Vista Gold (TSE:VGZ) reported its second-quarter 2026 financial results, with the net loss widening to $3 million, up from $2.4 million in the same period last year. Despite the increased loss, the company maintains strong liquidity, holding $49.5 million in cash and no debt as of the end of the quarter, primarily due to a $42 million equity offering in March. Meanwhile, Vista Gold continues to advance permitting, technical optimization, and execution planning for its Mt Todd gold project, with the goal of commencing detailed engineering design in early 2027, followed by approximately 27 months of construction and commissioning. The company expects to secure additional permit approvals in the second half of 2026, with final approval expected to be granted in 2027.