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Revival Gold ( (TSE:RVG) ) has provided an announcement.
Revival Gold has exercised its option to acquire 100% of Barrick Mining Corporation’s interest in the Mercur Gold Project in Utah, consolidating a 7,200-hectare land package and completing control over a large Carlin-style gold system. The move follows a 2025 preliminary economic assessment and a 13,000-metre drill program supporting a planned 2026 pre-feasibility study and mine permitting, with the PEA outlining a 10-year heap leach operation averaging 95,600 ounces of gold annually and indicating robust project economics at current and higher gold prices. Under the option terms, Revival Gold will acquire Barrick’s U.S. subsidiary, make staged payments totaling US$20 million tied to closing and future commercial production, and grant Barrick net smelter return royalties on Mercur and surrounding claims, with closing targeted for around April 1, 2026 subject to regulatory approvals and environmental bonding. Management describes Mercur as the company’s top production priority, highlighting Utah’s supportive jurisdiction, existing site infrastructure and Barrick’s legacy of strong environmental and community standards, which Revival Gold intends to maintain as it advances toward a restart of mining.
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 Canadian gold exploration and development company focused on advancing heap leach gold projects in the western United States. The company’s key asset base includes the Mercur Gold Project in Utah, where it is working to restart production, leveraging existing infrastructure, favourable permitting conditions, and a large Carlin-style gold system historically operated by major producers.
YTD Price Performance: 150.0%
Average Trading Volume: 349,147
Technical Sentiment Signal: Buy
Current Market Cap: C$190.8M
For an in-depth examination of RVG stock, go to TipRanks’ Overview page.