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Pacgold Limited
(Sydney:PGO)
Pacgold Limited (PGO) vs. iShares MSCI Australia ETF (EWA)
Pacgold Limited Business Overview & Revenue Model
Pacgold Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 250.00 |
| Gross Profit | -82.29K | -53.63K | -45.73K | -35.07K | -960.00 |
| EBITDA | -1.68M | -819.27K | -1.27M | -1.07M | -857.26K |
| Net Income | -1.66M | -872.90K | -1.31M | -1.10M | -858.47K |
Balance Sheet | |||||
| Total Assets | 23.56M | 19.24M | 17.10M | 17.80M | 8.31M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20M | 1.99M | 2.51M | 11.01M | 5.38M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.70M | 1.14M | 1.28M | 1.22M | 6.42M |
| Stockholders Equity | 21.87M | 18.10M | 15.82M | 16.58M | 1.89M |
Cash Flow | |||||
| Free Cash Flow | -6.01M | -3.55M | -8.50M | -5.16M | -639.89K |
| Operating Cash Flow | -1.34M | -668.43K | -764.12K | -865.96K | -162.97K |
| Investing Cash Flow | -4.62M | -2.89M | -7.73M | -4.34M | -1.14M |
| Financing Cash Flow | 5.17M | 3.03M | 0.00 | 10.84M | 6.66M |
Pacgold Limited Technical Analysis
Pacgold Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$169.57M | 5.51 | 8.62% | ― | ― | ― | |
52 Neutral | AU$67.10M | -4.42 | -8.32% | ― | ― | -17.27% | |
52 Neutral | AU$29.10M | 3,453.45 | -45.51% | ― | ― | ― | |
52 Neutral | AU$18.39M | -2.78 | -7.82% | ― | ― | -28.57% | |
43 Neutral | AU$13.46M | -2.50 | ― | ― | ― | 90.70% | |
43 Neutral | AU$14.61M | -1.92 | -241.11% | ― | ― | 48.90% |
Pacgold Limited Corporate Events
Pacgold Limited has reported a change in the holdings of director Matthew Boyes, following the vesting of performance rights into ordinary shares. Boyes, who has direct and indirect interests through the MTJ Holdings Trust and his spouse, acquired 500,000 ordinary shares via the trust, valued at an estimated $0.165 per share based on the 26 February 2026 closing price.
The transaction, which did not occur during a closed period, was structured as an issue of ordinary shares on the vesting of performance rights, rather than an on-market trade. As a result, Boyes’ indirect shareholding through the MTJ Holdings Trust increased to 2,851,878 ordinary shares, while his direct performance rights balance decreased by 500,000 to 2,000,000, slightly shifting his exposure from options-style instruments to equity.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has applied for quotation on the ASX of 1,052,083 new fully paid ordinary shares, issued on 26 February 2026 following the exercise or conversion of existing options or other convertible securities. The additional shares modestly expand the company’s equity base and free float, potentially improving liquidity in Pacgold’s stock while signaling continued investor participation in its capital structure.
The application, made under the ASX Listing Rules via an Appendix 2A filing, formalises the listing of these new securities under ticker PGO. While the announcement does not detail use of proceeds, the incremental capital capacity and broader shareholder dispersion may support Pacgold’s ongoing exploration and development activities in the resources sector and influence future funding flexibility.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold has signed a 50-50 profit share agreement with Grainger Gold over the Wadnaminga Project, 80km southwest of its White Dam mine, covering the New Milo and Great Eastern mining centres and related historical stockpiles. The project area, which produced nearly 20,000 ounces of high-grade gold in the early 1900s but has seen no modern systematic drilling, hosts about 20,000 tonnes of tailings and heap leach material that will be resampled, tested for recoverable gold and potentially trucked to White Dam, while first-pass drilling will target unmined lode extensions to quickly define new resources.
Management says the deal expands Pacgold’s Broken Hill footprint and could provide short-term ore feed to White Dam, leveraging historic high grades and the lack of previous modern exploration. If stockpiles and new drilling confirm economic grades, Wadnaminga could fast-track into production, offering a low-capex growth avenue and strengthening Pacgold’s position as a regional consolidator of stranded and historical gold assets.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold has reported initial high-grade assay results from infill reverse circulation drilling at the Vertigo pit within its White Dam Gold Project, confirming strong alignment with existing resource models and supporting an upgrade of predominantly Inferred resources to the Indicated category. The program, now 85% complete at Vertigo, has also identified previously undefined shallow mineralisation near surface, which could provide easily accessible ore and improve early mine economics.
