Click here to read important disclaimer & disclosures Click here to see more about Revival Gold Inc.
A Revival in Gold
TSX-V: RVG | OTC: RVLGF
Advancing the Flagship 4 Million-Plus Ounce
High-Grade, Pure Gold
Beartrack-Arnett Project, Idaho, USA
6.2 MILLION GOLD OUNCES COMBINED
Target Production: 150K Oz Au Per Annum Combined
Click Here to Read Sponsor Disclosure
Gold has been setting a series of all-time highs above US$3,200 an ounce as we head toward the second half of 2025. It’s all being driven by a positive shift in sentiment for the yellow metal as a powerful hedge against sticky inflation, long-term fiat currency debasement, and rising geopolitical uncertainty.
Investors are positioning for immediate and longer-term gains in the small-cap gold sector with a particular focus on companies with high-grade, district-scale gold projects in favorable Tier-1 mining jurisdictions such as the United States, Canada, and Australia.
The small-cap gold company featured in this Special Report, Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF) is advancing the high-grade Beartrack-Arnett gold project (4.6 Moz Au; pure gold) located in the Tier-1 mining jurisdiction of eastern Idaho, USA. Beartrack-Arnett is regarded as the largest past-producing gold project in the state of Idaho with RVG moving swiftly toward a first-phase production restart with excellent infrastructure in place.
Beyond the current and impressive resource base, the discovery rate at Beartrack-Arnett is robust with the Revival Gold team amassing the second largest discovery of gold in the United States over the last decade. And on top of all that, the project boasts exceptionally low discovery costs of less than US$5 per ounce in the ground. With a second flagship gold property in Utah (“Mercur”) adding even more potential upside, and with the yellow metal setting all-time highs above US$3,200 an ounce, now is an opportune time for speculators to get to know this extraordinarily well-run and well-positioned US-focused gold exploration and development firm.
2025 Gold Bull Market
Gold is continuing to set all-time highs in 2025 above US$3,200 per ounce as sentiment has shifted strongly in favor of the yellow metal in the face of stubborn inflation and heightened geopolitical volatility.
We believe a number of key fundamentals are firmly in play for gold to trek even higher — potentially beyond US$3,500 per ounce — over the near to mid-term.
Among those key drivers is the high level of central bank gold buying we’ve been witnessing of late. In fact, over the last several quarters, central banks have been buying gold bullion at record levels — more than 3X the long-term average.
Factors influencing the stark increase in central bank gold buying include the pressing need to diversify reserves in light of potential sanctions and the risk of foreign exchange reserve seizures.
Looking at China alone, central bank gold purchases have been very strong, in fact, up 30% year-over-year amid growing tensions with the United States coupled with a weakening Chinese economy.
If you’ve been reading the headlines, then you know Russia has been buying gold hand-over-fist in an effort to fund its war machine in Ukraine amidst economic sanctions from the US, and others, targeting its energy sector. The country also recently pegged its currency, the ruble, to gold.
In terms of investor interest, we are finally beginning to see generalists return to the gold sector. For those who closely follow the precious metals space, this has been a long-time coming.
And by generalists, we’re referring mostly to Western investors who’ve all but shunned the yellow metal in favor of other non-traditional asset classes, including Bitcoin, for multiple years in a row now.
With pundits christening Bitcoin as the new “Digital Gold,” it seemed — until very recently that is — highly unlikely we’d get this level of Western-driven impetus in the gold price.
Yet, against most odds, and against virtually all talking heads, it does indeed look as though generalists are beginning to make their way back to the yellow metal as demonstrated by gold’s spirited push beyond US$3,200 per ounce.
It’s worth bearing in mind, as well, that any run to US$3,500 and beyond will not come without a series of intermittent pullbacks. In essence, what we’ll be looking for is for the yellow metal to set a new higher floor, ideally above US$3K an ounce, from which to build off of.
Legendary resource financier, investor, and staunch gold proponent Rick Rule often says:
“The strongest bull markets don’t shoot straight up… they grind higher.”
We wholeheartedly agree.
And what it points to is that those intermittent pullbacks in the gold price should be looked at as a predictable and healthy component of a longer-term bull market for the world’s most sought after precious metal.
