Kalgoorlie16 Jan 2026 06:24
With a market capitalisation of $7.8M as of July 2024 and a recent $1.8M placement, Riversgold is well-positioned to advance its exploration activities and capitalise on its diverse and promising portfolio, paving the way for sustainable growth and increased shareholder value.
So for the outlook on Monday gold is good , riversgold have restructured with new staff too , so the question is ......
Riversgold has recently undergone significant restructuring, including refreshing its management team and streamlining operations to reduce costs. The Company has strategically reduced its tenement portfolio from 55 to 19, focusing on priority projects and reducing annual expenditure commitments from ~$2.4M to ~$250k.
The recently completed 1,903m of shallow drilling has delivered the highest grade interval to date of 27.5 g/t gold (NZAC033), successfully targeting a shallow gold mineralisation blanket in the oxide zone.