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Vista Gold Corp. (TSE:VGZ)
TSX:VGZ
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized major positive milestones: completion of a robust feasibility study with strong project economics (high IRRs and short paybacks at multiple gold price scenarios), a significant share-price rally (≈252% in 2025), successful near-term financing ($44.85M offering, net $41.9M), a clean (debt-free) balance sheet and solid safety/ESG performance. Offsetting these positives are a 2025 net loss (driven largely by one-time 2024 items), higher site expenditures, the need for sizeable additional project financing (implying equity issuance/dilution), multi-year lead time to first production and exposure to input-cost and gold-price risk. On balance, the highlights—particularly the compelling feasibility results, financing progress and strong market reception—outweigh the lowlights, though execution and financing risks remain material.Company Guidance
Completion of Mt Todd 2025 Feasibility Study
Feasibility study completed July 2025 for a 15,000 tpd operation. Study economics: at $2,500/oz gold NPV5 $1.1B, IRR 27.8%, payback 2.7 years; at $3,300/oz NPV5 $2.2B, IRR 44.7%, payback 1.7 years; at $5,000/oz NPV5 $4.5B, IRR 74.5%, payback 1.3 years.
Strong Project Economics and Cash Flow Potential
All-in sustaining cost ~ $1,500/oz. At a conservative $3,300/oz gold price, Mt Todd projected to generate ~$300M of free cash flow annually. Study NAV per share: $7.31 at $2,500/oz and $14.89 at $3,300/oz (noted as ~7x current share price).
Significant Share Price Appreciation in 2025
Vista shares increased almost 252% for the year ended 2025 versus year-end 2024, reflecting market reaction to the feasibility study and rising gold prices.
Successful Equity Financing and Strengthened Treasury
Closed a $44.85M public offering (net proceeds $41.9M). Company ended 2025 with cash on hand of $13.6M and, with the recent raise, is positioned to fund permitting, technical studies and early engineering work.
Clean Balance Sheet
No debt: management highlights a clean balance sheet which improves flexibility for project finance options and reduces near-term financial risk.
Advancing Technical and Permitting Work
Key technical activities underway or planned: selective metallurgical testing from recent core, preliminary geotechnical review (potential to steepen west pit wall and reduce stripping), geotechnical drilling planned after wet season, permit modification applications submitted and approvals manager hired to manage permitting.
Safety and ESG Track Record
Surpassed 4 consecutive years without a workplace incident and reported 0 reportable environmental events in 2025; ongoing engagement with local stakeholders (Jawoyn Aboriginal Association Corporation).
Clear Development Timeline Target
Management expects to be in a position to decide to start detailed engineering in mid-2027, with an anticipated ~27-month period for design, construction and commissioning after that to reach first production (timeline provided as a planning target).
TSE:VGZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:VGZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 11, 2026 | C$3.20 | C$2.76 | -13.75% |
Nov 12, 2025 | C$2.43 | C$2.51 | +3.29% |
Aug 12, 2025 | C$1.47 | C$1.50 | +2.04% |
May 01, 2025 | C$1.27 | C$1.24 | -2.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vista Gold Corp. (TSE:VGZ) report earnings?
Vista Gold Corp. (TSE:VGZ) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Vista Gold Corp. (TSE:VGZ) earnings time?
Vista Gold Corp. (TSE:VGZ) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:VGZ EPS forecast?
Currently, no data Available