Mirasol Resources (MRZ) AI Stock Analysis

• Market Cap: C$54.90M
• Dividend Yield: N/A
• Average Volume (3M): 76.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• Revenue Growth: N/A
• EPS Growth: 1.38%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 88,547,190
• 10 Day Avg. Volume: 37,540
• 30 Day Avg. Volume: 76,050
• PEG Ratio: 0.00
• Price to Book (P/B): -132.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.41
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.60 ▲(9.82% Upside)

The score is held down primarily by weak financial performance (no current revenue, ongoing losses and cash burn, and a deteriorated balance sheet with negative equity and higher debt). Technicals are a relative positive with price above key moving averages and neutral momentum, but valuation is constrained by a negative P/E and no indicated dividend support.

Positive Factors

Asset-light exploration model

Mirasol’s core model is project generation and early-stage exploration rather than operating mines. This asset-light approach lets the company advance multiple targets, de-risk prospects and seek partner funding, preserving capital and scalability over the medium term.

Multiple monetization pathways

The company can realize value through JV/option deals, asset sales or royalties and equity raises. These diverse cash-in avenues provide structural flexibility to fund exploration, secure partner-funded programs, and monetize discoveries without needing to build capital-intensive mines.

Precious and base-metal focus in established jurisdictions

Concentrating on precious and base metals in Argentina and Chile gives Mirasol exposure to commodities with long-term industrial and investment demand and operates in regions with established mining activity, aiding permitability, partner interest, and potential project attractiveness.

Negative Factors

No operating revenue and sustained losses

The company has no operating revenue and posted ~-9.7M TTM net losses. Without a revenue base, Mirasol must rely on external financing or partner deals to fund exploration, making its path to self-sustaining operations and profitability uncertain over the medium term.

Negative equity and rising debt

Equity turning negative and growing debt materially weaken the balance sheet, reducing financial flexibility. Negative equity complicates borrowing, increases creditor risk and may constrain the company’s ability to pursue multiple exploration programs without dilutive financing or asset sales.

Consistent cash burn and poor cash generation

Operating losses are translating into meaningful cash outflows (TTM OCF and FCF ~-8.4M). Persistent cash burn forces repeated capital raises or asset monetization, likely dilutive, and limits the company’s ability to advance multiple projects or sustain lengthy drill campaigns without partner funding.

Mirasol Resources Business Overview & Revenue Model

Company Description

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship projects include the Sobek Cu project, which covers an area of 11,120 hectares located in northern Chile; and the Inca Gold that covers an area of 16,300 hectares located on the Paleocene belt of Chile. The company was founded in 2003 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Mirasol Resources makes money primarily through its exploration activities by forming joint venture agreements and strategic partnerships with larger mining companies. Instead of directly mining the resources themselves, Mirasol Resources typically partners with other companies that have the resources and capabilities to develop and operate mines. These collaborations often involve Mirasol Resources receiving payments related to exploration milestones, project funding, and potentially future royalties or equity stakes once a project advances to the mining stage. This model allows Mirasol to leverage its exploration expertise while minimizing operational risks and capital expenditures.

Mirasol Resources Financial Statement Overview

Summary

Very weak fundamentals: TTM revenue is 0 while losses persist (net income about -9.7M) and cash burn is high (TTM operating/FCF about -8.4M). Balance-sheet risk has increased with equity turning negative (about -1.2M) alongside higher debt (~2.9M), limiting financial flexibility and increasing funding/dilution risk.

Income Statement

Performance remains weak: TTM (Trailing-Twelve-Months) revenue is 0 (down from modest revenue in earlier years), while losses persist with net income around -9.7M and deeply negative operating earnings. With no meaningful revenue base and continued expense load, profitability and operating leverage are not yet evident. The key positive is that losses have not dramatically worsened versus the last few annual periods, but the business still lacks a clear path to near-term earnings.

