Blackrock Silver (TSE:BRC)
:BRC
Top Page
Blackrock Silver
(BRC)
Select Model
Select Model
Rating:45Neutral
Price Target:
C$1.00
▼(-16.67% Downside)
Action:ReiteratedDate:03/18/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and rising cash burn), partially offset by low balance-sheet leverage. Technical indicators also suggest subdued momentum, while valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Low financial leverage
Very low leverage reduces financial risk for a development-stage miner, lowering interest burden and preserving borrowing capacity. Over 2–6 months this supports continued exploration funding flexibility and makes the company less vulnerable to rate moves or covenant pressure compared with highly levered peers.
Negative Factors
No revenue; widening net losses
A sustained pre-revenue profile with materially larger 2025 losses highlights persistent operational risk: the business cannot self-fund exploration or development. Over the next several months this raises reliance on external capital and increases dilution or project-timing risk if markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low leverage reduces financial risk for a development-stage miner, lowering interest burden and preserving borrowing capacity. Over 2–6 months this supports continued exploration funding flexibility and makes the company less vulnerable to rate moves or covenant pressure compared with highly levered peers.
Read all positive factors
Blackrock Silver (BRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$436.04M
Dividend YieldN/A
Average Volume (3M)2.10M
Price to Earnings (P/E)―
Beta (1Y)3.29
Revenue GrowthN/A
EPS Growth-198.87%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding363,370,800
10 Day Avg. Volume1,409,242
30 Day Avg. Volume2,100,614
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)12.89
Price to Sales (P/S)0.00
P/FCF Ratio-9.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.90Price Target Upside58.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.05
Revenue Forecast (FY)N/A
Blackrock Silver Business Overview & Revenue Model
Company Description
Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties located in the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold...
How the Company Makes Money
null...
Blackrock Silver Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -80.18K | -64.35K | -46.99K | -37.05K | -22.84K |
| EBITDA | -20.90M | -11.71M | -5.93M | -17.46M | -28.09M |
| Net Income | -21.08M | -11.76M | -6.00M | -17.51M | -28.02M |
Balance Sheet | |||||
| Total Assets | 16.26M | 17.25M | 6.60M | 8.45M | 11.44M |
| Cash, Cash Equivalents and Short-Term Investments | 7.69M | 9.40M | 656.18K | 3.65M | 8.54M |
| Total Debt | 57.05K | 69.95K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 926.35K | 1.48M | 384.00K | 1.03M | 1.50M |
| Stockholders Equity | 15.33M | 15.77M | 6.22M | 7.42M | 9.94M |
Cash Flow | |||||
| Free Cash Flow | -21.08M | -10.26M | -7.61M | -18.91M | -25.73M |
| Operating Cash Flow | -20.96M | -10.21M | -6.45M | -17.47M | -24.65M |
| Investing Cash Flow | -746.73K | -1.79M | -1.05M | -1.44M | -1.07M |
| Financing Cash Flow | 20.06M | 20.92M | 4.49M | 14.27M | 27.45M |
Blackrock Silver Technical Analysis
Negative
1.20
Price Trends
1.62
Negative
1.28
Negative
0.96
Positive
Market Momentum
-0.14
Positive
36.40
Neutral
30.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRC, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.62, below the 50-day MA of 1.62, and above the 200-day MA of 0.96, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 36.40 is Neutral, neither overbought nor oversold. The STOCH value of 30.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BRC.
Blackrock Silver Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | C$304.52M | 597.10 | 2.21% | ― | 694.29% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$250.62M | -107.29 | -7.02% | ― | ― | 14.37% | |
45 Neutral | C$436.04M | -9.37 | -151.33% | ― | ― | -198.87% | |
43 Neutral | C$412.99M | -55.40 | -4.59% | ― | ― | -14.43% | |
43 Neutral | C$204.08M | -7.09 | -19.58% | ― | ― | -34.83% | |
40 Underperform | C$198.10M | -7.27 | -42.64% | ― | 12.51% | -150.40% |
* General Sector Average
TSE:BRC
Blackrock Silver
1.20
0.83
224.32%
TSE:SLVR
Silver Tiger Metals
0.74
0.41
125.61%
TSE:ORV
Orvana Minerals
1.45
1.05
262.50%
TSE:SSV
Southern Silver Exploration
0.50
0.24
88.68%
TSE:CAPT
Capitan Silver
1.95
1.51
343.18%
TSE:SM
Sierra Madre Gold & Silver Ltd.
