Vista Gold Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $391.2M
- Price
- $2.68
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.68%
- Volume
- 1.6M
About
Established in 1983 and based in Littleton, Colorado, Vista Gold Corp. and its affiliated companies focus on the assessment, acquisition, exploration, and advancement of gold development ventures, primarily operating in Australia. The company's most significant property is the Mt Todd gold project, which is situated in the Northern Territory.
Quick stats
Shares outstanding146.0M
Computed float146.0M
Float / shares100.0%
Cash runway (months)63.4
Key info
SectorBasic Materials
IndustryGold
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000783324
Websitehttps://www.vistagold.com
AI Summary
AI-generated1/14
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Artemis Gold Agrees to Acquire Vista Gold, Adding an Advanced Stage Gold Development Asset in Australia
Artemis Gold has agreed to acquire Vista Gold in a court-approved plan of arrangement, with Vista shareholders receiving 0.0966 Artemis shares per Vista share — implied consideration of US$2.83 per share and a total transaction value of approximately US$427 million on a 100% basis.
The all-share deal carries a 25% premium to Vista's last close and 29% to its 20-day VWAP, leaving Vista holders with roughly 5% of the combined company; closing is expected in January 2027 pending Vista shareholder, court, FIRB and exchange approvals.
Vista brings the feasibility-stage Mt Todd project in Australia's Northern Territory — 9.1 million ounces of Measured and Indicated resources plus 1.4 million ounces Inferred, with permits for a 50,000 tonne-per-day facility — extending Artemis's pathway toward more than one million ounces of annual gold production after its Blackwater EP2 expansion.
Vista's board unanimously approved the transaction on fairness opinions from CIBC Capital Markets and ATB Cormark, with a US$18 million termination fee payable by Vista in certain circumstances, including pursuit of a superior proposal.
Red flags
- All-stock consideration with no cash — Vista holders bear Artemis share-price risk until the expected January 2027 close
- US$18 million termination fee payable by Vista Gold, including if it pursues a Superior Proposal
- Closing is conditional on a 66 2/3% Vista shareholder vote, court approval, FIRB clearance, Northern Territory Ministerial Consent, and SEC/TSX/TSXV approvals
- Artemis already holds 4.95% of Vista shares, implicating MI 61-101 minority-shareholder protections
- Mt Todd construction spend deferred until after Blackwater EP2 completion (expected mid-2028) — long development timeline