920,000 | 2 | 2 | 2 | 2 | |
| Plant and equipment, net (Note 4) | 482,000 | 204,000 | 193,000 | 233,000 | 6 | |
| Other non-current assets | 69,000 | 69,000 | — | — | — | |
| Total non-current assets | 1 | 2 | 2 | 2 | 8 | |
| Total assets | 19 | 9 | 11 | 16 | 17 | |
| Accounts payable | 160,000 | 190,000 | 169,000 | 566,000 | 356,000 | |
| Accrued liabilities and other (Note 5) | 886,000 | 749,000 | 764,000 | 839,000 | 702,000 | |
| Total current liabilities | 1 | 939,000 | 933,000 | 2 | 1 | |
| Deferred gain on grant of royalty (Note 6) | — | 3 | — | — | — | |
| Other liabilities | 21,000 | 44,000 | 24,000 | 21,000 | 13,000 | |
| Total non-current liabilities | 21,000 | 3 | 24,000 | 261,000 | 253,000 | |
| Total liabilities | 1 | 4 | 957,000 | 2 | 1 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Common shares, no par value - unlimited shares authorized; shares outstanding: 2024 - 123,552,011 and 2023 - 121,088,494 (Note 7) | 478 | 476 | 475 | 474 | 461 | |
| Accumulated deficit | −460 | −471 | −465 | −460 | −445 | |
| Total shareholders' equity | 18 | 5 | 10 | 14 | 16 | |
| Total liabilities and shareholders' equity | 19 | 9 | 11 | 16 | 17 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | 11 | −7 | −5 | −15 | 420,000 | |
| Stock-based compensation | 684,000 | 636,000 | 779,000 | 887,000 | 913,000 | |
| Gain on sale of plant and equipment | −802,000 | — | — | — | — | |
| Other current assets | −107,000 | 91,000 | 274,000 | −50,000 | −279,000 | |
| Accounts payable, accrued liabilities and other | 95,000 | −43,000 | −457,000 | 377,000 | 456,000 | |
| Net cash used in operating activities | −6 | −6 | −7 | −11 | −7 | |
| Proceeds from grant of royalty interest in mineral titles | 17 | 3 | — | — | — | |
| Net proceeds from sale of plant and equipment | 802,000 | — | — | — | — | |
| Additions to plant and equipment | −344,000 | −51,000 | −5,000 | −139,000 | −68,000 | |
| Capitalized mineral property development costs | −2 | — | — | — | — | |
| Net cash provided by investing activities | 16 | 3 | 3 | 3 | 12 | |
| Proceeds from equity financing, net | 1 | 1 | 244,000 | 13 | 2 | |
| Payment of taxes from withheld shares | −85,000 | −142,000 | −357,000 | −401,000 | −124,000 | |
| Net cash provided by financing activities | 1 | 871,000 | −113,000 | 13 | 2 | |
| Net increase (decrease) in cash and cash equivalents | 11 | −2 | −5 | 5 | 6 |
Filings
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