Revival Gold Announces Promising PEA Results for Mercur Gold Project

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Revival Gold Announces Promising PEA Results for Mercur Gold Project

The latest announcement is out from Revival Gold ( (TSE:RVG) ).

Revival Gold Inc. has announced promising results from a Preliminary Economic Assessment (PEA) for its Mercur Gold Project in Utah, USA. The assessment highlights the project’s potential for a fast-track redevelopment due to favorable mineral tenure and existing infrastructure, with an expected permitting timeline of two years. The PEA outlines a life-of-mine production of 65.6 million tonnes of mineralized material, generating an average of 95,600 ounces of gold per year over a 10-year mine life. The project boasts robust economics, with an after-tax NPV of $294 million and a 27% IRR at a gold price of $2,175 per ounce, which could increase significantly with higher gold prices. Revival Gold plans to focus on resource conversion, engineering studies, and project permitting over the next two years, leveraging the site’s historical data and logistical advantages.

More about Revival Gold

Revival Gold Inc. is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in advancing its portfolio of gold assets in North America, with a particular emphasis on projects that offer potential for near-term production and low capital requirements.

YTD Price Performance: 27.09%

Average Trading Volume: 175,953

Technical Sentiment Signal: Sell

Current Market Cap: $53.33M

See more data about RVG stock on TipRanks’ Stock Analysis page.

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