Rusoro Mining Ltd (TSE:RML)
:RML
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Rusoro Mining
(RML)
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Rating:45Neutral
Price Target:
C$1.00
▼(-20.63% Downside)
Action:ReiteratedDate:01/06/26
The score is primarily constrained by distressed financial performance (no revenue base, recurring and widening losses, deeply negative equity, rising debt, and increased cash burn). Technical indicators are mixed and provide only modest support, while valuation metrics are not supportive given ongoing losses and no dividend yield data.
Positive Factors
Gold industry exposure
Operating in the gold sector provides a durable structural tailwind: persistent global demand and store-of-value dynamics support long-term project economics and funding options, improving the odds of eventual asset monetization or strategic partnerships.
Negative Factors
No revenue base
Absence of any revenue for multiple years means the company lacks a recurring cash-generating business, forcing reliance on financing or asset sales. That structural deficiency undermines long-term viability and increases dilution/rescue financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Gold industry exposure
Operating in the gold sector provides a durable structural tailwind: persistent global demand and store-of-value dynamics support long-term project economics and funding options, improving the odds of eventual asset monetization or strategic partnerships.
Read all positive factors
Rusoro Mining (RML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$789.70M
Dividend YieldN/A
Average Volume (3M)398.04K
Price to Earnings (P/E)11.8
Beta (1Y)1.39
Revenue GrowthN/A
EPS Growth-12.17%
CountryCA
Employees785
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.03
Shares Outstanding626,749,450
10 Day Avg. Volume333,536
30 Day Avg. Volume398,035
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)-2.04
Price to Sales (P/S)0.00
P/FCF Ratio-79.68
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
Rusoro Mining generates revenue through the extraction and sale of gold from its mining operations in Venezuela. The company's primary revenue stream comes from selling gold extracted from its mines to international markets. Rusoro Mining may also...
Rusoro Mining Financial Statement Overview
Summary
Income Statement
5
Very Negative
Balance Sheet
3
Very Negative
Cash Flow
7
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -57.26M | -26.80M | 0.00 | -5.26M | -2.71M | -1.77M |
| Net Income | -50.25M | -40.71M | -30.25M | -18.69M | -14.19M | -18.97M |
Balance Sheet | ||||||
| Total Assets | 1.24M | 780.00K | 1.87M | 21.12K | 18.65K | 36.85K |
| Cash, Cash Equivalents and Short-Term Investments | 1.17M | 759.00K | 1.86M | 0.00 | 136.00 | 446.00 |
| Total Debt | 88.10M | 79.66M | 37.92M | 35.25M | 35.25M | 35.25M |
| Total Liabilities | 209.68M | 183.05M | 198.96M | 169.17M | 151.68M | 137.52M |
| Stockholders Equity | -188.77M | -162.60M | -177.42M | -149.48M | -132.00M | -117.81M |
Cash Flow | ||||||
| Free Cash Flow | -3.78M | -4.16M | -1.08M | -922.47K | -310.00 | 218.00 |
| Operating Cash Flow | -3.78M | -4.16M | -1.08M | -922.47K | -310.00 | 218.00 |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2.90M | 3.06M | 2.94M | 922.37K | 0.00 | 0.00 |
Rusoro Mining Technical Analysis
Positive
1.26
Price Trends
1.14
Positive
1.11
Positive
1.14
Positive
Market Momentum
0.04
Negative
67.80
Neutral
87.52
Negative
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 1.19, above the 50-day MA of 1.14, and above the 200-day MA of 1.14, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 67.80 is Neutral, neither overbought nor oversold. The STOCH value of 87.52 is Negative, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | C$772.64M | 98.45 | 28.92% | ― | 45.36% | -14.35% | |
63 Neutral | C$620.93M | 37.95 | -28.50% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$860.48M | -64.16 | -1.82% | ― | ― | -251.92% | |
49 Neutral | C$590.86M | -26.89 | -6.33% | ― | -5.94% | -153.35% | |
46 Neutral | C$690.92M | -3.94 | -11.57% | ― | ― | 50.54% | |
45 Neutral | C$789.70M | 11.75 | 27.30% | ― | ― | -12.17% |
* Basic Materials Sector Average
TSE:RML
Rusoro Mining
1.26
0.61
93.85%
TSE:TAU
Thesis Gold Inc
3.15
2.39
314.47%
TSE:FF
First Mining Gold
0.52
0.40
333.33%
TSE:MKO
Mako Mining Corp
8.83
4.98
129.35%
TSE:HSTR
Heliostar Metals
2.42
1.55
178.16%
TSE:JAG
Jaguar Mining
6.70
4.26
174.59%
Rusoro Mining Corporate Events
Legal Proceedings
Rusoro Mining to Benefit from Court-Ordered Sale of PDV Holding Shares
Positive
Dec 3, 2025
Rusoro Mining Ltd. announced that a U.S. District Court has authorized the sale of shares of PDV Holding, a subsidiary of Venezuela’s national oil company, to Amber MSub LLC. This sale is intended to settle several billion dollars in judgmen...
Legal Proceedings
Rusoro Mining Ltd. Updates on CITGO Auction Legal Proceedings
Neutral
Nov 13, 2025
Rusoro Mining Ltd. announced that the Delaware Court of Chancery denied Gold Reserve’s request for expedited treatment of its motion for a preliminary injunction related to the CITGO auction process. The court found that Gold Reserve did not...
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.