VISTA GOLD CORP
8-K, 1999-06-03
GOLD AND SILVER ORES
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                                   FORM 8-K

                            CURRENT REPORT PURSUANT
                             TO SECTION 13 OR 15(d)
                                    OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                 June 2, 1999
                Date of report (Date of earliest event reported)

                               VISTA GOLD CORP.
             (Exact Name of Registrant as Specified in Its Charter)

                           YUKON TERRITORY, CANADA
                 (State or Other Jurisdiction of Incorporation)

             1-9025                                   NOT APPLICABLE.
     (Commission File Number)                (IRS Employer Identification No.)

370 SEVENTEENTH STREET, SUITE 3000,
           DENVER, CO USA                                 80202
(Address of Principal Executive Offices)                (Zip Code)

                                 (303) 629-2450
              (Registrant's Telephone Number, Including Area Code)

                                NOT APPLICABLE.
         (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

                               VISTA GOLD CORP.

ITEM 1.      CHANGES IN CONTROL OF REGISTRANT.

        Not applicable.

ITEM 2.      ACQUISITION OR DISPOSITION OF ASSETS.

        Not applicable.

ITEM 3.      BANKRUPTCY OR RECEIVERSHIP.

        Not applicable.

ITEM 4.      CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

        Not applicable.

ITEM 5.      OTHER EVENTS.

        PRESS RELEASE DATED JUNE 2, 1999 ANNOUNCING TERMINATION OF MERGER
        DISCUSSIONS.

ITEM 6.      RESIGNATIONS OF REGISTRANT'S DIRECTORS.

        Not applicable.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS.

        (a)  Financial statements of businesses acquired:

             Not applicable.

        (b)  PRO FORMA financial information:

             Not applicable.

        (c)  Exhibits

             20.1  Press release dated June 2, 1999 announcing termination of
             merger discussion

ITEM 8.      CHANGE IN FISCAL YEAR.

        Not applicable.

ITEM 9.      SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.

        Not applicable.


                                    - 2 -
<PAGE>

                                  SIGNATURES

     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 hereunto duly authorized.

                                            VISTA GOLD CORP.
                                            (Registrant)

Date: June 2, 1999                          By: /s/ Roger L. Smith
                                                --------------------------
                                                Roger L. Smith
                                                Vice President Finance


                                    - 3 -
<PAGE>

                                EXHIBIT INDEX

                   EXHIBIT NO.                                        PAGE NO.
                   -----------                                        --------

20.1  Press release dated June 2, 1999 announcing
      termination of merger discussion                                   2


                                    - 4 -

<PAGE>

                                 [LETTERHEAD]


                                          Trading Symbol:  VGZ
                                          Toronto and American Stock Exchanges


_______________________________________________________________NEWS  _________


           VISTA GOLD ANNOUNCES TERMINATION OF MERGER DISCUSSIONS

DENVER, COLORADO, JUNE 2, 1999 -- Vista Gold Corp. announced today that it
has terminated merger negotiations with Metallica Resources Ltd.  Mike
Richings, President and Chief Executive Officer of Vista Gold Corp., reported
that the two companies had mutually agreed to abandon discussions.  He said
the decision not to proceed was amicable and reflected the desire of both
companies to pursue other opportunities.

Vista Gold Corp. is an international gold mining, development and exploration
company based in Denver, Colorado.  Its holdings include the Hycroft and
Mineral Ridge mines in Nevada, development properties in Bolivia and
exploration projects in North and South America.

                                     ---

The statements that are not historical facts 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 10-K as amended.

For further information, please contact Investor Relations at (303) 629-2450.



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