Revival Gold Update on its Earn-in Restructure for Beartrack

Mining Stock Daily

Revival Gold has announced a restructuring agreement with Pan American Silver for their Beartrack project in Idaho. The agreement converts a payment due in three years into a 0.3% NSR on the Beartrack property interest, providing a more solid foundation for Revival Gold to continue building their business. The restructuring eliminates the burden of a large payment before production and opens up exploration potential on the project. Revival Gold is also progressing with the Mercur project in Utah, which is similar to Beartrack-Arnett and has existing infrastructure for quicker production. The company has a total of 6.2 million ounces of resources in two development projects in the western United States.