Revival Gold Inc
Revival Gold is advancing the past-producing Beartrack-Arnett gold project in Idaho, where a 2023 PFS outlined an 8-year, 65,000 oz/yr heap-leach restart with a US$230M after-tax NPV5% and 43% IRR at US$2,175/oz gold. The company reported high-grade underground drill results in 2026 (e.g. 14.9 g/t Au over 5.9m at Joss) and is simultaneously advancing its Mercur project in Utah toward a targeted 2027 PFS, positioning both as potential US gold mine restarts by 2028-2029.
Lifecycle Milestones
Not in place: tailings facility.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 24.3%Beartrack-Arnett
- 26.5%Mercur
- 8 yrsBeartrack-Arnett
- 10 yrsMercur
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Idaho and Utah are top-tier US mining jurisdictions with stable permitting regimes and rule of law.
Infrastructure (40%)8.6/10
A confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at Beartrack-Arnett.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Continental (Butte) (Montana Resources, LLP), 150 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:1.7/10
Nearest producing mine: Continental (Butte) (Montana Resources, LLP), 150 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:8/10
Stage: Pre-Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Founder, President and CEO of Revival Gold Inc. Co-founded Carbon Arc Capital Investments; previously EVP Strategic Development at Kinross Gold, with earlier senior roles at Placer Dome and Deutsche Bank's Global Metals & Mining Group. Mining engineering degree from Queen's University; MBA from UBC/London Business School.
EVP Engineering & Development at Revival Gold Inc. 30 years in mine permitting, development and engineering including Stibnite (Idaho) and Fruta del Norte (Ecuador); senior roles at Barrick Gold and Kinross Gold, former VP Development at Perpetua Resources. Civil engineering and geophysics degrees, University of Western Ontario.
EVP and CFO of Revival Gold Inc. CPA, CA with 20 years of financial accounting and treasury experience in gold mining; Director of Finance at Kirkland Lake Gold through its NYSE listing, and Corporate Controller at Banro Corp for 9 years in the DRC.
General Manager, Mercur Project at Revival Gold Inc. 30+ years of international precious metals mining experience; Project Manager at Rio Tinto Kennecott, construction management at Continental Gold's Buritica, Commissioning Manager at OceanaGold's Haile mine, and Project Manager at Alamos Gold's Mulatos mine.
General Manager, Beartrack-Arnett Project at Revival Gold Inc. 30+ years of Idaho mining experience, including 10 years as Site Manager for Meridian Beartrack Co.'s Beartrack Gold Project; earlier roles at Andean Resources, Rio Tinto, Phelps Dodge and Glamis Gold.
Chief Geologist of Revival Gold Inc. Economic geologist with a 15-year discovery track record; recently Principal Geologist at Electra Battery Metals, VP Exploration at Orogen Royalties, and Exploration Manager at Renaissance Gold (Silicon gold deposit, later acquired by AngloGold Ashanti). Recipient of the 2026 PDAC Thayer Lindsley Award.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Revival Gold's largest outside backers are EMR Capital, a dedicated mining private-equity fund, and Dundee Corporation, both of which made real cash strategic investments in a July 2025 financing. The CEO bought shares on the open market repeatedly in the months around that raise.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Revival Gold is advancing two past-producing gold projects in the US: Beartrack-Arnett in Idaho and Mercur in Utah, where it completed the purchase of Barrick's remaining interest in April 2026. Measured and indicated resources across the two total 3,169,000 oz of gold (547,000 oz measured and 2,622,000 oz indicated) plus 2,816,000 oz inferred, including an inferred underground resource of 877,000 oz at 4.05 g/t in the Joss area at Beartrack. The June 2023 pre-feasibility study for a Beartrack-Arnett heap-leach restart shows an after-tax NPV5% of US$105M and a 24.3% IRR at US$1,800/oz gold over an 8-year mine life averaging about 65,300 oz a year. Mercur has a 2025 preliminary economic assessment, infill drilling there finished in September 2026 ahead of a pre-feasibility study targeted for the end of the first quarter of 2027, and the company is targeting a Mercur construction decision in 2028.
Revival Gold's Pre-Feasibility Study for the past-producing Beartrack-Arnett open-pit heap-leach gold project, Idaho (results announced 11 Jul 2023, NI 43-101 technical report filed 3 Aug 2023): Measured+Indicated Mineral Resource of 86.2 Mt at 0.87 g/t gold for 2.42 Moz, plus 50.7 Mt at 1.34 g/t Inferred for 2.19 Moz. Base-case after-tax NPV5% of US$105M and IRR of 24.3% at $1,800/oz gold (rising to US$138M/29.5% at $1,900/oz, and to US$230M/43% in a separately-disclosed $2,175/oz sensitivity). 8-year mine life, average 65,300 oz/yr gold production, AISC US$1,235/oz. All figures already stated in USD (US-based asset, no currency conversion applied).