Silver Bullet Mines Corp (TSE:SBMI)
:SBMI
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Silver Bullet Mines Corp
(SBMI)
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Rating:46Neutral
Price Target:
C$0.21
▼(-23.70% Downside)
Action:Reiterated
Date:03/24/26
The score is held down primarily by weak financial performance (ongoing losses and heavy cash burn with financing/dilution risk) and only modest technical strength (negative MACD and below key moving averages). Positive corporate developments (offtake deal, first payments/shipments, and project progress) provide upside optionality, but do not yet offset the lack of demonstrated sustainable revenue and cash generation. Valuation is also difficult to support given negative earnings and no dividend.
Positive Factors
Offtake agreement & initial shipments
A multi-year offtake plus first payments and concentrate shipments creates a durable commercial outlet as production scales. That arrangement reduces offtake execution risk, improves revenue visibility for project financing, and strengthens the company's path from development to sustained sales and cash inflows.
Negative Factors
Persistent cash burn
Consistent and sizable negative operating and free cash flow implies the business cannot self-fund operations or development. Continued burn forces reliance on external financing, raising dilution and execution risk and limiting ability to invest in sustaining capex or unexpected project costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Offtake agreement & initial shipments
A multi-year offtake plus first payments and concentrate shipments creates a durable commercial outlet as production scales. That arrangement reduces offtake execution risk, improves revenue visibility for project financing, and strengthens the company's path from development to sustained sales and cash inflows.
Read all positive factors
Silver Bullet Mines Corp (SBMI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$28.29M
Dividend YieldN/A
Average Volume (3M)203.64K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth-2.47%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-2.20
Shares Outstanding134,712,660
10 Day Avg. Volume142,351
30 Day Avg. Volume203,641
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-165.21
Price to Sales (P/S)0.00
P/FCF Ratio-3.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$10.40M
Silver Bullet Mines Corp Business Overview & Revenue Model
Company Description
Silver Bullet Mines Corp. engages in the acquisition, exploration, development, and extraction of natural resources, specifically precious metals in Arizona, Idaho, and Nevada. It primarily focuses on the development and operation of its Buckeye S...
How the Company Makes Money
SBMI generates revenue primarily through the extraction and sale of silver and other byproduct metals sourced from its mining operations. The company explores and develops mineral-rich properties and sells the extracted materials to refiners, smel...
Silver Bullet Mines Corp Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
30
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.35M | -133.96K | -138.22K | -136.65K | -47.00K | 0.00 |
| EBITDA | -5.66M | -4.95M | -1.96M | -2.49M | -5.94M | -83.88K |
| Net Income | -6.09M | -5.49M | -2.27M | -2.78M | -6.07M | -1.89M |
Balance Sheet | ||||||
| Total Assets | 3.56M | 3.35M | 3.27M | 3.15M | 3.62M | 5.13M |
| Cash, Cash Equivalents and Short-Term Investments | 365.69K | 239.08K | 103.28K | 7.77K | 284.85K | 3.51M |
| Total Debt | 308.38K | 1.31M | 2.04M | 1.21M | 273.97K | 230.13K |
| Total Liabilities | 2.16M | 3.43M | 3.44M | 1.89M | 537.99K | 599.06K |
| Stockholders Equity | 1.40M | -79.09K | -170.37K | 1.26M | 3.08M | 4.53M |
Cash Flow | ||||||
| Free Cash Flow | -4.85M | -4.08M | -1.35M | -1.94M | -6.06M | -2.30M |
| Operating Cash Flow | -4.79M | -3.97M | -1.35M | -1.85M | -4.11M | -1.27M |
| Investing Cash Flow | -54.24K | -107.85K | -3.25K | -90.14K | -1.87M | -1.10M |
| Financing Cash Flow | 5.08M | 4.28M | 1.55M | 1.71M | 2.80M | 5.87M |
Silver Bullet Mines Corp Technical Analysis
Negative
0.27
Price Trends
0.23
Negative
0.24
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
42.06
Neutral
21.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SBMI, the sentiment is Negative. The current price of 0.27 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.23, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.06 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SBMI.
Silver Bullet Mines Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | C$28.29M | -8.13 | -2228.93% | ― | ― | -2.47% | |
46 Neutral | C$14.31M | -4.30 | -56.83% | ― | ― | 81.97% | |
45 Neutral | C$8.08M | -34.81 | -8.97% | ― | ― | 51.16% | |
41 Neutral | C$35.55M | -73.87 | -25.82% | ― | ― | -4.76% | |
41 Neutral | C$25.36M | -6.74 | -162.44% | ― | ― | 31.98% |
* Basic Materials Sector Average
TSE:SBMI
Silver Bullet Mines Corp
0.21
0.07
55.56%
TSE:SWLF
Silver Wolf Exploration
0.13
0.03
30.00%
TSE:SNG
Silver Range Resources
0.15
0.06
70.59%
TSE:PNTR
Pantera Silver
0.50
0.21
76.79%
TSE:TSLV
Tier One Silver
0.10
<0.01
3.16%
TSE:AGA
Silver47 Exploration Corp
0.66
0.05
8.20%
Silver Bullet Mines Corp Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Silver Bullet Mines Orders Portable Crusher, Plans Mill Expansion and Non-Equity Financing
Positive
Apr 10, 2026
Silver Bullet Mines Corp. has ordered a custom portable crushing plant to meet specifications under its five-year supply agreement with Ocean Partners US Inc., initially targeting production of 100 tons of mineralized material per day at its Colum...
Business Operations and StrategyExecutive/Board Changes
Silver Bullet Mines Details Historical Data on New Arizona Assets and Announces Board Change
Neutral
Apr 10, 2026
Silver Bullet Mines has released historical technical data relating to its recently acquired Columbia and Gold Queen mines in Gila County, Arizona, which lie roughly 30 miles from its Globe mill and support its hub-and-spoke operating strategy. Th...
Business Operations and Strategy
Silver Bullet Mines Secures Five-Year Offtake Deal With Ocean Partners
Positive
Mar 3, 2026
Silver Bullet Mines Corp. has signed a five-year framework agreement with global metals trader Ocean Partners US Inc. under which all material from the company’s Arizona mines, in concentrate or other forms, will be sold to Ocean Partners. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.