Vista Gold Corp.
Vista Gold is advancing the Mt Todd gold project, the largest undeveloped gold project in Australia. A Q1 2026 $44.85M public offering boosted cash to $52.7M; the company was added to the Russell 2000 Index in June 2026, and targets detailed engineering start in 2027 with first production in late 2029.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.6/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
CPA with more than 35 years of corporate financial management experience, holding a B.S. in Business Administration and Accounting from the University of Colorado and membership in the American Institute of Certified Public Accountants. Served as Chief Financial Officer of Alacer Gold Corp. from April 2004 to August 2012, overseeing the development and early operating years of the Çöpler Gold Mine in Turkey, then ran his own consulting practice, Tobler Advisory LLC, from 2012 to 2014. Was Chief Financial Officer of Lydian International Limited from April 2014 to June 2019, and has served as Chief Financial Officer of Vista Gold Corp. since July 2019.
President, Chief Executive Officer & Director of Vista Gold Corp. -- missing from this DB entirely before this batch (only CFO Douglas Tobler was tracked). At Vista Gold since 2006 (Senior VP Project Development 2006-2007, President & COO 2007-2012), appointed CEO effective 1 Jan 2012. B.S. in Mining Engineering, Colorado School of Mines (1987). Earlier career: General Manager and Legal Representative of Compania Minera Dayton, S.A. de C.V. (1998-2004), then President of Pacific Rim El Salvador, S.A. de C.V. (2004-2006) -- the El Salvador subsidiary Pacific Rim Mining Corporation gained via its 2002 merger with Dayton Mining Corporation. Pacific Rim's mining-license application was refused by El Salvador in 2008 (after Earnest's 2006 departure), leading to a real, notorious ICSID arbitration dispute Pacific Rim ultimately lost in 2016 -- not attributable to Earnest's own 2004-2006 tenure, and no decisive personal outcome specific to his own tenure period was established this pass.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Kopernik Global Investors, a real, named resource-specialist manager -- the same firm the playbook uses as its own canonical Pillar-B precedent elsewhere in this database -- holds 9.49% of Vista Gold (13,852,010 shares) as of a 13 May 2026 filing. The rest of the named register (Millennium Management, Marshall Wace, Trek Financial, Goldman Sachs, Cetera) is generalist/multi-strategy money, not resource-specialist. The one other positive is a run of small, genuine open-market director purchases, but the most recent is from March 2024, so it says more about 2024 than about now.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.