With all that being said, and with gold trading above US$3,200 for the first time in history, an opportunity is arising for speculators seeking exposure to the yellow metal, particularly in the small-cap space and, perhaps, most importantly, within ultra-safe mining jurisdictions such as the United States of America.
Enter Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF).
Revival Gold: Key Acquisition Makes RVG One of the Largest Pure Gold Development Firms in USA
Led by president & CEO Hugh Agro — whom you’re about to meet in our exclusive, late-breaking interview coming right up — Revival Gold is one of the most remarkable US-focused junior gold development stories we’ve seen in some time.
With its flagship, 100%-owned Beartrack-Arnett gold project situated in eastern Idaho, the mining address is very favorable as a Tier-1 jurisdiction that’s consistently ranked in the Top-10 in the world for investment in mining by the Fraser Institute.
The state of Idaho itself boasts around 30 million ounces of undeveloped gold, making it one of the best places in North America for gold exploration, development, and production.
Beartrack is regarded as Idaho’s largest past-producing gold mine with “pure gold” mineralization associated with a large, northeast-trending regional structure known as the Panther Creek Shear Zone.
And by pure gold, what we mean is that the paying metals in the ore at Beartrack-Arnett are limited to just gold, which is a favorable and fairly rare occurrence in the industry.
As a past-producer under the Meridian Gold banner, the 5,800-hectare Beartrack-Arnett project boasts excellent infrastructure in place including an ADR plant (gold processing facility), an 11,000 sq ft core facility, solution ponds, hydropower, and a water treatment facility. Plus, the property is situated just 10 miles from the town of Salmon, Idaho, making for an easy drive with roads all the way into the main project area.
With a focus on resource expansion via the drill-bit, Revival Gold has systematically grown the resource at its flagship Beartrack-Arnett gold project in eastern Idaho from:
- An initial ~2 million ounce gold resource in 2018
- to ~3 million ounces in 2020
- to ~4.6 million ounces in 2023-24
- All at a discovery cost of less than US$5 per ounce in the ground
Revival recently increased Measured & Indicated (M&I) Mineral Resources at Beartrack-Arnett to 86.2 million tonnes grading 0.87 grams per tonne (g/t) gold containing 2.42 million ounces of gold (Moz Au) and Inferred Mineral Resources to 50.7 million tonnes grading 1.34 g/t gold containing 2.19 Moz Au.
That mineral resource update brought the combined resource to roughly 4.6 Moz Au across all categories.
Today, with the highly-accretive May 2024 acquisition of privately-held Ensign Minerals Inc. (for ~61 million RVG shares) and the associated Mercur Gold Project, Utah, Revival Gold is sitting on a combined gold resource of ~6.2 Moz Au across all categories — making Revival Gold one of the largest gold development companies in the United States.
Importantly, the Mercur property sits just 560 km south of Revival’s flagship, Idaho-based Beartrack-Arnett gold project (see property map above), making for an ideal setup with potential for heap leach gold production synergies across the two formerly-producing mine sites.
You’ll be hearing a lot more about those synergies in our exclusive interview with Revival Gold president & CEO Hugh Agro coming right up.
Yet, before we get to that, it should be noted that Revival’s 5,800-hectare Beartrack-Arnett property, alone, boasts ~4.6 million ounces of gold across all categories with all of the known deposits remaining open along strike and at depth.
Hence, with the deposits remaining wide open, the Beartrack-Arnett property continues to offer immense exploration upside — well beyond the most recent expansion from 2 Moz Au to 4.6 Moz Au — making it one of the largest undeveloped gold discoveries in the western United States over the past decade.
As a significant past-producer with advanced infrastructure in place, the timeline to pending production should be that much faster.
And to that end, the Revival Gold team has been making steady progress toward an open pit heap leach restart at Beartrack-Arnett bolstered by a recent Preliminary Feasibility Study (PFS), which successfully outlined a low-cost, phased development approach focused initially on the near-surface heap leach mining component.
Much more on that in just a moment.