Balance Sheet

Balance sheet risk has increased materially. Stockholders’ equity has flipped negative in the most recent periods (TTM equity about -1.2M vs. +3.7M in FY2024), while total debt has risen sharply to ~2.9M. Negative equity makes leverage indicators less meaningful and signals limited balance-sheet flexibility; total assets have also declined versus prior years, reducing the cushion available to absorb ongoing losses.

Cash Flow

Cash generation is a major concern: TTM (Trailing-Twelve-Months) operating cash flow is about -8.4M and free cash flow is about -8.4M, indicating continued cash burn to fund operations. Free cash flow is roughly in line with net losses (i.e., losses are translating into cash outflow rather than being mostly non-cash), and free cash flow growth is negative in the latest TTM period, pointing to worsening cash consumption.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	15.98K	496.70K	912.92K
Gross Profit	-57.00K	-54.12K	-64.50K	-53.07K	399.94K	806.68K
EBITDA	-9.48M	-9.85M	-8.84M	-9.70M	-4.95M	-5.21M
Net Income	-9.66M	-9.95M	-8.92M	-9.80M	-5.08M	-5.96M
Balance Sheet
Total Assets	2.24M	3.35M	4.31M	10.19M	8.47M	13.48M
Cash, Cash Equivalents and Short-Term Investments	594.79K	1.68M	2.44M	8.28M	6.42M	11.20M
Total Debt	2.94M	2.80M	74.00K	140.81K	197.19K	244.67K
Total Liabilities	3.44M	3.57M	622.60K	885.35K	672.43K	1.14M
Stockholders Equity	-1.20M	-220.51K	3.69M	9.31M	7.80M	12.33M
Cash Flow
Free Cash Flow	-8.43M	-8.57M	-8.39M	-8.67M	-5.09M	-5.38M
Operating Cash Flow	-8.37M	-8.57M	-8.31M	-8.58M	-5.05M	-5.23M
Investing Cash Flow	-15.65K	-66.34K	322.13K	514.63K	479.38K	7.33M
Financing Cash Flow	7.92M	7.92M	2.26M	10.31M	-92.74K	-201.41K

Mirasol Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRZ, the sentiment is Positive. The current price of 0.55 is below the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.51, and above the 200-day MA of 0.43, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.94 is Neutral, neither overbought nor oversold. The STOCH value of 14.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MRZ.

Mirasol Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CAM	53 Neutral	C$44.76M	-5.99	-160.92%	―	―	―
WEX	52 Neutral	C$48.38M	-6.44	-55.76%	―	―	―
GBU	49 Neutral	C$27.72M	-1.38	―	―	―	70.07%
MRZ	48 Neutral	C$54.90M	-4.84	-1572.16%	―	―	1.38%
DMET	44 Neutral	C$36.29M	-2.59	-53.21%	―	―	49.31%
CN	42 Neutral	C$22.55M	-3.80	-57.87%	―	―	-581.25%

Mirasol Resources Corporate Events

Mirasol Sells Mendoza Copper Portfolio to Argentina Metals for Cash and Shares

Mirasol Resources has signed an asset purchase agreement to sell a portfolio of 14 grassroots copper porphyry exploration projects in Mendoza, Argentina, totaling 89,070 hectares, to Mises Metals S.A.S., a wholly owned subsidiary of Argentina Metals Corp. The consideration comprises US$50,000 in cash and 1.3 million Argentina Metals shares issued in three tranches, with a clause that returns the properties to Mirasol, along with half the cash, if Argentina Metals fails to list on a Canadian exchange within a year. The transaction allows Mirasol to monetize and offload non-core Argentine copper assets while retaining upside exposure through an equity stake in Argentina Metals, thereby sharpening its focus on core projects such as the Sobek copper-gold project in Chile and streamlining its regional project portfolio.

The most recent analyst rating on (TSE:MRZ) stock is a Hold with a C$0.84 price target. To see the full list of analyst forecasts on Mirasol Resources stock, see the TSE:MRZ Stock Forecast page.

