Riversgold Ltd. (RGL) AI Stock Analysis

Riversgold Ltd.

(ASX:RGL)

Select Model

Rating:40Underperform

Price Target:AUD 0.01▲(42.86% Upside)

Action:downgraded

Date:10/05/26

The overall score is low primarily because Riversgold has no revenue, persistent large losses, and ongoing cash burn on a thin equity base, creating a high financial risk profile; secondary factors are neutral technical signals in a highly volatile stock and unattractive valuation metrics driven by loss-making operations and no dividend support.

Positive Factors

Low leverageVery low debt relative to equity reduces near-term solvency and refinancing pressure. This gives Riversgold greater flexibility to direct available resources toward exploration and operations without a large fixed interest burden constraining decisions.

Negative Factors

Minimal revenue and widening lossesThe lack of meaningful revenue leaves the company dependent on funding while losses are accelerating. A sharply wider annual loss indicates worsening earnings quality and reduces evidence that the current business model can become self-financing within the next several quarters.

Riversgold Ltd. (RGL) vs. iShares MSCI Australia ETF (EWA)

Market Cap: AUD 16.11M
Dividend Yield: ―
Average Volume (3M): 2.85M
Price to Earnings (P/E): -4.4
Beta (1Y): 2.41
Revenue Growth: ―
EPS Growth: -240.00%
Country: Australia
Employees: 0
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

Riversgold Ltd. Business Overview & Revenue Model

Company Description

Riversgold Limited (RGL.AX) is an Australian enterprise dedicated to the exploration and development of mineral resource properties. The company's diverse portfolio includes a significant presence in Western Australia's Eastern Goldfields through its...

How the Company Makes Money

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Riversgold Ltd. Financial Statement Overview

Summary

Score reflects absence of revenue, large and volatile net losses, persistent negative operating and free cash flows, and a heavily eroded equity base despite low debt.

Income Statement

18Very Negative

Balance Sheet

35Negative

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	0	0	0	0	2,237	212
Gross Profit	-12.03K	-12.03K	-8,127	-12.10K	-6,479	-28.46K
EBITDA	-3.76M	-3.76M	-531.51K	-4.47M	-3.40M	-10.22M
Net Income	-3.39M	-3.39M	-510.85K	-6.93M	-2.63M	-10.20M
Balance Sheet
Total Assets	1.92M	1.92M	283.34K	7.85M	12.86M	10.36M
Cash, Cash Equivalents and Short-Term Investments	1.80M	1.80M	232.63K	785.19K	4.91M	3.39M
Total Debt	35.20K	35.20K	0	0	0	14.56K
Total Liabilities	270.31K	270.31K	233.64K	228.17K	537.36K	2.71M
Stockholders Equity	1.65M	1.65M	49.69K	7.62M	12.32M	7.65M
Cash Flow
Free Cash Flow	0	-2.79M	-2.22M	-5.41M	-4.37M	-1.81M
Operating Cash Flow	-2.79M	-2.79M	-2.22M	-3.74M	-1.31M	-888.57K
Investing Cash Flow	-6,833	-6,833	-14.98K	-1.73M	-2.31M	11.14K
Financing Cash Flow	3.77M	3.77M	1.69M	1.33M	5.67M	3.44M

Riversgold Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

AU:RGL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AU:AAU	55Neutral	AUD 18.88M	5.86	3.21%	―	―	―
AU:OZM	47Neutral	AUD 18.86M	-5.16	-95.83%	―	―	-3.28%
AU:KNB	44Neutral	AUD 23.43M	-3.96	-31.63%	―	―	-58.33%
AU:MRZ	44Neutral	AUD 13.09M	-6.18	-5.50%	―	―	―
AU:PRX	42Neutral	AUD 24.27M	-3.64	-58.95%	―	―	40.91%
AU:RGL	40Underperform	AUD 16.11M	-4.38	-315.34%	―	―	-240.00%

* Basic Materials Sector Average

Performance Comparison

AU:RGL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:RGL	Riversgold Ltd.	0.01	0.00	0.00%
AU:PRX	Prodigy Gold NL	0.05	-0.01	-11.11%
AU:AAU	Antilles Gold Ltd	0.01	0.00	0.00%
AU:OZM	OzAurum Resources Ltd.	0.07	0.00	1.56%
AU:KNB	Koonenberry Gold Limited	0.02	-0.02	-55.81%
AU:MRZ	Mont Royal Resources Ltd.	0.07	-0.12	-64.21%

Riversgold Ltd. Corporate Events

Riversgold lodges key mining plan for Kalgoorlie Northern Zone

Sep 30, 2026

Riversgold Ltd. has lodged the Mine Development and Closure Proposal for its Northern Zone open pit at the Kalgoorlie Gold Project with Western Australia’s Department of Mines, Petroleum and Exploration. The MDCP is the principal operating appr...

Riversgold Clears Key Haul Road Objections at Kalgoorlie Gold Project

Sep 13, 2026

Riversgold has reached an agreement that clears the remaining objections to its haul road Miscellaneous Licences L25/75 and L25/77, enabling these key infrastructure licences for the Northern Zone Gold Project to proceed to grant. Once approved, the...

Riversgold advances permitting at Kalgoorlie’s Northern Zone gold project

Aug 27, 2026

Riversgold Ltd. has submitted a Native Vegetation Clearing Permit application for its high-priority Northern Zone gold project within the broader Kalgoorlie Gold Project in Western Australia. The permit, required before any land clearing can occur un...

Riversgold Secures Key Kalgoorlie Mining Lease and Reports High-Grade Canadian Assays

Jul 31, 2026

Riversgold has advanced its Kalgoorlie Gold Project with the grant of a 21-year mining lease and a 20% increase in project area through the acquisition of an additional tenement, bringing the footprint to 10.2 square kilometres. Key technical studies...

Riversgold Clears Key Technical Hurdles at Kalgoorlie Gold Project

Jul 26, 2026

Riversgold has received positive technical and environmental study results for its Northern Zone open pit at the Kalgoorlie Gold Project, covering soil and waste characterisation, geotechnical stability, and hydrology. The studies found predominantly...

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.

Date of analysis: Oct 05, 2026

Riversgold Ltd. AI Stock Analysis