Categories: Precious Metals
Topics: Gold Stocks

Revival Gold (TSX-V: RVG)(OTC: RVLGF) CEO Hugh Agro on Recent C$30M Financing, High-Grade Gold Results from Beartrack-Arnett, Idaho, and Momentum Toward Production at Mercur, Utah

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the very busy CEO of Revival Gold (TSX-V: RVG)(OTC: RVLGF) — Mr. Hugh Agro. How are you, Hugh?

Hugh Agro: I am doing well, Gerardo, and great to be back on with you. 

Gerardo Del Real: Well, listen, I wanted to have you back because last time we chatted, we talked about 8 grams per tonne gold (g/t Au) over 12 meters [at Mercur].

And just a few days ago, you hit 6.4 g/t Au over 19 meters [at Beartrack-Arnett].

And then you announced — and this one took me a bit by surprise, but it makes perfect sense to me — a C$30 million capital raise.

So I want to start there. The drill results speak for themselves, and we can touch on them here in just a second. 

But clearly, the folks with the checkbooks are excited about what they see at both projects. And with M&A picking up in the space, and gold looking like it wants to make another run at $5,000/oz, you're sitting in a pretty sweet spot. So congratulations.

Hugh Agro: Yes, all very well put. And you're bang on point here. Look, Mercur is the focus project for us. We're marching toward production now; less than two years to get to a Construction Decision there in early 2028.

The team is delivering. The drill results we saw earlier this month continue to show the exploration potential in this broad, big Carlin-type system. 

But we've also got Beartrack-Arnett. I know that's been tickling your fancy for some time here, Gerardo. We've got 4.6 million ounces there and an underground target.

These latest drill results that we just put out, we had a rush on. We hit the shear zone there. We've hit the shear zone with another three drill holes, and so we wanted to get these results out to our shareholders.

As you pointed out, there's a lot of corporate M&A activity going on out there. Our shareholders stepped up and shored up our balance sheet. We are in really good shape here and continue to deliver results.

Gerardo Del Real: What is the approach here for the rest of 2026? You're cashed up to a Construction Decision, as you've mentioned, and I have to believe there's a bit of a rush to prove up as much value as possible in an expedited manner, given the state of M&A and given your resource profile.

Hugh Agro: Yes, that's it exactly. And also to de-risk the project. As we move closer and closer to that permitting completion — and again, less than two years from now — that will surface a ton of alternatives for us.

And we're not talking about a big capital number to get into operation. The Mercur project is expected to generate some US$350 million a year of free cash flow in the United States, which is a huge geopolitical advantage for us. And from a project that's proven that there is a lot of support for it locally.

In fact, I was meeting with Utah Governor Spencer Cox just two and a half weeks ago, and, my gosh, they are just doing an excellent job in that state to welcome business and create the right environment for success.

Gerardo Del Real: Listen, firing on all cylinders. I know we had a bit of a lull several years ago with the bear market where it seemed like everything was just taking forever. 

Everything is happening really, really quickly now. Congrats on some great execution. Congrats on delivering value when people weren't paying attention and for starting to unlock a whole heck of a lot of that now.

Hugh Agro: You bet. And I see clear blue sky ahead here. Again, fully funded. Lots of upside in the stock, trading at just about 0.15 times underlying NAV, de-risking underway, and exploration continuing.

Actually, we have two rigs turning on our Beartrack-Arnett project. We're going to double the program of drilling there on the back of the recent results and the funding you just spoke of. We have another two rigs coming back to Mercur this week, and we'll resume drilling there too.

A lot of news to come, a lot of de-risking, and a lot of value to deliver for investors.

Gerardo Del Real: Lots to like, Hugh. Thank you so much. I appreciate it.

Hugh Agro: You bet, Gerardo.

Click here to see more from Revival Gold Inc.
 

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