RVG (TSX-V: RVG) · RVLGF (OTCQX: RVLGF)
Recorded on October 9, 2025. #Millettian
Today Andy Millette speaks with Hugh Agro, President & CEO of Revival Gold—a U.S.-focused gold developer advancing the Mercur Gold Project (Utah) and the Beartrack-Arnett Project (Idaho). We cover the macro tailwind for gold, aggressive drill programs (four rigs running), early metallurgical indicators, and the catalyst path to a 2026 construction decision at Mercur.
What we discuss
- Macro: $4,000/oz gold backdrop; Goldman’s $4,900 by end-2026 forecast; rising Asian equity appetite and ETF inflows.
- Mercur (Utah): First batch of results (10 holes) shows average intercept grade of ~0.63 g/t vs ~0.60 g/t pay grade; cyanide-soluble vs fire assay averaging ~85% vs 75% assumed—an encouraging indicator for recoveries; 100–120 holes planned. Objective: move toward a 2026 construction decision with infill, M&I conversion, and metallurgy.
- Beartrack-Arnett (Idaho): 4.6M-oz district with a bold ~2 km step-out program kicking off; continued exploration alongside permitting prep.
- Capital discipline & M&A: why developers could lead as producers face reserve replacement and investors eventually demand growth.
- Why Revival: ~6M oz combined endowment, strong backers (EMR Capital, Dundee), and insider ownership (~8%).
Company at a glance
- Tickers: TSX-V: RVG · OTCQX: RVLGF.
Revival Gold – - Website & Contact: https://revival-gold.com
· info@revival-gold.com
· +1-416-366-4100.
Revival Gold – - Projects: Mercur (Utah); Beartrack-Arnett (Idaho).
Revival Gold –
Guest & Company Links
- Revival Gold — Website: https://revival-gold.com
; Investors/Media hub: https://revival-gold.com/media/
Revival Gold –
- Hugh Agro (CEO) — Bio/Headshot: https://revival-gold.com/management/
Revival Gold –
Host & Channel Links
Natural Resource Stocks — Official Channel
🌐 Website: https://www.NaturalResourceStocks.net
📺 YouTube: https://www.youtube.com/@NaturalResourceStocks
🐦 X (Twitter): https://twitter.com/NRS_Stocks
💼 LinkedIn: https://www.linkedin.com/company/natural-resource-stocks/
Andy Millette – Host
🌐 Website: https://www.NaturalResourceStocks.net
🐦 X (Twitter): https://twitter.com/AndyMillette
💼 LinkedIn: https://www.linkedin.com/in/andymillette/
Steve Yang – Co-Host
🐦 X (Twitter): https://twitter.com/SteveYang_Market
💼 LinkedIn: https://www.linkedin.com/in/steveyang88/
Chapters
00:00 Intro & disclosures (host is an investor; Revival is a sponsor)
00:59 Gold setup: $4k now, Goldman $4.9k by 2026; Asia leads flows
03:18 Four rigs running; program goals for Mercur (Utah)
04:27 Metallurgy: cyanide-soluble ~85% vs 75% assumed; why it matters
06:53 Catalyst cadence: 90–110 more holes over 3–4 months
07:16 Beartrack-Arnett: 2 km step-out this winter; 4.6M oz district
08:30 Cash vs timing: where value is in developers now
10:59 What to own: good jurisdictions, limited downside, catalysts
13:44 Why Revival Gold: 6M oz, leverage stat, backing, insider buy
17:42 How to buy & tickers; contact info; close
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