CMX Gold & Silver (CXC) AI Stock Analysis

• Market Cap: C$20.62M
• Dividend Yield: N/A
• Average Volume (3M): 13.69K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: N/A
• EPS Growth: -27.66%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 73,636,220
• 10 Day Avg. Volume: 34,148
• 30 Day Avg. Volume: 13,692
• PEG Ratio: -2.36
• Price to Book (P/B): 31.72
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -64.98
• 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: 48 Neutral
• Price Target: C$0.25 ▲(5.00% Upside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, negative free cash flow) and increased balance sheet risk (negative equity and higher debt). Technicals provide some support via a strong uptrend, but very overbought indicators temper that benefit. Valuation remains constrained by negative earnings, while the exploration program adds a modest positive catalyst.

Positive Factors

High-quality exploration asset

Owning the Clayton Silver Project provides durable strategic optionality: successful exploration can enable farm-outs, joint ventures, outright sale, or development. That asset-centric model underpins long-term value creation potential despite current non-production status.

Planned 2026 exploration program

A committed, multi-year exploration program is a structural positive: it can materially expand resource estimates and convert prospectivity into defined reserves. That step increases project bankability for partners or financing and raises odds of a durable monetization path.

Reduced losses vs. prior peak

The company has materially reduced net losses from 2022 peak levels, suggesting improved cost discipline or lower spending intensity. Sustained lower loss profiles extend runway and make future financings or partner deals easier to execute over the medium term.

Negative Factors

Pre-revenue business model

Without operating revenue, CMX depends on external financing, asset sales, or partner funding to advance projects. That structural reliance increases dilution risk, makes long-term planning contingent on capital markets, and limits sustainability absent a clear near-term revenue pathway.

Deteriorated balance sheet

Negative equity and rising debt materially weaken solvency and leverage the company's balance sheet. This structural deterioration constrains financing options, raises refinancing risk, and can delay or deter partners and lenders needed to fund exploration and development.

Persistent cash burn

Consistent negative operating and free cash flow mean the firm must repeatedly raise capital or enter partnerships to fund exploration. This sustainable cash deficit creates ongoing dilution risk and can force project slowdowns if external capital is constrained.

CMX Gold & Silver Business Overview & Revenue Model

Company Description

CMX Gold & Silver Corp., a junior mining company, engages in the mining of mineral properties in the United States. The company explores for silver, lead, copper, zinc, and gold deposits. It holds a 100% interest in the Clayton Silver mine which comprises approximately 565 acres covering 29 patented claims, as well as 6 unpatented mining claims that cover 119 acres located in Custer County, Idaho. The company was formerly known as Liard Resources Ltd. and changed its name to CMX Gold & Silver Corp. in February 2011. CMX Gold & Silver Corp. was incorporated in 1986 and is based in Calgary, Canada.

How the Company Makes Money

CMX Gold & Silver makes money primarily through the exploration and development of mineral properties, with a focus on gold and silver deposits. The company generates revenue by discovering economically viable mineral resources and either developing these projects into producing mines or selling its interests in these properties to other mining companies. Key revenue streams include the sale of extracted minerals, royalties from joint ventures, and proceeds from property sales. Strategic partnerships with other mining companies and investors may also provide additional funding and opportunities for revenue generation, while effective cost management and operational efficiency contribute to the company's profitability.

CMX Gold & Silver Financial Statement Overview

Summary

Weak fundamentals: the company is pre-revenue with ongoing losses and negative free cash flow. Balance sheet risk increased as equity turned negative while total debt rose meaningfully, reducing financial flexibility and raising dilution/refinancing risk.

Income Statement

The company remains pre-revenue (zero revenue across all periods provided), with persistent operating losses. Profitability deteriorated in TTM (Trailing-Twelve-Months), with net loss expanding to about -$430k versus -$340k in 2024 and -$321k in 2023, indicating higher cost structure and weak operating leverage. A key positive is that losses are far smaller than 2022 levels (net loss ~-$757k), but overall earnings quality and visibility remain weak without a revenue base.

Balance Sheet

Leverage has risen meaningfully: total debt increased to ~$708k in TTM (Trailing-Twelve-Months) from ~$439k in 2024 and ~$266k in 2023. Most notably, equity turned negative in TTM (about -$137k) from positive equity in 2024 (~$165k), which elevates solvency risk and reduces financial flexibility. While total assets are roughly stable (~$726k TTM vs ~$742k in 2024), the shift to a deficit equity position is a clear weakening in balance sheet resilience.

