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An update from Revival Gold ( (TSE:RVG) ) is now available.
Revival Gold has announced an update on its drilling program at the Mercur Gold Project in Utah, revealing promising assay results from ten additional drill holes. The results indicate potential upside in the Rover area of the deposit, with several intercepts extending outside current pit designs. The drilling program, which is nearly 90% complete, supports a planned 2026 pre-feasibility study, marking a significant step towards restarting gold production at Mercur.
Spark’s Take on TSE:RVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RVG is a Neutral.
Revival Gold’s stock reflects the high-risk, high-reward nature typical of exploration stage mining companies. The company’s positive corporate events and stable balance sheet are offset by the lack of revenue and ongoing cash burn. Technical analysis shows positive momentum, but valuation remains speculative due to negative earnings.
To see Spark’s full report on TSE:RVG stock, click here.
More about Revival Gold
Revival Gold Inc. is a company operating in the gold mining industry, focusing on exploration and development of gold projects. The company’s primary project is the Mercur Gold Project in Utah, where it is working on a shallow heap leach gold project.
Average Trading Volume: 393,391
Technical Sentiment Signal: Buy
Current Market Cap: C$192.1M
See more insights into RVG stock on TipRanks’ Stock Analysis page.