Vista Gold targets start of detailed engineering and design for Mt Todd in 2027
Company expects a 27-month period of construction and commissioning after engineering begins
Vista Gold says strong cash position supports interim project development objectives
Overview
U.S.-listed gold project developer reported Q2 net loss widened to $3.0 mln yr/yr
Loss per share for Q2 remained at $0.02
Company ended Q2 with $49.5 mln cash and no debt
Result drivers
Project development spending - Co said net loss reflects continued investment in advancing Mt Todd project, including permitting, technical optimization, and project planning
Analyst coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Vista Gold Corp is $4.50, about 163.2% above its July 29 closing price of $1.71
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