Cash Flow

Cash burn continues: operating cash flow is negative in TTM (Trailing-Twelve-Months) at about -$126k and free cash flow is similarly negative, implying ongoing funding needs. There is some improvement versus 2022–2023 (which showed much larger outflows, including ~-$490k in 2022 and ~-$260k in 2023), but the TTM cash outflow worsened versus 2024 (~-$81k). Free cash flow broadly tracks net income (both negative), suggesting losses are translating into cash burn rather than being cushioned by non-cash items.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-45.26K	0.00	0.00	-138.00K	-4.41K	-4.73K
EBITDA	-376.89K	-309.00K	-306.43K	-749.00K	-295.30K	-127.00K
Net Income	-429.69K	-340.00K	-321.00K	-757.00K	139.01K	-209.00K
Balance Sheet
Total Assets	725.91K	741.53K	681.39K	795.05K	670.88K	657.88K
Cash, Cash Equivalents and Short-Term Investments	6.96K	1.13K	1.64K	95.45K	16.07K	233.00
Total Debt	708.48K	438.90K	265.65K	15.01K	14.16K	394.99K
Total Liabilities	862.51K	576.28K	351.98K	216.45K	170.23K	1.51M
Stockholders Equity	-136.60K	165.26K	329.41K	578.60K	500.65K	-852.24K
Cash Flow
Free Cash Flow	-125.60K	-80.66K	-260.36K	-490.32K	-266.67K	3.60K
Operating Cash Flow	-125.60K	-80.66K	-260.36K	-490.32K	-266.67K	3.60K
Investing Cash Flow	0.00	0.00	81.40K	0.00	0.00	0.00
Financing Cash Flow	117.23K	80.16K	85.15K	569.70K	282.50K	-8.39K

CMX Gold & Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CXC, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.25, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CXC.

CMX Gold & 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%
VCG	55 Neutral	C$21.78M	-20.17	-2.38%	―	―	22.59%
CXC	48 Neutral	C$20.62M	-46.67	-442.21%	―	―	-27.66%
ABR	46 Neutral	C$18.87M	33.90	5.28%	―	―	―
PRIZ	46 Neutral	C$10.62M	-2.11	-50.61%	―	―	-3.49%
ZIGY	45 Neutral	C$16.22M	-22.86	-23.38%	―	―	-3416.67%
BRO	45 Neutral	C$34.01M	-5.31	-16.31%	―	―	29.32%

CMX Gold & Silver Corporate Events

CMX Gold & Silver Steps Up Investor Outreach and Advances Exploration at Clayton Silver Project

CMX Gold & Silver has signed a one-year investor relations contract with Natrinova Capital Inc., led by experienced IR professional Natalya Tatarinova, to expand its marketing and investor awareness program for the Clayton Silver Project, with additional IR support from Stirling Merchant Capital. As part of this initiative, CMX granted stock options to Natrinova and Stirling and reported the exercise of 850,000 share purchase warrants for $85,000 in proceeds, while outlining plans for a spring 2026 geophysical program, including 3-D DCIP and deep-penetrating magnetotelluric surveys, to refine drilling targets and evaluate the broader resource potential at its Clayton Silver property over the next several years.

The most recent analyst rating on (TSE:CXC) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CMX Gold & Silver stock, see the TSE:CXC Stock Forecast page.

CMX Gold & Silver Launches $2 Million Private Placement to Advance Idaho Clayton Silver Project

CMX Gold & Silver Corp. plans to raise up to $2 million through a non-brokered private placement of up to 8 million units priced at $0.25 each, with each unit comprising one common share and one warrant exercisable at $0.40 for 24 months. The proceeds are earmarked for a comprehensive geophysical program and initial diamond drilling at the company’s Clayton Silver Project in Idaho, including 3-D DCIP and Magnetotelluric surveys aimed at mapping structures, extending partially mined ore bodies, and probing deeper mineralization, a step that could refine resource potential and advance the project’s development for stakeholders.

The most recent analyst rating on (TSE:CXC) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CMX Gold & Silver stock, see the TSE:CXC Stock Forecast page.

CMX Gold & Silver Taps IBN for Investor Outreach, Plans New Geophysics at Historic Idaho Mine

CMX Gold & Silver Corp. has expanded its investor marketing efforts by signing a one-year corporate communications agreement with IBN to raise awareness of the company and its Clayton Silver Project in Idaho, with a base fee of US$3,000 per month and potential additional fees for expanded services. The company also plans to launch a comprehensive geophysical program at the historic Clayton Silver Mine in spring 2026, including 3-D DCIP and Magnetotelluric surveys followed by diamond drilling to define extensions of known ore bodies and explore deeper mineralization, aiming to leverage the mine’s substantial historical production and underexplored potential to advance the project and strengthen its position in the polymetallic mining sector.

The most recent analyst rating on (TSE:CXC) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CMX Gold & Silver stock, see the TSE:CXC Stock Forecast page.

CMX Gold & Silver Corp. Announces Stock Option Transactions and Extends Promotional Contract

CMX Gold & Silver Corp. has announced the exercise of 2,600,000 stock options and the granting of 4,575,000 new options under its stock option plan. The company’s President, CEO, and CFO, along with other directors and consultants, participated in these transactions, which are aimed at settling unpaid fees and advancing the company’s financial positioning. Additionally, CMX has extended a promotional activities contract with Manuel Aldea for two years, focusing on enhancing the company’s branding and digital presence to attract new investors and stakeholders.

CMX Gold & Silver Launches 2026 Exploration Program Amid Silver Market Surge

CMX Gold & Silver Corp. has announced a comprehensive geophysical survey and drill program for 2026 at its Clayton Silver Project in Idaho, aiming to assess and expand the resource potential of the historic mine. The initiative comes as a response to favorable market conditions, driven by a global silver supply deficit and increasing industrial demand, positioning CMX to potentially transform the Clayton Silver Mine into a top-tier asset.