GR Silver Mining (TSE:GRSL)
:GRSL
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GR Silver Mining
(GRSL)
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Select Model
Rating:56Neutral
Price Target:
C$0.63
▲(36.52% Upside)
Action:ReiteratedDate:01/21/26
The score is held back primarily by weak financial performance (pre-revenue operations with ongoing losses and negative free cash flow), partially offset by a strong technical uptrend and positive momentum. Valuation is middling because the negative P/E reflects unprofitable operations and there is no dividend yield support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces bankruptcy and interest-rate risk and preserves flexibility to fund exploration via equity or partnerships. Over the next 2-6 months this structural strength lowers financing cost sensitivity and supports project advancement options.
Negative Factors
Pre-revenue operations
Being pre-revenue means core operations do not generate sales, so project progress depends on external financing. Over the coming months this structural gap forces capital raises or partner deals, which can dilute equity and slow resource advancement if funding conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces bankruptcy and interest-rate risk and preserves flexibility to fund exploration via equity or partnerships. Over the next 2-6 months this structural strength lowers financing cost sensitivity and supports project advancement options.
Read all positive factors
GR Silver Mining (GRSL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$155.23M
Dividend YieldN/A
Average Volume (3M)2.97M
Price to Earnings (P/E)―
Beta (1Y)2.89
Revenue GrowthN/A
EPS Growth-235.10%
CountryCA
Employees113
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding508,945,530
10 Day Avg. Volume2,564,951
30 Day Avg. Volume2,974,750
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)6.67
Price to Sales (P/S)0.00
P/FCF Ratio-11.63
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
GR Silver Mining Business Overview & Revenue Model
Company Description
GR Silver Mining Ltd. engages in the acquisition, exploration, and development of mineral resource properties primarily in Mexico. The company explores for gold, silver, lead, and zinc deposits. Its projects include San Marcial project covering an...
How the Company Makes Money
GR Silver Mining generates revenue primarily through the exploration and development of its mineral properties, with a focus on silver and gold. The company aims to increase its resource estimates through exploration activities and feasibility stu...
GR Silver Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -153.68K | -184.00K | -497.00K | -579.97K | -411.14K | -88.80K |
| EBITDA | -6.96M | 19.47M | -25.10M | -18.21M | -17.79M | -8.65M |
| Net Income | -7.12M | 19.29M | -25.60M | -18.79M | -18.20M | -8.74M |
Balance Sheet | ||||||
| Total Assets | 20.97M | 9.72M | 10.72M | 25.28M | 28.43M | 10.84M |
| Cash, Cash Equivalents and Short-Term Investments | 12.39M | 1.16M | 100.57K | 902.24K | 3.08M | 4.89M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.79M | 1.90M | 26.88M | 20.69M | 17.16M | 1.18M |
| Stockholders Equity | 19.18M | 7.82M | -16.15M | 4.59M | 11.26M | 9.67M |
Cash Flow | ||||||
| Free Cash Flow | -6.24M | -4.49M | -5.31M | -13.84M | -19.01M | -7.37M |
| Operating Cash Flow | -6.21M | -4.49M | -5.31M | -13.56M | -15.92M | -6.55M |
| Investing Cash Flow | -645.45K | 1.61M | 0.00 | -255.69K | -3.08M | -1.18M |
| Financing Cash Flow | 16.93M | 3.94M | 4.51M | 11.64M | 17.19M | 10.58M |
GR Silver Mining Technical Analysis
Negative
0.46
Price Trends
0.44
Negative
0.39
Negative
0.31
Negative
Market Momentum
-0.03
Positive
37.80
Neutral
41.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRSL, the sentiment is Negative. The current price of 0.46 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.44, and above the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 37.80 is Neutral, neither overbought nor oversold. The STOCH value of 41.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GRSL.
GR Silver Mining 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% | |
61 Neutral | C$64.25M | 20.29 | 7.08% | ― | 26.16% | -8.73% | |
56 Neutral | C$155.23M | -11.19 | -64.64% | ― | ― | -235.10% | |
50 Neutral | C$188.81M | -59.63 | -5.80% | ― | 8.28% | 87.46% | |
47 Neutral | C$23.92M | -31.93 | -5.70% | ― | ― | -1.67% | |
42 Neutral | C$254.18M | -21.37 | -41.47% | ― | ― | -60.82% |
* Basic Materials Sector Average
TSE:GRSL
GR Silver Mining
0.31
0.15
96.77%
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GR Silver Mining Corporate Events
Business Operations and StrategyPrivate Placements and Financing
GR Silver Maps Out Aggressive 2026 Drilling and Development Plan for San Marcial–Plomosas
Positive
Jan 15, 2026
GR Silver Mining has outlined an aggressive 2026 program aimed at accelerating resource growth and advancing the integration of its San Marcial and Plomosas assets into a unified silver development project in Mexico. Backed by more than C$34 milli...
Business Operations and StrategyPrivate Placements and Financing
GR Silver Maps Out Aggressive 2026 Drilling and Development Plan at Plomosas Project
Positive
Jan 15, 2026
GR Silver Mining has outlined an aggressive 2026 work program centered on a 20,000-metre resource expansion drilling campaign at San Marcial and the continued integration of the San Marcial and Plomosas areas into a unified silver development proj...
Business Operations and StrategyPrivate Placements and Financing
GR Silver Mining Secures $20 Million Financing for Plomosas Silver Project Expansion
Positive
Dec 17, 2025
GR Silver Mining successfully closed a $20 million financing deal through an underwritten private placement offering, which included full exercise of an over-allotment option. The funds will enable the company to pursue aggressive drilling and exp...
Private Placements and Financing
GR Silver Mining Secures $13 Million for Plomosas Project Expansion
Positive
Dec 1, 2025
GR Silver Mining Ltd., a company involved in the mining industry, has announced a $13 million bought deal offering of units, which will be used to advance its Plomosas Project in Mexico and for general corporate purposes. The offering consists of ...
Business Operations and Strategy
GR Silver Mining Unveils High-Grade Silver Intercepts at San Marcial
Positive
Nov 19, 2025
GR Silver Mining has announced significant results from its step-out drilling at the San Marcial Area, revealing high-grade silver intercepts that extend the mineralization beyond the current resource boundary. The successful drilling results, inc...
Business Operations and StrategyExecutive/Board Changes
GR Silver Mining Strengthens Leadership with New Country Manager Appointment
Positive
Nov 17, 2025
GR Silver Mining has appointed Dr. Cástulo Molina Sotelo as the new Country Manager for Mexico, bringing over 35 years of experience in mineral exploration and project management. This strategic appointment is expected to enhance the company&...
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.