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Riversgold Ltd. ( (AU:RGL) ) has issued an announcement.
Riversgold Limited has entered into a Right to Mine and Co-Operation Agreement with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie. MEGA will provide full funding and services for the project, splitting profits equally with Riversgold and Oracle Power, the project owners. Additionally, Riversgold has signed a farm-out agreement with A.I.S. Resources for its Saint John Copper/Gold/Silver/Antimony Project in Canada, allowing A.I.S. to earn up to a 75% stake through staged investments. These developments position Riversgold to advance its mining operations without upfront costs, potentially enhancing its market position and stakeholder value.
More about Riversgold Ltd.
Riversgold Limited is a company operating in the mining industry, primarily focused on the exploration and development of gold projects. The company holds an 80% interest in the Northern Zone Gold Project near Kalgoorlie, Western Australia, and is also involved in a copper, gold, silver, and antimony project in New Brunswick, Canada.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.59M
See more insights into RGL stock on TipRanks’ Stock Analysis page.