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Revival Gold
(RVG)
Revival Gold (RVG) vs. iShares MSCI Canada ETF (EWC)
Revival Gold Business Overview & Revenue Model
Revival Gold Financial Statement Overview
| Breakdown | TTM | Sep 2025 | Jun 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -34.39K | -45.33K | -7.77K | -2.17K | -2.93K | -4.25K |
| EBITDA | -13.97M | -8.07M | -8.94M | -11.45M | -8.88M | -9.66M |
| Net Income | -13.57M | -8.04M | -8.59M | -11.39M | -8.89M | -9.77M |
Balance Sheet | ||||||
| Total Assets | 53.49M | 35.54M | 39.29M | 13.29M | 15.49M | 13.30M |
| Cash, Cash Equivalents and Short-Term Investments | 18.50M | 1.31M | 5.30M | 4.49M | 7.10M | 5.95M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.05M | 1.65M | 2.05M | 1.01M | 1.05M | 810.74K |
| Stockholders Equity | 51.44M | 33.89M | 37.24M | 12.28M | 14.45M | 12.49M |
Cash Flow | ||||||
| Free Cash Flow | -13.22M | -8.28M | -8.73M | -11.13M | -8.85M | -9.30M |
| Operating Cash Flow | -13.11M | -8.00M | -8.03M | -10.46M | -8.53M | -8.96M |
| Investing Cash Flow | -197.17K | -184.92K | -682.58K | -661.17K | -316.48K | -340.76K |
| Financing Cash Flow | 28.66M | 4.10M | 9.55M | 8.48M | 10.05M | 14.12M |
Revival Gold Technical Analysis
Revival Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$220.65M | 77.05 | 31.45% | ― | 12.05% | ― | |
58 Neutral | C$269.83M | -16.63 | -7.79% | ― | ― | -105.98% | |
55 Neutral | C$223.85M | -6.50 | -22.63% | ― | ― | -6.54% | |
49 Neutral | C$206.78M | -18.94 | -5.92% | ― | ― | -7.14% | |
40 Underperform | C$189.85M | -7.79 | -89.19% | ― | ― | -70.87% |
Revival Gold Corporate Events
Revival Gold reported new assay results from eighteen additional drill holes at its Mercur Gold Project in Utah, including high-grade near-surface intercepts of 4.2 grams per tonne gold over 25 meters at South Mercur and 6.5 grams per tonne gold over 7.1 meters at Main Mercur. These first holes in the South Mercur area underscore strong exploration potential across multiple zones on the property.
The company has completed 115 reverse-circulation and core holes in its 2025 Mercur drilling program, with data feeding into a planned prefeasibility study slated for release in early 2027. That study is intended to underpin plans to restart gold production at Mercur, marking a significant step in de-risking the project and potentially enhancing Revival Gold’s position among North American gold developers.
The most recent analyst rating on (TSE:RVG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Revival Gold stock, see the TSE:RVG Stock Forecast page.
Revival Gold has outlined its 2026 plans, highlighting an accelerated development schedule for the Mercur gold project in Utah with the goal of reaching a construction decision in 2028 and potential gold production in 2029. The company will undertake extensive metallurgical testing, 16,000 meters of drilling, environmental baseline studies and a Preliminary Feasibility Study to upgrade resources, support permitting and refine mine engineering.
At the Beartrack-Arnett project in Idaho, Revival Gold will continue exploration with 3,000 meters of core drilling focused on the high-grade Joss target to demonstrate continuity and expansion potential at depth. Management positions 2026 as a transformative year, arguing that the market has yet to fully reflect Mercur’s potential in the company’s valuation, with the year’s work programs aimed at de-risking both projects and advancing Revival Gold toward becoming the next producing gold mine operator in the U.S. Great Basin.
The most recent analyst rating on (TSE:RVG) stock is a Hold with a C$0.92 price target. To see the full list of analyst forecasts on Revival Gold stock, see the TSE:RVG Stock Forecast page.
Revival Gold reported new drilling results from its 2025 program at the Mercur project in Utah, highlighted by near-surface oxide intercepts including 1.0 grams per tonne gold over 30.5 meters and several other broad mineralized zones at shallow depths. The latest assays generally align with prior resource and metallurgical models, extend mineralization beyond the current resource pit in the Rover area, and will support a planned pre-feasibility study, marking progress toward potential redevelopment and production restart at Mercur.
The company completed 115 reverse circulation and core holes in the 2025 campaign, of which 86 holes have now been reported, and recent holes RM25-155 and RM25-157 confirmed multiple oxide zones north of existing resources, suggesting further upside for future resource growth. Management emphasized that the consolidated land package and consistent drilling results enhance Mercur’s redevelopment case and could strengthen Revival Gold’s position in the U.S. gold sector by adding scale and extending the mineralized footprint.
The most recent analyst rating on (TSE:RVG) stock is a Hold with a C$0.87 price target. To see the full list of analyst forecasts on Revival Gold stock, see the TSE:RVG Stock Forecast page.
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.
In 2025, Revival Gold reported a year of “transformational growth,” underpinned by strategic equity investments totaling C$34 million from Dundee Corporation and EMR Capital, both experienced mining-focused investors, strengthening the developer’s balance sheet and validating its asset base. The company delivered a robust Preliminary Economic Assessment for its Mercur project, outlining a 10-year mine life with average annual production of 95,600 ounces of gold, an after-tax NPV of US$752 million and 57% IRR at US$3,000/oz, and initiated permitting and technical work ahead of a planned 2026 pre-feasibility study. Revival also advanced drilling and metallurgical programs at both Mercur and Beartrack-Arnett, consolidated the full 7,200-hectare Mercur land package by exercising an option on Barrick claims, and strengthened its management team, moves that collectively enhance its development pipeline and position the company for further growth in the U.S. gold sector.
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.