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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 | 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
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$5.68M | -1.52 | 0.31% | ― | ― | ― | |
46 Neutral | AU$20.56M | -2.09 | -58.76% | ― | ― | 77.62% | |
43 Neutral | AU$5.92M | 0.19 | 114.86% | ― | ― | 92.70% | |
41 Neutral | AU$27.56M | -1.36 | -293.80% | ― | ― | 92.86% |
Riversgold Ltd. Corporate Events
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 loss, financial position, cash flows, and changes in equity, offering stakeholders a formal update on its interim financial performance and governance oversight.
The report includes a directors’ report and an auditor’s independence declaration, highlighting the governance framework surrounding the interim results. By publishing these reviewed financial statements, Riversgold seeks to maintain transparency with investors and comply with its ongoing disclosure and reporting obligations in the Australian market.
The most recent analyst rating on (AU:RGL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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, while stating it is compliant with its continuous disclosure and financial reporting obligations and that no excluded information exists, providing reassurance to investors about regulatory transparency.
The board-authorised notice serves to cleanse the new securities under section 708A of the Corporations Act, allowing them to trade on the market without additional disclosure requirements. This step supports the company’s capital management flexibility and may enhance liquidity in its shares, while signalling adherence to governance standards expected of ASX-listed resource companies.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 company’s quoted share capital and may affect liquidity and ownership dispersion for existing and prospective investors.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 security at the Kalgoorlie Gold Project.
Revised structural modelling suggests high-grade mineralisation likely continues into the new tenement, enhancing its exploration potential. Riversgold has lodged a drilling Program of Work and plans to fold the tenement into its mine development and closure planning, while progressing conversion of both Northern Zone and P25/2848 to mining leases in readiness for funded production with MEGA Resources.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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%. This enlarged landholding is intended to secure sufficient space for an open-pit operation and associated infrastructure such as waste dumps, offices and processing facilities, providing long-term security of tenure for the project.
The company is also progressing the conversion of its core Northern Zone tenement into a mining lease, with additional contiguous tenements potentially to be rolled into the main lease as drilling defines further porphyry-hosted gold mineralisation. In parallel, Riversgold has executed a Right to Mine and Co-Operation Agreement under which MEGA Resources will fund all development and mining at Northern Zone in return for a 50/50 profit share, materially de-risking project capital requirements and underpinning future development plans.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 are pending and will inform both geological interpretation and mine planning.
The company is progressing its Mine Development and Closure Plan and associated environmental assessments, including geotechnical drilling, hydrogeological work, flora and fauna surveys, and rehabilitation studies. With all objections to the Mining Lease application resolved and grant expected shortly, Riversgold and partner MEGA Resources are preparing mine planning for a potential production start in the first half of 2026 under a 50/50 profit-share funding arrangement.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 central saddle area. Significant intercepts, including several multi-metre intervals grading above 3 g/t gold, support the company’s geological model of a broad, ~600m-wide shallow oxide zone overlying the porphyry system, and the data will feed into mine planning by Mega Resources ahead of targeted mining start in the first half of 2026. Concurrently, Riversgold is advancing key approvals and tenure conversion, with a Heritage Agreement signed, a Mine Development and Closure Plan and environmental assessments progressing, and a new drilling campaign set to begin on 10 February 2026, underscoring its push to rapidly grow the shallow gold resource and solidify its development pipeline at Kalgoorlie.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 issued the shares without a disclosure document in reliance on the Act’s provisions, states it is up to date with its financial reporting and continuous disclosure obligations, and advises that there is no excluded information, providing regulatory clarity for investors and maintaining compliance with Australian corporate law.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 existing options or other convertible securities, modestly increasing the company’s quoted capital base and potentially enhancing liquidity for shareholders once the additional securities commence trading.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 significant capital move that will increase the company’s share count and potentially provide additional funding flexibility, with implications for existing shareholders through dilution and a larger free float in the market.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 timeline for gold intercepts received in early and mid-January 2026, clarified that key investor Mega Resources was not informed of the exploration results before their public release, and outlined the decision-making process and investor engagement leading to a board-approved capital raising at $0.01 per share, reflecting efforts to leverage strong gold market conditions while addressing regulatory scrutiny over disclosure and funding practices.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 issued on 26 March 2026, signal a move to secure additional funding, which may support the company’s future operational or strategic initiatives and could lead to dilution for existing shareholders while potentially strengthening Riversgold’s financial position depending on the use of proceeds.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 secure additional funding that could support the company’s future operational or strategic initiatives, with potential implications for existing shareholders through dilution and for the company’s market positioning depending on how the new capital is deployed.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 saddle areas between the east and west zones. The company is also advancing key permitting steps toward mining, including conversion to a Mining Lease, a recently signed Heritage Agreement, and commencement of its Mine Development and Closure Plan and environmental assessments, while a new drill rig is booked for February and results from an additional 16 holes are pending. To support project advancement, Riversgold has raised $2.15 million at $0.01 per share, with JV partner MEGA Resources subscribing for 100 million shares and planning to use the latest drilling to refine mine planning ahead of targeted production in 2026, reinforcing the project’s growth trajectory and potential near-term transition from explorer to producer.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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 halt will remain in place until either the announcement is released or the start of trading on 19 January 2026, signalling that potentially market-sensitive exploration data and funding plans are imminent, developments that could influence the company’s project momentum and investors’ assessment of its growth prospects.
The most recent analyst rating on (AU:RGL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
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.