RTG Mining (RTG) AI Stock Analysis

• Market Cap: C$76.47M
• Dividend Yield: N/A
• Average Volume (3M): 579.19K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.56
• Revenue Growth: N/A
• EPS Growth: 33.33%
• Country: CA
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,911,705,400
• 10 Day Avg. Volume: 327,882
• 30 Day Avg. Volume: 579,186
• PEG Ratio: -2.38
• Price to Book (P/B): 7.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.50K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.04 ▲(33.33% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), despite improvement in 2024 and relatively modest leverage. Technicals are a secondary positive with price above major moving averages and a positive MACD, while valuation remains constrained by a negative P/E and no dividend support.

Positive Factors

Project advancement at Mabilo

A mining permit and active advancement of the Mabilo project materially de-risks development timelines. Permitting enhances attractiveness to project finance and JV partners, shortens path to potential production, and creates a credible route to durable cash generation that reduces funding dependency.

High-grade drilling at Chanach

Significant high-grade intercepts increase the likelihood of resource expansion and higher-quality ore zones, improving potential project economics. Strong drill results support reserve conversion, better mine planning, and stronger financing optionality through higher expected margins and lower unit costs long-term.

Modest leverage and declining debt

Relatively low debt levels and a marked reduction in total debt by 2024 reduce solvency and interest-rate risk. A cleaner capital structure preserves flexibility to raise non-dilutive project finance or negotiate partner funding for development, supporting execution through commodity cycles.

Negative Factors

No revenue across 2019–2024

An extended absence of revenue means the business lacks operating cash generation and has not demonstrated a scalable commercial model. Persistent zero-revenue status forces reliance on external capital to progress projects and increases execution and dilution risk until production and sales are proven.

Consistent negative cash flow

Negative operating and free cash flow each year prevents internal funding of development and capex, necessitating recurrent financing. Even with 2024 improvement, structural negative cash generation raises the probability of further dilution or asset financing, constraining long-term optionality.

Equity erosion and negative ROE

Material declines in equity and persistently negative ROE signal shareholder value erosion and a weakened capital base. Continued losses reduce the firm's ability to absorb shocks, complicate future fundraising, and increase the likelihood of dilutive equity raises or asset disposals to fund project advancement.

RTG Mining Business Overview & Revenue Model

Company Description

RTG Mining Inc. explores for and develops mineral properties. The company explores for copper and gold deposits. Its principal property is the Mabilo project located in the Philippines. The company has other explorations projects comprising Chanach, Bunawan, Nalesbitan, Pacific Cordillera, Bhayan, Mawab, and Taguibo, as well as copper-gold Panguna Project located in Region of Bougainville. The company was incorporated in 2012 and is headquartered in Subiaco, Australia.

How the Company Makes Money

RTG Mining makes money through the exploration, development, and eventual production from its mining projects. The company's primary revenue stream is expected to come from the sale of gold and copper extracted from these projects. Additionally, RTG may enter into joint ventures or strategic partnerships with other mining companies to share the risks and rewards of exploration and development activities, which can also contribute to its revenue. The company's success in converting its exploration projects into producing mines is a significant factor in its earnings potential.

RTG Mining Financial Statement Overview

Summary

Income statement and cash flow are very weak (no revenue, persistent losses, and negative operating/free cash flow), partially offset by a comparatively better balance sheet with modest leverage and sharply lower debt by 2024. Losses and cash burn improved in 2024, but the business remains dependent on funding until sustained revenue and positive cash generation emerge.

Income Statement

The company reports no revenue across 2019–2024, and losses remain persistent (EBIT and net income negative every year). While net losses narrowed meaningfully from 2019 (-13.6M) to 2024 (-5.2M), profitability is still structurally weak and margin data is not informative given zero revenue, leaving the earnings profile dependent on cost control rather than operating scale.

Balance Sheet

Leverage appears modest, with debt-to-equity generally low (about 0.09–0.29 in most years, peaking near 0.45 in 2019) and total debt declining sharply by 2024. However, equity has fallen substantially versus earlier years (notably down from 2021), and returns on equity are consistently negative, indicating ongoing value dilution risk if losses continue.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, implying the business is not self-funding. A notable improvement occurred in 2024 (operating cash flow near break-even relative to prior large outflows), but free cash flow growth is highly volatile and the company still relies on external capital or asset funding to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	-49.58K
EBITDA	-3.86M	-4.13M	-3.80M	-4.48M	-3.97M	-4.63M
Net Income	-4.16M	-5.15M	-4.37M	-6.32M	-7.03M	-6.09M
Balance Sheet
Total Assets	14.19M	3.96M	9.18M	5.63M	12.86M	8.78M
Cash, Cash Equivalents and Short-Term Investments	10.94M	736.52K	4.36M	1.95M	10.05M	5.76M
Total Debt	430.20K	445.12K	809.80K	1.39M	1.57M	1.68M
Total Liabilities	2.17M	1.64M	1.88M	2.37M	3.67M	2.31M
Stockholders Equity	13.80M	3.88M	8.80M	4.84M	10.58M	7.62M
Cash Flow
Free Cash Flow	-3.68K	-4.19K	-3.88M	-5.37M	-3.22M	-4.09M
Operating Cash Flow	-3.63K	-4.14K	-3.88M	-5.23M	-3.21M	-4.09M
Investing Cash Flow	-354.00	903.00	-1.73M	-879.72K	-2.12M	377.43K
Financing Cash Flow	11.76K	-200.00	7.91M	-1.63M	9.95M	4.96M

RTG Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RTG, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.65 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RTG.

RTG Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PX	52 Neutral	C$57.25M	-47.67	―	―	―	47.56%
SRL	50 Neutral	C$62.21M	-22.52	-11.93%	―	―	73.94%
RTG	48 Neutral	C$76.47M	-9.52	-42.68%	―	―	33.33%
SLG	46 Neutral	C$182.69M	-281.11	-14.39%	―	―	―
CNRI	46 Neutral	C$56.59M	-76.98	-1.60%	―	―	88.42%
TK	43 Neutral	C$64.82M	-37.22	-1.53%	―	―	5.26%

RTG Mining Corporate Events

RTG Mining Files December 2025 Quarterly Activities Report

RTG Mining Inc. has filed its December 2025 Quarterly Activities Report with the Australian Securities Exchange, fulfilling its reporting obligations, with the document now accessible via the company’s website and the ASX announcements platform. The filing underscores RTG’s ongoing efforts to progress the Mabilo gold and copper project toward production, while continuing to advance and assess other strategic opportunities such as the Panguna Project, reinforcing its growth ambitions and positioning within the international mining sector.

The most recent analyst rating on (TSE:RTG) stock is a Sell with a C$0.03 price target. To see the full list of analyst forecasts on RTG Mining stock, see the TSE:RTG Stock Forecast page.

RTG Mining Advances Mabilo Project with ASX Report Filing

RTG Mining Inc. has filed its September 2025 Quarterly Activities Report with the ASX, marking a significant step in its operational progress. The report highlights the company’s focus on the Mabilo Project, for which it has received a mining permit, and its commitment to advancing this project towards production. This development is expected to enhance RTG’s position in the mining industry and potentially benefit its stakeholders by moving closer to becoming a producing gold and copper company.