Item 2.02 Results of Operation and Financial Condition
October 25, 2017, the registrant provided its unaudited financial results for the third quarter ended September 30, 2017.
The registrant’s unaudited financial statements, Management’s Discussion and Analysis together with other disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed October 24, 2017 with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.
Summary of Third Quarter 2017 Financial Results
We reported a net loss of $2.7 million or $0.03 per share for the three months ended September 30, 2017. This includes $2.6 million of net operating expenses and an unrealized $0.1 million mark-to-market loss on our investment in Midas Gold Corp. (“Midas”). During the three months ended September 30, 2016, we reported a net loss of $2.1 million or $0.02 per share inclusive of $1.9 million of net operating expenses and an unrealized $0.2 million mark-to-market loss on our investment in Midas.
Our working capital at September 30, 2017 totaled approximately $21.1 million, including cash and short-term investments (comprised of government securities) of approximately $17.9 million. After giving effect to the cash received for the first option payment pursuant to the Guadalupe de los Reyes Option Agreement (as more fully discussed in our press release of October 24, 2017), working capital and cash would increase to $22.6 and $19.4 respectively. The Company has no debt.
To review the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2017, including the related Management’s Discussion and Analysis, visit any of the following websites:
www.sedar.com
,
www.sec.gov
or
www.vistagold.com
.
Management Conference Call
A conference call with management to review our financial results for the three months ended September 30, 2017 and to discuss corporate and project activities is scheduled for Thursday, November 2
, 2017
at 2:30 p.m. MDT.
Toll-free in North America: 833-297-9917
International: 647-689-4524
This call will also be web-cast and can be accessed at the following web location:
http://event.on24.com/r.htm?e=1537379&s=1&k=23F6DF4C92AEA6FEA23F7B0D3A0AF23D
This call will be archived and available at
www.vistagold.com
after November 2
, 2017
. Audio replay will be available for 21 days by calling toll-free in North America 855-859-2056, Conference ID 3089568.
If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager – Investor Relations (email:
connie@vistagold.com
), and we will try to address these questions prior to or during the conference call.
All dollar amounts in this report are U.S. dollars.