Rise Gold Corp Reports $2.6M Net Loss in First Half of Fiscal 2026

Rise Gold Corp, a Nevada-based gold exploration company, reported a net loss of $2.58 million for the six months ending January 31, 2026, compared to a loss of $1.31 million in the same period a year earlier. The company reported no revenue during either period. Read more earnings reports.

The company's quarterly loss for the three months ending January 31, 2026 totaled $1.23 million, up from $686,333 in the prior-year quarter. Loss per share for the first half of fiscal 2026 remained at negative $0.02, unchanged from the year-ago period despite the wider loss, as the company's weighted average share count nearly doubled to 108.6 million shares from 55.8 million shares.

Cash from operations showed a burn rate of $1.68 million for the six months ending January 31, 2026, more than double the $729,599 used in the prior-year period. The company raised $6.93 million from financing activities during the first half, a sharp reversal from the $359,873 cash outflow from financing in the year-ago period.

Balance Sheet Strengthens

Rise Gold's cash and restricted cash position jumped to $8.03 million as of January 31, 2026, up from $2.78 million as of July 31, 2025. The company held total assets of $9.62 million as of the end of the period, more than double the $4.44 million reported six months earlier.

Total liabilities declined to $735,570 as of January 31, 2026, down from $1.18 million at the end of the prior fiscal year. Stockholders' equity increased to $8.88 million from $3.26 million over the same period. The company had 123.3 million common shares outstanding as of January 31, 2026.

The company's retained deficit widened to negative $36.08 million as of January 31, 2026, compared to negative $33.49 million as of July 31, 2025. Additional paid-in capital increased to $44.94 million from $36.77 million during the same period.

Operating Expenses and Other Items

Interest expense dropped sharply to $3,915 for the six months ending January 31, 2026, down from $165,116 in the year-ago period. Other income totaled $119,833 for the first half of fiscal 2026, compared to $7,536 in the prior-year period.

The company reported zero property, plant and equipment as of January 31, 2026, compared to $511,530 as of July 31, 2024. Depreciation and amortization was zero for the current six-month period.

*As of July 31, 2025