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The latest update is out from Viva Gold ( (TSE:VAU) ).
Viva Gold Corp has released an updated Mineral Resource Estimate and Preliminary Economic Assessment for its Tonopah Gold Project in Nevada, highlighting significant leverage to gold prices and potential economic viability. The project, with a life of mine production of 23.5 million tonnes, is expected to produce 404,000 ounces of gold and 354,000 ounces of silver over a seven-year period. The assessment indicates a net present value of $111.6 million at a gold price of $2,400 per ounce, increasing to $363.6 million at $3,200 per ounce. Viva Gold aims to accelerate the feasibility study and permitting process, leveraging the project’s strategic location and existing infrastructure to potentially reduce initial capital expenses.
More about Viva Gold
Viva Gold Corp is a company operating in the mining industry, focusing on the exploration and development of gold projects. Its primary project is the Tonopah Gold Project, located in Nevada, USA. The company is dedicated to advancing its core gold resource and exploring additional potential within its project area.
YTD Price Performance: 28.57%
Average Trading Volume: 53,951
Technical Sentiment Signal: Buy
Current Market Cap: C$26.2M
For detailed information about VAU stock, go to TipRanks’ Stock Analysis page.