Riversgold Ltd. (RGL) AI Stock Analysis

• Market Cap: $8.42M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: 67.57%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,683,712,600
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.54
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -802.87
• Enterprise Value/Ebitda: -1.41
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

Riversgold Ltd. struggles with significant financial challenges, including consistent losses, negative cash flows, and a lack of revenue growth. Despite the absence of debt, the company's inability to generate profits and cash is a major concern. Technical analysis is limited, and the negative P/E ratio indicates valuation difficulties. The overall score reflects these challenges and the need for strategic improvements.

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 Australia; and the Churchill Dam iron-oxide copper-gold project located in the Gawler Craton, South Australia. It also has interests in the Pilbara Lithium Projects that include Tambourah Project, which covers an area of 108 square kilometers located south of Port Hedland; the Wodgina East Project; and the Upper Five Mile Creek Project located south-east of Nullagine. The company was formerly known as Alcam Gold Pty Ltd and changed its name to Riversgold Limited in June 2017. Riversgold Limited was incorporated in 2017 and is headquartered in Subiaco, Australia.

How the Company Makes Money

Riversgold Ltd. generates revenue through the exploration and potential development of mineral resources, primarily gold and lithium. The company aims to enhance its valuation by increasing its resource base, which can attract investments and partnerships. Revenue is primarily derived from raising capital through equity financing, joint ventures, and strategic partnerships with other mining companies. These partnerships often involve sharing exploration costs and potential profits from future mining operations. Riversgold's success in discovering economically viable mineral deposits can also lead to revenue from selling or licensing mining rights to larger mining corporations interested in developing these resources.

Riversgold Ltd. Financial Statement Overview

Summary

Riversgold Ltd. faces significant financial challenges, with consistent losses and negative cash flows. While the balance sheet shows no debt and a strong equity position, the company struggles with profitability and cash generation. The lack of revenue growth and operational inefficiencies pose substantial risks, requiring strategic adjustments to improve financial health.

Income Statement

Riversgold Ltd. has consistently reported zero or minimal revenue, resulting in persistent losses over the years. The net profit margin and EBIT margin are significantly negative, indicating operational inefficiencies and a lack of profitability. Despite slight revenue growth between 2022 and 2023, the scale is negligible, and overall revenue growth is stagnant.

Balance Sheet

The company maintains a debt-free balance sheet with a strong equity position, reflected in a high equity ratio. However, the return on equity is negative due to ongoing net losses. The absence of debt is a positive factor, but the company’s inability to generate profits is concerning.

Cash Flow

Riversgold Ltd.'s cash flow situation is challenging, with negative operating and free cash flow, reflecting cash outflows exceeding inflows. The free cash flow to net income ratio is unfavorable, indicating difficulties in converting sales into cash. Although financing activities have provided some cash inflows, they are not sufficient to cover the high operating cash outflows.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	2.24K	212.00	0.00	0.00
Gross Profit	-12.10K	-6.48K	-28.46K	-53.70K	-52.62K
EBITDA	-4.47M	-3.40M	-6.54M	-1.58M	-1.60M
Net Income	-6.93M	-2.89M	-10.20M	-1.66M	-1.69M
Balance Sheet
Total Assets	7.85M	12.86M	10.36M	7.22M	6.25M
Cash, Cash Equivalents and Short-Term Investments	785.19K	4.91M	2.87M	294.43K	1.28M
Total Debt	0.00	0.00	14.56K	14.56K	35.33K
Total Liabilities	228.17K	537.36K	2.71M	1.30M	331.35K
Stockholders Equity	7.62M	12.32M	7.65M	5.92M	5.92M
Cash Flow
Free Cash Flow	-5.41M	-4.37M	-1.81M	-2.61M	-1.05M
Operating Cash Flow	-3.74M	-1.31M	-888.57K	-905.53K	-692.58K
Investing Cash Flow	-1.73M	-2.31M	11.14K	-1.07M	-357.91K
Financing Cash Flow	1.33M	5.67M	3.44M	987.42K	1.92M

Riversgold Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	78 Outperform	6.72B	8.54	0.00%	2.28%	36.34%	110.55%
EVN	75 Outperform	19.13B	20.43	0.00%	2.11%	35.31%	115.08%
NST	75 Outperform	29.60B	18.39	8.98%	2.66%	30.35%	102.55%
WAF	73 Outperform	3.47B	10.48	17.95%	―	23.87%	92.57%
RGL	39 Underperform	$8.42M	―	-78.26%	―	―	67.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Riversgold Ltd. Corporate Events

Riversgold Expands High-Grade Gold Zones at Kalgoorlie East Project

Riversgold Ltd. has announced promising assay results from its recent drilling program at the Northern Zone Intrusive Hosted Gold Project near Kalgoorlie, Western Australia. The results have exceeded expectations, revealing significant gold mineralization and high-grade zones, which bolster the company’s plans for a Mineral Resource Estimate and future mining lease approval. The company is drawing parallels with Saturn Metals’ Apollo Hill Project, suggesting potential for a large-scale operation, and is planning further drilling to enhance its understanding of the project.

