Rise Gold Corp.

Rise Gold Corp. Annual Report Summary - Plain English Investor Guide

Let’s cut through the noise and see how Rise Gold really did this year. No jargon, just the key facts you need.

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1. What They Do & 2023 Performance

Rise Gold (founded in 2007) is trying to restart the Idaho-Maryland gold mine in California. They’re still in the planning phase—no digging yet. This year was all about:

• Environmental studies
• Test drilling
• Permit applications

Key Context:

• Changed names 3 times (latest: “Rise Gold” in 2017)
• Went public in Canada in 2016
• Increased shares from 40M to 400M in 2020 (watch for dilution)

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2. Financial Health Check

The Good:

• Losses dropped 20% to $3.26M (from $4.1M last year)
• Raised $7M after year-end, turning a $1.77M cash deficit into a $1.93M surplus
• Now claims 12 months of funding (up from 9 months)

The Bad:

• 12 straight years of losses ($33.5M total)
• Still burning ~$272k/month
• 400M share pool = high dilution risk

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3. Biggest Risks

1. Permit Delays: California’s strict rules could stall progress (again)
2. Dilution: Likely to issue more shares, reducing your stake
3. Decade-Long Losing Streak: $33.5M in losses shows this is ultra-risky

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4. Competitive Edge?

• Location: California has gold, but strict regulations
• Competitors: Mines in friendlier states move faster, but Rise’s project could be bigger if permits happen

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5. What’s Next for 2024?

• Make-or-Break: Final permits needed to start construction
• Expect more share sales to fund operations
• If permits fail, this becomes a 13-year money pit

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6. Gold Market Outlook

• Gold prices are strong (~$2,300/oz)
• California regulations getting tougher
• 400M shares could attract speculative traders

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Transparency Note

Rise Gold provided limited details about leadership changes or new strategies. This lack of updates might concern investors wanting clearer communication.

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Bottom Line for Investors

Treat this like a lottery ticket, not a stable investment:
✅ Pros: Less cash burn, new funding, permits might happen
❌ Cons: 12-year loss streak, dilution risk, regulatory hurdles

Only consider if:

• You’re comfortable with high risk
• You understand mining stocks
• You can afford to lose 100% of your investment

Not financial advice, but… if you invest here, keep it to 1-2% of your portfolio max.

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Final Thought:
Rise Gold is a speculative bet with slightly better odds this year. The $7M cash injection helps, but 12 years of losses prove this isn’t a quick win. Proceed with extreme caution.