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Silver Bullet Mines Corp
(SBMI)
Silver Bullet Mines Corp (SBMI) vs. iShares MSCI Canada ETF (EWC)
Silver Bullet Mines Corp Business Overview & Revenue Model
Silver Bullet Mines Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Dec 2018 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 445.25K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -1.70M | -138.22K | -136.65K | -47.00K | 0.00 | 0.00 | EBIT |
| -2.68M | -2.08M | -2.63M | -6.05M | -1.50M | -34.50K | EBITDA |
| -3.29M | -1.96M | -2.49M | -5.94M | -83.88K | -45.71K | Net Income Common Stockholders |
| -3.73M | -2.27M | -2.78M | -6.07M | -1.89M | -45.71K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.37K | 103.28K | 7.77K | 284.85K | 3.51M | 88.79K | Total Assets |
| 3.41M | 3.27M | 3.15M | 3.62M | 5.13M | 105.74K | Total Debt |
| 887.06K | 2.04M | 1.21M | 273.97K | 230.13K | 0.00 | Net Debt |
| 873.69K | 1.94M | 1.20M | -10.88K | -3.28M | -88.79K | Total Liabilities |
| 1.38M | 3.44M | 1.89M | 537.99K | 599.06K | 51.45K | Stockholders Equity |
| 2.03M | -170.37K | 1.26M | 3.08M | 4.53M | 54.29K |
| Cash Flow | Free Cash Flow | ||||
| -2.54M | -1.35M | -1.94M | -6.06M | -2.30M | -11.21K | Operating Cash Flow |
| -2.46M | -1.35M | -1.85M | -4.11M | -1.27M | -11.21K | Investing Cash Flow |
| -77.48K | -3.25K | -90.14K | -1.87M | -1.10M | 0.00 | Financing Cash Flow |
| 2.76M | 1.55M | 1.71M | 2.80M | 5.87M | 100.00K |
Silver Bullet Mines Corp Technical Analysis
Silver Bullet Mines Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$3.78B | 14.96 | 39.28% | ― | 105.06% | 481.75% | |
61 Neutral | $1.98B | ― | -14.41% | ― | 4.45% | -3193.40% | |
56 Neutral | $711.07M | ― | -95.94% | ― | 23.63% | 22.43% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
34 Underperform | C$15.24M | ― | -1611.69% | ― | ― | -64.17% | |
34 Underperform | C$14.00M | ― | -9999.00% | ― | ― | -79.49% |
Silver Bullet Mines Corp Corporate Events
Silver Bullet Mines Corp. has completed the first phase of development at the Washington Mine in Idaho, revealing promising gold and silver targets. The company has advanced its infrastructure, intercepted historical mineral veins, and identified significant mineralization, positioning itself to commence mining high-grade materials. Additionally, the company announced a debenture financing arrangement and a board member resignation, with plans to appoint a new director.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Underperform.
Silver Bullet Mines Corp’s overall stock score is significantly impacted by its financial instability, marked by persistent losses and high leverage. Despite positive corporate events and some technical trends, the negative P/E ratio and lack of dividends present major valuation challenges. The financial health remains a critical risk factor.
To see Spark’s full report on TSE:SBMI stock, click here.
Silver Bullet Mines Corp has completed the first phase of development at the Washington Mine in Idaho, advancing a main haulage tunnel and setting up drill stations to further explore gold and silver zones. The company has identified significant mineralization, including a high-grade gold assay of 30.1 ppm, and plans to commence mining and stockpiling material. Additionally, SBMI has opted to pay interest on a debenture in shares and announced the resignation of a board member, with plans to appoint a replacement.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Underperform.
Silver Bullet Mines Corp’s overall stock score is significantly impacted by its financial instability, marked by persistent losses and high leverage. Despite positive corporate events and some technical trends, the negative P/E ratio and lack of dividends present major valuation challenges. The financial health remains a critical risk factor.
To see Spark’s full report on TSE:SBMI stock, click here.
Silver Bullet Mines Corp. has signed its first open purchase agreement for the sale of its gold and silver concentrate, marking a significant step in its commercial operations. The company has reported high-grade silver assays from its Super Champ Mine, supporting its decision to expand mining operations and increase output, which may enhance its market position and stakeholder value.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Neutral.
Silver Bullet Mines Corp is facing severe financial challenges, including persistent losses and high leverage, which significantly impact its overall stock score. Despite positive technical trends and recent corporate developments that suggest potential operational improvements, the company’s negative P/E ratio and lack of dividend yield present valuation challenges. The positive corporate events provide some optimism, but the financial instability remains a key risk.
To see Spark’s full report on TSE:SBMI stock, click here.
Silver Bullet Mines Corp has successfully increased the concentrate grade of its Super Champ material to 530 ounces per ton of silver, marking a 12% improvement over previous production runs. This enhancement is attributed to improved mill efficiencies and higher head grade, potentially boosting the company’s operational capacity and reducing production risks. The company has also made its first sale of concentrate, with the buyer reporting successful recovery of silver and gold, indicating positive implications for future sales and stakeholder confidence.
Silver Bullet Mines Corp has announced the granting of one million options to a consultant, with an exercise price of twenty cents, immediate vesting, and a term of four weeks. This move could potentially impact the company’s operational strategy by aligning consultant interests with company performance, possibly influencing its market positioning and stakeholder relations.
Silver Bullet Mines Corp has reported significant progress at its Super Champ Mine in Arizona, highlighting the potential for substantial gold and silver production. The company has successfully delineated a vein over 1500 feet and cleared most of the overburden, with samples showing high silver content, indicating promising prospects for future operations.
Silver Bullet Mines Corp. has successfully accessed a high-grade silver vein at its Washington Mine in Idaho, which is estimated to contain 3 million ounces of silver and 15,000 ounces of gold. This development is expected to enhance the company’s operational capabilities and strengthen its position in the precious metals market, potentially benefiting stakeholders through increased resource extraction and production efficiency.
Silver Bullet Mines Corp. has successfully shipped its first order of silver concentrate from its operations in Arizona and has achieved its targeted production rate at its Globe, Arizona mill. This milestone marks the beginning of revenue generation for the company, with expectations of increased silver grades in future shipments as higher grade material is processed. The company has also invested in a larger excavator to enhance its production capabilities, indicating a commitment to sustaining and potentially increasing its output.
Silver Bullet Mines Corp has successfully closed an oversubscribed financing round, raising a total of $2,586,020, which exceeded expectations by $1,086,020. These funds are earmarked for accelerated development programs at the Super Champ Mine in Arizona and the Washington Mine in Idaho, supporting the company’s operational growth and enhancing its industry positioning.