Sun Silver Ltd. (AU:SS1)
ASX:SS1
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Sun Silver Ltd.
(Sydney:SS1)
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Rating:46Neutral
Price Target:
AU$1.50
▲(2.74% Upside)
Action:N/ADate:04/09/26
The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing cash burn) despite a stronger balance sheet with low debt. Technical signals are mixed/neutral, and valuation metrics are not supportive given the loss-making profile and no dividend.
Positive Factors
Larger equity base
Equity rose materially (~49.0M in 2025 vs ~23.9M in 2024), creating a larger capital cushion that supports multi-year exploration and development spending without immediate refinancing. This reduces near-term solvency risk and gives management time to advance projects.
Negative Factors
Pre-revenue with widening losses
Sun Silver remains pre-revenue (zero reported revenue in both years) while losses widened sharply (net loss ~6.9M in 2025 vs ~2.3M in 2024). This indicates the company’s business model hasn’t yet been validated commercially and prolongs reliance on capital markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Larger equity base
Equity rose materially (~49.0M in 2025 vs ~23.9M in 2024), creating a larger capital cushion that supports multi-year exploration and development spending without immediate refinancing. This reduces near-term solvency risk and gives management time to advance projects.
Read all positive factors
Sun Silver Ltd. (SS1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$236.46M
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)―
Beta (1Y)3.35
Revenue GrowthN/A
EPS Growth-155.62%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)N/A
Shares Outstanding184,011,920
10 Day Avg. Volume3,556,270
30 Day Avg. Volume2,637,466
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)6.36
Price to Sales (P/S)0.00
P/FCF Ratio-157.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.15Price Target Upside184.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sun Silver Ltd. Business Overview & Revenue Model
Company Description
Sun Silver Ltd. is engaged in the provision of exploration and mining services. It develops the maverick springs silver project. The company was founded on January 27, 2023 and is headquartered in East Perth, Australia....
How the Company Makes Money
null...
Sun Silver Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Dec 2024 |
|---|---|---|
Income Statement | ||
| Total Revenue | 0.00 | 0.00 |
| Gross Profit | -18.71K | -3.06K |
| EBITDA | -7.66M | -2.44M |
| Net Income | -6.87M | -2.27M |
Balance Sheet | ||
| Total Assets | 49.90M | 24.23M |
| Cash, Cash Equivalents and Short-Term Investments | 30.22M | 13.61M |
| Total Debt | 296.97K | 0.00 |
| Total Liabilities | 850.09K | 331.85K |
| Stockholders Equity | 49.05M | 23.90M |
Cash Flow | ||
| Free Cash Flow | -1.98M | -6.41M |
| Operating Cash Flow | -1.93M | -1.48M |
| Investing Cash Flow | -27.51M | -19.60M |
| Financing Cash Flow | 28.04M | 24.29M |
Sun Silver Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$217.34M | -17.50 | -26.45% | ― | ― | -3250.00% | |
53 Neutral | AU$208.80M | -26.94 | -5.45% | ― | ― | -176.00% | |
49 Neutral | AU$237.14M | -4.78 | -8.87% | ― | ― | 99.23% | |
46 Neutral | AU$236.46M | -13.93 | -19.05% | ― | ― | -155.62% | |
46 Neutral | AU$355.21M | -64.96 | -1.97% | ― | 104.04% | 25.00% | |
45 Neutral | AU$212.80M | -9.22 | -87.62% | ― | -100.00% | -2337.50% |
* Basic Materials Sector Average
AU:SS1
Sun Silver Ltd.
1.29
0.63
96.18%
AU:SVL
Silver Mines Limited
0.17
0.06
50.00%
AU:TGM
Theta Gold Mines
0.21
0.06
46.43%
AU:BGD
Barton Gold Holdings Limited
0.89
0.42
89.36%
AU:AS1
Golden Rim Resources Ltd
0.13
0.08
154.90%
AU:VTM
Victory Goldfields Limited
1.66
1.18
248.42%
Sun Silver Ltd. Corporate Events
Sun Silver Taps Ausenco to Fast-Track Studies at Maverick Silver Project
Apr 14, 2026
Sun Silver has appointed global engineering group Ausenco as lead engineering consultant for its Maverick Silver Project in Nevada, engaging the firm to deliver concept-level engineering and internal scoping studies ahead of a maiden Scoping Study...
Sun Silver Files Updated ASX Corporate Governance Statement and Appendix 4G
Mar 31, 2026
Sun Silver Ltd. has lodged its updated corporate governance statement for the financial year ended 31 December 2025, confirming that the document is current as of 31 March 2026 and available on its website for investors and regulators. The filing,...
Sun Silver Affirms Maverick Springs Resource Estimates in 2025 Annual Report
Mar 31, 2026
Sun Silver Limited has released its annual report for the year ended 31 December 2025, outlining its corporate governance, key appointments and confirmations related to its flagship Maverick Springs Project. The report reiterates that previously r...
Sun Silver Sets Date and Director Nomination Deadline for 2026 AGM
Mar 26, 2026
Sun Silver Limited has scheduled its Annual General Meeting for 10:00 a.m. AWST on 25 May 2026 at Level 39, Central Park, 152-158 St Georges Terrace in Perth, Western Australia. The notice reinforces the company’s commitment to shareholder e...
Sun Silver Reports Standout Metallurgical Recoveries at Maverick Springs
Mar 4, 2026
Sun Silver reported exceptional metallurgical results from recent testwork at its Maverick Springs silver-gold project in Nevada, with intermittent bottle roll cyanide leach tests on coarse-crush material indicating silver recoveries averaging 77%...
Sun Silver director boosts shareholding through performance rights conversion
Feb 20, 2026
Sun Silver director Andrew Dornan has adjusted his holding in the company through the exercise of vested performance rights, converting 4,000,000 performance rights into an equivalent number of fully paid ordinary shares for no cash consideration....
Sun Silver Seeks ASX Quotation for 4.6 Million New Shares
Feb 20, 2026
Sun Silver Ltd. has applied to the ASX for quotation of 4.6 million new ordinary fully paid shares under its existing SS1 ticker, with an issue date of 20 February 2026. The move expands the company’s quoted share capital base, potentially e...
Sun Silver applies to quote 350,000 new ASX shares
Feb 10, 2026
Sun Silver Ltd., which trades on the ASX under code SS1, has disclosed a change in its capital structure through the issue of additional ordinary fully paid shares. The brief filing does not outline the company’s operating sector or strategi...
Sun Silver Taps Nevada Specialist to Lead Permitting for Maverick Springs Project
Feb 4, 2026
Sun Silver has appointed Reno-based Sunstone Environmental Solutions as lead environmental consultant to manage mine permitting and the full NEPA process, including preparation of the Mine Plan of Operations and an Environmental Impact Statement, ...
Sun Silver Lifts Maverick Springs Resource as Silver Gains Critical Status
Jan 29, 2026
Sun Silver reported a substantial increase in the mineral resource at its Maverick Springs project to 539 million ounces silver-equivalent, driven by its 2025 drilling campaign and a historical re-assay program that has demonstrated wide, continuo...
Sun Silver Drilling Confirms Higher-Grade Silver-Gold and Antimony at Maverick Springs
Jan 27, 2026
Sun Silver has reported final assay results from its 2025 drilling program at the Maverick Springs project, with new holes MR25-231 and MR25-221 returning thick, high-grade silver-gold and antimony intercepts that exceed the grades of the existing...
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.