Silver Mountain Resources, Inc. Class A (AGMR) AI Stock Analysis

• Market Cap: C$229.29M
• Dividend Yield: N/A
• Average Volume (3M): 244.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: N/A
• EPS Growth: -285.42%
• Country: CA
• Employees: 31
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.55
• Shares Outstanding: 57,465,450
• 10 Day Avg. Volume: 274,166
• 30 Day Avg. Volume: 244,445
• PEG Ratio: -6.56
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.43
• 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: 54 Neutral
• Price Target: C$4.00 ▼(-1.96% Downside)

The score is held back primarily by very weak financial performance (pre-revenue, sizeable losses, and sustained cash burn) and a negative P/E tied to unprofitability. These risks are partly offset by favorable technical momentum (strong uptrend vs. key moving averages with positive MACD) and a low-leverage balance sheet with $0 debt.

Positive Factors

Zero debt / low leverage

Zero reported debt materially reduces refinancing and interest-rate risk, lowering fixed financial obligations. This structural low-leverage profile gives management flexibility to fund exploration or development from existing capital and equity, improving survival prospects during multi-year project timelines.

Meaningful equity base and asset growth

A tangible equity cushion (~$30M TTM) and materially grown assets provide capital to sustain operations and advance projects without immediate debt. This capital base supports multi-stage mineral development, reduces short-term liquidity pressure, and limits how quickly losses erode the company’s ability to fund programs.

Improving cash-burn dynamics and non-cash charges

Free cash flow being less negative than net income and a noted improvement versus 2022 imply sizable non-cash charges and gradually better operating cash dynamics. Structurally, this reduces urgency for immediate financing and suggests management is improving cash discipline, extending runway for development activities.

Negative Factors

Pre-revenue status

The company remains pre-revenue, so there is no stable earnings or cash-generation base to support operating costs or capital-intensive development. This structural absence of sales heightens reliance on external funding and makes long-term viability contingent on achieving production or monetizable assets.

Persistent negative operating and free cash flow

Consistent negative operating and free cash flows reflect ongoing cash burn to fund exploration and operations. Over the medium term, sustained outflows increase the probability of dilutive equity raises or asset disposals, constraining strategic optionality and placing pressure on the company to secure financing before reaching cash break-even.

Large losses and negative returns on equity

A steep TTM net loss (~-$16.9M) and severely negative ROE (~-52%) indicate that operations are materially eroding shareholder equity. Persisting at these loss levels would deplete the equity cushion, forcing dilutive capital raises or strategic disposals and undermining long-term financial sustainability.

Silver Mountain Resources, Inc. Class A Business Overview & Revenue Model

Company Description

Silver Mountain Resources Inc., primarily engages in the acquisition, exploration, and development of precious metal resource properties in Peru. The company primarily explores for silver. Its principal asset is the Castrovirreyna project located in the province of Castrovirreyna, Peru. The company is headquartered in Toronto, Canada.

How the Company Makes Money

Silver Mountain Resources, Inc. makes money through several key revenue streams. Primarily, the company generates income by extracting silver and other precious metals from its mining operations and selling these refined products to industrial clients, manufacturers, and commodity markets. The company's revenue is driven by the market demand and price fluctuations of silver and other metals, which are influenced by global economic conditions and industrial applications. Additionally, AGMR may engage in strategic partnerships and joint ventures to enhance its exploration and production capabilities, thus potentially increasing its revenue potential. The company also focuses on cost-effective and sustainable mining practices to optimize profitability.

Silver Mountain Resources, Inc. Class A Financial Statement Overview

Summary

Overall fundamentals are weak due to $0 revenue across periods, persistent losses, and ongoing negative operating/free cash flow (continued cash burn). The main offset is a relatively supportive balance sheet with $0 debt and a meaningful equity base, but heavy recent losses (TTM) and negative ROE raise sustainability risk if funding is needed.

Income Statement

Financial performance remains very weak: revenue is consistently $0 across annual periods and TTM (Trailing-Twelve-Months), indicating the business has not yet reached a producing/meaningful sales stage. Losses are persistent and large, with net income deteriorating sharply in TTM (Trailing-Twelve-Months) (about -$16.9M) versus small losses reported in 2024, suggesting a step-up in costs (e.g., exploration, development, or other operating spend). With no revenue base, margins are not informative and the path to profitability is not yet visible in the provided data.

Balance Sheet

The balance sheet is a relative strength: total debt is currently $0 (TTM and recent annual), which reduces refinancing risk and financial leverage. Equity remains sizable (~$30.0M in TTM (Trailing-Twelve-Months)) and assets have grown materially versus earlier years, supporting ongoing operations/investment. The key weakness is negative returns on equity (notably about -52% in TTM (Trailing-Twelve-Months)), reflecting heavy losses that can erode the equity base over time if not reversed.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are consistently negative across all periods, including TTM (Trailing-Twelve-Months) (operating cash flow about -$3.3M; free cash flow about -$4.2M), implying ongoing cash burn to fund operations and investment. Cash burn improved versus 2022 levels, but the business remains dependent on external funding (equity raises/asset sales) absent revenue. A positive note is that free cash flow is less negative than net income in TTM (Trailing-Twelve-Months), suggesting some non-cash charges within earnings, but it does not change the overall cash outflow profile.

