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Riversgold Ltd.
(Sydney:RGL)
Riversgold Ltd. (RGL) vs. iShares MSCI Australia ETF (EWA)
Riversgold Ltd. Business Overview & Revenue Model
Riversgold Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 2.24K | 212.00 | 0.00 |
| Gross Profit | -8.13K | -8.13K | -12.10K | -6.48K | -28.46K | -53.70K |
| EBITDA | -531.51K | -531.51K | -4.47M | -3.40M | -10.22M | -1.58M |
| Net Income | -510.85K | -510.85K | -6.93M | -2.63M | -10.20M | -1.63M |
Balance Sheet | ||||||
| Total Assets | 283.34K | 283.34K | 7.85M | 12.86M | 10.36M | 7.22M |
| Cash, Cash Equivalents and Short-Term Investments | 232.63K | 232.63K | 785.19K | 4.91M | 3.39M | 294.43K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 14.56K | 14.56K |
| Total Liabilities | 233.64K | 233.64K | 228.17K | 537.36K | 2.71M | 1.30M |
| Stockholders Equity | 49.69K | 49.69K | 7.62M | 12.32M | 7.65M | 5.92M |
Cash Flow | ||||||
| Free Cash Flow | -2.22K | -2.22M | -5.41M | -4.37M | -1.81M | -2.61M |
| Operating Cash Flow | -2.22K | -2.22M | -3.74M | -1.31M | -888.57K | -905.53K |
| Investing Cash Flow | -14.98K | -14.98K | -1.73M | -2.31M | 11.14K | -1.07M |
| Financing Cash Flow | 1.69M | 1.69M | 1.33M | 5.67M | 3.44M | 987.42K |
Riversgold Ltd. 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% | |
54 Neutral | AU$7.23M | 160.00 | 0.33% | ― | ― | ― | |
46 Neutral | AU$20.90M | -2.88 | -60.89% | ― | ― | 77.62% | |
45 Neutral | AU$18.75M | -20.00 | -13.32% | ― | ― | 92.86% | |
44 Neutral | AU$7.90M | -2.82 | -110.67% | ― | ― | 92.70% |
Riversgold Ltd. Corporate Events
Riversgold Limited has advised the ASX that 10 million listed options (RGLAJ), which were due to expire on various dates and at various exercise prices, have lapsed because the conditions attached to those options were not, or could no longer be, satisfied. The lapse of these conditional rights reduces the company’s potential future share dilution from option conversion and represents a minor technical change to its issued capital structure rather than an operational shift, with limited immediate impact indicated for shareholders or broader market positioning.
Riversgold has executed a Deed for Grant of Mining Tenement and a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group covering key tenements at its Kalgoorlie Gold Project, an important step towards converting the ground to a mining lease. The agreements establish protocols for heritage surveys, safeguards for Aboriginal cultural site protection, and streamlined tenure and activity clearances, providing a framework for progressing the Northern Zone Gold Project toward planned gold production in 2026. In parallel, Riversgold is advancing a Right to Mine and Co-Operation Agreement under which MEGA Resources will fund 100% of development, mining and associated costs at Northern Zone in exchange for a 50/50 profit share with the project owners, enabling Riversgold and its 20% partner Oracle Power to move towards production without upfront capital outlay.
Riversgold Ltd has announced a change in the director’s interest, specifically regarding David Lenigas. On December 9, 2025, Mr. Lenigas acquired 40,000,000 new options, split equally between options exercisable at $0.012 and $0.015, both expiring on December 9, 2029. This acquisition was made following shareholder approval, and no securities were disposed of in the process. The change reflects an increase in Mr. Lenigas’s holdings, potentially strengthening his influence within the company.
Riversgold Ltd. has announced the issuance of unquoted equity securities in the form of options. The company is issuing 80 million options, split evenly between those exercisable at $0.012 and $0.015, as part of an employee incentive scheme. This move could potentially enhance employee engagement and align their interests with the company’s growth objectives.
Riversgold Ltd. has announced the issuance of 120 million unquoted options with exercise prices of $0.012 and $0.015, set to be issued on December 9, 2025. This move is part of previously announced transactions and may impact the company’s capital structure, potentially influencing its market positioning and stakeholder interests.
Riversgold Limited has announced the discovery of a new shallow gold zone at its Northern Zone Gold Project near Kalgoorlie, Western Australia. The recent assay results from six drillholes have identified gold mineralisation in a previously undrilled area, potentially linking two existing mineralised zones. This discovery could significantly expand the project’s footprint, enhancing its potential for future mining operations. With results from additional drillholes expected soon, the company anticipates continued positive developments that could strengthen its position in the gold mining sector.
Riversgold Ltd has adopted a new constitution as per a special resolution by its shareholders on November 26, 2025. This updated constitution outlines various aspects of the company’s governance, including share capital, rights, and securities, aiming to streamline operations and enhance compliance with the Corporations Act 2001.
Riversgold Ltd. announced the successful passage of all resolutions during its Annual General Meeting held on November 26, 2025. The approval of these resolutions, including the re-election of directors and issuance of securities, is expected to strengthen the company’s governance and operational strategies, potentially enhancing its market position and stakeholder confidence.
Riversgold Ltd. has announced promising assay results from the first six drill holes of its October 2025 drilling program at the Northern Zone Gold Project, part of the larger Kalgoorlie Gold Project in Western Australia. These results indicate an expanding gold mineralisation footprint, with significant gold intersections suggesting a high-grade zone on the project’s eastern margin. The company is progressing with its November drilling program and anticipates further results in the coming weeks, which will contribute to their joint mining plans with Mega Resources set for 2026.
Riversgold Ltd. has commenced its Phase 2 drilling program at the Northern Zone Gold Project, part of the Kalgoorlie Gold Project in Western Australia. This initiative aims to expand the gold mineralization footprint, with 30 planned drill holes totaling 2,000 meters. The results from this program will contribute to the Mega Resources mining scenario for 2026, with the first assay results expected soon. The project is strategically positioned to enhance Riversgold’s market presence and operational capabilities in the gold mining sector.
Riversgold Ltd. has completed grade control drilling at its Kalgoorlie Gold Project, which includes the Northern Zone and the newly acquired Gold Wing Project. The company has drilled 21 holes at Northern Zone and 8 at Gold Wing, with results expected in the coming weeks. The successful completion of initial drilling at Gold Wing, a previously undrilled site, marks a significant milestone. The company plans to continue its exploration efforts, aiming to establish a maiden Mineral Resource Estimate, with aspirations for the Northern Zone to potentially become a large-scale project similar to Saturn Metals’ Apollo Hill Project.
Riversgold Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. This statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, confirming that the board has approved the current governance practices as of October 31, 2025. The release of this statement is part of the company’s compliance with ASX listing rules, ensuring transparency and accountability in its governance practices, which is crucial for maintaining stakeholder trust and meeting regulatory requirements.
Riversgold Ltd has released its Corporate Governance Statement for FY2025, highlighting its commitment to strong governance practices in line with the ASX Corporate Governance Council’s Principles and Recommendations. The statement outlines the roles and responsibilities of the Board and management, emphasizing the importance of strategic direction, risk management, and compliance with legal obligations. The company aims to ensure transparency and accountability to its stakeholders, with annual reviews of governance practices to adapt to its evolving circumstances.
Riversgold Ltd. has released its Annual Report for 2025, detailing its exploration activities, corporate governance, and financial statements. The report provides insights into the company’s operational strategies and financial health, which are crucial for stakeholders to assess its market positioning and future prospects.
Riversgold Limited has entered into a Right to Mine and Co-Operation Agreement with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie. MEGA will provide full funding and services for the project, splitting profits equally with Riversgold and Oracle Power, the project owners. Additionally, Riversgold has signed a farm-out agreement with A.I.S. Resources for its Saint John Copper/Gold/Silver/Antimony Project in Canada, allowing A.I.S. to earn up to a 75% stake through staged investments. These developments position Riversgold to advance its mining operations without upfront costs, potentially enhancing its market position and stakeholder value.