Mirasol Begins Drilling High-Priority 46 South Target at Sobek in Chile’s Vicuña District

Mirasol Resources has commenced drilling at its 100%-owned Sobek copper-gold-silver project in Chile’s Vicuña District, targeting the 46 South zone located about 7 km west of the Filo del Sol deposit along a 3-km north–south corridor of alteration and mineralization. The drilling program is based on results from a recently completed Deep Vectoring IP and MT geophysical survey, which, together with prior IP, soil geochemistry and airborne magnetic data, has outlined a shallow high-sulphidation epithermal target starting around 200 metres below surface and potentially linked to a deeper intrusive or porphyry system; this maiden 1,000-metre drill hole aims to test the coincident resistive–chargeable architecture, key structural intersections and a strong underlying magnetic anomaly, underscoring Sobek’s potential to host a significant new mineralized system in a district already anchored by major discoveries.

The most recent analyst rating on (TSE:MRZ) stock is a Hold with a C$0.56 price target. To see the full list of analyst forecasts on Mirasol Resources stock, see the TSE:MRZ Stock Forecast page.

Mirasol Resources Closes $3 Million Private Placement to Boost Exploration

Mirasol Resources Ltd has successfully closed a non-brokered private placement financing, raising approximately $3 million through the issuance of 6,689,445 units at $0.45 per unit. The proceeds will be used to advance exploration programs and for general corporate purposes. The financing included participation from two directors and one officer, constituting a related party transaction, which was exempt from certain regulatory requirements. This move strengthens Mirasol’s financial position, enabling continued exploration efforts and potentially enhancing its market position in the mineral exploration industry.

Mirasol Resources Sells Sascha-Marcelina Projects to Pursuit Minerals

Mirasol Resources has completed the sale of its Sascha-Marcelina Projects in Argentina to Pursuit Minerals for approximately US$1.5 million, retaining a 1.5% NSR royalty. This transaction aligns with Mirasol’s strategy to monetize non-core assets, strengthening its financial position and allowing it to focus on its exploration programs. The proceeds from the sale were used to repay CAD$2M towards an outstanding shareholder loan, reflecting the company’s commitment to financial prudence.

Mirasol Resources Appoints New CFO to Drive Exploration Initiatives

Mirasol Resources Ltd announced the retirement of Carmen Cazares as Chief Financial Officer, with Francisco Del Castillo taking over the role effective December 1, 2025. Del Castillo brings over 20 years of experience in financial management and public company reporting, particularly in the Latin American resource sector, which is expected to be instrumental in advancing Mirasol’s exploration projects in Chile and Argentina.

Mirasol Resources Initiates Exploration at Sobek Project in Chile

Mirasol Resources Ltd. has commenced the 2025/26 exploration season at its 100%-owned Sobek Copper-Gold-Silver Project in Chile’s Vicuña District. The company is conducting a Deep Vectoring IP and MT geophysical survey to refine drill targets at the 46 South target, which is considered a technically compelling site. This initiative is expected to increase the probability of significant mineralization discovery, potentially serving as a major catalyst for the company. The drilling program, set to start in early January, aims to test both epithermal and porphyry systems, with the potential to significantly impact Mirasol’s operations and industry positioning.

Mirasol Resources Sells Virginia Silver Project for $8 Million

Mirasol Resources Ltd. has signed a definitive agreement with Ampere Metals Pty. Ltd. for the sale of its Virginia Silver Project in Argentina, valued at US$8 million over seven years, with Mirasol retaining a 2% net smelter royalty. This strategic sale provides Mirasol with significant funds to support its ongoing exploration projects and highlights the potential of its portfolio, marking a major achievement in its business development initiatives.

Mirasol Resources Extends Private Placement Offering Deadline

Mirasol Resources Ltd announced an extension to the closing date of its non-brokered private placement financing, initially arranged for up to 6,666,667 Units at $0.45 per Unit, aiming to raise $3.0 million. The new deadline for completion is December 16, 2025, with all other terms remaining unchanged, pending acceptance by the TSX Venture Exchange. This extension could impact the company’s funding strategy and stakeholder expectations as it continues to develop its exploration projects.