Riversgold Reports Promising Gold Intercepts at Kalgoorlie East Project

Riversgold Ltd. has announced promising assay results from its Northern Zone Gold Project near Kalgoorlie, Western Australia. The results from recent drilling programs indicate significant gold mineralization, with all eleven reverse circulation drill holes intersecting gold. The company is awaiting results from additional samples and plans to update its dynamic Leapfrog gold model to guide future drilling campaigns. Riversgold sees potential parallels with other successful projects in the region, suggesting the possibility of a large-scale, low-grade heap leach operation.

Riversgold Ltd. Reports Promising Sulphide Sample Results at Saint John Project

Riversgold Ltd. has announced promising results from a sulphide sample at its Saint John project in New Brunswick, Canada, showing high chargeability and low resistivity, which are favorable for identifying copper sulphide mineralization. The use of Drone MobileMT technology is deemed suitable for the project, potentially aiding in the rapid identification and prioritization of new and existing targets, enhancing the company’s exploration capabilities in this Tier-1 Canadian mining jurisdiction.

Riversgold Ltd Director Increases Shareholding

Riversgold Ltd has announced a change in the director’s interest, specifically concerning Edward Mead. The change involved the acquisition of 26,500,000 shares through an on-market purchase, increasing the total shares held by Doraleda Pty Ltd, where Mr. Mead is a director and shareholder, to 39,000,000 shares. This move reflects a significant increase in Mr. Mead’s indirect interest in the company, which could indicate confidence in the company’s future prospects.

Riversgold Reports Promising Assay Results at Kalgoorlie Project

Riversgold Ltd. has announced promising assay results from its ongoing drilling program at the Northern Zone Gold Project near Kalgoorlie, Western Australia. The results, which include significant shallow gold intercepts, suggest a growing footprint of gold mineralization, enhancing the project’s potential. The company is awaiting further assay results from additional samples, which will inform future drilling campaigns and a potential Mineral Resource Estimate. Riversgold also draws parallels between its Northern Zone Project and Saturn Metals’ Apollo Hill Project, indicating the potential for a large-scale operation.

Riversgold Unveils Promising Gold Assay Results at Kalgoorlie East

Riversgold Ltd. has announced promising assay results from its initial drilling campaign at the Northern Zone Gold Project, part of the Kalgoorlie East Gold Project. The results from the first two of eleven drill holes indicate significant shallow gold mineralization, prompting the company to extend its drilling program by an additional 2,000 meters. These findings suggest the potential for a substantial gold resource, drawing parallels with other successful projects in the region, and could enhance Riversgold’s market positioning and project valuation.

Riversgold Ltd Releases Half-Year Financial Report for 2024

Riversgold Ltd has released its financial report for the half year ended December 31, 2024. The report includes key financial statements such as the condensed consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the period.

Riversgold Ltd. Expands Drilling Program at Kalgoorlie East Gold Project

Riversgold Ltd. has announced the commencement of its 2025 drill season at the Kalgoorlie East Gold Project with the addition of a reverse circulation (RC) rig to its drilling program. This initiative aims to explore the transition zone below the weathered oxide zone, with a 1,280m drilling program set to begin shortly. The company is also preparing for a 2,000m aircore drilling program to test shallower mineralization, scheduled to start mid-March. The strategic move to enhance drilling capabilities underscores Riversgold’s commitment to advancing its exploration efforts and potentially increasing its resource base, which could positively impact its market positioning and stakeholder interests.

Riversgold Ltd Secures 80% Stake in Kalgoorlie Gold Project

Riversgold Ltd has exercised its option to acquire an 80% stake in the Kalgoorlie Gold Project’s Northern Zone, having surpassed the necessary expenditure requirements. This acquisition positions Riversgold for further exploration and potential development of a mining lease, aiming to enhance shareholder value. The project is strategically located near Black Cat Syndicate’s Myaree Gold Mine, and with current gold prices, it presents an opportunity for a contract mining operation. Riversgold plans to continue drilling to establish a robust Mineral Resource Estimate (MRE) and assess the feasibility of an economic starter pit.

Riversgold Advances Northern Zone Project with Mining Lease Application

Riversgold Ltd. has announced a significant advancement in their Northern Zone Gold Project with the submission of a mining lease application for M25/389 to the Department of Energy, Mines, Industry Regulation and Safety. This move is aimed at upgrading the status of the project from a prospecting license to a mining lease. The announcement highlights the successful drill results that have expanded the project’s gold footprint, with high-grade mineralization remaining open in multiple directions. The company is drawing parallels to similar projects, suggesting potential for a large-scale, low-grade heap leach operation, which could significantly enhance its market positioning and operational capabilities.