The company expects to complete resource drilling across Vertigo, Hannaford, White Dam North and the Rolling prospect by May, ahead of updated resource models, pit optimisations and mine designs targeted for early Q3 2026. A second sonic rig has been mobilised to drill the existing heap leach pad for metallurgical testwork and grade estimation, underpinning Pacgold’s strategy to reduce upfront working capital, advance permitting for expanded pit operations and accelerate its transition from gold explorer to producer.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold has released an investor presentation outlining its strategy to establish a dominant position in the Broken Hill Gold District, one of Australia’s most historically important mining regions. The company highlights its recently reported maiden mineral resource estimate for the Alice River Gold Project and confirms that the technical assumptions underpinning this and the White Dam Project resource remain unchanged, reinforcing confidence in its exploration portfolio.
The release reiterates that previously announced exploration results from 2025 are still current and that the form and context of Competent Persons’ findings under the JORC Code have not been materially modified. By emphasizing regulatory compliance, unchanged resource parameters, and the involvement of qualified Competent Persons, Pacgold seeks to bolster investor assurance around the robustness and credibility of its reported mineral resources and exploration data.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has issued 4,775,416 fully paid ordinary shares, all within a class already quoted on the Australian Securities Exchange, and has confirmed the issuance was conducted without a prospectus in reliance on relevant provisions of the Corporations Act. The company stated it remains compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information, signalling to investors that the new share issue has been carried out within existing regulatory frameworks and without undisclosed material information.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has applied to the ASX for quotation of 4,775,416 new fully paid ordinary shares under its ticker PGO, following the exercise or conversion of existing options or other convertible securities. The issuance, dated 3 February 2026, will increase the company’s quoted share capital, potentially broadening its investor base and enhancing liquidity in its stock, while modestly diluting existing shareholders’ holdings.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has issued 334,833 fully paid ordinary shares from its existing class of quoted securities on the ASX, utilising provisions of the Corporations Act that allow the issuance without a prospectus while confirming compliance with continuous disclosure and financial reporting obligations. The company stated that there is no excluded information withheld from the market, signalling that the small equity issuance is being made within established regulatory frameworks and is unlikely to materially alter its operational strategy as it advances its portfolio of gold and antimony assets toward production and cash generation.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold has completed the acquisition of 100% of the White Dam Gold Operation in South Australia and advanced key restart works, including relining and approval of the pregnant leach solution pond, aeration of existing heap leach ore, and commencement of a 25,000m reverse circulation drilling program to upgrade resources and de-risk the mine plan, supported by the appointment of an experienced project director. Concurrently, the company reported encouraging exploration results at its Alice River and St George projects, confirming extensions of gold mineralisation and high-grade antimony structures, while bolstering its balance sheet with $10 million in cash at quarter-end and a $13 million placement to fund the White Dam production restart and ongoing exploration, signalling a shift toward near-term cash flow and a stronger competitive position in the junior gold sector.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has reported final assay results from its maiden reverse circulation drilling campaign at the St George Gold-Antimony Project in northeast Queensland, confirming continuous high-grade antimony and anomalous gold mineralisation over a 200m strike length around the historic St George antimony open pit. Seven of the nine first-pass holes returned significant antimony and gold intercepts, supporting the presence of a large mineralised system that remains open along strike and at depth, and the company is now planning a province-scale exploration program for 2026 to drill-test multiple targets across more than 20km of geochemical and mapped anomalies, potentially reshaping its growth pipeline and strengthening its position in the emerging gold-antimony district.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has reported a change in the securities held by director Matthew Boyes, following the vesting of performance rights that were converted into ordinary shares. Boyes, a beneficiary of the MTJ Holdings Trust and spouse of shareholder Tiziana Marras, acquired 500,000 ordinary shares through the trust at an estimated value of $0.115 per share, while 500,000 of his performance rights were simultaneously disposed of, leaving him with 2,351,878 ordinary shares via the MTJ Trust, 1,785,000 directly held shares, 100,000 shares held by Marras, and 2,500,000 remaining performance rights; the transactions were not conducted during a closed trading period, indicating routine equity-based remuneration rather than opportunistic trading.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has issued 718,750 fully paid ordinary shares as part of its quoted securities on the ASX, relying on provisions of the Corporations Act that allow the shares to be issued without a formal disclosure document. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would require disclosure, signalling regulatory compliance as it continues to advance its exploration and production ambitions in Australia.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has applied to the ASX for quotation of 718,750 new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The additional shares, to be listed under the company’s existing ticker PGO as of 19 January 2026, modestly increase Pacgold’s quoted capital base and may slightly improve liquidity for shareholders while signalling some level of investor uptake of equity-linked incentives.