Aftermath Silver (AAG) AI Stock Analysis

• Market Cap: C$388.35M
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.14
• Revenue Growth: N/A
• EPS Growth: -60.82%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 337,692,230
• 10 Day Avg. Volume: 1,064,555
• 30 Day Avg. Volume: 1,113,171
• PEG Ratio: -0.19
• Price to Book (P/B): 4.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: C$1.00 ▼(-5.66% Downside)

The score is held back primarily by weak financial performance (pre-revenue losses and worsening cash burn), partially offset by strong technical momentum and positive corporate developments (financing, ownership consolidation, and resource/drilling progress). Valuation remains challenged due to negative earnings and no dividend support.

Aftermath Silver Business Overview & Revenue Model

Company Description

Aftermath Silver Ltd., an exploration stage company, acquires, explores, and develops mineral properties. The company explores for silver, gold, and copper deposits. It holds interests in the Cachinal and Challacollo property located in Chile; and Berenguela property located in Puno, Peru. The company was formerly known as Full Metal Zinc Ltd. and changed its name to Aftermath Silver Ltd. in April 2014. Aftermath Silver Ltd. was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Aftermath Silver makes money primarily through the exploration and development of silver mining properties, which can lead to revenue generation through several channels. The company invests in early-stage mining projects with the goal of increasing their value over time by conducting geological assessments, exploration drilling, and feasibility studies. Once a project is sufficiently developed, Aftermath Silver can generate revenue through selling or leasing mining rights, entering joint venture agreements with larger mining companies, or eventually moving into production to directly sell extracted silver. Additionally, strategic partnerships and financing activities, such as issuing new shares or securing investment from stakeholders, play a significant role in supporting operational and exploration activities.

Aftermath Silver Financial Statement Overview

Summary

Aftermath Silver faces significant financial challenges due to a lack of revenue and persistent losses. The balance sheet is moderately strong due to a lack of debt, but the company must generate income to improve profitability and cash flow. Strategic changes may be necessary to ensure long-term viability in the mining industry.

Income Statement

The company has zero revenue, resulting in negative profitability metrics such as gross profit margin, net profit margin, EBIT margin, and EBITDA margin. The lack of revenue growth and persistent losses indicate significant challenges in achieving profitability.

Balance Sheet

The company's balance sheet shows no debt and a strong cash position. However, the lack of revenue and ongoing net losses erode stockholders' equity over time, posing risks to financial stability. The equity ratio is adequate for the industry, but the company needs to improve its income generation to support long-term financial health.

Cash Flow

Negative operating cash flow and free cash flow indicate ongoing operational challenges. While financing activities provide liquidity, the company must address operational inefficiencies to improve cash flow sustainability. The absence of positive cash flow from operations is a concern.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-14.69K	-14.68K	-2.84M	-16.80K	-6.45K	0.00
EBITDA	-15.23M	-14.01M	-5.26M	-5.44M	-6.56M	-6.26M
Net Income	-15.47M	-14.16M	-7.12M	-8.50M	-10.05M	-6.13M
Balance Sheet
Total Assets	38.30M	41.56M	32.13M	32.27M	28.08M	36.93M
Cash, Cash Equivalents and Short-Term Investments	10.37M	13.71M	4.33M	4.09M	2.83M	11.74M
Total Debt	2.07M	0.00	7.36M	6.71M	268.36K	507.96K
Total Liabilities	3.12M	5.19M	8.22M	7.20M	9.55M	10.77M
Stockholders Equity	35.18M	36.37M	23.92M	25.06M	18.53M	26.16M
Cash Flow
Free Cash Flow	-16.94M	-11.32M	-5.42M	-6.89M	-8.96M	-9.04M
Operating Cash Flow	-11.93M	-11.31M	-5.41M	-5.68M	-5.89M	-3.82M
Investing Cash Flow	-9.47M	-9.40M	-135.23K	-5.21M	-3.07M	-5.22M
Financing Cash Flow	26.13M	24.99M	5.78M	12.16M	47.55K	17.81M

Aftermath Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAG, the sentiment is Positive. The current price of 1.06 is above the 20-day moving average (MA) of 1.06, above the 50-day MA of 0.91, and above the 200-day MA of 0.76, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.57 is Neutral, neither overbought nor oversold. The STOCH value of 56.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AAG.