Breakdown	TTM	Dec 2024	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	-5.76K	0.00	0.00	-225.88K	-184.49K	-182.25K
EBITDA	-16.82M	-3.14K	-3.90M	-6.16M	-1.31M	-535.29K
Net Income	-16.91M	-2.11K	―	-5.26M	-2.55M	-1.26M
Balance Sheet
Total Assets	61.62M	36.45M	33.36M	27.75M	16.90M	8.47M
Cash, Cash Equivalents and Short-Term Investments	16.77M	4.27M	4.66M	8.77M	6.99M	203.61K
Total Debt	0.00	0.00	0.00	0.00	2.42M	2.58M
Total Liabilities	31.60M	2.74M	2.49M	2.63M	3.14M	2.60M
Stockholders Equity	30.02M	33.71M	30.87M	25.12M	13.77M	5.87M
Cash Flow
Free Cash Flow	-4.19M	-3.05M	-4.80M	-9.13M	-1.43M	-551.24K
Operating Cash Flow	-3.28M	-3.00M	-4.61M	-8.82M	-1.36M	-535.30K
Investing Cash Flow	-1.96M	-3.90M	-9.09M	-5.96M	-1.30M	-656.96K
Financing Cash Flow	17.59M	6.51M	9.59M	16.56M	9.45M	338.55K

Silver Mountain Resources, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AGMR, the sentiment is Neutral. The current price of 4.08 is below the 20-day moving average (MA) of 4.24, above the 50-day MA of 3.66, and above the 200-day MA of 2.22, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 51.23 is Neutral, neither overbought nor oversold. The STOCH value of 22.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:AGMR.

Silver Mountain Resources, Inc. Class A 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%
SSV	58 Neutral	C$316.80M	-36.67	-19.63%	―	―	-34.83%
AGMR	54 Neutral	C$229.29M	-6.44	-9.95%	―	―	-285.42%
VIPR	52 Neutral	C$161.94M	-9.14	-62.47%	―	―	-57.64%
DEF	49 Neutral	C$120.76M	-47.89	-4.10%	―	―	43.20%
BRC	47 Neutral	C$517.17M	-20.50	-151.33%	―	―	-198.87%
CAPT	46 Neutral	$267.33M	-145.81	-6.80%	―	―	14.37%

Silver Mountain Resources, Inc. Class A Corporate Events

Silver Mountain Advances Reliquias Restart, Plans Dual Drilling Programs in Peru

Silver Mountain Resources has reported steady progress on restarting its flagship Reliquias Mine in Huancavelica, Peru, with underground development now totaling about 1,500 metres and processing plant refurbishment and tailings storage facility rehabilitation advancing on schedule. The company has stockpiled roughly 2,500 tonnes of mineralized material and is preparing to launch a 7,000-metre infill drilling campaign at Reliquias and a separate 10,000-metre drilling program at the nearby Caudalosa Mine to bolster resource confidence and support future mine planning, all underpinned by a treasury of more than US$32 million as it targets a return to commercial production in the third quarter of 2026.

The most recent analyst rating on (TSE:AGMR) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Silver Mountain Resources, Inc. Class A stock, see the TSE:AGMR Stock Forecast page.

Silver Mountain Reports High-Grade Silver and Advances Stockpiling at Reliquias Project

Silver Mountain Resources Inc. has reported promising results from its underground channel sampling at the Reliquias Project in Peru, revealing high-grade silver and polymetallic veins. The company has also commenced stockpiling mineralized material, a significant step towards its goal of starting commercial production in Q3 2026. These developments highlight the project’s potential and the company’s commitment to advancing its operations, which could positively impact its market positioning and stakeholder confidence.

Silver Mountain Resources Secures $30 Million in Upsized Public Offering

Silver Mountain Resources Inc. successfully closed a $30 million upsized ‘bought deal’ public offering, issuing 11,500,000 units at $2.60 each. The proceeds will be used for exploration, capital improvements, and general corporate purposes. The offering involved a syndicate of underwriters and included participation from company insiders, which is considered a related party transaction under regulatory guidelines. The transaction is subject to final approval from the TSX Venture Exchange.

Silver Mountain Resources Announces Director Resignation

Silver Mountain Resources Inc. announced the resignation of Julio Arce from his position as a Director, effective November 12, 2025, due to personal reasons. The board, now consisting of José Vizquerra, Juan Carlos Ortiz, Tim Loftsgard, Johnny Decooman, and Gerardo Fernandez, expressed gratitude for Arce’s contributions and wished him well in his future endeavors.

Silver Mountain Expands Financing to Boost Exploration Efforts

Silver Mountain Resources Inc. has increased its previously announced bought deal financing to C$26 million due to strong demand. The offering involves the issuance of 10 million units, each comprising one common share and purchase warrants, with the proceeds intended for exploration activities and general corporate purposes. The financing is expected to enhance the company’s operational capabilities and market positioning, subject to necessary approvals.

Silver Mountain Secures C$15 Million Financing to Boost Exploration

Silver Mountain Resources Inc. has announced a C$15 million bought deal financing agreement with Velocity Capital Partners and a syndicate of underwriters. This financing will involve the sale of 5,770,000 units, each consisting of common shares and warrants, to fund exploration activities and general corporate purposes. The offering is expected to close on November 18, 2025, pending necessary approvals, and could increase to C$17.25 million if an over-allotment option is fully exercised. This move is anticipated to bolster Silver Mountain’s exploration capabilities and strengthen its market position in the mining sector.