Event-Driven Stocks

Formerly Allied Nevada Gold Corp

Spin-offSpun off from Vista Gold CorpVGZNYSE

The two companies

Parent
Gold and Silver Ores
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Materials
Industry
Gold and Silver Ores
Exchange
State of incorporation
DE
Record date
Distribution date
Ratio
Parent sector
Gold and Silver Ores
Form
10-12B/A
Filed
November 16, 2006

Financials — parent vs spin-off

SEC XBRL · latest year
Vista Gold CorpFY25
Revenue
$0
Operating income
−$9M
Net income
−$7M
Total assets
$16M
Equity
$15M
Hycroft Mining CorpFY14
Revenue
Operating income
−$480M
Net income
$332,000
Total assets
$941M
Equity
$278M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 1/6 favorable · factors, not advice
  • Focus-increasingNo — both Materials

    Spin-offs into a different sector than the parent (pure-plays) have historically outperformed diversifying ones.

  • Leverage (liabilities/assets)71%

    A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.

  • Return on capital employed-137.6%

    EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)5 open-market buys

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off19.5 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.