Low Debt / Strong LiquidityEffectively zero debt and very low historical leverage give Silver Mines durable financial flexibility to fund Bowdens development, absorb delays, and access project finance without immediate solvency pressure. This reduces refinancing risk over a 2–6 month horizon.
Growing Capital BaseA meaningful increase in equity and total assets builds a sizable capital base that can underwrite exploration and permitting costs. A larger asset/equity base widens financing options (internal funding, asset-backed loans), lowering dilution risk while advancing projects.
Improving Cash Flow TrendA notable improvement in free cash flow in 2025, though still negative, indicates progress in reducing cash burn and better cash discipline. If sustained, this trend lengthens runway, reduces near-term external funding needs and supports steady project development.