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Pacgold Limited
(Sydney:PGO)
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Rating:51Neutral
Price Target:
AU$0.15
â–²(82.50% Upside)
Action:Reiterated
Date:08/01/26
The score is held down primarily by weak fundamentals: the company is pre-revenue with persistent and widening losses plus ongoing and increasing free cash flow burn, indicating reliance on external funding. Offsetting this, the balance sheet has no reported debt, and the stock shows a favorable multi-timeframe trend with the price above the 20/50/100/200-day moving averages. Valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Debt-free balance sheet
A lack of reported debt materially reduces financial risk for an exploration company that is pre-revenue. It lowers fixed financing costs, extends operational flexibility during cash burn periods, and makes future project-financing or JV negotiations less constrained by leverage.
Negative Factors
Pre-revenue operations
Being pre-revenue means no internal cash generation from operations and no proof of commercial economics. That structural absence of sales prolongs reliance on capital markets or partners and makes the path to sustainable profitability uncertain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A lack of reported debt materially reduces financial risk for an exploration company that is pre-revenue. It lowers fixed financing costs, extends operational flexibility during cash burn periods, and makes future project-financing or JV negotiations less constrained by leverage.
Read all positive factors
Pacgold Limited (PGO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$85.48M
Dividend YieldN/A
Average Volume (3M)1.88M
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue GrowthN/A
EPS Growth-18.92%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding534,259,200
10 Day Avg. Volume3,365,307
30 Day Avg. Volume1,879,245
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-1.22
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)-0.01
Revenue Forecast (FY)N/A
Pacgold Limited Business Overview & Revenue Model
Company Description
Pacgold Limited is an Australian firm dedicated to gold exploration. The company's primary asset is the Alice River gold project, located in Queensland's northern Alice River region, which comprises a portfolio of eight mining leases and five expl...
How the Company Makes Money
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Pacgold Limited Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 250.00 |
| Gross Profit | -422.30K | -82.29K | -53.63K | -45.73K | -35.07K | -960.00 |
| EBITDA | -2.76M | -1.68M | -819.27K | -1.27M | -1.07M | -857.26K |
| Net Income | -2.79M | -1.66M | -872.90K | -1.31M | -1.10M | -858.47K |
Balance Sheet | ||||||
| Total Assets | 42.87M | 23.56M | 19.24M | 17.10M | 17.80M | 8.31M |
| Cash, Cash Equivalents and Short-Term Investments | 10.00M | 1.20M | 1.99M | 2.51M | 11.01M | 5.38M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.89M | 1.70M | 1.14M | 1.28M | 1.22M | 6.42M |
| Stockholders Equity | 37.99M | 21.87M | 18.10M | 15.82M | 16.58M | 1.89M |
Cash Flow | ||||||
| Free Cash Flow | -4.81M | -6.01M | -3.55M | -8.50M | -5.16M | -639.89K |
| Operating Cash Flow | -1.85M | -1.34M | -668.43K | -764.12K | -865.96K | -162.97K |
| Investing Cash Flow | -8.90M | -4.62M | -2.89M | -7.73M | -4.34M | -1.14M |
| Financing Cash Flow | 17.43M | 5.17M | 3.03M | 0.00 | 10.84M | 6.66M |
Pacgold Limited Technical Analysis
Positive
0.08
Price Trends
0.13
Positive
0.12
Positive
0.11
Positive
Market Momentum
<0.01
Positive
57.75
Neutral
56.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGO, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.13, and below the 200-day MA of 0.11, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.75 is Neutral, neither overbought nor oversold. The STOCH value of 56.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PGO.
Pacgold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$43.10M | 8.84 | 19.12% | ― | 144.06% | 50.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$85.48M | -10.76 | -9.31% | ― | ― | -18.92% | |
50 Neutral | AU$59.49M | -1.80 | -302.41% | ― | 641.25% | -12.36% | |
48 Neutral | AU$45.21M | -8.42 | -35.89% | ― | ― | -69.57% | |
48 Neutral | AU$58.22M | -2.29 | -64.47% | ― | ― | -168.12% | |
45 Neutral | AU$60.76M | 22.22 | 7.66% | ― | 400.00% | ― |
* Basic Materials Sector Average
AU:PGO
Pacgold Limited
0.16
0.09
138.81%
AU:WCN
White Cliff Minerals Limited
0.02
>-0.01
-21.74%
AU:ODY
Odyssey Gold Limited
0.03
<0.01
14.29%
AU:AAM
Matador Mining Ltd
0.04
<0.01
11.43%
AU:AWJ
Auric Mining Ltd.
0.23
0.07
43.75%
AU:KZR
Kalamazoo Resources Ltd.
0.16
0.04
29.17%
Pacgold Limited Corporate Events
Pacgold Issues Shares on Option Exercise as It Refocuses on White Dam Gold Production
Jul 31, 2026
Pacgold Limited has issued 588,137 fully paid ordinary shares following the exercise of two classes of quoted options. The new shares, created without a prospectus under the Corporations Act cleansing provisions, underscore that the company remain...
Pacgold Advances White Dam Ramp-Up and Demerges North Queensland Assets
Jul 31, 2026
Pacgold reported a pivotal quarter at its White Dam Gold Operation, achieving its first two gold pours and ramping up re-crushing with 120,000 tonnes under irrigation and more to follow early in the next quarter. A heap leach pad expansion design ...
