Viva Gold Corp (TSE:VAU)
:VAU
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Viva Gold
(VAU)
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Rating:44Neutral
Price Target:
C$0.13
▼(-21.25% Downside)
Action:ReiteratedDate:03/28/26
The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses and negative free cash flow despite some improvement). Technical signals are neutral-to-soft with the price below key longer-term moving averages and a negative MACD. Valuation is difficult to support due to the negative P/E driven by losses and no dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces financial risk for a cash-burning explorer, lowering fixed financing costs and preserving flexibility to fund drilling or technical studies via equity or project financing. This durable strength supports execution on long-term resource definition.
Negative Factors
Pre-revenue operations
Operating with no revenue means the company lacks an internal cash generation base and must rely on external funding to advance exploration. Over the medium term this creates persistent execution risk and uncertain timing to reach commercial production or monetize assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces financial risk for a cash-burning explorer, lowering fixed financing costs and preserving flexibility to fund drilling or technical studies via equity or project financing. This durable strength supports execution on long-term resource definition.
Read all positive factors
Viva Gold (VAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.09M
Dividend YieldN/A
Average Volume (3M)161.74K
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding172,042,080
10 Day Avg. Volume126,131
30 Day Avg. Volume161,743
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)15.42
Price to Sales (P/S)0.00
P/FCF Ratio-10.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Viva Gold Business Overview & Revenue Model
Company Description
Viva Gold Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States. It holds 100% interest in the Tonopah gold project comprising 508 unpatented mineral claims covering an area of approximate...
How the Company Makes Money
null...
Viva Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -26.61K | 0.00 | 0.00 | 0.00 | -4.69K |
| EBITDA | -2.60M | -2.45M | -3.79M | -3.83M | -2.60M |
| Net Income | -2.61M | -2.43M | -3.77M | -3.83M | -2.60M |
Balance Sheet | |||||
| Total Assets | 1.94M | 2.55M | 1.39M | 3.48M | 2.07M |
| Cash, Cash Equivalents and Short-Term Investments | 757.77K | 1.34M | 222.65K | 2.13M | 1.26M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 397.42K | 311.62K | 436.95K | 1.16M | 250.22K |
| Stockholders Equity | 1.55M | 2.24M | 957.15K | 2.32M | 1.82M |
Cash Flow | |||||
| Free Cash Flow | -2.21M | -2.31M | -3.96M | -3.21M | -2.27M |
| Operating Cash Flow | -2.21M | -2.31M | -3.96M | -2.98M | -2.27M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -225.38K | 0.00 |
| Financing Cash Flow | 1.64M | 3.41M | 2.05M | 4.11M | 2.41M |
Viva Gold Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
51 Neutral | C$24.12M | -15.87 | -15.89% | ― | ― | 47.41% | |
46 Neutral | C$30.90M | 125.32 | 27.05% | ― | -100.00% | ― | |
45 Neutral | C$21.01M | -15.35 | -16.82% | ― | ― | 14.38% | |
44 Neutral | C$24.09M | -12.63 | -144.44% | ― | ― | ― | |
42 Neutral | C$20.97M | -18.79 | -273.87% | ― | ― | -100.00% |
* Basic Materials Sector Average
TSE:VAU
Viva Gold
0.14
0.02
12.00%
TSE:OCI
Orefinders Resources
0.11
0.03
40.00%
TSE:YRB
Yorbeau Resources Inc
0.07
0.03
62.50%
TSE:SGC
Solstice Gold
0.08
0.05
128.57%
TSE:WG
Westward Gold Inc
0.09
<0.01
5.88%
TSE:AUOZ
Emperor Metals
0.17
0.07
65.00%
Viva Gold Corporate Events
Business Operations and Strategy
Viva Gold Grants 750,000 Stock Options to Advance Tonopah Project
Positive
Mar 11, 2026
Viva Gold Corp. has granted 750,000 stock options to directors, officers and consultants under its stock option plan, with an exercise price of C$0.15 per share and a three-year term, subject to TSX Venture Exchange acceptance. The award, which wi...
Business Operations and Strategy
Viva Gold Launches New Drilling Phase at Nevada’s Tonopah Project
Positive
Feb 25, 2026
Viva Gold Corp has begun a 2,500-metre reverse circulation drilling campaign at its Tonopah Gold Project in Nevada, targeting the conversion of inferred mineralization to measured and indicated categories and closing gaps around the planned pit ar...
Business Operations and Strategy
Viva Gold Launches Advanced Technical Study for Tonopah Project in Nevada
Positive
Feb 18, 2026
Viva Gold Corp has launched a comprehensive Technical Study for its Tonopah Gold Project in Nevada, targeting Pre-Feasibility standards with some Feasibility-level components to refine mine design, processing options, and cost estimates. The compa...
Business Operations and Strategy
Viva Gold Expands Tonopah Land Package and Ramps Up Drilling in Nevada
Positive
Feb 11, 2026
Viva Gold Corp has expanded its land position at the Tonopah Gold Project in Nevada by staking 36 additional unpatented lode claims covering roughly 720 acres identified as highly prospective for new gold discoveries. The company is also launching...
Business Operations and Strategy
Viva Gold Advances Tonopah Project Toward Feasibility With New Drilling and Optimization Work
Positive
Jan 14, 2026
Viva Gold has launched a series of work programs aimed at moving its Tonopah project into pre-feasibility and feasibility studies while expanding and upgrading its gold and silver resources. The company has submitted a drilling plan for up to 23 l...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.