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The latest announcement is out from Revival Gold ( (TSE:RVG) ).
Revival Gold reported encouraging new drilling results from its Mercur Gold Project in Utah, including intercepts of 1.8 g/t gold over 25.9 meters and other significant intervals of near-surface oxide mineralization that confirm the expected grade, leachability, and exploration upside relative to existing resource and metallurgical models. Alongside these results, the company outlined key steps in advancing Mercur toward a planned pre-feasibility study in 2026, including launching baseline biological and archaeological mitigation fieldwork, preparing a new round of column leach metallurgical tests, initiating work to redevelop historical water supply wells, and appointing veteran mining executive Timothy S. Barnett as General Manager to oversee site development and operations, all aimed at restarting gold production at a targeted scale of 100,000 ounces per year.
The most recent analyst rating on (TSE:RVG) stock is a Hold with a C$0.75 price target. To see the full list of analyst forecasts on Revival Gold stock, see the TSE:RVG Stock Forecast page.
Spark’s Take on TSE:RVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RVG is a Neutral.
The score is held back primarily by weak operating fundamentals (pre-revenue losses and ongoing cash burn) despite a low financial-risk balance sheet (no debt). Technicals are moderately supportive with price above major moving averages and positive momentum, while valuation remains challenging due to negative earnings. Recent corporate events are a positive tailwind as Mercur control and drilling progress advance the development timeline, but execution and funding risk remain central.
To see Spark’s full report on TSE:RVG stock, click here.
More about Revival Gold
Revival Gold Inc. is a gold exploration and development company focused on advancing heap leach gold projects, including its flagship Mercur Gold Project in Utah. The company targets near-surface oxide gold mineralization and aims to restart domestic gold production, positioning itself to benefit from a strong gold price environment.
Average Trading Volume: 360,017
Technical Sentiment Signal: Buy
Current Market Cap: C$201.7M
See more data about RVG stock on TipRanks’ Stock Analysis page.