Pacgold Plans Major Share Placement and Broker Options Issue
Jul 31, 2026
Pacgold Limited has lodged a notice with the ASX outlining a proposed equity issuance, including new ordinary fully paid shares under the code PGO and a tranche of broker options. The company is seeking quotation for the securities on the ASX, wit...
Pacgold Raises $13m to Accelerate White Dam Gold-Copper Expansion
Jul 31, 2026
Pacgold Limited has secured firm commitments for a $13 million two-tranche share placement, supported by new and existing institutional and sophisticated investors. The directors plan to subscribe for $515,000 of the new shares, and all shares wil...
Pacgold Shares Halted Ahead of Planned Capital Raising Announcement
Jul 29, 2026
Pacgold Limited has requested and been granted a trading halt on its securities by the ASX, effective 29 July 2026, pending the release of an announcement. The halt will remain in place until either the start of normal trading on 31 July 2026 or t...
Pacgold Uncovers High-Grade Gold-Copper Sulphides Beneath White Dam Oxide Resource
Jul 23, 2026
Pacgold has announced a significant high-grade gold and copper sulphide discovery beneath the existing shallow oxide resource at the White Dam North deposit in South Australia. Recent drilling into fresh basement below the transition zone intersec...
Pacgold Reaffirms Key Gold Resource Estimates in Investor Update
Jul 22, 2026
Pacgold Limited has released an investor presentation outlining its strategy to unlock the potential of the Broken Hill Gold District and consolidate a dominant position in this historic mining region. The document reaffirms previously reported mi...
Pacgold Defines Shallow Oxide Gold at Vertigo to Fast-Track White Dam Restart
Jul 21, 2026
Pacgold has completed infill and extension drilling at the Vertigo deposit within the White Dam Gold Project, defining significant new zones of shallow oxide gold mineralisation to the north and west of the historic pit. The program, comprising 10...
Pacgold moves to digital-first communications for August shareholder meeting
Jul 7, 2026
Pacgold Limited, an ASX-listed resources company based in Brisbane with a meeting venue in West Perth, is continuing its transition toward predominantly digital communication with shareholders. The group provides key governance and meeting informa...
Pacgold advances White Dam ramp-up with second gold pour and early Vertigo restart under review
Jun 24, 2026
Pacgold has reported a second gold pour from its White Dam project, producing a 97oz doré bar as it ramps up processing from re-crushed material on the existing heap leach pad. The company has validated its re-crush strategy, with high-grade ...
Pacgold Discloses Director Keelin Chestnutt’s Exit and Final Equity Holdings
Jun 22, 2026
Pacgold Limited has announced the resignation of director Keelin (Caoilin) Chestnutt, who ceased to be a director on 19 June 2026. A final director’s interest notice lodged with the ASX records Chestnutt’s holding of 1,333,000 ordinary...
Pacgold appoints Richard Hacker as new chair to steer transition to production
Jun 21, 2026
Pacgold Limited has announced the resignation of Non-Executive Chair Caoilin Chestnutt, effective 19 June 2026, as she steps down to focus on other professional commitments, with the board expressing its appreciation for her contribution. The comp...
Pacgold sets up Emerald-backed demerger of North Queensland assets
Jun 4, 2026
Pacgold Limited has outlined an investor presentation signalling a strategic demerger of its North Queensland gold-antimony projects into Manda Resources, a vehicle backed by Emerald, while existing shareholders are positioned to retain significan...
Pacgold to Outline Strategic North Queensland Asset Demerger in Investor Webinar
Jun 3, 2026
Pacgold Limited has invited shareholders and investors to a webinar to discuss the strategic demerger of its North Queensland assets into a newly formed entity, Manda Resources Limited. The session, led by Managing Director Matthew Boyes, will inc...
Pacgold Spins Off North Queensland Assets Into Emerald-Backed Manda Resources
Jun 2, 2026
Pacgold Limited has struck a binding deal to spin off its North Queensland Alice River and St George gold-antimony projects into Manda Resources, a new Emerald Resources-backed explorer that will also acquire Territory Minerals’ Tregoora, No...
Pacgold Seeks Trading Halt Ahead of Major North Queensland Transaction
May 31, 2026
Pacgold Limited has requested a trading halt in its securities on the Australian Securities Exchange, effective immediately, as it prepares to release news regarding a material corporate transaction involving its North Queensland assets. Trading i...
Pacgold ramps up White Dam drilling as new heap leach campaign advances
May 27, 2026
Pacgold has recommenced drilling at the Vertigo deposit within its White Dam Gold Project as part of a three-phase plan to restart full-scale production. A 3,000-metre reverse circulation program aims to extend the current mineral resource and fas...
Pacgold Uncovers New Shallow Gold Zones at White Dam’s Vertigo Deposit
May 6, 2026
Pacgold has reported final assay results from its latest drilling campaign at the Vertigo deposit within the White Dam Gold Project in South Australia, confirming significant new shallow gold and copper mineralisation outside the current resource ...
Pacgold underscores technical backing as it advances gold projects in historic Broken Hill district
May 4, 2026
Pacgold Limited has released an investor presentation outlining its strategic focus on unlocking the potential of the Broken Hill Gold District, one of Australia’s most historically significant mining regions. The company highlights its key ...
Pacgold Marks Transition to Producer With First Gold Pour at White Dam
May 3, 2026
Pacgold has achieved a key milestone in its strategic shift from explorer to producer with the first gold pour from its White Dam Gold Project in South Australia. The company’s maiden gold doré bar, weighing about 3 kilograms for an est...
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.