Looking slightly ahead, and by bringing the 6,255-hectare Mercur gold project into the portfolio, RVG is now looking at:
- A combined open pit heap leach production target (Beartrack-Arnett + Mercur) of 150,000 ounces of gold per year
- Potential to expand to greater than 250,000 ounces of gold per year with the addition of underground material
Mr. Hugh Agro commented on the strategic acquisition of Ensign Minerals and the associated Mercur Gold Project via press release:
“With the addition of Mercur, we expect to shorten our estimated timeline to heap leach gold production while increasing the potential production scale of Revival Gold’s heap leach gold business to approximately 150,000 ounces per year. The combined Mineral Resource will vault Revival Gold ahead to become one of the largest, pure gold, development companies in the United States. We are pleased to be entrusted by Ensign’s shareholders with the future development of Mercur.”
Hugh went on to say,
“The Transaction is a ‘win-win’ outcome for all concerned creating a clear path for Revival Gold to unlock significant value for shareholders by potentially expediting the path to become a mid-tier open pit heap leach gold producer. With Mercur, Revival Gold will obtain a high-quality complementary project at an attractive acquisition price of about US$10 per ounce in situ. Incorporating an asset that brings forward Revival Gold’s potential production date marks a considerable enhancement to the value, risk profile, and upside for the Company.”
The Mercur property hosts a Carlin-type Inferred Mineral Resource of 89.6 million tonnes grading 0.57 g/t gold containing 1.64 Moz of gold.
The property hosts a past-producing gold mine with 2.6 million ounces mined by Getting Oil — and later by Barrick — until low gold prices at the time forced its closure in 1998.
Again, it bears repeating that, combined, Revival Gold will now have 6.2 million ounces of gold across all categories, creating one of the largest, pure gold, development companies in the United States.
And it doesn’t hurt with the yellow metal currently trading at record highs above US$3,200 per ounce.
Further, Mercur’s location on predominantly patented/private claims in a semi-arid zone with existing infrastructure in place is deemed ideal for permitting and is expected to accelerate Revival’s goal of becoming a mid-tier heap leach gold producer via an intelligently-crafted phased development approach.
What it amounts to is the potential for a future hub-and-spoke mining model in the western United States with Revival Gold aiming for near-term production from near-surface resources from both Beartrack-Arnett and Mercur with plans to truck ore from Mercur to the company’s ADR processing plant located at Beartrack-Arnett.
This type of mining model is designed for logistics-based cost efficiencies that should go straight to RVG’s bottom line and which is further supported by a newly-released PEA (Preliminary Economic Assessment) on the Mercur project. More on that in just a second.
Concurrent with the Ensign/Mercur acquisition, RVG completed a private placement resulting in gross proceeds of C$7.16 million. There are also four US$5 million annual payments due to Barrick for the Mercur option, commencing in 2026.
More recently, on 3 March 2025, Revival completed a private placement with Dundee Corp. resulting in gross proceeds of C$3.2 million. Dundee — a well-known and well-respected resource investment firm with strategic investments in majors such as Kinross, Osisko, and IAMGOLD — now holds an approximate 5% stake in Revival.
Mercur PEA
On 31 March 2025, Revival announced results from a PEA (Preliminary Economic Assessment) on the Mercur property.
Here’s the headline: $752 million after-tax NPV and 57% IRR at $3,000/oz gold.
Even at a more conservative $2,175/oz Au, the project still returns a robust $294 million NPV and 27% IRR.
Importantly, Mercur is a low-strip, low-cost, US-based brownfields project with near-term production potential and direct leverage to the price of gold.
Mercur would produce an average of 95,600 ounces of gold per year over a 10-year mine life with all-in sustaining costs of just $1,363/oz Au.
Pre-production capex comes in at a manageable $208M with a payback of under two years at current gold prices.
Mr. Hugh Agro, commented:
“Completion of this PEA highlights the potential economic value of Mercur and more than doubles Revival Gold’s underlying net asset value from gold. Mercur presents a unique opportunity for relatively near-term U.S. gold production from a low-risk, low capital project at a logistically superior domestic mine site. The Project features robust economics including a $294 million after-tax NPV and a compelling 27% after-tax IRR at $2,175 gold increasing to $752 million and 57% at $3,000 gold. Over the course of the next two years, Revival Gold intends to focus on low-risk resource conversion and expansion, additional engineering studies and the completion of Project permitting.”
