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Riverside Resources
(RRI)
Riverside Resources (RRI) vs. S&P 500 (SPY)
Riverside Resources Business Overview & Revenue Model
Riverside Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -17.48K | -5.73K | -5.50K | -63.15K | -75.94K | -58.97K | EBIT |
| -1.02M | -1.22M | -1.02M | -634.09K | -3.06M | -1.07M | EBITDA |
| -763.50K | -1.07M | -340.42K | -607.40K | -652.79K | -790.46K | Net Income Common Stockholders |
| -545.05K | -1.60M | -395.19K | -207.59K | 734.13K | 2.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.20M | 5.62M | 7.41M | 7.05M | 7.37M | 6.05M | Total Assets |
| 14.00M | 13.83M | 15.32M | 16.32M | 14.90M | 12.22M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.97K | Net Debt |
| -5.12M | -5.50M | -7.23M | -6.92M | -5.97M | -4.56M | Total Liabilities |
| 1.65M | 1.96M | 1.76M | 4.09M | 3.92M | 2.66M | Stockholders Equity |
| 11.93M | 11.87M | 13.56M | 12.23M | 10.98M | 9.56M |
| Cash Flow | Free Cash Flow | ||||
| -1.30M | -2.55M | -2.13M | -2.08M | -1.67M | -2.11M | Operating Cash Flow |
| 420.83K | -555.53K | -592.78K | -1.05M | -875.69K | -908.74K | Investing Cash Flow |
| -1.98M | -1.18M | -546.08K | 740.77K | 1.95M | 1.23M | Financing Cash Flow |
| 477.00K | 0.00 | 0.00 | 720.48K | 416.21K | 1.04M |
Riverside Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $3.91B | -17.92 | -14.99% | 6.44% | 25.52% | -80.16% | |
48 Neutral | C$13.69M | ― | -10.40% | ― | ― | -48.31% | |
45 Neutral | C$1.17B | ― | -4.03% | ― | ― | ― | |
44 Neutral | C$366.73M | ― | -109.44% | ― | ― | 10.27% | |
43 Neutral | C$48.42M | ― | -1.35% | ― | ― | -47.54% | |
31 Underperform | C$39.22M | ― | -91.29% | ― | ― | 7.15% |
Riverside Resources Corporate Events
Riverside Resources Inc. has received final court approval from the Supreme Court of British Columbia for the spin-out of its subsidiary, Blue Jay Gold Corp. The transaction, pending final approval from the TSX Venture Exchange, is expected to be completed in the second quarter of 2025. This strategic move allows Riverside to focus on its core exploration activities while potentially enhancing shareholder value through the separate listing of Blue Jay’s shares.
Riverside Resources Inc. announced the approval of its plan to spin out its subsidiary, Blue Jay Gold Corp., following a successful shareholder vote. This strategic move allows Riverside to concentrate on its core operations, while Blue Jay will focus on gold exploration in northwestern Ontario, a region with significant mining potential. The spin-out is expected to enhance shareholder value by enabling both companies to pursue focused strategies, with Blue Jay anticipated to list on the TSX Venture Exchange.
Riverside Resources Inc. has announced the filing of its management information circular in preparation for a special meeting to approve a spinout transaction with Blue Jay Gold Corp. If approved, this arrangement will allow Riverside shareholders to hold shares in both Riverside and Blue Jay, with Blue Jay planning to list on the TSX Venture Exchange. This transaction, involving Blue Jay’s gold projects in Northwestern Ontario, is seen as beneficial for Riverside shareholders and is supported by the company’s board of directors.
Riverside Resources has provided an update on its exploration progress in Canada and Mexico, highlighting significant technical results from its gold and copper assets, as well as rare earth element projects. The company is advancing several projects, including the Deer Park Gold Project in Canada and the Cuarentas Gold Project in Mexico, and is preparing for a spinout of Blue Jay Gold. Riverside is actively engaging with potential partners and investors at the PDAC conference, showcasing its diverse portfolio and exploration potential.
Riverside Resources has received conditional approval from the TSX Venture Exchange for the spin-out of Blue Jay Gold Corp., which will be voted on by shareholders in March 2025. This strategic move aligns with Riverside’s 2025 plans, allowing shareholders to gain direct exposure to Blue Jay Gold while Riverside retains royalties on its Ontario gold projects. The company has also engaged ICP Securities Inc. for automated market-making services, further positioning itself for growth and enhancing shareholder value.
Riverside Resources has progressed to the second phase of its exploration program at the Cecilia Gold Project in Sonora, Mexico, following positive results from their Q4 2024 drilling. In partnership with Fortuna Mining, Riverside’s drilling campaign has identified promising gold mineralization across several target areas, including the San Jose Vein System, which confirmed significant mineralization potential. The exploration efforts aim to expand district-scale targets and deliver sustained value to stakeholders by unlocking new opportunities.
Riverside Resources announced the spin-out of its Ontario Gold Projects into a new company, Blue Jay Gold Corp, aiming to increase shareholder value by allowing distinct capital market valuation for the projects. This strategic move provides Riverside shareholders with a stake in Blue Jay Gold, while Riverside retains a 2% NSR royalty on the properties, offering flexibility in investment strategies and potentially accelerating project development.
Riverside Resources has outlined its strategic outlook for 2025, highlighting key achievements from 2024. The company plans to spin out its Ontario gold assets into a separate exploration entity and continue exploration activities across its Canadian and Mexican projects, including collaborations with Fortuna Mining at the Cecilia Project. Riverside is also prioritizing exploration for critical minerals in British Columbia and evaluating potential acquisitions to expand its portfolio in North America. These initiatives align with the company’s strategy to capitalize on favorable market conditions and enhance shareholder value.