Defiance Silver Corp (TSE:DEF)
:DEF
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Defiance Silver
(DEF)
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Rating:45Neutral
Price Target:
C$0.16
▼(-32.92% Downside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by sustained losses and ongoing cash burn with minimal revenue, indicating continued reliance on external funding. Technicals add further pressure due to a clear downtrend and weak momentum. A debt-free balance sheet and solid equity base provide the main stabilizing factor, but not enough to lift the overall risk profile materially.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet materially reduces financing risk and interest expense over the medium term, preserving optionality for funding exploration via equity or JV structures. This durability supports survival through drill cycles and gives management flexibility to time capital raises without debt covenants.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow (~-2.6M TTM) is a structural weakness for an exploration company: it necessitates repeated external financing, raises dilution risk, and constrains the pace of drilling and studies unless partner funding or transaction milestones materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet materially reduces financing risk and interest expense over the medium term, preserving optionality for funding exploration via equity or JV structures. This durability supports survival through drill cycles and gives management flexibility to time capital raises without debt covenants.
Read all positive factors
Defiance Silver (DEF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$67.71M
Dividend YieldN/A
Average Volume (3M)1.32M
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue GrowthN/A
EPS Growth42.54%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding376,161,320
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. operates as an early-stage mining company, concentrating its efforts on discovering, appraising, and advancing mineral prospects, predominantly in Mexico. The firm primarily targets deposits containing gold, copper, and silve...
How the Company Makes Money
Defiance Silver is an exploration-stage company; specific recurring operating revenue from mining or product sales is not available (null). The company’s economic model is to create value by (1) using raised capital to fund geological work (mappin...
Defiance Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
27
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 | -2.73M | -2.92M | -1.64M | -3.79M | -4.11M | -2.95M |
| Net Income | -2.81M | -2.92M | -2.35M | -2.49M | -3.86M | -2.94M |
Balance Sheet | ||||||
| Total Assets | 64.85M | 62.29M | 42.27M | 41.93M | 41.56M | 43.04M |
| Cash, Cash Equivalents and Short-Term Investments | 9.85M | 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 | 1.13M | 883.99K | 865.71K | 1.33M | 1.44M | 1.31M |
| Stockholders Equity | 63.73M | 61.41M | 41.41M | 40.60M | 40.12M | 41.73M |
Cash Flow | ||||||
| Free Cash Flow | -2.62M | -2.42M | -1.46M | -9.07M | -9.46M | -7.79M |
| Operating Cash Flow | -2.56M | -2.42M | -1.46M | -2.46M | -2.87M | -2.96M |
| Investing Cash Flow | -6.58M | -5.28M | -5.38M | -6.62M | -6.59M | -4.86M |
| Financing Cash Flow | 18.22M | 22.19M | 2.54M | 1.86M | 411.28K | 28.08M |
Defiance Silver Technical Analysis
Negative
0.24
Price Trends
0.21
Negative
0.25
Negative
0.25
Negative
Market Momentum
-0.01
Negative
42.50
Neutral
44.44
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 above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.21, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.50 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 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$85.37M | -26.88 | -56.49% | ― | ― | -83.16% | |
55 Neutral | C$407.00M | -37.83 | -29.21% | ― | ― | -105.96% | |
51 Neutral | C$214.05M | -15.85 | -61.61% | ― | ― | -56.46% | |
45 Neutral | C$67.71M | -23.66 | -4.57% | ― | ― | 42.54% | |
45 Neutral | C$51.25M | -11.69 | -47.23% | ― | ― | 4.93% | |
42 Neutral | C$267.76M | -24.95 | 626.64% | ― | 20.25% | 36.72% |
* Basic Materials Sector Average
TSE:DEF
Defiance Silver
0.18
-0.06
-25.00%
TSE:PGDC
Patagonia Gold
0.57
0.51
850.00%
TSE:MMG
Metallic Minerals
0.24
-0.03
-9.43%
TSE:NAU
Nevgold Corp
2.39
2.08
658.73%
TSE:CUAU
Forte Minerals Corp.
1.16
0.58
100.00%
TSE:ARK
Arras Minerals Corp
1.75
0.84
92.31%
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...
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.