Revival Gold has solidified its position as the sole owner of the Mercur gold project in Utah by exercising its option to acquire Barrick Mining’s remaining interest. This pivotal transaction, executed under the terms of a 2021 mineral lease and option agreement, grants Revival Gold full control over an additional 996 hectares of mineral interests.
The move effectively consolidates the company's command over the entire asset and expands the total project area to roughly 7,200 hectares, removing any shared ownership complexities and providing a unified path forward for the project's development.
This strategic consolidation follows the company's recent completion of a promising preliminary economic assessment (PEA) in mid-2025, which outlines a robust economic case for restarting production.
The PEA forecasts average annual production of approximately 95,600 ounces of gold over a 10-year mine life. Financially, the project demonstrates an after-tax net present value of $294 million, calculated using a 5% discount rate and a gold price of $2,175 per ounce.
With full ownership now secured, Revival Gold is positioned to advance the Mercur project with streamlined decision-making as it works toward translating this potential into renewed production.
This transaction is part of a transformative year for Revival Gold, which also secured C$34 million in strategic equity financing in 2025 from investors including Dundee Corporation and EMR Capital to fund its growth. Read more...
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