VISTA GOLD CORP (VGZ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 106.42% of current shares
Recent Dilution: 8.48% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
130M
Potential Supply
140M
Additional shares possible
Splits
None
Past 2 years

Summary

VGZ currently has 132M outstanding shares. with significant dilution risk as 140M authorized shares could dilute existing holders by 106.4%. The company has minimally diluted shareholders by 8.48% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 131.6M shares outstanding

130M 140M
Nov 12, 2025

10-Q filing | 125.4M shares outstanding

130M 150M
Aug 12, 2025

10-Q filing | 124.9M shares outstanding

120M 150M
May 01, 2025

10-Q filing | 123.9M shares outstanding

120M 150M
Feb 28, 2025

10-K filing | 122.2M shares outstanding

120M 150M
Oct 23, 2024

10-Q filing | 122.3M shares outstanding

120M 150M
Oct 17, 2024

S-3 filing: Vista Gold Corp. is offering common shares with an aggregate offering price of up to $7,871,201 through an at-the-market offering via sales agent H.C. Wainwright & Co., LLC, intending to use the net proceeds primarily for general corporate purposes, which may include operating expenses, working capital to continue to explore and optimize the Mt. Todd gold project, future acquisitions, general capital expenditures and satisfaction of any debt obligations.

120M 150M
Jul 29, 2024

10-Q filing | 121.9M shares outstanding

120M 140M
May 02, 2024

10-Q filing | 121.2M shares outstanding

120M 140M
Mar 14, 2024

10-K filing | 120.5M shares outstanding

120M 140M
Nov 07, 2023

10-Q filing | 121.1M shares outstanding

120M 140M
Aug 02, 2023

10-Q filing | 120.6M shares outstanding

120M 140M
Apr 28, 2023

10-Q filing | 119.0M shares outstanding

120M 140M
Feb 23, 2023

10-K filing | 118.0M shares outstanding

120M 140M
Oct 26, 2022

10-Q filing | 118.1M shares outstanding

120M 140M
Jul 27, 2022

10-Q filing | 118.1M shares outstanding

120M 140M
May 02, 2022

10-Q filing | 117.4M shares outstanding

120M 140M
Feb 24, 2022

10-K filing | 110.3M shares outstanding

110M 150M
Nov 19, 2021

S-3 filing: Vista Gold Corp. may offer and sell, from time to time, up to $100,000,000 aggregate initial offering price of common shares in the capital of the Company, warrants to purchase Common Shares, subscription receipts for Common Shares, Warrants or any combination thereof, or any combination thereof in one or more transactions under this base prospectus.

120M 150M
Oct 27, 2021

10-Q filing | 115.6M shares outstanding

120M 10M
Jul 28, 2021

10-Q filing | 117.2M shares outstanding

120M 8.4M
Jul 12, 2021

8-K filing: Vista Gold Corp. entered into an underwriting agreement for the issuance and sale of 12,272,730 units at $1.10 per unit, with each unit consisting of one common share and one-half of one warrant, for gross proceeds of approximately $13.5 million. ($13.5M proceeds)

100M 22M
Apr 30, 2021

10-Q filing | 103.5M shares outstanding

100M 22M
Feb 26, 2021

10-K filing | 104.5M shares outstanding

100M 21M
Oct 28, 2020

10-Q filing | 102.4M shares outstanding

100M 23M
Jul 29, 2020

10-Q filing | 101.4M shares outstanding

100M 24M
Jun 12, 2020

S-3 filing: Vista Gold Corp. may offer and sell, from time to time, up to $25,000,000 aggregate initial offering price of common shares in the capital of the Company, warrants to purchase Common Shares, subscription receipts for Common Shares, Warrants or any combination thereof, or any combination thereof in one or more transactions under this base prospectus.

100M 24M
May 04, 2020

10-Q filing | 100.3M shares outstanding

100M 0
Apr 06, 2020

8-K filing: Vista Gold Corp. issued 50,000 options to a third-party service provider for advisory services, exercisable at US$0.51 per share.

100M 0
Feb 27, 2020

10-K filing | 99.7M shares outstanding

100M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime