Riversgold Ltd. (AU:RGL)
ASX:RGL
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Riversgold Ltd.
(Sydney:RGL)
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Rating:45Neutral
Price Target:
AU$0.02
▲(60.00% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily held down by weak financial performance (minimal revenue, ongoing losses, and persistent cash burn) alongside a sharply reduced asset/equity base, which elevates funding risk. Technical indicators are mixed and do not show strong positive momentum, and valuation is not supportive given negative earnings and no dividend.
Positive Factors
Low leverage
Reported near-zero total debt materially reduces interest burden and gives management financing flexibility. For an exploration company this durable low-leverage profile lowers default risk, improves ability to structure project financing or JV terms, and preserves optionality over months.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow indicates the business is not self-funding and must repeatedly access external capital. Over a multi-month horizon this raises dilution risk, constrains discretionary exploration spend, and increases execution risk if capital markets tighten or partner deals delay.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Reported near-zero total debt materially reduces interest burden and gives management financing flexibility. For an exploration company this durable low-leverage profile lowers default risk, improves ability to structure project financing or JV terms, and preserves optionality over months.
Read all positive factors
Riversgold Ltd. (RGL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.18M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.79
Revenue GrowthN/A
EPS Growth87.50%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,298,837,600
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)93.46
Price to Sales (P/S)0.00
P/FCF Ratio-2.09
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)N/A
Revenue Forecast (FY)N/A
Riversgold Ltd. Business Overview & Revenue Model
Company Description
Riversgold Limited explores for and develops mineral resource properties in Australia. The company holds interests in the Kurnalpi project that comprises 10 exploration licenses and 1 application located in the Eastern Goldfields of Western Austra...
How the Company Makes Money
Riversgold Ltd. generates revenue through the discovery, exploration, and potential development of mineral resources. The company seeks to increase the value of its mineral assets by advancing exploration activities, proving resource potential, an...
Riversgold Ltd. Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
22
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 2.24K | 212.00 | 0.00 |
| Gross Profit | -7.76K | -8.13K | -12.10K | -6.48K | -28.46K | -53.70K |
| EBITDA | -829.91K | -531.51K | -4.47M | -3.40M | -10.22M | -1.58M |
| Net Income | -810.51K | -510.85K | -6.93M | -2.63M | -10.20M | -1.63M |
Balance Sheet | ||||||
| Total Assets | 684.53K | 283.34K | 7.85M | 12.86M | 10.36M | 7.22M |
| Cash, Cash Equivalents and Short-Term Investments | 523.11K | 232.63K | 785.19K | 4.91M | 3.39M | 294.43K |
| Total Debt | 41.83K | 0.00 | 0.00 | 0.00 | 14.56K | 14.56K |
| Total Liabilities | 182.48K | 233.64K | 228.17K | 537.36K | 2.71M | 1.30M |
| Stockholders Equity | 502.05K | 49.69K | 7.62M | 12.32M | 7.65M | 5.92M |
Cash Flow | ||||||
| Free Cash Flow | -976.00 | -2.22M | -5.41M | -4.37M | -1.81M | -2.61M |
| Operating Cash Flow | -1.38M | -2.22M | -3.74M | -1.31M | -888.57K | -905.53K |
| Investing Cash Flow | -6.83K | -14.98K | -1.73M | -2.31M | 11.14K | -1.07M |
| Financing Cash Flow | 1.66M | 1.69M | 1.33M | 5.67M | 3.44M | 987.42K |
Riversgold Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
53 Neutral | AU$6.51M | -1.52 | -4.88% | ― | 123.86% | 63.16% | |
45 Neutral | AU$32.18M | -1.36 | -293.80% | ― | ― | 87.50% | |
44 Neutral | AU$27.64M | -2.09 | -58.76% | ― | ― | 28.68% | |
42 Neutral | AU$5.27M | 0.19 | 114.86% | ― | ― | ― |
* Basic Materials Sector Average
AU:RGL
Riversgold Ltd.
0.01
<0.01
40.00%
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Riversgold Ltd. Corporate Events
Riversgold Issues 2 Million New Shares and Confirms Regulatory Compliance
Apr 30, 2026
Riversgold Ltd. has issued 2,000,000 new ordinary shares, as reflected in an Appendix 2A lodged with the ASX, and has confirmed that the issuance was undertaken without a prospectus under the relevant provisions of the Corporations Act. The compan...
Riversgold Applies to List 2 Million New Shares on ASX
Apr 30, 2026
Riversgold Ltd. has applied for quotation on the ASX of 2,000,000 new ordinary fully paid shares under the code RGL, with an issue date of April 30, 2026. The securities arise from the exercise or conversion of options or other convertible instrum...
Riversgold Advances Kalgoorlie Gold Development and Secures Funding Partnerships
Apr 30, 2026
Riversgold reported progress at its Northern Zone Gold Project near Kalgoorlie, where environmental assessments, geotechnical drilling and heritage surveys are advancing a Mine Development and Closure Plan and the conversion of key tenements to a ...
Riversgold Secures Preliminary Heritage Clearance for Kalgoorlie Northern Zone Mine Plan
Apr 21, 2026
Riversgold has received a preliminary heritage report for key tenements at its Northern Zone Gold Project near Kalgoorlie, indicating no heritage places were identified and that the entire area for planned mining and drilling has been cleared. The...
Riversgold Extends High-Grade Footprint at Kalgoorlie’s Northern Zone
Apr 14, 2026
Riversgold has reported further strong assay results from 31 drillholes at the Northern Zone Gold Project near Kalgoorlie, including intercepts such as 15 metres at 5.62 grams per tonne and individual samples up to 71 grams per tonne. The latest c...
Riversgold Partner Advances Airborne Survey at Canadian Saint John Project
Apr 13, 2026
Riversgold’s earn-in partner A.I.S. Resources is beginning a high-resolution helicopter-borne magnetic survey over selected areas of the Saint John Gold/Copper/Silver/Antimony Project in New Brunswick, Canada. The program will cover 2,125 li...
Riversgold Releases Half-Year Financial Report for December 2025
Mar 16, 2026
Riversgold Ltd has released its financial report for the half year ended 31 December 2025, providing condensed consolidated financial statements, notes, and an independent auditor’s review. The document outlines the company’s profit or...
Riversgold Issues 8.1 Million New Shares Under Cleansing Notice
Mar 5, 2026
Riversgold Ltd has issued 8,125,000 new ordinary shares, as recorded in an Appendix 2A lodged with the ASX, expanding its share capital base. The company confirmed that the issuance was conducted without a prospectus under the Corporations Act, wh...
Riversgold Seeks ASX Quotation for 8.1 Million New Shares
Mar 5, 2026
Riversgold Ltd. has applied to the ASX for quotation of 8,125,000 new ordinary fully paid shares, with an issue date of 5 March 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the compa...
Riversgold Secures Strategic Tenement to Expand Kalgoorlie Gold Project
Mar 1, 2026
Riversgold has secured the strategic P25/2848 tenement adjoining its Northern Zone Gold Project, expanding its Kalgoorlie East footprint about 25km from Kalgoorlie. The company views the grant as integral to its mine plan and long-term tenure secu...
Riversgold Boosts Kalgoorlie Tenements Eightfold and Secures Funded Path to Mining
Feb 25, 2026
Riversgold Ltd. has moved to address previous concerns about the scale and infrastructure capacity of its Northern Zone Gold Project near Kalgoorlie by expanding its tenement footprint from 0.8 km² to 6.75 km², an increase of about 820%....
Riversgold advances Northern Zone drilling and mine planning at Kalgoorlie
Feb 24, 2026
Riversgold has completed 31 new shallow drill holes totalling 2,013 metres at the Northern Zone within its Kalgoorlie Gold Project, targeting a largely untested area between central and eastern mineralised zones. Assay results from 1,475 samples a...
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.
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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.