Vista Gold Announces First Quarter 2026 Financial Results (Form 8-K)

Vista Gold Announces First Quarter 2026 Financial Results

Denver, Colorado, April 30, 2026 - Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for the quarter ended March 31, 2026, with cash totaling $52.7 million at quarter-end. All dollar amounts in this press release are in U.S. dollars.

Frederick H. Earnest, President and CEO, stated, "During the first quarter, we advanced key work programs supporting our 2026 objectives and closed a public offering for aggregate gross proceeds of $44.85 million, with net proceeds of $42.0 million. Our 2026 priorities include all activities leading to permit modification approvals to align existing permits with the 2025 Mt Todd Feasibility Study; completing pre-development optimizations to provide key inputs for detailed engineering and design; expanding corporate capability by building an Australia-based team to lead project development; and advancing project execution planning."

The Company has commenced the process to obtain permit modifications and is actively engaged with consultants, regulators, and stakeholders. Some modifications have already been submitted, and programs to support other submissions are in progress. Management anticipates that the approval of these modifications will take place over time, with the final approval expected in 2027.

Vista is advancing pre-development optimizations in line with the recommendations presented in the 2025 Mt Todd Feasibility Study. Recent drilling has provided core for selective metallurgical testing to optimize grind size and gold recoveries, and provide data for the optimal selection and sizing of equipment in the process plant. A geotechnical review has commenced, with drilling and geotechnical mapping in progress in the Batman pit to assess the opportunity to steepen the west pit wall, reduce stripping, and potentially convert additional mineral resources to mineral reserves.

Since the start of the year, Vista has hired four project management team members to be based in Perth and an approvals manager based in Darwin. The Company has expanded its management capacity in the areas of projects/technical services, external relations/social performance, legal, and administration/finance. Recruiting is ongoing for an Australian-based managing director who will be responsible for delivering the Mt Todd project. Later this year, the Company plans to begin building the broader project development team.

Summary of Financial Results

Vista reported a consolidated net loss of $3.1 million, or $0.02 per common share, for the quarter ended March 31, 2026, compared to a consolidated net loss of $2.7 million, or $0.02 per common share, for the quarter ended March 31, 2025.

Cash and cash equivalents totaled $52.7 million at March 31, 2026, compared to $13.6 million at December 31, 2025. On March 9, 2026, the Company closed an underwritten public offering of 17,940,000 common shares for total aggregate gross proceeds of $44.85 million, with net proceeds of $42.0 million. Vista continued to have no debt.

Management Conference Call

Management's conference call to review financial results for the quarter ended March 31, 2026 and to discuss corporate and project activities is scheduled for May 1, 2026 at 7:00 a.m. MDT (9:00 a.m. EDT).

Participant Toll Free: +1 (800) 717-1738

Participant International: +1 (289) 514-5100

Conference ID: 06421

This call will be archived and available at www.vistagold.com after May 1, 2026. An audio replay will also be available through May 18, 2026 by calling toll-free in North America +1 (888) 660-6264 or +1 (289) 819-1325 using passcode 06421#.

If you are unable to access the audio or phone-in on the day of the conference call, please email your questions to [email protected].

About Vista Gold Corp.

Vista holds the Mt Todd gold project, located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Mt Todd is among the largest development-stage projects in Australia. The Company has defined a clear pathway to value realization, targeting the commencement of detailed engineering and design in 2027. This milestone is expected to initiate an approximately 27-month period of design, construction, and commissioning, culminating in first gold production.

Mt Todd offers strong project economics, significant initial production, and compelling expansion and exploration upside. Mt Todd benefits from advanced local infrastructure, options for future expansion, and broad community support, underpinning its potential to become a long-lived, globally significant gold operation.