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Riversgold Ltd.
(Sydney:RGL)
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Rating:41Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:07/07/26
The score is driven primarily by weak financial performance (minimal revenue, ongoing losses, and persistent cash burn), with some offset from very low leverage and recent improvement in losses/cash outflow. Technicals remain soft (below key moving averages and negative MACD), and valuation offers limited support due to negative earnings and no dividend yield.
Positive Factors
Very low leverage
Near-zero debt materially reduces financing costs and bankruptcy risk, giving the company durable financial flexibility. Over the next 2–6 months this lowers pressure to generate immediate cash, preserves optionality for funding exploration or strategic moves, and improves resilience versus leveraged peers.
Negative Factors
Minimal/no revenue
The company is not yet generating meaningful revenue, so it lacks an internal cash-generating business model. Over 2–6 months this means operational progress cannot be self-funded, increasing reliance on external capital and elevating execution risk if financing markets tighten or milestones slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero debt materially reduces financing costs and bankruptcy risk, giving the company durable financial flexibility. Over the next 2–6 months this lowers pressure to generate immediate cash, preserves optionality for funding exploration or strategic moves, and improves resilience versus leveraged peers.
Read all positive factors
Riversgold Ltd. (RGL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.41M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.78
Revenue GrowthN/A
EPS Growth87.50%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,301,837,600
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.10
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 (RGL.AX) is an Australian enterprise dedicated to the exploration and development of mineral resource properties. The company's diverse portfolio includes a significant presence in Western Australia's Eastern Goldfields through ...
How the Company Makes Money
null...
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% | |
54 Neutral | AU$24.38M | -7.92 | -88.16% | ― | ― | 16.00% | |
46 Neutral | AU$21.58M | -10.50 | -9.73% | ― | ― | 62.96% | |
45 Neutral | AU$22.95M | 8.16 | 6.82% | ― | ― | ― | |
43 Neutral | AU$22.59M | -3.68 | -58.76% | ― | ― | 28.68% | |
42 Neutral | AU$25.02M | -11.36 | -10.20% | ― | ― | ― | |
41 Neutral | AU$18.41M | -26.67 | -293.80% | ― | ― | 87.50% |
* Basic Materials Sector Average
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Riversgold Ltd. Corporate Events
Riversgold Seeks ASX Quotation for 3 Million New Shares
Jun 16, 2026
Riversgold Ltd. has applied for quotation on the ASX of 3,000,000 new ordinary fully paid shares under its code RGL, with an issue date of 15 June 2026. The additional securities, stemming from the exercise or conversion of existing instruments, w...
Riversgold Reports Strong Early Assays at Canadian Saint John Critical Minerals Project
Jun 9, 2026
Riversgold Ltd. reported that farm‑in partner AIS Resources has returned encouraging preliminary rock chip assay results from the early‑stage Saint John antimony, gold, copper and silver project in New Brunswick, Canada. The samples, c...
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...
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.