Vista Gold Announces Third Quarter 2026 Financial Results and Corporate Update
DENVER--(BUSINESS WIRE)-- Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for the quarter ended September 30, 2026, with cash totaling $43.5 million at quarter-end. All dollar amounts in this press release are in U.S. dollars.
Frederick H. Earnest, President and CEO of Vista Gold, stated, “During the third quarter, we maintained strong progress in advancing the Mt Todd gold project toward development. Key achievements included continued progress on permitting activities, strengthening our Australian-based leadership team, and advancing technical optimization initiatives.”
On September 20, 2026, Vista entered into an arrangement agreement (the “Arrangement Agreement”) with Artemis Gold Inc. (TSXV: ARTG) (“Artemis”), pursuant to which Artemis agreed to acquire all of the issued and outstanding common shares of Vista by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”).
Under the terms of the Arrangement, each outstanding common share of Vista, other than shares held by dissenting shareholders and Artemis and its affiliates as provided in the Arrangement Agreement, will be exchanged for 0.0966 of an Artemis common share, subject to the terms of the Arrangement Agreement and the Arrangement. Upon completion of the Arrangement, Vista will become a wholly owned subsidiary of Artemis, and Vista’s shareholders immediately prior to completion are expected to collectively own approximately 5%1 of Artemis’ shares.
Mr. Earnest commented, “We are confident that the transaction with Artemis represents a compelling opportunity to deliver value to our shareholders now and over the long term. In addition to providing an immediate premium to the market price of Vista shares, the Arrangement offers shareholders the opportunity to benefit from the ongoing expansion of the Blackwater operation and the potential development of Mt Todd as part of a larger, well-capitalized gold producer. We believe Artemis brings the scale, experience and resources to develop Mt Todd and realize its full potential. This transaction represents an important opportunity to realize the substantial value of Mt Todd while becoming part of an established and growing intermediate gold producer.”
While the Arrangement is pending, Vista continues to conduct its business in the ordinary course, including activities related to the advancement of the Mt Todd gold project, subject to the covenants and restrictions set forth in the Arrangement Agreement. If the Arrangement is not completed, the Company will continue to operate as an independent public company and will continue to seek to maximize shareholder value through advancement of its Mt Todd gold project.
Additional information regarding the Arrangement, including its terms, conditions, termination provisions and the interests of certain directors and executive officers, is included in the Company’s preliminary proxy statement dated October 19, 2026, filed with the U.S. Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities and can be accessed on Vista’s issuer profile on EDGAR at www.sec.gov and SEDAR+ at www.sedarplus.ca. The definitive proxy statement is expected to be filed in the coming weeks.
Summary of Financial Results
Vista reported a consolidated net loss of $6.4 million, or $0.05 per common share, for the quarter ended September 30, 2026, compared to a consolidated net loss of $0.7 million, or $0.01 per common share, for the quarter ended September 30, 2025.
Cash and cash equivalents totaled $43.5 million at September 30, 2026, compared to $13.6 million at December 31, 2025. Vista continued to have no debt.
Management Conference Call
Management will host a conference call on November 12, 2026, at 8:00 a.m. MST (10:00 a.m. EST) to review financial results for the quarter ended September 30, 2026, discuss the Arrangement, and provide updates on ongoing corporate and project activities.
Participant Toll Free: +1 (800) 717-1738
Participant International: +1 (289) 514-5100
Conference ID: 20627
This call will be archived and available at www.vistagold.com after November 12, 2026. An audio replay will also be available through November 30, 2026 by calling toll-free in North America +1 (888) 660-6264 or +1 (289) 819-1325 using passcode 20627#.
If you are unable to access the audio or phone-in on the day of the conference call, please email your questions to ir@vistagold.com.
www.vistagold.com/news/news-2026/...ialesultsan20261112045004
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