Guanajuato Silver Company (GSVR) AI Stock Analysis

• Market Cap: C$491.25M
• Dividend Yield: N/A
• Average Volume (3M): 5.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.94
• Revenue Growth: 5.58%
• EPS Growth: 50.96%
• Country: CA
• Employees: 1,458
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): -0.01
• Shares Outstanding: 663,856,100
• 10 Day Avg. Volume: 7,906,000
• 30 Day Avg. Volume: 5,701,174
• PEG Ratio: 0.07
• Price to Book (P/B): 3.72
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -7.76
• 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: C$0.70
• Price Target Upside: -5.41% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.75 ▲(0.95% Upside)

The overall stock score of 52 reflects the company's financial instability due to high leverage and negative profitability, despite some positive cash flow growth. Technical indicators show strong bullish momentum, but the stock is overbought, which could lead to a correction. The negative P/E ratio and lack of dividend yield further weigh down the valuation.

Positive Factors

Leverages existing infrastructure in historical Guanajuato mines

Using pre-existing mines and infrastructure lowers capital intensity and shortens development timelines. This structural advantage reduces unit costs and execution risk versus greenfield peers, supporting steadier project economics and faster potential cash generation over multiple quarters.

Significant improvement in free cash flow growth

A large increase in free cash flow growth signals improving ability to internally fund operations and capital needs. If maintained, stronger FCF reduces reliance on external financing, enabling reinvestment, debt paydown or strategic exploration over the medium term.

Modest revenue growth and rising gross margins

Consistent top-line growth paired with rising gross margins reflects operational progress and improved mine productivity or cost control. These durable trends point to narrowing losses potential and a pathway toward sustainable profitability if trends persist.

Negative Factors

High leverage and weak equity base

Material leverage increases financial stress and limits strategic flexibility. High debt relative to equity raises interest burden and refinancing risk, constraining capital allocation for projects and making the firm more vulnerable to commodity price swings or operational setbacks.

Persistent negative profitability

Ongoing operating losses erode shareholder equity and restrict the ability to self-fund growth. Continued negative margins force dependency on external capital, heighten dilution risk, and can impede long-term investment in exploration or mine optimization.

Poor cash conversion from earnings

A very low operating cash flow to net income ratio indicates earnings poorly translate into cash. This structural cash conversion weakness increases liquidity risk, raises the probability of future financing needs, and limits the firm's ability to deleverage or invest reliably.

Guanajuato Silver Company Business Overview & Revenue Model

Company Description

Guanajuato Silver Company Ltd. engages in the acquisition, exploration, development, and evaluation of mineral assets in Canada and Mexico. The company primarily focuses on silver and gold properties. Its flagship project is the 100% owned the El Pinguico project located in Guanajuato, Mexico. The company was formerly known as Vangold Mining Corp. and changed its name to Guanajuato Silver Company Ltd. in June 2021. Guanajuato Silver Company Ltd. was incorporated in 1978 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Guanajuato Silver Company generates revenue primarily through the extraction and sale of silver and gold. The company's revenue model is built around mining operations, where it extracts precious metals from its properties and sells them in the global market. Key revenue streams include the sale of refined silver and gold, as well as potential by-products from mining operations. Additionally, GSVR may enter into partnerships with other mining companies or stakeholders, which can provide capital infusions or shared resources that contribute to its earnings. The company's focus on reviving historical mining sites allows it to capitalize on existing infrastructure, reducing operational costs and enhancing profitability.

Guanajuato Silver Company Financial Statement Overview

Summary

Guanajuato Silver Company is facing significant financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet highlights high leverage and financial instability, while the cash flow statement underscores cash generation issues with negative free cash flow and low operating cash flow ratios.

Income Statement

Guanajuato Silver Company has shown a declining revenue trend with a negative revenue growth rate of -2.64% in the TTM period. The gross profit margin improved to 14.79% from previous years, but the company still faces challenges with a negative net profit margin of -17.15%. The EBIT and EBITDA margins are also low, indicating operational inefficiencies. Overall, the income statement reflects a struggling profitability scenario.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 2.28, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting losses and poor returns for shareholders. The equity ratio is low, suggesting limited equity financing. Overall, the balance sheet indicates financial instability and high leverage.

Cash Flow

The cash flow statement reveals a concerning free cash flow growth rate of -85.00% in the TTM period. The operating cash flow to net income ratio is low at 0.10, and the free cash flow to net income ratio is negative, indicating cash flow challenges and insufficient cash generation relative to net income. Overall, the cash flow position is weak, with significant negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.24M	108.78M	87.67M	36.88M	4.12M	0.00
Gross Profit	9.41M	3.55M	-15.63M	-6.88M	-2.23M	-15.92K
EBITDA	-589.25K	1.63M	-14.23M	-13.71M	-9.07M	-2.18M
Net Income	-16.39M	-17.41M	-42.32M	-28.02M	-13.40M	-2.24M
Balance Sheet
Total Assets	116.37M	102.37M	99.64M	85.65M	51.32M	10.24M
Cash, Cash Equivalents and Short-Term Investments	16.20M	4.22M	2.59M	8.83M	8.23M	5.32M
Total Debt	16.64M	22.38M	23.07M	20.43M	8.76M	27.70K
Total Liabilities	90.74M	83.89M	85.34M	53.14M	20.52M	274.86K
Stockholders Equity	25.62M	18.47M	14.30M	32.51M	30.80M	9.97M
Cash Flow
Free Cash Flow	-2.90M	-8.85M	-15.06M	-18.67M	-15.34M	-2.47M
Operating Cash Flow	1.70M	-3.43M	-8.15M	-15.06M	-8.93M	-2.07M
Investing Cash Flow	-6.59M	-7.56M	-7.57M	-11.85M	-13.96M	-1.03M
Financing Cash Flow	18.68M	18.60M	6.52M	27.13M	27.12M	7.88M

Guanajuato Silver Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.74
• 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:GSVR, the sentiment is Positive. The current price of 0.74 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.53, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 67.63 is Neutral, neither overbought nor oversold. The STOCH value of 64.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GSVR.