The PEA was built on nearly 1.4 million gold ounces in resources. Plus, there's additional blue-sky upside from known targets such as West Dip and Porphyry Ridge.
The RVG team has also received positive metallurgy test results from Mercur: Gold extraction rates came in at 85%, 85%, 74%, 92%, and 82% across five column leach tests, demonstrating that Mercur host rocks are amenable to cyanide leaching for the recovery of gold.
Flagship Beartrack-Arnett Gold Project: A Closer Look
Revival Gold has completed a Preliminary Feasibility Study (PFS) on the potential 1st phase restart of open pit heap leach operations at Beartrack-Arnett.
The study envisions a high return project: 24.3% after-tax NPV (5%) at US$1,800/oz gold. And, of course, as we noted earlier, gold is now trading about 60% higher than where the study was conducted.
Another key point to understand is that Revival’s 4.6 Moz Au Beartrack-Arnett gold project in eastern Idaho is both an exploration and development play.
Vast Exploration Upside
On the exploration side, we’re talking about a 5.6-km-long shear zone with consistent drilling success across the entire strike length wherein RVG has more than doubled the size of the resource — from 2 Moz Au to 4.6 Moz Au — since 2018.
Focusing on the left side of the above schematic, the Joss and South Pit zones combine for approximately 2 km of trend wherein Revival has consistently hit intervals of over 5 g/t gold.
The South Pit Zone is part of an open pit whereas the Joss Zone is more of an underground development target.
With the main deposits remaining open along strike and at depth, the exploration upside continues to be robust at Beartrack-Arnett.
Drilling to-date has ranged from roughly 400 to 600 meters depth with the deposits showing potential for deeper mineralization up to a depth of 2-km-plus, which is typical of these orogenic (hydrothermal) gold systems.
At the Joss Zone, the RVG team has drilled a number of exceptionally high-grade gold intercepts, highlighted by:
- Over 1km of strike; open at depth and to the north and south.
- 20 drill holes with an average grade of just under 3 g/t Au (over 45 meters drilled width) and, within that, a confirmed mineralized core at just under 8 g/t Au (over 5 to 6 meters of drilled width).
- Deeper drilling (in 2022) to approximately 200 meters below the block model intersected 10 g/t Au over 11 meters, plus another 6 g/t Au over 12 meters, all within 115 meters of 3.5 g/t Au.
Results to-date show not only the high-grade nature of the deposit but also the potential for the Joss Zone to host additional high-grade Au mineralization at depth to be targeted in future drill rounds for resource expansion.
And speaking of growing the resource, on 21 February 2024, Revival Gold increased its land position to the south of the Joss Zone (situated at the south end of the Beartrack-Arnett project area) with the addition of 57 lode mining claims spanning 476 hectares.
Importantly, the newly-added claims encompass the Panther Creek-Coiner Fault System, which extends ~5 km south of Joss and is being evaluated by the RVG team as a braided fault system typical of the structures that host many orogenic gold deposits around the world.
Chief among the newly-defined targets is the Sharkey target, which is located within the Panther Creek Structural Corridor approximately 2 km south of the existing underground mineralization in the Joss target area (see below).
The Revival Gold team believes the Sharkey target could host similar, or perhaps even greater tonnage and grade to what has been discovered to-date at Joss.
An additional program of field mapping and scout drilling is being prepared to further evaluate the Panther Creek-Coiner Structural Corridor (including the Sharkey target) south of Joss.
Revival Gold CEO Hugh Agro commented on the property expansion via press release:
“Revival Gold’s recent work analyzing and modeling geophysical and geological data from the south end of Beartrack-Arnett has sharpened our exploration team’s focus on the Panther Creek-Coiner Fault braided fault system. The Sharkey target has emerged as a high-value under-cover target with tonnage and grade potential equivalent to, and perhaps greater than, what we have at Joss. Sharkey lies within Revival Gold’s approved Plan of Operations permit for drilling at Beartrack-Arnett and represents a high-priority target for follow-up exploration this season.”
In July 2024, Revival announced the completion of a 42-line-km IP ground geophysical survey south of the high-grade and high-priority Joss Zone, which includes the aforementioned Sharkey target.
