Silver Sands Resources (SAND) AI Stock Analysis

• Market Cap: C$1.59M
• Dividend Yield: N/A
• Average Volume (3M): 22.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.48
• Revenue Growth: N/A
• EPS Growth: 84.62%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 14,440,612
• 10 Day Avg. Volume: 4,358
• 30 Day Avg. Volume: 22,606
• PEG Ratio: 0.02
• Price to Book (P/B): -17.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.64
• 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: 52 Neutral
• Price Target: C$0.11 ▲(38.75% Upside)

The score is held down primarily by weak financial performance (no revenue, recurring losses, negative cash flow, and negative equity), which outweighs improving but still cash-burning trends. Technicals are a key offset, showing a strong uptrend versus moving averages and positive momentum indicators. Valuation is neutral-to-weak due to losses (negative P/E) and no dividend support.

Positive Factors

Low Financial Leverage

No reported debt reduces fixed financial obligations and insolvency risk, giving management flexibility to prioritize exploration spending or conserve cash. For an early-stage miner this lower leverage lengthens runway between financings and lowers bankruptcy risk versus peers.

Focused Precious Metals Strategy

Concentration on silver and gold exploration targets assets with durable long-term demand and clear monetization pathways. As an early-stage explorer, successful resource delineation can materially increase project value and attract joint-venture partners or project-level financing.

Improving Cash Burn

Recent narrowing of operating outflows indicates tighter cost control and modest runway extension, reducing near-term financing pressure. While still cash-negative, improving burn rates make incremental exploration programs more sustainable and may lower the frequency or size of dilutive raises if trend persists.

Negative Factors

No Revenue

Absence of revenue through 2025 confirms the company is exploration-only with no operating cash inflows. This structural lack of revenue forces ongoing dependence on external capital to fund drilling and permitting, increasing execution risk and likelihood of future dilution.

Negative Shareholders' Equity

Shift to negative equity indicates capital erosion and a weaker balance-sheet buffer to absorb further losses. This deterioration limits financial flexibility, can impair access to partner financing or credit, and raises solvency concerns if cash resources become constrained.

Persistent Cash Burn

Consistently negative operating and free cash flows mean the company cannot self-fund exploration or development. Ongoing dependence on external funding heightens dilution risk, creates execution uncertainty if markets tighten, and may delay advancement of projects absent new capital.

Silver Sands Resources Business Overview & Revenue Model

Company Description

Silver Sands Resources Corp. engages in the acquisition and exploration of mineral resource properties in Canada. It holds 100% interest in the Virginia silver project located in Santa Cruz Province of Argentina; and an interest in the Corner Pocket copper-zinc-silver massive sulfide project covering an area of 6,400 hectares located in Newfoundland. The company was formerly known as Golden Opportunity Resources Corp. and changed its name to Silver Sands Resources Corp. in June 2020. Silver Sands Resources Corp. was incorporated in 2018 and is based in Vancouver, Canada.

How the Company Makes Money

Silver Sands Resources generates revenue through the exploration, development, and eventual production of silver and related precious metals. The company's primary revenue streams include the sale of extracted silver to industrial clients, jewelry manufacturers, and investors interested in physical silver. Additionally, Silver Sands Resources may enter into joint ventures or strategic partnerships with other mining companies to share exploration and development costs, thereby enhancing its operational efficiency and potential profitability. The company's earnings are significantly influenced by global silver prices, which fluctuate based on market demand, economic conditions, and geopolitical factors. Furthermore, Silver Sands may leverage financing and equity offerings to fund its exploration and development activities, although these do not directly contribute to revenue but enable future revenue generation.

Silver Sands Resources Financial Statement Overview

Summary

Financials are weak: no revenue across all reported years, persistent losses, and consistently negative operating/free cash flow (ongoing cash burn). While there is no reported debt and recent losses/cash burn have modestly improved, the balance sheet has deteriorated to negative equity in 2024–2025, reducing financial flexibility and increasing reliance on external funding.

