Viva Gold Corp.
Viva Gold Corp. holds a 100% interest in the Tonopah Gold Project, 508 unpatented mineral claims covering roughly 4,092 hectares in the Walker Lane trend of western Nevada. An updated mineral resource estimate and preliminary economic assessment prepared by WSP Canada and Kappes, Cassiday Associates, announced 7 July 2025 and filed with an effective date of 20 August 2025, reports 504,000 ounces of gold at 0.59 g/t and 1.8 million ounces of silver at 2.05 g/t in the Measured and Indicated categories, plus 83,000 ounces of gold and 402,000 ounces of silver Inferred. On a US$2,400 per ounce gold base case the study returns an after-tax NPV at a 5% discount rate of US$111.6 million and an after-tax IRR of 17.6%, over a seven-year mine life with residual leach production in year eight, at cash costs of US$1,164 per ounce and all-in sustaining costs of US$1,269 per ounce. Pre-production capital is estimated at US$219.9 million plus US$22.2 million of working capital. The study's US$3,200 per ounce sensitivity case lifts NPV to US$363.6 million and IRR to 43.4%; that is a sensitivity, not the base case.
Notable vs. Peers
- Trading within 3% of its 52-week high — strong recent price momentum.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Chief Executive Officer and Director of Viva Gold Corp. 40-year mining industry veteran who has led the development and construction of eight mines globally, including over 12 years in public company CEO roles. Appointed May 2017.
Chief Financial Officer of Viva Gold Corp. Chartered Professional Accountant who has served as CFO of various exploration and development stage mining companies. Holds a Bachelor of Business Administration from Trinity Western University and is a registered CPA in the state of Illinois.
Chairman of Viva Gold Corp. Currently also President, CEO and Director of Solitario Zinc Corp.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Dundee Corporation, a well-known Canadian resource-sector merchant bank, made a real cash purchase of the company's stock in a December 2025 placement and is on record as a 10%-plus shareholder. Separately, RAB Capital Holdings has been a net seller on the open market in recent months. A director made one small clean purchase in the same window.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Tonopah updated MRE (announced 7 July 2025, filed effective 20 August 2025, WSP Canada / Kappes Cassiday): Measured and Indicated 504,000 oz Au @ 0.59 g/t and 1.8 Moz Ag @ 2.05 g/t -- the gold M&I figure is written to ouncesFound per this database's convention. Recorded here only, not summed in: Inferred 83,000 oz Au @ 0.37 g/t and 402,000 oz Ag @ 1.81 g/t. Pre-production capital US$219.9M plus US$22.2M working capital, and cash costs of US$1,164/oz, are context with no dedicated column in this schema.