Revival Gold Further Consolidates Land Position at Mercur Gold Project, Utah
Revival completes land consolidation at the Mercur project, clearing administrative hurdles ahead of the 2027 preliminary feasibility study.
Revival Gold Inc. has completed the exercise of previously disclosed options to acquire private property interests from Geyser Marion Gold Mining Company and Sacramento Gold Mining Company. This acquisition places the entire Mercur Gold Project land position under single-company ownership for the first time, securing 157 patented mining claims, 257 fee lots, and 19 additional patented claims.
In addition to the acquired interests, the company secured two peripheral 10-year mineral leases totaling 425 hectares through a Utah State auction. The terms include an upfront cost of US$54,700 and annual payments of approximately US$3,150, with no royalties retained by the sellers on the acquired interests.
The consolidation of these assets supports the company's targeted completion of a pre-feasibility study near the end of Q1 2027 and a potential return to gold production as early as 2029.
Revival Gold Inc. (RVG) has completed the full consolidation of its Mercur land package, a milestone explicitly outlined in previous development plans and a stated objective since the initial Barrick acquisition in April 2026. The transaction removes fractional ownership complexities and secures peripheral leases, reducing long-term administrative overhead and supporting the engineering and permitting workstreams required for the Preliminary Feasibility Study (PFS).
The financial consideration for the deal is immaterial relative to the company's cash position and overall project economics. The terms are consistent with prior option exercises and do not introduce new royalty burdens or deferred payment structures that would impact future cash flows. The announcement aligns with the company's communicated timeline and does not alter the PFS release window, permitting strategy, or production targets, serving as an expected follow-up to the broader land consolidation efforts announced throughout 2026.
Revival Gold Inc. is a Canadian gold exploration and development company focused on advancing two primary assets in the Western United States: the Mercur Gold Project in Utah and the Beartrack-Arnett Project in Idaho. The flagship Mercur project is a past-producing Carlin-style gold system with approximately 2.6 million ounces of historical production. The company aims to restart production via a conventional crushed ore heap leach operation.
A March 2025 Preliminary Economic Assessment (PEA) for Mercur outlined a 10-year mine life producing an average of 95,600 ounces of gold per year, with an after-tax NPV of US$752 million at a gold price of US$3,000/oz and an all-in sustaining cost (AISC) of US$1,363/oz.
The Beartrack-Arnett project is a heap leach restart operation with high-grade underground potential at the Joss target, which hosts an inferred resource of 6.75 million tonnes grading 4.05 g/t Au. The company's development roadmap targets a PFS release in Q1 2027, a construction decision in 2028, and first gold production in 2029.