Vista Gold Q3 net loss widens as acquisition by Artemis Gold remains pending
VGZ•Vista Gold reported a third-quarter net loss of $6.4 million, or $0.05 per share, and ended the quarter with $43.5 million in cash and no debt. Its agreed acquisition by Artemis Gold is pending shareholder and regulatory approvals.
1. Quarterly results
Vista Gold reported a third-quarter net loss of $6.4 million, or $0.05 per share. The company ended the quarter with $43.5 million in cash and no debt.
2. Acquisition pending
Vista Gold’s agreed acquisition by Artemis Gold awaits shareholder and regulatory approvals. While the arrangement is pending, Vista plans to continue advancing its Mt Todd project; it expects its shareholders to own about 5% of Artemis after completion. If the deal does not close, Vista says it will continue as an independent company advancing Mt Todd.
