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Rusoro Mining
(RML)
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Rating:46Neutral
Price Target:
C$1.00
▼(-13.79% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by very weak financial performance—no revenue, large ongoing losses, persistent cash burn, negative equity, and rising debt—indicating elevated funding and balance-sheet risk. Technicals provide some offset as the stock is trading above key moving averages with a positive MACD, but valuation signals remain unfavorable given the loss-driven negative P/E and lack of dividend support.
Positive Factors
Gold asset platform
The company has an established gold-focused asset base and operating history, providing sector-specific expertise and a potential platform for future development. If assets or operations are restored, advanced, or monetized, this background could support renewed participation in gold production and related value creation.
Negative Factors
No operating revenue
The absence of reported revenue means the business is not currently demonstrating an operating engine that funds expenses or validates production economics. Persistent large losses weaken earnings quality and make future financial progress dependent on restarting operations or realizing non-operating recoveries.
Read all positive and negative factors
Positive Factors
Negative Factors
Gold asset platform
The company has an established gold-focused asset base and operating history, providing sector-specific expertise and a potential platform for future development. If assets or operations are restored, advanced, or monetized, this background could support renewed participation in gold production and related value creation.
Read all positive factors
Rusoro Mining (RML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$749.12M
Dividend YieldN/A
Average Volume (3M)714.84K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue GrowthN/A
EPS Growth-202.34%
CountryCA
Employees785
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.38
Shares Outstanding640,274,400
10 Day Avg. Volume124,568
30 Day Avg. Volume714,841
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. is a company primarily focused on the gold mining industry in Venezuela, where it is engaged in discovering, developing, and managing various gold properties. The firm's key assets comprise a 95% ownership stake in the Choco 10 ...
How the Company Makes Money
Rusoro’s primary way of generating economic value has been (1) revenue from gold production and sales when its mines were operating, and (2) proceeds related to legal/arbitration outcomes and enforcement actions tied to its expropriated or otherwi...
Rusoro Mining Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
3
Very Negative
Cash Flow
8
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
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 | 5.26M | -30.34M | -26.80M | -12.30M | -16.83M | -5.44M |
| Net Income | -236.05M | -266.53M | -40.71M | -30.25M | -18.69M | -14.19M |
Balance Sheet | ||||||
| Total Assets | 833.00K | 603.90K | 780.00K | 1.87M | 21.12K | 18.65K |
| Cash, Cash Equivalents and Short-Term Investments | 749.00K | 539.02K | 759.00K | 1.86M | 49.00 | 136.00 |
| Total Debt | 153.54M | 124.39M | 79.66M | 37.92M | 35.25M | 35.25M |
| Total Liabilities | 416.29M | 411.54M | 183.05M | 198.96M | 169.17M | 151.68M |
| Stockholders Equity | -396.80M | -392.31M | -162.60M | -177.42M | -149.48M | -132.00M |
Cash Flow | ||||||
| Free Cash Flow | -7.00M | -3.06M | -4.16M | -1.08M | -922.47K | -310.00 |
| Operating Cash Flow | -7.00M | -3.06M | -4.16M | -1.08M | -922.47K | -310.00 |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 7.71M | 2.83M | 3.06M | 2.94M | 922.37K | 0.00 |
Rusoro Mining Technical Analysis
Positive
1.16
Price Trends
1.13
Positive
1.12
Positive
1.11
Positive
Market Momentum
0.01
Negative
54.47
Neutral
81.48
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 1.16 is below the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.13, and above the 200-day MA of 1.11, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.47 is Neutral, neither overbought nor oversold. The STOCH value of 81.48 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$1.24B | 16.76 | 33.99% | ― | 79.46% | 102.76% | |
72 Outperform | C$634.47M | 13.61 | 26.76% | ― | ― | ― | |
61 Neutral | C$692.03M | 43.89 | 4.83% | 5.21% | 15.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$984.09M | -111.39 | -3.32% | ― | ― | -788.57% | |
51 Neutral | C$1.27B | -15.49 | -32.30% | ― | ― | -432.69% | |
46 Neutral | C$749.12M | -2.21 | 67.96% | ― | ― | -202.34% |
* General Sector Average
TSE:RML
Rusoro Mining
1.17
-0.13
-10.00%
TSE:TAU
Thesis Gold Inc
3.52
2.05
139.46%
TSE:FF
First Mining Gold
0.90
0.66
275.00%
TSE:MKO
Mako Mining Corp
14.15
7.56
114.72%
TSE:HSTR
Heliostar Metals
2.27
0.62
37.58%
TSE:JAG
Jaguar Mining
8.11
2.62
47.72%
Rusoro Mining Corporate Events
Legal Proceedings
Rusoro Mining Sees Major Win as Court Dismisses Most Gold Reserve Claims
Positive
Aug 17, 2026
Rusoro Mining reported a favourable development in its legal dispute with Gold Reserve after the Chancery Court dismissed five of Gold Reserve’s six claims. The company views the remaining claim, which survived on legal rather than factual g...
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.