Canada's Vista Gold Q1 net loss widens

Overview

• Gold project developer's Q1 net loss widened to $3.1 mln

• Company ended Q1 with $52.7 mln cash after $44.85 mln share offering

• Vista advancing permitting and pre-development at Mt Todd, final approvals expected in 2027

Outlook

• Vista expects final permit modification approvals for Mt Todd project in 2027

• Company targets commencement of detailed engineering and design for Mt Todd in 2027

• Vista plans to build broader project development team later in 2026

Result Drivers

• PERMITTING AND PRE-DEVELOPMENT SPENDING - Co said Q1 results reflect costs for advancing permit modifications and pre-development optimizations at Mt Todd

• TEAM EXPANSION - Co increased project management and technical staff in Australia to support Mt Todd development

Company press release: ID:nBw9hB2ska

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Vista Gold Corp is $4.50, about 119.5% above its April 29 closing price of $2.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.