Mirasol Resources (MRZ) AI Stock Analysis

• Market Cap: C$38.10M
• Dividend Yield: N/A
• Average Volume (3M): 76.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.37
• 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): 0.00
• Shares Outstanding: 88,597,190
• 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: 44 Neutral
• Price Target: C$0.42 ▼(-24.18% Downside)
• Action: Reiterated Date: 03/02/26
• Date: Action: Reiterated 03/02/26

The score is held down primarily by weak financial performance (zero/very low revenue, ongoing losses, and heavy cash burn) and increased balance-sheet risk from compressed equity. Technicals are relatively neutral with price modestly above longer-term averages, but momentum is not clearly positive. Valuation is also a headwind due to negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Project-generation business model

A project‑generation model that relies on option/joint‑venture agreements reduces the need for large capital outlays to build mines. Durable over months, this model lets Mirasol de‑risk projects via partners, preserving capital while creating value through staged milestone payments.

Relatively low absolute debt

Modest absolute debt levels limit fixed financial obligations and reduce bankruptcy risk relative to larger-cap miners. For an exploration company, manageable nominal debt supports the ability to fund near‑term activity via financing or partner deals without large interest drains.

Positive TTM equity cushion

A positive equity balance, even if reduced, provides a minimum capital buffer against losses and supports raising incremental capital or structuring partner deals. This cushion improves short‑term solvency and sustains project advancement options over coming months.

Negative Factors

Persistent negative cash flow

Consistently large negative operating and free cash flows indicate structural cash burn that must be funded externally. Over 2–6 months this erodes liquidity, forces dilution or debt, and constrains the firm's ability to advance multiple drill programs or respond to partner negotiation timelines.

Pre-revenue and sustained losses

Lack of recurring revenue and sizable operating losses mean value creation depends solely on successful exploration outcomes or asset monetization. This structurally prolongs reliance on capital markets or partners and raises execution risk for advancing projects to partnerable stages.

Deteriorated balance sheet and higher leverage

A period of negative equity and higher leverage reduces financial flexibility and increases cost of capital. Structurally, this impairs negotiating power with partners and heightens dilution risk for shareholders if equity issuances are needed to sustain exploration over the coming months.

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 primarily seeks to create value through mineral exploration and the advancement of exploration-stage properties rather than through operating mines. Its potential sources of cash inflow typically include: (1) option and joint-venture agreements with larger mining companies, where a partner can fund exploration/earn an interest in a project and may pay cash option payments and/or reimbursements (exact terms vary by agreement); (2) proceeds from the sale or partial divestment of project interests or royalties if and when assets are monetized; and (3) equity financings (issuing shares/warrants) to fund exploration and corporate overhead, which provide capital but are not operating revenue. The company’s earnings capacity is therefore closely tied to its ability to secure partners for its projects, achieve exploration results that increase project value, and access capital markets. Specific, current revenue figures or named partnership terms are null.

Mirasol Resources Financial Statement Overview

Summary

Income statement and cash flow are very weak (TTM revenue at 0, sizable operating losses, and materially negative operating/free cash flow), indicating ongoing funding dependence. Balance-sheet risk has risen as equity has compressed sharply (including a period of negative equity) and leverage has increased, reducing financial flexibility.

Income Statement

The company remains pre-revenue/very low revenue, with TotalRevenue at 0 in the latest TTM (Trailing-Twelve-Months) and recent annual periods (after small revenue in 2022–2023). Profitability is weak: gross profit is negative in the most recent periods and operating losses are sizable (TTM EBIT of about -$8.3M; TTM net loss about -$6.2M). While the TTM net loss is smaller than the FY2025 annual net loss, the overall earnings profile is still heavily loss-making and lacks a visible revenue base, limiting the score.

Balance Sheet

Balance sheet strength has deteriorated meaningfully versus prior years. In the latest TTM (Trailing-Twelve-Months), equity is positive (~$1.8M) but well below historical levels, and leverage has risen (debt-to-equity ~0.64). The FY2025 annual snapshot shows negative equity, which is a key red flag and helps explain the extreme/unstable leverage and return measures in that period. Positively, total debt in the TTM period (~$1.2M) is not massive in absolute terms, but the reduced equity cushion increases financial risk.

