GR Silver Mining (TSE:GRSL)
:GRSL
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GR Silver Mining
(GRSL)
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Rating:47Neutral
Price Target:
C$0.42
▼(-7.83% Downside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial performance—no demonstrated revenue base, persistent operating losses, and ongoing negative free cash flow—despite the benefit of a debt-free balance sheet. Technicals are comparatively better, with the stock trading above key moving averages and showing moderate positive momentum, but valuation remains challenged due to losses and the absence of a dividend.
Positive Factors
Debt-free balance sheet
Zero total debt materially lowers near-term solvency risk and gives management durable financial flexibility to fund exploration programs, pursue joint ventures, or absorb commodity-cycle volatility without immediate refinancing pressure over the next several months.
Negative Factors
No revenue / persistent operating losses
The absence of operating revenue and sustained operating losses mean the business model has not yet proven commercial viability. Over months this limits reinvestment capacity, increases reliance on capital markets, and raises execution risk for advancing projects to production.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt materially lowers near-term solvency risk and gives management durable financial flexibility to fund exploration programs, pursue joint ventures, or absorb commodity-cycle volatility without immediate refinancing pressure over the next several months.
Read all positive factors
GR Silver Mining (GRSL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$206.18M
Dividend YieldN/A
Average Volume (3M)2.97M
Price to Earnings (P/E)―
Beta (1Y)2.97
Revenue GrowthN/A
EPS Growth-134.86%
CountryCA
Employees113
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding509,095,520
10 Day Avg. Volume2,564,951
30 Day Avg. Volume2,974,750
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)4.27
Price to Sales (P/S)0.00
P/FCF Ratio-21.11
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
null...
GR Silver Mining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -192.23K | -184.00K | -497.00K | -579.97K | -411.14K |
| EBITDA | -8.19M | 19.47M | -25.10M | -18.21M | -17.79M |
| Net Income | -8.36M | 19.29M | -25.60M | -18.79M | -18.20M |
Balance Sheet | |||||
| Total Assets | 38.14M | 9.72M | 10.72M | 25.28M | 28.43M |
| Cash, Cash Equivalents and Short-Term Investments | 29.50M | 1.16M | 100.57K | 902.24K | 3.08M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.27M | 1.90M | 26.88M | 20.69M | 17.16M |
| Stockholders Equity | 35.87M | 7.82M | -16.15M | 4.59M | 11.26M |
Cash Flow | |||||
| Free Cash Flow | -7.26M | -4.49M | -5.31M | -13.84M | -19.01M |
| Operating Cash Flow | -7.16M | -4.49M | -5.31M | -13.56M | -15.92M |
| Investing Cash Flow | -100.12K | 1.61M | 0.00 | -255.69K | -3.08M |
| Financing Cash Flow | 35.60M | 3.94M | 4.51M | 11.64M | 17.19M |
GR Silver Mining Technical Analysis
Positive
0.46
Price Trends
0.34
Positive
0.40
Positive
0.34
Positive
Market Momentum
0.02
Negative
58.13
Neutral
81.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRSL, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.34, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
60 Neutral | C$58.75M | 17.89 | 7.08% | ― | 31.45% | 0.71% | |
48 Neutral | C$22.05M | -23.16 | -5.70% | ― | ― | -5.88% | |
47 Neutral | C$206.18M | -24.83 | -45.94% | ― | ― | -134.86% | |
47 Neutral | C$220.79M | -34.30 | -16.70% | ― | 17.69% | 6.72% | |
43 Neutral | C$263.06M | -16.85 | -38.46% | ― | ― | -15.58% |
* Basic Materials Sector Average
TSE:GRSL
GR Silver Mining
0.41
0.24
148.48%
TSE:SAM
Starcore International Mine
0.62
0.35
132.21%
TSE:AGX
Silver X Mining
0.78
0.58
280.49%
TSE:AAG
Aftermath Silver
0.81
0.26
47.27%
TSE:SLV
Silver Dollar Resources
0.29
0.10
56.76%
GR Silver Mining Corporate Events
Business Operations and StrategyExecutive/Board Changes
GR Silver Mining Founder and CEO Márcio Fonseca Passes Away; Interim Leadership Appointed
Negative
Mar 26, 2026
GR Silver Mining has announced the sudden passing of President, CEO and founder Márcio Fonseca, a veteran of more than 30 years in mining and mining finance and a widely respected leader in the sector. The board has appointed Executive Chair ...
Business Operations and Strategy
GR Silver Mining to Showcase San Marcial Discovery and Bolster Market Presence with New IR Mandates
Positive
Feb 26, 2026
GR Silver Mining will showcase its San Marcial high-grade silver discovery at major Toronto events, including the PDAC 2026 Convention and the Red Cloud Pre-PDAC Mining Showcase. Management and technical partners from the University of Tasmania...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
GR Silver Mining Upgrades to OTCQX and Sheds Non-Core Assets to Focus on Plomosas
Positive
Feb 24, 2026
GR Silver Mining has been upgraded to trade on the OTCQX Best Market in the U.S., a move that is expected to enhance its visibility and accessibility among American investors while reflecting its adherence to higher financial and governance standa...
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.