CMX Gold & Silver (CXC) AI Stock Analysis

• Market Cap: C$19.88M
• Dividend Yield: N/A
• Average Volume (3M): 13.69K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.36
• 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$0.27 ▲(11.25% Upside)

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

Clayton Silver Project and 2026 exploration program

The Clayton Silver Project is a meaningful strategic asset with silver and associated base-metal prospectivity and a planned 2026 exploration program. Sustained exploration success can upgrade the resource, attract farm-out partners or buyers, and materially increase long-term optionality for value creation.

Clearly defined monetization pathways

CMX’s explicit monetization routes — project sale, joint ventures/earn-ins, development financing, or equity raises — create strategic flexibility. Multiple viable exit paths reduce single-point execution risk and improve the company’s ability to secure partner funding or transactions as exploration milestones are met.

Improving loss trajectory versus 2022

Net losses have materially narrowed from ~-$757k in 2022 to roughly -$430k TTM. This improving trend suggests better cost control and reduces immediate refinancing pressure, increasing the likelihood the company can advance exploration with more limited incremental funding if the trend continues.

Negative Factors

Pre-revenue business model

CMX has no operating revenue across reported periods, leaving it dependent on financing or asset transactions to fund operations. The absence of production cash flow structurally elevates dilution and execution risk and makes long-term progress contingent on successful financing or deals rather than internal cash generation.

Negative equity and rising leverage

A shift to negative equity alongside rising debt materially weakens balance-sheet resilience. Higher leverage and a deficit equity position increase solvency risk, constrain financing options, and raise the probability of dilutive capital raises or expensive refinancing if exploration timelines or cash inflows slip.

Persistent cash burn and worsening operating cash flow

Ongoing negative operating and free cash flow, and a deterioration versus the prior year, indicate continued funding needs. Without partner funding or asset monetization, persistent cash burn increases reliance on external capital, which can dilute shareholders and impede the company's ability to execute planned exploration programs.

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	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	-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: Neutral

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 0.26, above the 50-day MA of 0.20, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, 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%
CXC	48 Neutral	C$19.88M	-45.00	-442.21%	―	―	-27.66%
VCG	48 Neutral	C$15.72M	-14.55	-2.38%	―	―	22.59%
PRIZ	46 Neutral	C$11.16M	-2.21	-50.61%	―	―	-3.49%
ZIGY	45 Neutral	C$11.59M	-16.33	-23.38%	―	―	-3416.67%
BRO	45 Neutral	C$22.87M	-4.98	-16.31%	―	―	29.32%
ABR	39 Underperform	C$27.36M	40.28	5.28%	―	―	―

CMX Gold & Silver Corporate Events

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.