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An update from Viva Gold ( (TSE:VAU) ) is now available.
Viva Gold Corp has successfully closed a $1.6 million private placement offering, issuing over 12.5 million units at CDN$0.13 per unit. The funds will be utilized to complete an updated resource estimate and Preliminary Economic Assessment (PEA) for the Tonopah gold project in Nevada, and to advance the project towards a feasibility study. This strategic financing is expected to enhance Viva Gold’s operational capabilities and strengthen its position in the gold mining industry, potentially increasing shareholder value.
More about Viva Gold
Viva Gold Corp is a mining company focused on the exploration and development of gold resources. The company is advancing its high-grade Tonopah Gold Project in Nevada, which is situated in a prolific mining region. Viva Gold is led by an experienced management team and board, with a history of successful mine development. The Tonopah project is positioned as a potential open pit, heap leach/mill opportunity with early access to high-grade mineralization and key infrastructure in place.
YTD Price Performance: -10.0%
Average Trading Volume: 82,462
Technical Sentiment Signal: Strong Buy
Current Market Cap: $12.13M
For an in-depth examination of VAU stock, go to TipRanks’ Stock Analysis page.