Net Loss for Q2 2025
$2.356 million, compared to net income of $15.633 million for Q2 2024. The change was primarily due to a $16.9 million gain on grant of royalty interest recognized in June 2024 and increased exploration and property valuation expenses in 2025.
Net Loss for 6 months ended June 30, 2025
$5.064 million, compared to net income of $14.560 million for the same period in 2024. The change was due to the $16.9 million gain in 2024 and an $800,000 gain on sale of used mill equipment in 2024, as well as higher exploration and property valuation expenses in 2025.
Cash Position as of June 30, 2025
$13.2 million, down from $16.9 million as of December 31, 2024. The reduction was primarily due to expenditures for the feasibility study and recurring costs, including Mt Todd holding costs and corporate G&A.
Initial Capital Costs for Mt Todd Feasibility Study
Reduced by 59% to $425 million compared to the previous study. This represents a capital efficiency of $93 per ounce of gold produced.
Average Annual Gold Production (Years 1-15)
153,000 ounces per year, with an average ore grade of 1.04 grams of gold per tonne.
Life of Mine Average Annual Gold Production
146,000 ounces per year, with an average ore grade of 0.97 grams of gold per tonne and a gold recovery rate of 88.5%.
All-in Sustaining Costs (Years 1-15)
Just under $1,450 per ounce, increasing to just under $1,500 per ounce for the 30-year life of the project.
VGZ
$2.2+Infinity%1D
Analyst Views on VGZ
Wall Street analysts forecast VGZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VGZ is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast VGZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VGZ is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.180
Low
3.00
Averages
3.00
High
3.00
Current: 2.180
Low
3.00
Averages
3.00
High
3.00
H.C. Wainwright
Buy
maintain
$3
2025-07-21
Reason
H.C. Wainwright
Price Target
$3
2025-07-21
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on Vista Gold to $3 from $2.75 and keeps a Buy rating on the shares. The firm cites an updated price deck for the target increase.
About VGZ
Vista Gold Corp. and its subsidiaries operate as a development-stage company in the gold mining industry. The Company’s flagship asset is the Mt Todd Gold Project (Mt Todd), a ready-to-build development-stage gold deposit located in the Tier-1 jurisdiction of the Northern Territory, Australia (the NT). Mt Todd is located about 56 kilometers (km) by road northwest of Katherine, NT, Australia, and approximately 290 km by road southeast of Darwin, NT. It holds Mt Todd through its wholly owned subsidiary Vista Gold Australia Pty. Ltd. (Vista Gold Australia). The total land holdings controlled by Vista Gold Australia are approximately 1,637 square kilometers. In Mt Todd, the Company holds an interest in mineral licenses (MLs), including MLN 1070, MLN 1071, MLN 1127 and MLN 31525, and exploration licenses (ELs), such as EL29882, EL29886, EL30898, EL32004 and ELA32005.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
