Viva Gold (TSXV: VAU) Already Up 23.53% in Three Days
On early Thursday morning at 9:29AM ET, NIA announced that its President purchased 100,000 shares of Viva Gold (TSXV: VAU) on Wednesday at $0.085 per share.
On Thursday, Viva Gold (TSXV: VAU) bounced by 5.88% to $0.09 per share on volume of 831,843 shares or 223% above its average daily volume!
On Friday, Viva Gold (TSXV: VAU) bounced by 11.11% to $0.10 per share on volume of 818,700 shares or 218% above its average daily volume!
On Monday, Viva Gold (TSXV: VAU) bounced by 5% to $0.105 per share on volume of 405,430 shares or 57.5% above its average daily volume!
Viva Gold (TSXV: VAU) has so far bounced by 23.53% in three trading days! VAU has a 200-day moving average of $0.151 per share, which is its most important long-term key breakout point!
Viva's CEO James Hesketh is the executive who did the early work at the Reward Gold Project in the Beatty Gold District of Nevada over a decade prior to Augusta Gold (TSX: G) acquiring control of the property. He is the one who actually completed the permitting process for the Reward Gold Mine, which is why AngloGold Ashanti (AU) desperately needed to acquire NIA's Augusta Gold (TSX: G) at a massive premium!
From 2019 through 2025, VAU conducted seven private placements raising a total of $10,619,213 at prices ranging from $0.12 per share up to $0.30 per share with an average share issuance price of $0.17 per share or double the price where NIA's President purchased a small initial stake on Wednesday:
| Date / Period (Final Close) | Amount Raised (CAD) | Shares/Units Issued | Price per Unit (CAD) |
|---|---|---|---|
| Aug 6, 2019 | $1,018,650 | 3,395,502 | $0.30 |
| Dec 2019–Feb 2020 | $705,235 | 2,938,480 | $0.24 |
| May–Jun 2021 | $4,000,000 | 19,047,619 | $0.21 |
| Dec 21, 2023 | $1,399,567 | 11,663,061 | $0.12 |
| Jul 9, 2024 | $667,750 | 4,451,667 | $0.15 |
| Post–Jul 31, 2024 | $1,193,004 | 7,953,359 | $0.15 |
| Apr 3, 2025 | $1,635,007 | 12,576,974 | $0.13 |
Viva Gold's Tonopah is located directly south of Kinross Gold (KGC)'s Round Mountain, which is Nevada's #1 largest producing gold mine not owned by Newmont/Barrick's Nevada Gold Mines! However, Round Mountain is running out of ore and no longer operating at full capacity! By 2030, Round Mountain's gold reserves will be depleted! Dundee Corporation (TSX: DC.A) the original seed investor behind KGC knows this and that is why they own 20% of Viva Gold (TSXV: VAU)!
Lahontan Gold (TSXV: LG) also gained by 5% today to $0.105 per share and they have even larger gold resources in Nevada than Viva! Click here to read our Lahontan report!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 100,000 shares of VAU in the open market and can buy or sell shares at any time. NIA’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. NIA has received compensation from LG of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
