DALLAS, Aug. 22, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Vista Gold Corp. (AMEX:VGZ). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/VGZ
Vista Gold Corp. (VGZ) engages in the evaluation, acquisition, exploration and advancement of gold exploration and potential development projects. The Company is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. After Midas' IPO, VGZ holds about 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by the Company. VGZ's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.
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In the report, the analyst notes:
"VGZ, early this month, reported a swing to a net income of $47.8 million, or $0.69 per basic and diluted share, for the second quarter of 2011, reversing a net loss of $7.3 million, or a $0.16 loss per basic and diluted share."
"The Company attributed the improved results to an unrealized gain of about $78 million that it recognized upon the completion of an asset combination, offset by approximately $23.6 million in net deferred taxes."
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