Income Statement

The company reports no revenue across all provided annual periods (2020–2025), consistent with an early-stage/resource exploration profile. Losses are persistent, but the scale of losses has improved versus prior years (net loss narrowed to about -$0.35M in 2025 from a much larger loss in 2023). Profitability remains weak overall with negative operating results in every year and no demonstrated path to self-funded earnings yet.

Balance Sheet

A key positive is the absence of reported debt across all periods, which reduces financial leverage risk. However, the balance sheet has deteriorated materially: stockholders’ equity moved from positive levels in 2020–2023 to negative in 2024–2025, signaling capital erosion and weaker balance-sheet flexibility. Total assets have also declined sharply from 2022 levels, indicating a smaller capital base to support ongoing operations.

Cash Flow

Operating cash flow and free cash flow are consistently negative, indicating ongoing cash burn to sustain the business. Cash burn has improved modestly recently (operating cash outflow around -$0.35M in 2025 vs. -$0.47M in 2023), but free cash flow growth is volatile and remains negative in absolute terms. With no revenue and recurring outflows, the company likely depends on external funding to continue operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-168.70K	-354.42K	-465.93K	-603.77K	-909.83K	-1.95M
Net Income	-253.51K	-354.42K	-1.07M	-6.65M	-909.83K	-1.95M
Balance Sheet
Total Assets	24.04K	73.70K	138.16K	1.01M	5.39M	5.53M
Cash, Cash Equivalents and Short-Term Investments	18.50K	54.69K	118.81K	440.06K	261.61K	2.30M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	189.57K	105.48K	249.51K	85.15K	29.36K	47.81K
Stockholders Equity	-165.52K	-31.79K	-111.35K	924.90K	5.36M	5.48M
Cash Flow
Free Cash Flow	-113.56K	-348.27K	-364.05K	-1.06M	-2.08M	-3.31M
Operating Cash Flow	-113.56K	-348.27K	-364.05K	-473.20K	-715.93K	-962.82K
Investing Cash Flow	0.00	0.00	12.80K	-638.28K	-1.36M	-2.35M
Financing Cash Flow	-847.00	284.15K	30.00K	1.29M	40.53K	5.51M

Silver Sands Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.08
• 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:SAND, the sentiment is Neutral. The current price of 0.08 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.09, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.14 is Neutral, neither overbought nor oversold. The STOCH value of 39.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SAND.

Silver Sands 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%
SWLF	58 Neutral	C$12.34M	-41.00	-8.97%	―	―	47.37%
SAND	52 Neutral	C$1.59M	-6.83	―	―	―	84.62%
SBMI	52 Neutral	C$36.14M	-4.16	-9498.89%	―	―	-69.10%
SNG	51 Neutral	C$16.23M	-4.76	-44.50%	―	―	-221.30%
MASS	48 Neutral	C$9.10M	-5.45	-187.07%	―	―	-42.86%
CAPT	46 Neutral	C$259.62M	-130.32	-6.80%	―	―	14.37%

Silver Sands Resources Corporate Events

Silver Sands Resources to Raise Capital and Settle Debt via Equity Units

Silver Sands Resources Corp. plans to raise up to CAD$487,500 through a private placement of up to 6.5 million units priced at $0.075, each consisting of one common share and half a warrant exercisable at $0.15 for two years, with potential finder’s fees payable in cash and warrants. Concurrently, the company has entered into debt settlement agreements to issue 2,365,000 similar units to directors, an officer and a consultant to extinguish $177,375 of liabilities, a move aimed at conserving cash for operations; in total, 8,865,000 shares and 4,432,500 warrants will be issued, subject to Canadian Securities Exchange approval and a four-month-plus-one-day hold period, with closing targeted on or before February 10, 2026.

The most recent analyst rating on (TSE:SAND) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Silver Sands Resources stock, see the TSE:SAND Stock Forecast page.