Rusoro Mining Ltd (TSE:RML)
:RML
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Rusoro Mining
(RML)
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Rating:44Neutral
Price Target:
C$1.00
▼(-20.63% Downside)
Action:Reiterated
Date:05/10/26
The score is driven down primarily by extremely weak financial performance (no revenue, sharply worsening losses, deeply negative equity, rising debt, and ongoing cash burn). Technical indicators are neutral-to-weak with the stock below key longer-term moving averages and a negative MACD. Valuation appears modest on P/E, but it provides limited support given the high solvency and funding risk reflected in the financial statements.
Positive Factors
Gold asset exposure and development-stage projects
Owning operating and development-stage gold assets provides durable optionality: if legal and regulatory barriers are resolved, these assets can support future production and cash generation. The asset base aligns the company with a long-term commodity (gold) that retains strategic value over cycles.
Negative Factors
No revenue across reported periods
Absent any revenue, the firm lacks an operating earnings base to fund costs or service obligations. This structural deficiency forces reliance on external capital to sustain operations and prevents internal cash reinvestment, undermining long-term viability without a credible production turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Gold asset exposure and development-stage projects
Owning operating and development-stage gold assets provides durable optionality: if legal and regulatory barriers are resolved, these assets can support future production and cash generation. The asset base aligns the company with a long-term commodity (gold) that retains strategic value over cycles.
Read all positive factors
Rusoro Mining (RML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$727.03M
Dividend YieldN/A
Average Volume (3M)398.04K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue GrowthN/A
EPS Growth-531.36%
CountryCA
Employees785
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.43
Shares Outstanding626,749,450
10 Day Avg. Volume333,536
30 Day Avg. Volume398,035
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.07
Price to Sales (P/S)0.00
P/FCF Ratio-137.54
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
Rusoro Mining Business Overview & Revenue Model
Company Description
Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Venezuela. It primarily holds 95% interests in the Choco 10 mine; and 50% interest in the Isidora mine located in the El Callao di...
How the Company Makes Money
null...
Rusoro Mining Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
4
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -30.34M | -26.80M | 0.00 | -5.26M | -2.71M |
| Net Income | -266.53M | -40.71M | -30.25M | -18.69M | -14.19M |
Balance Sheet | |||||
| Total Assets | 603.90K | 780.00K | 1.87M | 21.12K | 18.65K |
| Cash, Cash Equivalents and Short-Term Investments | 539.02K | 759.00K | 1.86M | 0.00 | 136.00 |
| Total Debt | 124.39M | 79.66M | 37.92M | 35.25M | 35.25M |
| Total Liabilities | 411.54M | 183.05M | 198.96M | 169.17M | 151.68M |
| Stockholders Equity | -392.31M | -162.60M | -177.42M | -149.48M | -132.00M |
Cash Flow | |||||
| Free Cash Flow | -3.06M | -4.16M | -1.08M | -922.47K | -310.00 |
| Operating Cash Flow | -3.06M | -4.16M | -1.08M | -922.47K | -310.00 |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2.83M | 3.06M | 2.94M | 922.37K | 0.00 |
Rusoro Mining Technical Analysis
Positive
1.26
Price Trends
1.13
Positive
1.12
Positive
1.15
Positive
Market Momentum
<0.01
Negative
56.48
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RML, the sentiment is Positive. The current price of 1.26 is above the 20-day moving average (MA) of 1.09, above the 50-day MA of 1.13, and above the 200-day MA of 1.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.48 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RML.
Rusoro Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$981.60M | 8.63 | 33.97% | ― | 75.17% | 73.99% | |
63 Neutral | C$533.69M | 17.25 | 22.89% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$947.96M | -64.16 | -2.73% | ― | ― | -186.75% | |
54 Neutral | C$691.77M | -16.14 | -30.98% | ― | ― | -217.54% | |
49 Neutral | C$574.28M | 23.65 | -3.94% | ― | -0.97% | -40.86% | |
44 Neutral | C$727.03M | -1.58 | 109.85% | ― | ― | -531.36% |
* Basic Materials Sector Average
TSE:RML
Rusoro Mining
1.16
0.57
96.61%
TSE:TAU
Thesis Gold Inc
3.40
2.37
230.10%
TSE:FF
First Mining Gold
0.50
0.33
203.03%
TSE:MKO
Mako Mining Corp
11.21
6.56
141.08%
TSE:HSTR
Heliostar Metals
2.08
0.83
66.40%
TSE:JAG
Jaguar Mining
6.73
3.42
103.32%
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.