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Viva Gold (VAU) AI Stock Analysis

TSE:VAU

Viva Gold

(TSXV:VAU)

Select Model
Rating:48Neutral
Price Target:CAD 0.18â–¼(-1.08% Downside)
Action:reiterated
Date:10/01/26

The overall score is held down by very weak financial performance, with ongoing losses and significant cash burn despite a conservative, debt-free balance sheet. Technicals are moderately constructive, showing a gentle uptrend without overbought signals, but do not fully offset the high financial risk. Valuation offers little downside protection given negative earnings and the absence of income support, keeping the stock in a higher-risk, speculative category.

Positive Factors
Debt-free balance sheetThe absence of debt materially reduces fixed financial obligations and refinancing exposure while the company remains pre-production. This gives management greater flexibility to direct available capital toward exploration and may improve resilience during periods when external funding conditions are less favorable.
Negative Factors
No operating revenueThe absence of revenue confirms that Viva Gold has not yet reached a producing phase and cannot fund its activities through recurring customer sales. Until an asset advances to production or another commercial transaction occurs, financial progress remains dependent on exploration execution and outside capital.

Viva Gold (VAU) vs. iShares MSCI Canada ETF (EWC)

-40%-20%0%20%40%60%TSE:VAU+19.35%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 28.32M
Dividend Yield
―
Average Volume (3M)
186.84K
Price to Earnings (P/E)
-8.6
Beta (1Y)
1.54
Revenue Growth
―
EPS Growth
-3.88%
Country
Canada
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Viva Gold Business Overview & Revenue Model

Company Description

Viva Gold Corp. focuses on identifying, assessing, and advancing precious metal assets throughout the United States. Its primary holding is the fully-owned Tonopah gold project, an undertaking that covers roughly 10,200 acres via 508 unpatented miner...

How the Company Makes Money

Viva Gold does not typically generate recurring operating revenue from product sales because it is an exploration-stage company and, based on publicly available information, does not operate a producing mine. Instead, it generally funds its activitie...

Viva Gold Financial Statement Overview

Summary

Financials show a pre-revenue business with persistent and sizable net losses and materially negative operating and free cash flow, only partially offset by a debt-free balance sheet with positive, equity-funded capital.

Income Statement

12Very Negative

Balance Sheet

62Positive

Cash Flow

23Negative
Financial statement breakdown
BreakdownTTMJan 2026Jan 2025Jan 2024Jan 2023Jan 2022
Income Statement
Total Revenue000000
Gross Profit-33.15K-26.61K000-4,686
EBITDA-3.54M-2.60M-2.45M-3.79M-3.83M-2.60M
Net Income-3.54M-2.61M-2.43M-3.77M-3.83M-2.60M
Balance Sheet
Total Assets3.19M1.94M2.55M1.39M3.48M2.07M
Cash, Cash Equivalents and Short-Term Investments1.98M757.77K1.34M222.65K2.13M1.26M
Total Debt000000
Total Liabilities429.87K397.42K311.62K436.95K1.16M250.22K
Stockholders Equity2.76M1.55M2.24M957.15K2.32M1.82M
Cash Flow
Free Cash Flow-3.15M-2.21M-2.31M-3.96M-3.21M-2.27M
Operating Cash Flow-3.15M-2.21M-2.31M-3.96M-2.98M-2.27M
Investing Cash Flow0000-225.38K0
Financing Cash Flow4.13M1.64M3.41M2.05M4.11M2.41M

Viva Gold Technical Analysis

Technical Analysis SentimentNegative
Last Price0.18

Price Trends

50DMA0.20Negative
100DMA0.18Positive
200DMA0.16Positive

Market Momentum

MACD-0.00Positive
RSI44.51Neutral
STOCH63.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VAU, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.20, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 44.51 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VAU.

Viva Gold Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:VAU against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:WGTSE:WG48NeutralCAD 38.81M-15.87-13.00%――8.04%
TSE:VAUTSE:VAU48NeutralCAD 39.39M-8.60-108.33%――-3.88%
TSE:AUOZTSE:AUOZ45NeutralCAD 64.37M-24.63-12.56%――24.30%
TSE:YRBTSE:YRB45NeutralCAD 23.77M125.000.52%――-97.88%
TSE:SGCTSE:SGC42NeutralCAD 27.95M-13.89-447.67%――-36.54%

* Basic Materials Sector Average

Performance Comparison

0%100%200%TSE:VAUTSE:OCITSE:YRBTSE:SGCTSE:WGTSE:AUOZDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:VAU and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:VAUViva Gold Corp0.180.0212.12%
TSE:OCIOrefinders Resources0.140.0558.82%
TSE:YRBYorbeau Resources0.05-0.00-9.09%
TSE:SGCSolstice Gold Corp.0.100.0453.85%
TSE:WGWestward Gold Inc0.170.0210.00%
TSE:AUOZEmperor Metals, Inc.0.330.17106.25%

Viva Gold Corporate Events

Business Operations and Strategy

Viva Gold pushes Tonopah project toward permitting while stepping up Midway Hills drilling

Positive
Oct 6, 2026

Viva Gold Corp is advancing its Tonopah Gold Project in Nevada along two parallel tracks, completing a pre-feasibility study and building the environmental baseline needed for mine permitting while also expanding exploration on its land package. The...

Business Operations and StrategyPrivate Placements and Financing

Viva Gold Doubles Private Placement to Fund Expanded Drilling at Tonopah Project

Positive
Aug 27, 2026

Viva Gold Corp. has doubled the size of its previously announced non-brokered private placement to up to C$6.5 million, offering 40,625,000 units at C$0.16 each, with each unit comprising one share and half a warrant exercisable at C$0.24 for 36 mont...

Business Operations and StrategyPrivate Placements and Financing

Viva Gold Launches $3 Million Financing to Advance Tonopah Permitting and Midway Hills Drilling

Positive
Aug 26, 2026

Viva Gold Corp. plans to raise up to CDN$3.0 million through a non-brokered private placement of 18,750,000 units priced at CDN$0.16, each comprising one common share and half a warrant exercisable at CDN$0.24 for 36 months. Proceeds will primarily f...

Business Operations and Strategy

Viva Gold Plans Webinar to Update Market on Tonopah Progress and Midway Hills Discovery

Positive
Aug 19, 2026

Viva Gold Corp will host a live interactive webinar to provide shareholders and the financial community with a detailed corporate update on the advancement of its Tonopah Gold Project in Nevada. The session, led by President and CEO James Hesketh, wi...

Business Operations and StrategyRegulatory Filings and Compliance

Viva Gold Speeds Up Permitting for Tonopah Project as Pre-Feasibility Nears

Positive
Aug 17, 2026

Viva Gold is accelerating permitting at its Tonopah Gold Project in Nevada as it advances mine planning and regulatory work toward potential development. The company has completed a second environmental baseline review with the U.S. Bureau of Land Ma...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 01, 2026