Vista Gold Corp 2026年季度报告

FORM 10-Q (Mark One) (Registrant’s Telephone Number, including Area Code) Securities registered pursuant to Section 12(b) of the Act: Indicate by checkmark whether the registrant (1)filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company.See definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicaldate: 145,971,346 common shares, without par value, outstanding as of April 24, 2026. VISTA GOLD CORP.FORM10-QFor the Quarter Ended March 31, 2026INDEX PagePART I – FINANCIAL INFORMATIONITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS3ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS13ITEM 4. CONTROLS AND PROCEDURES25PART II – OTHER INFORMATIONITEM 1. LEGAL PROCEEDINGS25ITEM 1A. RISK FACTORS26ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OFPROCEEDS26ITEM 3. DEFAULTS UPON SENIOR SECURITIES26ITEM 4. MINE SAFETY DISCLOSURE26ITEM 5. OTHER INFORMATION26ITEM 6. EXHIBITS27SIGNATURES PART I ITEM 1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. VISTA GOLD CORP.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(Dollar amounts in U.S. dollars and in thousands) March31,December31,20262025Assets:Current assets:Cash and cash equivalents$52,729$13,622Other current assets451526Total current assets53,18014,148 VISTA GOLD CORP.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)(Dollar amounts in U.S. dollars and in thousands, except per share data) The accompanying notes are an integral part of these condensed consolidated financial statements. VISTA GOLD CORP.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(Dollar amounts in U.S. dollars and in thousands) VISTA GOLD CORP.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollar amounts in U.S. dollars and in thousands) VISTA GOLD CORP.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Dollar amounts in U.S. dollars and in thousands, except share-related amounts) 1.Overview of Operations and Basis of Presentation Vista Gold Corp. and its subsidiaries (collectively, “Vista,” the “Company,” “we,” “our,” or “us”) operateas a development-stage company in the gold mining industry. The Company’s flagship asset is its 100%owned Mt Todd gold project (“Mt Todd” or the “Project”) in Northern Territory, Australia. Since acquiringMt Todd in 2006, we have invested substantial financial resources to systematically explore, evaluate,engineer, permit, and de-risk the Project. The interim Condensed Consolidated Financial Statements (“interim statements”) of the Company areunaudited. In the opinion of management, all adjustments, reclassifications, and disclosures necessary for afair presentation of these interim statements are included. The results reported in these interim statementsare not necessarily indicative of the results that may be reported for the entire year. These interimstatements should be read in conjunction with the Company’s Consolidated Financial Statements for theyear ended December 31, 2025 as filed with the United States Securities and Exchange Commission andCanadian securities regulatory authorities on Form 10-K (“2025 Financial Statements”). The balance sheetas of December 31, 2025 as presented herein was derived from the Company’s audited financial statementsand, in accordance with the instructions to Form 10-Q, certain information and footnote disclosuresrequired by United States generally accepted accounting principles have been condensed or omitted. Theseinterim statements have been prepared on the going concern basis of accounting,whichcontemplates Vista having the ability to meet its obligations when due in the normal course of business forthe foreseeab