Additionally, the company completed a 47-line-km magnetics ground geophysical survey over the Ridge and Shenon Gulch targets in the Arnett area to help define potential structural controls on mineralization in the area.
Data processing and interpretation of those two surveys is underway.
Near-Term Development
On the development side, the RVG team is deploying a strategic, multi-phase approach with a focus on creating a low-cost production profile starting with near-surface ore:
1st phase: Planned restart of open pit heap leach gold production (7-9 year mine life) at the Haidee Zone; modest capex of roughly C$100M (from 2020 PEA) utilizing existing infrastructure with projected target production of 60,000 to 70,000 ounces of gold per annum.
Note: Those production targets have since been increased to ~150 Koz Au per annum with the addition of the newly-acquired Mercur gold project in Utah.
2nd phase: Ramping up to greater than 200,000 ounces of gold per annum.
Here, RVG is currently advancing conceptual plans for a potential 2nd phase underground operation by completing further metallurgical testing and demonstrating gold recoveries of ~93% to concentrate from a composite of high-grade sulphide material in the underground resource.
And speaking of the Haidee Zone and the pending 1st phase heap leach restart, the RVG team has completed a total of 18 core holes for 3,350 meters of exploration drilling focused on near-surface oxide gold opportunities in the broader Haidee area.
Results from that program included 3.93 g/t gold over 20.6 meters in a potential feeder structure on the western flank of Haidee.
Clearly, there are a lot of exciting developments in-play for RVG in 2025 and beyond.
Led by a highly-adept team of professional geologists and mining engineers, Revival Gold continues discover high-grade gold via the drill-bit — all at a finding cost of less than US$5 per ounce in the ground — with potential for expanding the NI 43-101-compliant resource well beyond the current 4.6 million ounces (M&I plus Inferred) in the next drill rounds.
We talked at length about the acquisition of Ensign Minerals and the associated 1.64 Moz Au Mercur gold project. That highly-accretive acquisition is now setting the stage for a potential future cost-efficient hub-and-spoke mining model for RVG in the western United States.
We also introduced you to Revival Gold president & CEO Hugh Agro… and it is now time to hear from the man himself.
Exclusive Interview with Revival Gold
President & CEO Hugh Agro
Led by president & CEO Hugh Agro, B.Sc., MBA, P.Eng., Revival Gold boasts a highly-experienced management and technical team with a long history of mining success in the North American precious metals sector.
Hugh is a former executive with majors Kinross and Placer Dome, so, needless to say, he knows his way around a precious metals deposit.
Hugh is joined by VP Engineering & Development John Meyer, B.Sc., P.Eng., who boasts 30-plus years in the industry having served in senior and international project management positions, leading multi-disciplinary teams with gold majors including Barrick and Kinross.
General manager Pete Blakeley, B.Sc., again with 30-plus years in the industry, spent ten years with Meridian Beartrack Co., most recently as site manager at the Beartrack gold project, and knows Beartrack-Arnett perhaps better than anyone on the planet.
The RVG geological team is rounded out by industry veteran and chief geologist Dan Pace, B.Sc., M.Sc., a proven exploration leader and data-oriented geologist with a wide breadth of technical experience and a 15-year track record of project generation and ore deposit discovery.
You can learn more about the full Revival Gold team here.
Now, as promised, our own Gerardo Del Real of Resource Stock Digest and Junior Resource Monthly caught up with Revival Gold president & CEO Mr. Hugh Agro to discuss the numerous catalysts lining up for Revival Gold in 2025.
Please enjoy our exclusive interview.
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president & CEO of one of the more compelling gold speculations in the entire resource space. I'm happy to have Mr. Hugh Agro from Revival Gold (TSX-V: RVG)(OTC: RVLGF) with me today. Hugh, how are you?
Hugh Agro: It’s good to be with you Gerardo, and happy to hear you pronouncing your name with the right tone to it. Great to be with you.
Gerardo Del Real: Every now and then, I open the door to my Anglo friends to give it a try. Listen, let's get right into it. I couldn't be more excited. We have gold at US$3,100/oz. You recently put out a PEA on your Mercur project; a project, by the way, that’s in Utah, USA. It has an expedited timeline for permitting. It's a brownfields site.
