Want to see TSE:VAU full AI Analyst Report?
Top Page
Viva Gold
(VAU)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.19
▼(-12.27% Downside)
Action:Reiterated
Date:10/01/26
The score is held down primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn). Technical indicators are moderately supportive (positive MACD and price holding above longer-term averages), but valuation remains constrained by negative earnings and the absence of dividend support.
Positive Factors
Debt-free balance sheet
The absence of debt materially reduces financial risk and avoids interest obligations while the company advances its exploration assets. This provides greater financial flexibility than a leveraged early-stage miner and leaves more room to direct future capital toward geological work and development.
Negative Factors
No operating revenue
Zero revenue confirms that Viva Gold remains dependent on exploration success and future financing rather than an operating business model that funds itself. Until a project reaches production or generates transaction income, there is no recurring sales base to support expenses or validate earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt materially reduces financial risk and avoids interest obligations while the company advances its exploration assets. This provides greater financial flexibility than a leveraged early-stage miner and leaves more room to direct future capital toward geological work and development.
Read all positive factors
Viva Gold (VAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$42.59M
Dividend YieldN/A
Average Volume (3M)161.57K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth-3.88%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding212,943,530
10 Day Avg. Volume117,217
30 Day Avg. Volume161,574
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)15.42
Price to Sales (P/S)0.00
P/FCF Ratio-10.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 mi...
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 activi...
Viva Gold Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
48
Neutral
Cash Flow
16
Very Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -33.15K | -26.61K | 0.00 | 0.00 | 0.00 | -4.69K |
| 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 Assets | 3.19M | 1.94M | 2.55M | 1.39M | 3.48M | 2.07M |
| Cash, Cash Equivalents and Short-Term Investments | 1.98M | 757.77K | 1.34M | 222.65K | 2.13M | 1.26M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 429.87K | 397.42K | 311.62K | 436.95K | 1.16M | 250.22K |
| Stockholders Equity | 2.76M | 1.55M | 2.24M | 957.15K | 2.32M | 1.82M |
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 Flow | 0.00 | 0.00 | 0.00 | 0.00 | -225.38K | 0.00 |
| Financing Cash Flow | 4.13M | 1.64M | 3.41M | 2.05M | 4.11M | 2.41M |
Viva Gold Technical Analysis
Neutral
0.22
Price Trends
0.20
Positive
0.17
Positive
0.16
Positive
Market Momentum
<0.01
Positive
47.92
Neutral
31.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VAU, the sentiment is Neutral. The current price of 0.22 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.20, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.92 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:VAU.
Viva Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | C$82.90M | -27.16 | -17.35% | ― | ― | 24.30% | |
48 Neutral | C$42.59M | -9.30 | -108.33% | ― | ― | -3.88% | |
46 Neutral | C$21.39M | 112.50 | 0.52% | ― | ― | -97.88% | |
45 Neutral | C$47.04M | -19.71 | -13.00% | ― | ― | 8.04% | |
38 Underperform | C$32.81M | -12.77 | -585.66% | ― | ― | -250.00% |
* Basic Materials Sector Average
TSE:VAU
Viva Gold
0.20
0.05
33.33%
TSE:OCI
Orefinders Resources
0.17
0.07
73.68%
TSE:YRB
Yorbeau Resources Inc
0.05
>-0.01
-10.00%
TSE:SGC
Solstice Gold
0.13
0.06
92.31%
TSE:WG
Westward Gold Inc
0.20
0.05
33.33%
TSE:AUOZ
Emperor Metals
0.43
0.27
165.63%
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. T...
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 m...
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 primaril...
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,...
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...
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.