Riversgold Limited has announced that its 2025 Annual General Meeting will be held in person on November 26, 2025, in Subiaco, Western Australia. The company has made the Notice of Meeting and Explanatory Memorandum available online for shareholders, who are encouraged to use the online proxy voting system. This announcement indicates Riversgold’s commitment to engaging with its shareholders and maintaining transparency in its operations.
Riversgold Ltd. has announced its Annual General Meeting, scheduled for November 26, 2025, where shareholders will consider several key resolutions. These include the adoption of the remuneration report, re-election of director Simon Andrew, approval of a 7.1A mandate to issue equity securities, and ratification of prior share issues. The meeting will also address the approval of an employee incentive securities plan, reflecting the company’s strategic focus on enhancing shareholder value and operational flexibility.
Riversgold Ltd. has commenced grade control drilling at its Northern Zone Gold Project, located 25 km east of Kalgoorlie. This drilling program targets the shallow undrilled areas between existing mineralised zones, aiming to expand the project’s gold mineralised footprint. The recent rise in the Australian dollar gold price to over $6,500/ounce enhances the project’s potential profitability. This initial two-week drilling program is part of a broader plan, with another phase scheduled for mid-November, and results are expected to start emerging in early November. The project is strategically positioned to capitalize on the high gold prices, and the company is advancing towards a maiden Mineral Resource Estimate.
Riversgold Ltd has announced that its 2025 Annual General Meeting (AGM) will take place on November 26, 2025, at 2:00 pm AWST. A key agenda item for the AGM is the election of directors, with nominations closing on October 15, 2025. This meeting is significant for stakeholders as it will influence the company’s leadership and strategic direction.
Riversgold Ltd. has announced the issuance of 400,000,000 ordinary shares, as per the requirements of the Corporations Act 2001. This move is part of the company’s compliance with regulatory standards, and it signifies an effort to bolster its financial standing and operational capacity, potentially impacting its market positioning and stakeholder interests.
Riversgold Ltd. announced the application for quotation of 400,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), as part of previously announced transactions. This move is expected to enhance the company’s capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth prospects.
Riversgold Ltd has announced the booking of a grade control drill rig for their Northern Zone Kalgoorlie Gold Project, with drilling set to commence in three weeks. This initiative is part of their strategy to expand the gold mineralization footprint between previously identified mineralized zones, aligning with their development plans with MEGA Resources.
Riversgold Ltd. has announced the acquisition of a new tenement, P25/2540, which expands its Northern Zone Kalgoorlie Gold Project by 170%. This strategic move, along with an application for an additional tenement, is part of the company’s broader plan to enhance its gold production capabilities and strengthen its position in the region.
Riversgold Ltd. has announced a proposed issue of securities, involving the issuance of 160 million options exercisable at $0.012 and $0.015, expiring four years from the issue date. This strategic move is aimed at raising capital to support the company’s exploration and development activities, potentially strengthening its financial position and operational capabilities in the competitive mining sector.
Riversgold Ltd. has announced a proposed issue of 400 million fully paid ordinary securities, with the issuance date set for October 6, 2025. This move is part of a placement or other type of issue, which could potentially enhance the company’s capital base, providing more resources for its exploration and development activities. The announcement reflects Riversgold’s strategic efforts to strengthen its financial position and support its ongoing projects, which may have implications for its market presence and stakeholder interests.
Riversgold Ltd. has entered into a Right to Mine and Co-Operation Agreement with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie. Under this agreement, MEGA will fully fund the project’s development and operations, with profits being split equally between MEGA and the project’s owners, Riversgold and Oracle Power Plc. This partnership is expected to significantly advance the project, with MEGA aiming to commence mining operations in early 2026, pending necessary approvals. The agreement also includes reinvestment of a portion of profits into further drilling to expand the project’s gold mineralization zones.