At US$3,000/oz gold, that project alone — and I'm excluding Beartrack-Arnett, which I love — but Mercur alone has an NPV at today's gold prices of just shy of US$800 million at a 57% internal rate of return.
And here you are trading at about one-tenth of that. You've had a good run the last couple of days. I sent a note out to subscribers yesterday basically saying that this one is simple and it’s easy: buy it and sell it for more later on. Can you talk to me about that PEA and then the upside because I get really excited about the upside.
Hugh Agro: It is simple. It’s straightforward. And it's really exciting to have these results out for your audience. Gerardo, step back about a year, and you’ll remember that we purchased the Mercur project through the purchase of a private company — a little-known private company that did all of this legwork putting the property position together.
We came along and were able to fund the effort to complete metallurgical test work, do the engineering, and remodel the geology. And the output in a US$3,100/oz gold price environment, as you described, is pretty spectacular.
We’re talking almost a hundred thousand ounces a year of potential gold production over a 10-year mine life at US$1,360 AISC costs, which is very competitive relative to our peers — all for a capital cost of about US$208 million. And again, very competitive relative to our peers sitting at about US$220 an ounce of gold production.
This is a really exciting result. And what makes it even more exciting is that our team has been able to come up with a permitting timeline that sits at just two years because of the fact that we're on private ground and because of the fact that we have the infrastructure to benefit the project.
Again, a really exciting result. It all sums up to that US$750 million NPV at US$3,000/oz gold and that 57% after-tax IRR you were talking about.
Gerardo Del Real: I couldn't be more impressed with the numbers. We're sitting at US$3,160/oz gold. It looks like with the fiscal, monetary, and geopolitical volatility that we have going on that gold is indeed the safe haven of choice. I'll speculate and I'll guess — and I'm doing it with my wallet — that gold is going a lot higher. The leverage here is phenomenal.
I would be not doing my audience a service and a courtesy if I didn't ask about the Beartrack-Arnett project. That project, on its own, in my mind, is worth a whole heck of a lot more than the entire market cap of Revival Gold as it stands. And that's excluding the US$752 million NPV on Mercur.
Can we speak to Beartrack-Arnett here in a bit? But first, tell me more about the upside at Mercur as it relates to expanding that resource.
Hugh Agro: This is a Carlin-type system. These are the big gold systems that the majors own in Nevada and that are so valuable to those companies. They lead to discoveries like Fourmile and Cortez… these high-grade discoveries at depth.
What we know about the Mercur system in particular with 2.6 million ounces of historical production is that it also produces high grades. Almost a million of those ounces were at 7 grams per tonne gold.
We haven't yet pursued the high-grade potential of this deposit. We are focused on open pit heap leach material within 150 meters, call it, 500 feet of surface… so very close to surface and very straightforward to mine and relatively low-risk.
Our geologists are itching to get back out there to do more drilling and to continue to increase the scale of this project. It's a rare find. These kinds of deposits do not generally sit in the hands of a junior for very long. They tend to be very prolific, and we're really excited about the ongoing potential.
Gerardo Del Real: Well, listen, I know that Dundee Corporation recently took a strategic stake in Revival. I think their timing was excellent, and I think they're looking pretty brilliant right now.
I'm going to assume that mid-tiers are all over you right now. And I know you likely can't comment too much on specifics. But can you talk a bit about the interest and the calls that you're getting and the traffic relative to how it was a year ago? What a difference a year makes.
Hugh Agro: A year does make a difference. I think what we're seeing is a lot more confidence out of the intermediates and the senior gold companies. They're just making a ton of cash flow here, somewhere between 6% and 14% free cash flow generating from the majors and the intermediates in the last numbers I've seen. They're feeling very confident. They’re active, and we invite the interest.
We're happy to have smart geological teams diving into our data. We're busy populating our data data room with all of the details from the PFS out of Mercur. That'll take place over the next month or month and a half. And we'll continue to entertain interest in the project from both corporate and financial partners as we think about next steps for Revival Gold.
You did bring up Beartrack-Arnett. I want to mention that it very much is part of our business going forward. If you aggregate up the NAV on that project's first phase heap leach project with what we have now from Mercur, we're talking about a half a billion dollars worth of NPV at a more modest US$2,175/oz gold price.
