RE: RGL TRADING HALT17 Jan 2026 10:14
Here is the breakdown of the production outlook for 2026:
Production Start Date: MEGA Resources, the funding partner, is aiming for a production kickoff in the first half of 2026, pending mining approvals, final tenement permissions, and an ore purchase agreement.
Production Potential: The Northern Zone Project has an Exploration Target of 2.5 million–4.8 million ounces of gold.
Operating Model: Under a "Right to Mine" agreement, MEGA Resources will fund 100% of development and mining costs in exchange for 50% of the profits. Riversgold will retain an 80% stake in the remaining 50% profit share (with 20% held by Oracle Power).