Cash Flow

Cash generation is weak, with consistently negative operating cash flow and free cash flow across all shown periods. TTM (Trailing-Twelve-Months) operating cash flow is about -$6.8M and free cash flow about -$6.9M, and free cash flow growth is also negative in the TTM period, pointing to increasing cash burn. Cash outflows broadly track reported losses (free cash flow roughly in line with net income), which suggests limited non-cash support and reinforces funding/financing dependence.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	0.00	0.00	0.00	15.98K	496.70K	912.92K
Gross Profit	-60.45K	-54.12K	-64.50K	-53.07K	399.94K	806.68K
EBITDA	-8.29M	-9.85M	-8.84M	-9.70M	-4.95M	-5.21M
Net Income	-6.22M	-9.95M	-8.92M	-9.80M	-5.08M	-5.96M
Balance Sheet
Total Assets	3.83M	3.35M	4.31M	10.19M	8.47M	13.48M
Cash, Cash Equivalents and Short-Term Investments	2.34M	1.68M	2.44M	8.28M	6.42M	11.20M
Total Debt	1.16M	2.80M	74.00K	140.81K	197.19K	244.67K
Total Liabilities	2.01M	3.57M	622.60K	885.35K	672.43K	1.14M
Stockholders Equity	1.82M	-220.51K	3.69M	9.31M	7.80M	12.33M
Cash Flow
Free Cash Flow	-6.86M	-8.57M	-8.39M	-8.67M	-5.09M	-5.38M
Operating Cash Flow	-6.79M	-8.57M	-8.31M	-8.58M	-5.05M	-5.23M
Investing Cash Flow	2.08M	-66.34K	322.13K	514.63K	479.38K	7.33M
Financing Cash Flow	3.94M	7.92M	2.26M	10.31M	-92.74K	-201.41K

Mirasol Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.57, and above the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 32.70 is Neutral, neither overbought nor oversold. The STOCH value of 15.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$37.76M	-5.51	-53.48%	―	―	―
WEX	52 Neutral	C$36.28M	-5.16	-51.11%	―	―	―
GBU	49 Neutral	C$40.20M	-2.02	―	―	―	70.07%
MRZ	44 Neutral	C$38.10M	-1,187.78	-1239.88%	―	―	1.38%
DMET	44 Neutral	C$36.29M	-1.02	-53.21%	―	―	49.31%
CN	42 Neutral	C$23.30M	-13.90	-57.87%	―	―	-581.25%

Mirasol Resources Corporate Events

Mirasol Cuts US$4 Million Deal to Sell Chilean Rubi Copper Project While Keeping Royalty Upside

Mirasol Resources has signed a binding letter of intent with San Lorenzo Gold Corp. for an exclusive option to acquire its 100%-owned Rubi Copper Project in northern Chile for total consideration of US$4 million, structured in staged payments and exploration commitments over up to six years. The deal aligns with Mirasol’s strategy to monetize undervalued assets, while retaining a 2% net smelter return royalty and a fully carried minority interest through decision to mine, preserving upside exposure to any future development.

Under the three-stage option, San Lorenzo can progressively earn 70%, 85% and ultimately 100% of Rubi, with Mirasol also gaining a 0.5% NSR on adjacent San Lorenzo claims once the first option is completed. San Lorenzo will have limited rights to buy back up to 1% of the royalty for a total of US$4 million, and for Mirasol shareholders the transaction is expected to strengthen the company’s funding for ongoing exploration while maintaining long-term leverage to potential copper discoveries at Rubi within a well-endowed porphyry district.

The most recent analyst rating on (TSE:MRZ) stock is a Hold with a C$0.53 price target. To see the full list of analyst forecasts on Mirasol Resources stock, see the TSE:MRZ Stock Forecast page.

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.