Guanajuato Silver Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAAS	80 Outperform	C$32.88B	32.20	11.27%	0.88%	25.04%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AG	59 Neutral	C$13.53B	161.34	3.44%	0.12%	88.70%	―
GSVR	52 Neutral	C$491.25M	-18.14	-111.62%	―	5.58%	50.96%
SVE	52 Neutral	C$217.97M	-82.42	-5.64%	―	―	13.33%
IPT	52 Neutral	C$172.19M	-24.65	-8.15%	―	52.70%	60.33%
EXN	50 Neutral	C$180.40M	-13.88	-26.99%	―	―	49.02%

Guanajuato Silver Company Corporate Events

Guanajuato Silver Closes US$50 Million Acquisition of Bolanitos Mine in Mexico

Guanajuato Silver has closed the acquisition of the Bolanitos gold-silver mine in Guanajuato, Mexico, from Endeavour Silver for total consideration of up to US$50 million, including US$40 million paid at closing in a mix of cash and shares and up to US$10 million in contingent payments tied to silver-equivalent production milestones. Bolanitos becomes the company’s fifth producing mine and brings a 1,600-tonne-per-day flotation plant that is currently under-utilized, allowing Guanajuato Silver to reconfigure its Guanajuato district into a more efficient hub-and-spoke processing model by directing ore from nearby San Ignacio to Bolanitos, a move expected to enhance throughput, recoveries, and overall operating economics while deepening Endeavour’s role as a strategic shareholder under a new investor rights agreement.

The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.74 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Wins TSXV Conditional Nod for Transformative Bolanitos Mine Deal

Guanajuato Silver Company has received conditional approval from the TSX Venture Exchange to proceed with its acquisition of the Bolanitos gold-silver mine in Guanajuato, Mexico, from Endeavour Silver. Management describes the deal as transformative, expecting Bolanitos to become the company’s most significant operation and indicating that closing remains on track for January 2026, a move that would further consolidate Guanajuato Silver’s footprint and scale in the Mexican precious metals mining sector.

The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.63 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Optimizes Operations Ahead of Bolanitos Acquisition

Guanajuato Silver Company Ltd. is optimizing its mining operations in the Guanajuato area as it prepares to close the acquisition of the Bolanitos gold-silver mine from Endeavour Silver Corp. This includes realigning mineral-transport routes and temporarily closing the Cata processing plant to maximize the utilization of its other facilities. The acquisition is expected to enhance the company’s operational efficiency and cost-effectiveness. Additionally, Guanajuato Silver is addressing a legal challenge from NucTech Mexico regarding compensation for mineral sorting equipment, with plans to appeal a court ruling requiring payment of damages.

The most recent analyst rating on (TSE:GSVR) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Reports Strong Q3 2025 Financial Growth and Operational Investments

Guanajuato Silver Company Ltd. reported a significant improvement in its financial position for Q3 2025, with a working capital increase of $11.3 million and positive cash flows from operations totaling over $3 million for the first nine months of the year. The company achieved a production of 457,525 silver-equivalent ounces and made substantial capital investments aimed at boosting operational efficiency and long-term production capabilities. These developments indicate a strategic shift towards enhanced financial health and operational growth, positioning the company for sustained success in the mining sector.

The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Expands with Acquisition of Bolanitos Mine

Guanajuato Silver Company Ltd. has entered into an agreement to acquire the Bolanitos gold-silver mine in Guanajuato, Mexico, from Endeavour Silver Corp. for up to $50 million. This acquisition will expand the company’s resource base and production capabilities, making Bolanitos its fifth producing mine in Mexico. The integration of the San Ignacio Mine into the Bolanitos Mines Complex is expected to improve economics and extend mine life by reducing transportation costs and increasing mill utilization. Additionally, the acquisition includes the historic Cebada mine, which the company plans to reactivate as a key exploration and development project. This strategic move aims to strengthen Guanajuato Silver’s position as a mid-tier precious metals producer in Mexico.

The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Secures Additional Funds Through Over-Allotment Option

Guanajuato Silver Company Ltd. has successfully closed an over-allotment option for its recent bought deal public offering, resulting in additional gross proceeds of C$522,000. This financial maneuver, facilitated by Canaccord Genuity Corp. and Red Cloud Securities Inc., strengthens the company’s financial position, supporting its growth trajectory as a leading silver producer in Mexico.

The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.

Guanajuato Silver Reports Positive Drill Results at El Cubo Mines

Guanajuato Silver Company Ltd. has announced promising results from its 2025 exploration and development drilling program at the El Cubo Mines Complex. The latest drill results include significant silver-equivalent grades from the Packman Vein and a new vein discovery near the San Luis Vein, indicating potential for further high-grade silver and gold production. These findings could enhance the company’s operational capabilities and strengthen its position within the Guanajuato Silver Mining District, benefiting stakeholders through potential increased production and resource expansion.

The most recent analyst rating on (TSE:GSVR) stock is a Buy with a C$0.65 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.