<SEC-DOCUMENT>0001104659-21-089782.txt : 20210707
<SEC-HEADER>0001104659-21-089782.hdr.sgml : 20210707
<ACCEPTANCE-DATETIME>20210707161655
ACCESSION NUMBER:		0001104659-21-089782
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210707
DATE AS OF CHANGE:		20210707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISTA GOLD CORP
		CENTRAL INDEX KEY:			0000783324
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-239139
		FILM NUMBER:		211077596

	BUSINESS ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY, SUITE 5
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127
		BUSINESS PHONE:		720-981-1185

	MAIL ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY, SUITE 5
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES INC
		DATE OF NAME CHANGE:	19950602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES EXPLORATION LTD
		DATE OF NAME CHANGE:	19890619
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>tm2121479d3_424b5.htm
<DESCRIPTION>424B5
<TEXT>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; padding-left: 0in; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Prospectus Supplement<BR>
to Prospectus dated June 24, 2020</B></FONT></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: right; text-indent: 0in"><B>Filed Pursuant to
    Rule 424(b)(5)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: right; text-indent: 28.35pt"><B>Registration No.
    333-239139</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: center; text-indent: 0in; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: center; text-indent: 0in; color: red"><B><IMG SRC="tm2121479d3_424b5img001.jpg" ALT=""></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: center; text-indent: 0in"><B>VISTA GOLD CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus supplement supplements and amends
certain information contained in the&nbsp;prospectus supplement&nbsp;dated June 24, 2020, to the&nbsp;prospectus&nbsp;dated June 24, 2020
(collectively, the &ldquo;June 2020&nbsp;Prospectus&rdquo;), relating to the offer and sale of our common shares through H.C. Wainwright&nbsp;&amp;
Co., LLC (&ldquo;Wainwright&rdquo;), as sales agent, in &ldquo;at the market offerings&rdquo; as defined in Rule&nbsp;415 promulgated
under the Securities Act of 1933, as amended, pursuant to the At the Market Offering Agreement with Wainwright dated as of November 22,
2017, as amended by the amendment thereto dated June 24, 2020 (the &ldquo;ATM Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our common shares are traded on the NYSE American&nbsp;LLC
(&ldquo;NYSE American&rdquo;) and on the Toronto Stock Exchange (&ldquo;TSX&rdquo;) under the symbol &ldquo;VGZ.&rdquo; The last sale
price for our common shares on July 6, 2021 was $1.27 per share on the NYSE American and Cdn$1.58 per share on the TSX.
Under the June&nbsp;2020&nbsp;Prospectus, we initially registered up to $9,167,586 of our common shares for offer and sale pursuant to
the ATM Agreement. From June 24, 2020 through the date of this prospectus supplement, we sold common shares with an aggregate gross purchase
price of $2,078,187.07 under the June 2020&nbsp;Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The purpose of this prospectus supplement is to
suspend the ATM Agreement and to terminate the continuous offering by us under the June 2020 Prospectus effective on July 7, 2021.
We will not make any sales of our common shares pursuant to the ATM Agreement unless and until a new prospectus supplement is filed with
the Securities and Exchange Commission; however, the ATM Agreement remains in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>July 7, 2021&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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