Riversgold Ltd. (AU:RGL)
ASX:RGL
Top Page
Riversgold Ltd.
(Sydney:RGL)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by weak financial performance: minimal revenue, ongoing losses, and persistent negative operating/free cash flow, alongside a sharply reduced asset and equity base despite low leverage. Technicals add modest pressure with the price below the 20-day average and a negative MACD. Valuation provides limited support due to a negative P/E and no dividend yield.
Positive Factors
Strategic tenement grant expanding Kalgoorlie footprint
Securing P25/2848 contiguous to the Northern Zone materially improves tenure and mine planning optionality. It extends the geological footprint and supports conversion to mining leases, increasing the probability that exploration results can be translated into a viable, permitable project over the next 2-6 months.
Negative Factors
Persistent negative operating and free cash flow
Sustained negative operating and free cash flow shows the business cannot self-fund exploration or development. Over 2-6 months this necessitates ongoing external capital, increases funding risk, and can delay project milestones if additional financing or JV support falters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic tenement grant expanding Kalgoorlie footprint
Securing P25/2848 contiguous to the Northern Zone materially improves tenure and mine planning optionality. It extends the geological footprint and supports conversion to mining leases, increasing the probability that exploration results can be translated into a viable, permitable project over the next 2-6 months.
Read all positive factors
Riversgold Ltd. (RGL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.56M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.73
Revenue GrowthN/A
EPS Growth92.86%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,296,837,600
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
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% | |
53 Neutral | AU$5.16M | -1.52 | 0.31% | ― | ― | ― | |
46 Neutral | AU$18.88M | -2.09 | -58.76% | ― | ― | 77.62% | |
43 Neutral | AU$27.56M | -1.36 | -293.80% | ― | ― | 92.86% | |
42 Neutral | AU$5.27M | 0.19 | 114.86% | ― | ― | 92.70% |
* Basic Materials Sector Average
AU:RGL
Riversgold Ltd.
0.01
<0.01
20.00%
AU:PRX
Prodigy Gold NL
0.06
<0.01
5.66%
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-54.55%
AU:NPM
NewPeak Metals Ltd.
0.02
<0.01
14.29%
Riversgold Ltd. Corporate Events
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...
Riversgold Extends Shallow Gold Footprint at Kalgoorlie as Northern Zone Drilling Wraps Up
Feb 1, 2026
Riversgold has reported final results from its 2025 drilling campaign at the Northern Zone Gold Project, confirming further shallow gold mineralisation and extending the footprint of the northeastern zone while infilling the previously undrilled c...
Riversgold Issues 205 Million New Shares and Lodges Cleansing Notice
Jan 28, 2026
Riversgold Ltd has issued 205 million new ordinary shares, as recorded in Appendices 2A lodged with the ASX, and has formally notified the market via a cleansing notice under section 708A of the Corporations Act 2001. The company confirms it issue...
Riversgold Seeks ASX Quotation for 5 Million New Shares
Jan 28, 2026
Riversgold Ltd has applied to the ASX for quotation of 5,000,000 new ordinary fully paid shares, issued on 27 January 2026 under its existing listing code RGL. The application, lodged as an Appendix 2A, reflects the conversion or exercise of exist...
Riversgold Seeks ASX Quotation for 200 Million New Shares
Jan 28, 2026
Riversgold Ltd has applied to the ASX for quotation of 200 million new fully paid ordinary shares (ASX code: RGL), expanding its listed securities base. The shares, issued on 27 January 2026 under a previously announced transaction, signal a signi...
Riversgold Details Material Exploration Results and Capital Raising in ASX Response
Jan 22, 2026
Riversgold Ltd has confirmed to the ASX that both recently reported exploration results from its Northern Zone Project and a related capital raising are considered material to the price or value of its securities. The company detailed the assay ti...
Riversgold Plans Issue of Up to 15 Million New Shares
Jan 18, 2026
Riversgold Ltd has notified the ASX of its intention to issue up to 15 million new fully paid ordinary shares, expanding its existing capital base through a placement or similar equity raising mechanism. The proposed securities, expected to be iss...
Riversgold Plans Placement of Up to 200 Million New Shares
Jan 18, 2026
Riversgold Ltd has lodged a notice with the ASX for a proposed capital raising via a placement of up to 200 million new fully paid ordinary shares, with the issue expected to occur on 27 January 2026. The sizeable share issue signals a move to sec...
Riversgold Expands Kalgoorlie Gold Footprint and Secures $2.15m Funding Boost
Jan 18, 2026
Riversgold has reported further encouraging assay results from 21 drillholes at its Northern Zone Gold Project near Kalgoorlie, with multiple shallow high-grade oxide gold intercepts that expand the mineralised footprint across the northeast and s...
Riversgold Halts Trading Ahead of Northern Zone Results and Capital Raising
Jan 14, 2026
Riversgold Ltd has requested and been granted a trading halt on its securities by the ASX, as the company prepares to release exploration results from its Northern Zone Gold Project in Kalgoorlie alongside details of a planned capital raising. The...
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.