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has reported a change in the holdings of one of its directors, reflecting an on-market increase in equity exposure to the company. The disclosure details that director Matthew Boyes, through the MTJ Holdings Trust in which he is a beneficiary, acquired 199,100 ordinary shares on market over 8–9 January 2026 for a consideration of $21,796, lifting the trust’s holding to 1,851,878 ordinary shares while his direct and associated holdings, including performance rights, remain unchanged. The transaction signals a modest vote of confidence in Pacgold’s prospects by a key insider and ensures compliance with ASX director interest disclosure requirements, with the company confirming the trades did not occur during a closed period that would have required prior written clearance.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has commenced cyanide heap leach irrigation at its White Dam Gold Project in South Australia, turning and aerating approximately 250,000 tonnes of run-of-mine ore on the first lift of the existing dump, which is expected to be fully under irrigation by mid-January 2026. The initial 5–6 week leaching campaign, using the recently relined and approved pregnant leach solution pond and existing processing plant, is expected to deliver near-term gold production and first cash flows, providing funding for further development and exploration across the company’s assets while testing recovery rates from the 7.5 million tonnes of ore already on the pad; meanwhile, Pacgold is remobilising its exploration team and drill crews to restart drilling at Vertigo, Hannaford and White Dam North, positioning the company to capitalise on the current high gold price environment and improve its financial strength through low-cost, low-risk production.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
Pacgold Limited has disclosed a change in the indirect interests of director Richard Hacker, primarily held through the Emerald Super Fund and Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No.2. Between 22 and 24 December 2025, the Emerald Super Fund acquired 833,875 fully paid ordinary shares in Pacgold via on‑market purchases for a total consideration of $58,308.38, lifting Hacker’s indirect holding in that vehicle to 10,923,336 shares while his option positions and holdings through Scythe Investments remain unchanged; the move marginally increases director alignment with shareholders and is consistent with ongoing ASX disclosure of insider ownership levels.
Pacgold has reported initial assay results from its maiden reverse circulation drilling campaign at the St George Gold-Antimony Project in northeast Queensland, where the first two holes intersected multiple thick continuous structures containing high-grade antimony over significant widths near surface. The company completed nine holes in total in this initial 826m program, with results from the remaining seven holes due in early 2026, and now considers St George to represent a newly defined antimony province with mapped and geochemical anomalies extending over 20km of strike. Against the backdrop of elevated ex-China antimony prices and growing strategic importance of the metal for Western markets, Pacgold sees a significant exploration and critical mineral opportunity and is planning further drilling at the Fence and Ridgeline prospects, alongside ongoing rock chip and soil sampling at additional targets within the project.
Pacgold Limited announced a trading halt on its securities pending the disclosure of exploration results from its St George Gold-Antimony Project. This strategic decision may impact stakeholders by signaling potential findings that could enhance the company’s positioning in the gold and antimony mining sector while also fostering investor anticipation regarding the project’s outcomes.
Pacgold Limited has announced significant findings from its geochemical soil program at the St George Gold-Antimony Project in northeast Queensland. The program identified substantial gold and antimony anomalies over 7km of strike on two priority structures, with the strongest anomalies located at the Fence and Ridgeline Prospects. These findings, which have not yet been tested by modern drilling, highlight the potential for significant discoveries in the region. The company plans to refine targets and commence drilling in the second quarter of 2026, positioning itself as a key player in the emerging premier gold-antimony province in Australia.
Pacgold Limited has issued 15,000,000 fully paid ordinary shares, which are part of a class of securities quoted on the ASX. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act 2001. The company has complied with relevant legal provisions and there is no excluded information related to this issuance. This move is part of Pacgold’s strategy to enhance its financial position and support its growth and exploration activities.
Pacgold Limited has announced the quotation of 15,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), under the security code PGO. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering new opportunities for stakeholders.
Pacgold Limited is making significant strides in restarting gold production at the White Dam Gold Project in South Australia, with the relining of the Pregnant Leach Solution pond completed and cyanide leaching set to begin soon. Additionally, a 25,000m reverse circulation drilling program has commenced, initially targeting the Vertigo pit to upgrade resources, which is expected to bolster production planning and resource confidence.
Pacgold Limited has completed the acquisition of the White Dam Gold Operation in South Australia from GBM Resources Ltd. This acquisition includes significant infrastructure and offers near-term cash flow potential through the retreatment of existing materials. The strategic location of the project enhances Pacgold’s portfolio, providing a pathway to immediate gold production and future exploration opportunities. The acquisition terms include a cash payment, shares issuance, and a contingent payment upon achieving commercial production. The company is advancing site works to restart production, with minimal capital investment required, aligning with its broader strategy to generate short-term cash flow and support its flagship projects.