It increases from that half a billion dollars to US$1.2 billion at $3,000 gold. So talk about leverage, talk about ounce exposure. And these are pure gold ounces; it’s not a gold equivalent situation. And it’s all in the domestic United States in a good western location.
We have a ton of leverage here, and not just from exploration at Mercur but also from exploration at our Beartrack-Arnett project, which represents our founding asset in Idaho. But from this gold price pickup, and the exposure that we offer in current mine plans under PFS and PEA in the market now.
Gerardo Del Real: We've waited a long time for this gold bull market. I've personally known you, Hugh, for over a decade. And I've been waiting for you to have the kind of market that we have now for you to do what you do best, which is monetize assets, add value, and negotiate.
You’re able to do that with the best of them. You and the team obviously have done this before with your background. I'm excited for the company moving forward. I can't wait to see what the rest of 2025 brings. Anything you’d like to add to that, Hugh?
Hugh Agro: We're appreciative of the support and the enthusiasm. And boy, timing is everything here. I think we've done the legwork. We have a lot more work to do; no question about that. But we're starting to see that show up in our share price. And ultimately, that's what we're here for — our investors.
Gerardo Del Real: Hugh, thank you for your time. I look forward to doing it again. We’ll chat soon.
Hugh Agro: Thank you, Gerardo.
The Revival Gold Opportunity
Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF) is advancing the flaghsip, high-grade Beartrack-Arnett gold project (4.6 Moz Au; pure gold) located in the Tier-1 mining jurisdiction of eastern Idaho, USA.
The 100%-owned project is regarded as the largest past-producing gold project in the state of Idaho with the company moving swiftly toward a first-phase heap leach production restart via a phased approach.
Beyond the current and impressive resource base, the discovery rate at Beartrack-Arnett is robust with the RVG team amassing the second largest discovery of gold in the United States over the last decade.
And as discussed, the project boasts exceptionally low discovery costs of less than US$5 per gold ounce in the ground.
Revival is concurrently advancing its PEA-stage Mercur gold project in Utah, bringing the combined resource between the two projects to ~6.2 Moz Au across all categories and making Revival Gold one of the largest pure gold development companies in the United States.
You heard directly from Revival Gold CEO Hugh Agro. He says:
“What we know about the Mercur system in particular with 2.6 million ounces of historical production is that it also produces high grades. Almost a million of those ounces were at 7 grams per tonne gold … Our geologists are itching to get back out there to do more drilling and to continue to increase the scale of this project. It's a rare find. These kinds of deposits do not generally sit in the hands of a junior for very long. They tend to be very prolific, and we're really excited about the ongoing potential.”
With the yellow metal currently setting a series of all-time highs above US$3,200/oz, there’s little doubt that larger players in the North American gold mining space are keeping a close eye on RVG’s accelerated progress at both Beartrack-Arnett and Mercur and the potential synergies therein.
It’s the type of multi-project, district-scale, Tier-1-hosted brownfields operation that could have implications across the broader precious metals mining sector as firms seek to reignite other high-grade, past-producing pure gold (and polymetallic precious metals) mines across North America and globally in the current $3K+ per ounce gold market.
Revival Gold is well-structured with less than 260 million shares outstanding on a fully-diluted basis.
The company is also well-funded to complete its near-term objectives having recently raised more than C$10 million via multiple private placements.
Revival Gold is also well-owned by financial institutions, including some of the top gold investment firms in the space at 48% of outstanding shares; RVG management and board own an additional ~15% of outstanding shares.
Again, with gold trading above US$3,200 per ounce for the first time ever, now is an excellent time to begin conducting your own due diligence on Revival Gold Inc. — symbol RVG on the Toronto Venture Exchange and symbol RVLGF on the US-OTCQX Bulletin Board Exchange.
A great place to start is Revival Gold’s corporate website.
There, you can sign up to receive updates directly from the company, view the most recent Corporate Presentation and much more.
Be sure to also follow our ongoing coverage and our exclusive interviews with upper management here.
— Resource Stock Digest Research
Click here to see more from Revival Gold Inc.IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Revival Gold Inc. has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Resource Stock Digest nor any employee of Resource Stock Digest is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Revival Gold Inc. and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Revival Gold Inc.. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.