What does Viva Gold Corp. mine?

Viva Gold Corp. is focused on Gold.

What is the economic value of Viva Gold Corp.'s Tonopah Gold Project?

According to its PEA, Tonopah Gold Project has an after-tax NPV of $112M and an IRR of 17.6%.

What exchange is Viva Gold Corp. listed on?

Viva Gold Corp. trades under the ticker VAU.V on the TSX Venture Exchange (TSXV).

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Viva Gold Corp.

VAU.VSmall CapGold

Price History

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About Viva Gold Corp.

Viva Gold Corp. (VAU.V) is a gold mining company listed on the TSX Venture Exchange (TSXV). Our project database tracks 1 project for Viva Gold Corp. with technical and economic data extracted from company filings. Its flagship Tonopah Gold Project (PEA) carries an after-tax NPV of $112M and an IRR of 17.6% over a 7-year mine life.

Viva Gold Corp. is exploring the Tonopah project in Nevada's historic mining district, known for significant silver and gold production over more than a century. The company is conducting exploration to identify and develop economic mineralization at this prospective property.

Primary Commodities

Gold

Project Economics

Tonopah Gold Project

Gold· United States, Nevada (Walker Lane trend)· Development

PEA

Aug 2025

NPV (After-Tax) @ 5%$112M

IRR (After-Tax)17.6%

Initial Capex$220M

Payback3.6 yrs

AISC1,269 USD/oz

Mine Life7 yrs

Annual Production50 koz Au

Head GradeMill feed 1.75 g/t Au; heap leach feed 0.37 g/t Au

Recovery75%

Mine TypeOpen-pit

Strip Ratio3.9 : 1

Ownership100%

Contained Metal504,000 oz Au (M&I)

Mineral Resources: Measured + Indicated: 26,690 kt at 0.59 g/t Au, 2.05 g/t Ag for 504,000 oz Au and 1,762,000 oz Ag; Inferred: 6,905 kt at 0.37 g/t Au, 1.81 g/t Ag for 83,000 oz Au and 402,000 oz Ag
Royalties / Streams: 2% NSR on 184 of 546 claims; NSR 1% buy-down for US$1.0M; no JV partner

Source: Company presentation

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Tonopah Gold Project

4 studies on record

PEA

Aug 2025

$112M

IRR 17.6% · Capex $220M

PEA

Aug 2025

IRR 17.6% · Capex $220M

PEA

Aug 2025

$112M

IRR 17.6% · Capex $220M

PEA

Aug 2025

$112M

IRR 17.6% · Capex $220M

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Frequently Asked Questions

What does Viva Gold Corp. mine?: Viva Gold Corp. is focused on Gold.
What is the economic value of Viva Gold Corp.'s Tonopah Gold Project?: According to its PEA, Tonopah Gold Project has an after-tax NPV of $112M and an IRR of 17.6%.
What exchange is Viva Gold Corp. listed on?: Viva Gold Corp. trades under the ticker VAU.V on the TSX Venture Exchange (TSXV).

Project Analysis

ANALYSISGOLDPEA

Tonopah Gold Project PEA: $112M NPV, 17.6% IRR

Viva Gold Corp.'s Tonopah Gold Project in United States, Nevada (Walker Lane trend) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $112M, an after-tax IRR of 17.6%, and initial capital of $220M. The mine plan runs 7 years at about 50 koz Au per year.

Viva Gold Corp.Jul 3, 2026

Press Releases

PRESS RELEASE

Viva Gold advances Nevada gold project toward PFS

Viva Gold Corp CEO Jim Hesketh joined Steve Darling from Proactive at the company’s OTC studio in New York City to talk about the company’s advancing Tonopah gold project in Nevada and the latest progress toward a pre-feasibility study. Hesketh outlined the company’s strategy to optimize the project while expanding confidence in its mineral resource base. Hesketh explained that Viva Gold recently completed a 19-hole infill drilling program focused on expanding shallow high-grade zones that are expected to support the early stages of mining. He noted that the work is designed to convert inferred resources into measured and indicated categories ahead of the company’s upcoming pre-feasibility study. The CEO highlighted the strategic location of the Tonopah project within a well-established mining district in Nevada. Hesketh said, “We’re right smack in the middle of hardcore mining country,” referencing nearby operations and developments from Kinross, Centerra Gold and Anglo American. The discussion also covered ongoing metallurgical, geotechnical and hydrologic work aimed at improving pit slope angles and strengthening project economics compared to the preliminary economic assessment completed last year. Viva Gold expects to complete the pre-feasibility study later this year before moving directly into the permitting process. Hesketh added that the permitting process is expected to take roughly a year, potentially positioning the company to evaluate construction decisions by the end of next year. #proactiveinvestors #tsxv #vau #otcqb #vaucf #mining #TonopahProject #NevadaMining #GoldExploration #PreFeasibilityStudy #GoldMining #InfillDrilling #HighGradeGold #MineralResources #MiningDevelopment #ResourceExpansion #ProjectEconomics #Permitting #JuniorMining #ExplorationUpdate

Yahoo Finance5/21/2026

Quick Facts

Ticker Symbol: VAU.V
Market Cap: Small Cap
Category: Gold
Commodities: Gold

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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