Defiance Silver Corp (TSE:DEF)
:DEF
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Defiance Silver
(DEF)
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Rating:46Neutral
Price Target:
C$0.23
▼(-4.17% Downside)
Action:ReiteratedDate:03/19/26
The score is primarily weighed down by ongoing losses with no revenue base and continued cash burn (funding risk), plus bearish technical momentum with the price below key moving averages. These negatives are partially offset by a strong, unlevered balance sheet with improved equity and zero debt.
Positive Factors
Balance sheet strength
Zero reported debt and a meaningful equity increase materially reduce solvency and leverage risk for an exploration company. This durable strength gives management flexibility to fund drilling or negotiate JVs without near-term interest burdens, preserving optionality over months.
Negative Factors
No operating revenue
Absence of operating revenue means the business lacks internal cash generation and valuation relies on exploration success. This structural reality makes long-term sustainability contingent on discoveries or successful asset monetization rather than operating margins or product sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt and a meaningful equity increase materially reduce solvency and leverage risk for an exploration company. This durable strength gives management flexibility to fund drilling or negotiate JVs without near-term interest burdens, preserving optionality over months.
Read all positive factors
Defiance Silver (DEF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$82.49M
Dividend YieldN/A
Average Volume (3M)1.32M
Price to Earnings (P/E)―
Beta (1Y)2.48
Revenue GrowthN/A
EPS Growth43.20%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding374,956,360
10 Day Avg. Volume1,694,351
30 Day Avg. Volume1,317,126
Financial Highlights & Ratios
PEG Ratio-1.70
Price to Book (P/B)1.06
Price to Sales (P/S)0.00
P/FCF Ratio-26.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Defiance Silver Business Overview & Revenue Model
Company Description
Defiance Silver Corp (DEF) is a Canada-based resource company primarily engaged in the acquisition, exploration, and development of mineral properties rich in silver and other precious metals. Operating within the mining sector, Defiance Silver fo...
How the Company Makes Money
Defiance Silver does not typically generate recurring operating revenue from mineral production; instead, it is generally funded through external financing and value creation from its exploration portfolio. Its primary sources of funds are (1) equ...
Defiance Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 140.62K | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -141.00K | -139.60K | 0.00 |
| EBITDA | -2.69M | -2.92M | -1.64M | -3.79M | -4.11M | -2.95M |
| Net Income | -2.65M | -2.92M | -2.35M | -2.49M | -3.86M | -2.94M |
Balance Sheet | ||||||
| Total Assets | 62.93M | 62.29M | 42.27M | 41.93M | 41.56M | 43.04M |
| Cash, Cash Equivalents and Short-Term Investments | 10.20M | 14.75M | 265.83K | 4.56M | 11.78M | 20.83M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.19M | 883.99K | 865.71K | 1.33M | 1.44M | 1.31M |
| Stockholders Equity | 61.74M | 61.41M | 41.41M | 40.60M | 40.12M | 41.73M |
Cash Flow | ||||||
| Free Cash Flow | -2.63M | -2.42M | -1.46M | -9.07M | -9.46M | -7.79M |
| Operating Cash Flow | -2.57M | -2.42M | -1.46M | -2.46M | -2.87M | -2.96M |
| Investing Cash Flow | -6.14M | -5.28M | -5.38M | -6.62M | -6.59M | -4.86M |
| Financing Cash Flow | 18.79M | 22.19M | 2.54M | 1.86M | 411.28K | 28.08M |
Defiance Silver Technical Analysis
Negative
0.24
Price Trends
0.32
Negative
0.28
Negative
0.26
Negative
Market Momentum
-0.03
Positive
35.29
Neutral
24.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEF, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.32, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.29 is Neutral, neither overbought nor oversold. The STOCH value of 24.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DEF.
Defiance Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$97.20M | -11.03 | -56.49% | ― | ― | -56.33% | |
51 Neutral | C$165.74M | -14.09 | -20.18% | ― | ― | -38.35% | |
50 Neutral | C$67.73M | -6.12 | -82.23% | ― | ― | ― | |
48 Neutral | C$59.58M | -7.82 | -52.55% | ― | ― | 42.42% | |
47 Neutral | C$413.90M | -46.39 | -443.62% | ― | 14.89% | -24.08% | |
46 Neutral | C$82.49M | -20.73 | -4.57% | ― | ― | 43.20% |
* Basic Materials Sector Average
TSE:DEF
Defiance Silver
0.22
-0.03
-12.00%
TSE:PGDC
Patagonia Gold
0.89
0.84
1680.00%
TSE:MMG
Metallic Minerals
0.28
0.05
19.15%
TSE:NAU
Nevgold Corp
1.19
0.82
217.33%
TSE:CUAU
Forte Minerals Corp.
1.35
1.13
513.64%
TSE:ARK
Arras Minerals Corp
0.56
-0.32
-36.36%
Defiance Silver Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Defiance Silver Wins Key Drill Permit for Expanded Exploration at Zacatecas Project
Positive
Mar 11, 2026
Defiance Silver has secured environmental authorization from Mexico’s Secretariat of Environment and Natural Resources for a major expansion of drilling and access infrastructure at its San Acacio project in the Zacatecas Silver District. Th...
Business Operations and StrategyRegulatory Filings and Compliance
Defiance Silver Wins Key Drill Permit for Victoria Copper Project in Sonora
Positive
Feb 26, 2026
Defiance Silver has secured environmental approval from Mexico’s SEMARNAT for exploration drilling at the Victoria copper target within its Green Earth Project in Sonora. The permit, valid for 36 months, allows up to 89 drill pads and new ac...
Business Operations and Strategy
Defiance Silver Hits High-Grade Silver in San Acacio Drilling at Zacatecas
Positive
Feb 20, 2026
Defiance Silver reported new high-grade silver drill results from the ongoing 10,000-metre diamond drilling campaign at its San Acacio project within the Zacatecas property in Mexico. The latest five holes, particularly DDSA-25-75, -76 and -77, en...
Business Operations and Strategy
Defiance Silver Secures Long-Term Access at Sonora Project and Grants New Equity Incentives
Positive
Feb 12, 2026
Defiance Silver has secured a five-year surface access agreement for the Victoria target at its Green Earth Project in Sonora, Mexico, allowing the company to conduct exploration, drilling, and engineering studies on a large, previously untested L...
Business Operations and Strategy
Defiance Silver Secures Key Access Agreement at Green Earth and Aligns Incentives
Positive
Feb 12, 2026
Defiance Silver Corp. has secured a five-year surface access agreement for the Victoria target at its Green Earth Project in Sonora, Mexico, enabling surface exploration, drilling, and engineering studies on a large, previously untested Laramide-a...
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.