Top Page
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$167.24M | -21.30 | -3.54% | ― | ― | ― | |
52 Neutral | AU$54.11M | -4.42 | -7.66% | ― | ― | -17.27% | |
52 Neutral | AU$27.00M | 3,453.45 | -59.50% | ― | ― | ― | |
48 Neutral | AU$14.06M | -4.44 | -6.21% | ― | ― | -28.57% | |
43 Neutral | AU$10.10M | -2.50 | 79.19% | ― | ― | 90.70% | |
43 Neutral | AU$15.22M | -1.34 | -202.96% | ― | ― | 48.90% |
Pacgold Limited Corporate Events
Pacgold has reported further encouraging reverse circulation drilling results from the Vertigo deposit at its White Dam project, with about 95% of the Vertigo resource drilling now complete and consistent shallow gold and copper mineralisation reinforcing confidence in the 2020 block model. The program, which also targets additional tonnes above the main resource zone, is expected to support an upgraded mineral resource estimate before drilling moves to the Hannaford and White Dam North deposits later this year.
Operationally, Pacgold has commissioned onsite crushing equipment for the heap leach pad, with ramp-up of re-crushing underway and full throughput of roughly 350 tonnes per hour targeted by mid-April as it prepares staged 50,000-tonne then 100,000-tonne leach packages. Management frames the next 8–12 weeks as critical, as updated resource estimates, mine designs and cash flow models converge with the first sustained operation of the refurbished plant since the mine’s 2017 closure, marking a key step toward consistent monthly production from White Dam.
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 will shortly commence re-crushing the top lift of the existing heap leach pad at its White Dam Gold Project, following the mobilisation of a new Metso screen, Metso HP300 cone crusher and radial stacker under a hire purchase agreement. The circuit is designed for a throughput of about 350 tonnes per hour, and the re-crush campaign is expected to underpin forecast production for 2026-2027 once supporting assay and LeachWELL test work results are received.
Recent heavy rainfall delivered around 100mm to the White Dam site, temporarily restricting access and delaying refurbishment works on several CIC columns, although leaching operations have continued with the benefit of additional water in the pad and storage ponds. Pacgold expects the plant to return to full nameplate capacity after this short disruption as it ramps up leaching and irrigation, positioning the project for increased gold output and operational momentum.
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 issued 749,999 fully paid ordinary shares that are part of its existing quoted class on the ASX, using provisions that allow the securities to be issued without a full prospectus-style disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and stated there is no excluded information that investors are not aware of, signalling that the share issue is being conducted within standard regulatory and transparency frameworks.
Pacgold Limited is an ASX-listed mineral exploration company focused on gold and antimony projects in North Queensland and South Australia. Its flagship Alice River Gold Project in Queensland covers 377 square kilometres within a large intrusion-related gold system, complemented by the St George Gold-Antimony Project in a key antimony province and the recently acquired White Dam Gold Operation in South Australia, which provides near-term production and cash flow potential.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.17 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 749,999 new fully paid ordinary shares, issued on 4 March 2026 under its issuer code PGO. The additional securities, arising from the exercise or conversion of existing instruments, modestly expand the company’s listed share base and may incrementally affect liquidity and ownership structure for current shareholders.
While the announcement is largely procedural, it signals ongoing capital management activity by Pacgold Limited through the conversion of options or other convertible securities. The move underscores the company’s continued engagement with equity markets, providing a clearer view of its capital structure to investors and the broader market.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.17 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 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.