VISTA GOLD CORP
6-K, 1997-07-15
GOLD AND SILVER ORES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 6-K

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                      the Securities Exchange Act of 1934


For the period of July 14, 1997                  Commission File Number:  1-9025


                                VISTA GOLD CORP.
                              (Name of Registrant)

                                   Suite 3000
                             370 Seventeenth Street
                             Denver, Colorado 80202
                    (Address of Principal Executive Offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.


      Form 20-F             X                   Form 40-F       
                       -----------                            -----------

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


          Yes                                   No        X      
               ------------                          -----------

If "Yes" is marked, indicate the file number assigned to the registrant in
connection with Rule 12g3-2(b):  Not applicable.
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                                   SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                              VISTA GOLD CORP.


Date:  July 15, 1997                          By: /s/ Karla J. Kimrey
     ----------------------------                ---------------------------
                                                  Karla J. Kimrey
                                                  Director of Investor Relations


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                                 EXHIBIT INDEX


<TABLE>
<CAPTION>

Exhibit          Description of Exhibit
- -------          ----------------------
  <S>            <C>
  99.1           Press release dated July 14, 1997, stating that the Company announces record
                 second quarter production from the Hycroft mine in Nevada.
</TABLE>

<PAGE>   1





                                                                    EXHIBIT 99.1



             VISTA GOLD ANNOUNCES RECORD SECOND QUARTER PRODUCTION


DENVER, COLORADO, JULY 14, 1997 - Vista Gold Corp. is pleased to announce
another record quarterly production from the Hycroft mine in Nevada.  Gold
production for the second quarter was 30,404 ounces, a 30 percent over
production of 23,429 ounces for the second quarter in 1996.  For the first six
months of 1997, gold production was 60,539 ounces, which is a 53 percent
increase over production of 39,635 ounces for the same period in 1996.  This
increased production is a result of expansion plans successfully implemented
late last year.

Direct cash operating costs per ounce continue to be below budget.  For the
second quarter and the first six months, direct cash operating costs were $240
per ounce.

Second quarter 1997 production can be attributed to expansion at the mine,
enhanced leach solution pumping capacity and the last of the higher grade ore
from Cut 4.

"We are very pleased with back-to-back record production quarters this year
from the Hycroft mine and that we are on track with our 1997 production plan of
115,000 ounces," said Michael B. Richings, President and CEO of Vista Gold
Corp.  "We give the credit to the management and staff at the Hycroft mine who
take pride in continuing to operate effectively and efficiently which is
especially important given the current gold price environment."

Vista Gold Corp. is an international gold mining, development and exploration
company based in Denver, Colorado, with its registered office in Vancouver,
British Columbia.  Its holdings range from the Hycroft mine in Nevada to
development and exploration projects in North and South America including
Ecuador, Bolivia, Venezuela and Peru.

                                      ---

The statements that are not historical are forward looking statements involving
known and unknown risks and uncertainties that could cause actual results to
vary materially from the targeted results.  Such risks and uncertainties
include those described in the Company's Form 20F as amended.

For further information, please contact Karla J. Kimrey, Director of Investor
Relations, or Michael B. Richings, President and CEO of Vista Gold Corp. at
(303) 629-2450 or (888) 629-2450.


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