Vista Gold Corp (VGZ)

[mortalmyth]

bobhwang, the just released quarterly financial wasn't really that much of a surprise with about a penny per share loss. I know they are pressing to become profitable and in doing so are making a few across the board cuts. Hope they don't overdue it for the Mt. Todd efforts as that project needs to be done right the first time, with no delays. I would have thought the market to act more positively towards this financial and the efforts being put forth by the company. Just goes to show you that Mr. Market does what he wants and when he wants. Maybe it will turn out that today and tomorrow were excellent days to further increase positions.

Summary of First Quarter 2014 Financial Results

We reported a net loss of $1.1 million or $0.01 per share for the three months ended March 31, 2014. This includes an unrealized $2.1 million mark-to-market gain on our investment in Midas. During the three months ended March 31, 2013, we reported net loss of $27.4 million, or $0.34 per share. The 2013 results included a $28.8 million unrealized loss on our investment in Midas.

Expenditures for exploration and property holding costs, principally at our Mt Todd gold project, totaled $1.4 million for the three months ended March 31, 2014, down approximately 80% from $7.1 million for the same period in 2013, when costs included cash intensive programs such as water treatment and the prefeasibility study for the Mt Todd gold project. We continue to identify and implement cost cutting measures at the Mt Todd gold project in addition to those introduced in 2013.

Corporate cost reduction measures have also successfully been implemented. Corporate G&A costs totaled $1.3 million for the three months ended March 31, 2014, down approximately 33% from $1.9 million for the same period in 2013.

Our working capital at March 31, 2014 totaled approximately $16.2 million, including cash of approximately $7.5 million. The Company has no debt.

http://ih.advfn.com/p.php?pid=nmona&article=62114075

Good day to you.