Vista Gold takes $3.2M loss

Denver-based Vista Gold a net loss of $3.2 million, or minus 10 cents per share, for the three months ended June 30.
That compares with a loss of $900,000, or minus 4 cents per share, for the first three months of 2006.
The company generated no revenue in the quarter. It owns seven non-operating mines, located in Mexico, Australia, Indonesia, Bolivia, Idaho and California.
Vista Gold (AMEX: VGZ) is conducting a feasibility study of its Paredones Amarillos mine in Mexico. That study will help the company whether or not to start working that mine, according to Greg Marlier, chief financial officer.
For the first six months of 2007, Vista Gold had a net loss of $4 million, or 13 cents per share. That compares with a net loss of $2 million, or 9 cents per share, for the first six months of 2006.