Viva Gold Business Summary

Viva Gold Corp. (VAUCF) is a gold exploration and project development company that generates value through the systematic advancement of its 100%-owned Tonopah Gold Project, located on the prolific Walker Lane Trend in Nevada. The company does not currently generate operational revenue; instead, its business model focuses on de-risking high-grade mineral assets through technical studies, resource expansion, and permitting to achieve a value-accretive re-rating or transition into production. As of early 2026, the company is progressing through a comprehensive Pre-Feasibility Study (PFS) for an open-pit, heap-leach operation. Viva Gold operates within a competitive landscape of Nevada-focused developers, including direct peers such as Austin Gold Corp., Nevada Canyon Gold Corp., and Novo Resources Corp. It distinguishes itself through a high-confidence resource base—with approximately 86% of its gold ounces in the Measured and Indicated categories—and its proximity to major infrastructure and Kinross Gold’s Round Mountain mine. The company is led by President and CEO James Hesketh, a 40-year mining veteran who has overseen the development and construction of eight mines globally and holds advanced degrees from the Colorado School of Mines. The executive team is supported by CFO Steven Krause, a Chartered Professional Accountant with extensive experience in mineral development finance. Viva’s Board of Directors features significant technical and operational pedigree, including Chairman Christopher Herald (CEO of Solitario Zinc), Andrew Bolland (former Director of Operations for Barrick Gold North America), and Edward Mahoney (former Chief Geologist at Kinross’s Round Mountain). The company maintains strong institutional backing from notable investors including RAB Capital and Dundee Corporation, which provide the capital necessary to fund its ongoing feasibility and permitting initiatives.