Riversgold Balance Sheet Health

Financial Health criteria checks 6/6

Riversgold has a total shareholder equity of A$7.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.8M and A$228.2K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$775.55k
Equity	AU$7.62m
Total liabilities	AU$228.17k
Total assets	AU$7.85m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RGL's short term assets (A$856.3K) exceed its short term liabilities (A$228.2K).

Long Term Liabilities: RGL has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: RGL is debt free.

Reducing Debt: RGL has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RGL has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RGL is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Riversgold Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Riversgold Limited Ordinary Shares to Be Deleted from Other OTC

Recent updates

New minor risk - Financial data availability

Riversgold Limited Receives the First Batch of Assay Results from Aircore Drilling

Riversgold Limited, Annual General Meeting, Nov 28, 2024

Riversgold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.85 million.

New major risk - Share price stability

Riversgold Limited has filed a Follow-on Equity Offering in the amount of AUD 1.85 million.

Riversgold Limited Announces CEO Changes

Riversgold Ltd Provides Northern Zone Project Development Update

New minor risk - Shareholder dilution

Riversgold Limited Receives Assay Results from Diamond Drilling Programme at the Northern Zone Intrusive Hosted Gold Project

Riversgold Limited (ASX:RGL) entered into a purchase agreement from Redstone Metals Pty Ltd for AUD 0.2 million.

Riversgold Limited, Annual General Meeting, Nov 30, 2023

New major risk - Financial position

New major risk - Share price stability

Corcel plc Announces Initial Drilling Results from the Mt. Weld Rare Earth Element Joint Venture with Riversgold Limited

Riversgold Limited (ASX:RGL) singed a agreement to acquire to acquire 20% stake in Queen Lapage project (E25/538 and E28/2580), Venetian project (E25/540) and Jaws project (E25/539) from Serendipity Pty Ltd

Riversgold Limited Lithium Commences Drilling to Imminently at Mt Holland

Riversgold Limited Provides Update on Lithium Soil Geochemical Results At the Mt Holland Lithium Project

Riversgold Limited Provides an Update on Exploration Activities at its Tambourah and Mt Holland Lithium Projects

Riversgold Limited Announces Resignation of Xavier Braud as Non-Executive Director

Riversgold Limited Appoints Edward Mead as Non-Executive Director

Riversgold Limited Provides Mt Holland Lithium Exploration Progress Update

Less than half of directors are independent

Riversgold Limited Announces DGPR Survey Expansion at Tambourah Lithium

Riversgold Limited Intends to Expand the Currently Contracted 2,500M Reverse Circulation (Rc) Drilling Program

Riversgold Limited Announces Preliminary Results from its Maiden RC Drilling Program at its Tambourah Lithium Pegmatite Project in the Pilbara Region of WA

Riversgold Limited Announces Maiden 2,500M RC Drilling Program Has Commenced at it's 100%-Owned Tambourah Lithium Project in the Pilbara Region of Western Australia

Riversgold Limited Engages Strike Drilling to Undertake the Maiden 2,500M RC Drilling Program At the Company's Tambourah Lithium Project in Western Australia's Pilbara Region

Riversgold Limited (ASX:RGL) agreed to acquire Prospecting Licence P45/3135 in Western Australia from Tristar Nominees Pty Ltd for AUD 0.04 million.

Insider recently sold AU$222k worth of stock

Riversgold Limited Signs Binding Agreement Granting It an Option to Acquire an 80% Interest in the Lithium Rights to Exploration Licence E77/2784

Riversgold Ltd Announces That It Submits Program of Works (Pow) to the Department of Mines, Industry Regulation and Safety (Dmirs) for 10,000M of Drilling At 100%-Owned Tambourah Lithium Project in Pilbara Region of Western Australia

Riversgold Limited, Annual General Meeting, Oct 26, 2022

Riversgold Limited (ASX:RGL) agreed to acquire Lithium tenements at Southern Cross from Mining Equities Pty Ltd and Bullfinch Metals Pty Ltd for AUD 0.44 million.

Riversgold Limited Reports Progress on Tambourah Lithium Project

Riversgold Limited announces Field Work Recommences At Tambourah

Riversgold Limited Announces Assay Results from the Field Campaign Recently Completed At Its Tambourah Lithium Project

Riversgold Limited Announces Tambourah Lithium Tenement Granted

Less than half of directors are independent

Riversgold Limited Provides Tambourah Lithium Project Update

Riversgold Limited Announces Lithium Mineralisation Confirmed At Bengal Prospect, Tambourah

Riversgold Limited Ordinary Shares to Be Deleted from Other OTC

Riversgold Limited Announces Update on JORC Table

Riversgold Limited Reports Queen Lapage 3D Seismic Survey Reveals Multiple Shear Zones

Riversgold Limited Reports Final Results of Pre-Christmas Surface Sampling Program

Riversgold Limited Appoints Ms. Oonagh Malone as Company Secretary

Riversgold Limited Announces Update on Exploration Activities

Riversgold Limited announced that it has received AUD 1.5325 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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