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Revival Gold to Acquire Barrick’s Full Stake in Mercur Gold Project
Revival Gold moves to fully control the Utah gold project by exercising its option to buy Barrick’s interest.
Revival Gold exercised its option to acquire 100% of Barrick’s interest in the Mercur Gold Project in Utah.
The deal includes staged payments totaling US$20M and a 2% net smelter return royalty to Barrick.
A recent Preliminary Economic Assessment (PEA) projects ~95,600 oz of gold/year over 10 years with NPV ~US$294M (at US$2,175 gold).
Taking full control of Mercur strengthens Revival’s asset base and could accelerate permitting and development, spotlighting mid-tier gold juniors as majors optimize portfolios amid strong metals markets.
#Mercur #RevivalGold #Barrick #MiningDeals #ASX $PAXG $XAU
Revival Gold moves to fully control the Utah gold project by exercising its option to buy Barrick’s interest.
Revival Gold exercised its option to acquire 100% of Barrick’s interest in the Mercur Gold Project in Utah.
The deal includes staged payments totaling US$20M and a 2% net smelter return royalty to Barrick.
A recent Preliminary Economic Assessment (PEA) projects ~95,600 oz of gold/year over 10 years with NPV ~US$294M (at US$2,175 gold).
Taking full control of Mercur strengthens Revival’s asset base and could accelerate permitting and development, spotlighting mid-tier gold juniors as majors optimize portfolios amid strong metals markets.
#Mercur #RevivalGold #Barrick #MiningDeals #ASX $PAXG $XAU
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