Aftermath Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRSL	57 Neutral	C$225.25M	-25.49	-50.60%	―	―	-235.10%
AAG	55 Neutral	C$388.35M	-22.42	-52.22%	―	―	-60.82%
AGX	52 Neutral	C$298.80M	-99.09	-6.09%	―	8.28%	87.46%
SLV	52 Neutral	C$44.84M	-34.43	―	―	―	-1.67%
VROY	49 Neutral	C$323.66M	-23.43	-18.35%	―	―	―
BHS	46 Neutral	C$36.30M	-12.12	―	―	―	42.57%

Aftermath Silver Corporate Events

Aftermath Silver Secures Full Ownership of Flagship Berenguela Project in Peru

Aftermath Silver has completed the acquisition of a 100% interest in the Berenguela silver-copper-manganese project in Peru from SSR Mining, consolidating full ownership of its flagship asset and reinforcing its strategy to become a producer of silver and critical minerals. With Berenguela and the Challacollo silver project in Chile now fully owned, the company is advancing Phase 3 drilling and engineering studies at Berenguela to convert resources, test high-grade exploration targets and define initial mining areas, positioning itself as a prominent silver development company with potential to supply key co-products copper and manganese to the battery and critical metals markets.

The most recent analyst rating on (TSE:AAG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Aftermath Silver stock, see the TSE:AAG Stock Forecast page.

Aftermath Silver Raises $20 Million to Advance Berenguela and Project Pipeline

Aftermath Silver has closed a brokered, best-efforts private placement of 22,222,250 common shares, raising gross proceeds of approximately $20 million, with participation from notable investor Eric Sprott. Conducted under the listed issuer financing exemption, the offering provides freely tradable shares in Canada and remains subject to final TSX Venture Exchange approval, while a related party acquired a significant portion of the shares under exemptions from valuation and minority approval rules. Net proceeds will be directed toward further exploration and development at the flagship Berenguela silver-copper-manganese project in Peru, completion of a pre-feasibility study there, additional work on the company’s other mineral assets, and general working capital, strengthening Aftermath’s financial position to advance its project pipeline.

Aftermath Silver Expands Financing to $20 Million with Eric Sprott’s Participation

Aftermath Silver Ltd. has announced an increase in its brokered private placement offering to $20 million due to strong investor demand, with significant participation from Eric Sprott. The funds will be used for exploration and development at the Berenguela Project in Peru, completing a pre-feasibility study, and other corporate purposes, potentially enhancing the company’s project pipeline and market positioning.

Aftermath Silver Secures $15 Million for Project Expansion

Aftermath Silver Ltd. has announced a $15 million brokered private placement offering, with significant participation from Eric Sprott. The proceeds will be used for exploration and development at the Berenguela Silver-Copper-Manganese project in Peru, completion of a pre-feasibility study, and general corporate purposes. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the silver and critical metals industry.

Aftermath Silver Expands Drilling Operations in Peru and Chile

Aftermath Silver Ltd. has commenced a significant drilling campaign at its Berenguela project in Peru and started drilling at the Challacollo project in Chile. The Berenguela project aims to explore high-grade copper areas and upgrade resource classifications, while Challacollo focuses on expanding its silver-gold resource. These efforts are strategically timed with the increasing prices of silver and copper, potentially enhancing Aftermath Silver’s market position and resource valuation.

Aftermath Silver Boosts Berenguela Resource Estimate by 21%

Aftermath Silver Ltd. has announced a significant update to its Mineral Resource Estimate for the Berenguela deposit in Peru, showing a 21% increase in contained silver within measured and indicated resources, now totaling 122.5 million ounces. This update, based on extensive drilling and geological modeling, enhances the understanding of the deposit and significantly de-risks the resource, positioning the company for further development and potential expansion, particularly towards the eastern margins of the mineralization.

Aftermath Silver Secures Full Ownership of Berenguela Project

Aftermath Silver Ltd. has successfully completed the final payment for the acquisition of the Berenguela silver-copper-manganese project, securing 100% ownership ahead of the due date. This strategic move, facilitated by agreements with EMX Royalty Corporation and SSR Mining Inc., positions Aftermath Silver at the forefront of a significant critical metals project, as they initiate a comprehensive pre-feasibility study to explore production opportunities.

Aftermath Silver Engages ITG for Market Making to Boost Liquidity

Aftermath Silver Ltd. has engaged Independent Trading Group (ITG) to provide market making services to maintain a reasonable market and improve the liquidity of its securities. This agreement, which involves trading the company’s common shares on the TSX Venture Exchange, is expected to enhance the company’s market presence and potentially attract more investors, thereby benefiting stakeholders by improving stock liquidity.