1.55
0.97
167.24%
Blackrock Silver Corporate Events
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Adds Industry Veterans to Board as Tonopah West Advances
Positive
Mar 4, 2026
Blackrock Silver has strengthened its governance structure with the appointment of veteran mining executive Susan Mathieu and seasoned corporate and securities lawyer Bernard Poznanski as independent directors. The move comes as the company advanc...
Business Operations and StrategyRegulatory Filings and Compliance
Blackrock Silver Wins Key Air Permit Advancing Tonopah West Toward Test Mining
Positive
Mar 3, 2026
Blackrock Silver has secured a key Class II Air Quality and Surface Disturbance Permit from Nevada regulators for its Tonopah West project, allowing up to 150 acres of disturbance under strict dust control over an initial five-year term. This mark...
Business Operations and Strategy
Blackrock Silver Launches Major Expansion Drilling at Tonopah West in Nevada
Positive
Feb 25, 2026
Blackrock Silver has mobilized drill rigs for a fully funded, 17,100 metre, two-phased resource expansion program at its Tonopah West silver-gold project in Nevada, aimed at extending known mineralization and testing new structures. The company wi...
Business Operations and Strategy
Blackrock Silver Launches Major Expansion Drilling at Tonopah West in Nevada
Positive
Feb 25, 2026
Blackrock Silver has mobilized drill rigs for a fully funded, 17,100 metre, two-phased resource expansion program at its Tonopah West silver-gold project in Nevada, targeting both eastern and northwestern extensions of the known mineralized system...
Business Operations and StrategyFinancial Disclosures
Blackrock Silver Joins 2026 TSX Venture 50 as Tonopah West Advances
Positive
Feb 18, 2026
Blackrock Silver has been named to the 2026 TSX Venture 50 list, recognizing it as one of the top-performing companies on the TSX Venture Exchange based on share price appreciation, market capitalization growth, and trading value. In 2025, the com...
Business Operations and Strategy
Blackrock Silver Steps Up Investor Outreach With Virtual Conference and New Marketing Deal
Positive
Feb 6, 2026
Blackrock Silver Corp. will showcase its strategy and projects to individual and institutional investors at the Precious Metals Critical Minerals Virtual Investor Conference on February 10, 2026, in an interactive online format that allows real-t...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Names Veteran Capital Markets Executive as Head of Investor Relations
Positive
Jan 29, 2026
Blackrock Silver Corp. has appointed seasoned metals and mining capital markets professional Sean Thompson as Head of Investor Relations, granting him 200,000 stock options vesting over three years. With more than 17 years’ sector experience...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Grants Long-Term Equity Incentives to Key Personnel
Positive
Jan 20, 2026
Blackrock Silver has granted a package of long-term equity incentives—including 824,380 stock options, 344,766 performance share units, and 86,538 deferred share units—to directors, management and consultants under its Omnibus Equity I...
Business Operations and Strategy
Blackrock Silver Earns Spot on 2026 OTCQX Best 50 as Tonopah West Advances
Positive
Jan 15, 2026
Blackrock Silver has been named to the 2026 OTCQX Best 50, recognizing it as one of the top-performing companies on the OTCQX Best Market based on 2025 total return and trading liquidity. The accolade underscores growing investor confidence and im...
Business Operations and StrategyPrivate Placements and Financing
Blackrock Silver Raises C$15 Million to Advance Tonopah West Project
Positive
Jan 8, 2026
Blackrock Silver Corp. has closed a C$14.999 million non-brokered private placement, issuing 13,636,300 units at C$1.10 each, with each unit comprising one common share and half a warrant exercisable at C$1.50 until January 2028. The financing, le...
Business Operations and StrategyPrivate Placements and Financing
Blackrock Silver Secures C$15 Million Strategic Financing to Advance Tonopah West
Positive
Dec 24, 2025
Blackrock Silver Corp. has arranged a non-brokered private placement of up to C$15 million through the issuance of 13,636,363 units at C$1.10 each, with each unit comprising one common share and half a warrant exercisable at C$1.50 for two years. ...
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.