Salazar Resources (SRL) AI Stock Analysis

• Market Cap: C$62.37M
• Dividend Yield: N/A
• Average Volume (3M): 33.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: 73.94%
• Country: CA
• Employees: 225
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 259,863,100
• 10 Day Avg. Volume: 23,417
• 30 Day Avg. Volume: 33,330
• PEG Ratio: 0.11
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.01
• 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: 50 Neutral
• Price Target: C$0.26 ▲(13.04% Upside)

The score is held down primarily by weak financial performance (no reported revenue, ongoing losses, and negative operating/free cash flow). Technicals provide a meaningful offset with a clear uptrend and positive momentum, though overbought readings add near-term risk. Valuation remains constrained by negative earnings and the absence of a dividend.

Positive Factors

Strong Equity Position

A strong equity position with no debt provides financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of interest payments.

Strategic Partnerships

Strategic partnerships provide financial backing and shared expertise, enhancing exploration capabilities and increasing the likelihood of successful project development.

El Domo Mine Development

The development of the El Domo mine represents a significant growth opportunity, potentially leading to future revenue generation and improved financial performance once production begins.

Negative Factors

No Revenue Generation

The lack of revenue generation indicates operational challenges and limits the company's ability to self-fund projects, increasing reliance on external financing.

Negative Cash Flow

Negative cash flow suggests the company is not generating sufficient cash from operations, which could hinder its ability to sustain operations and invest in future growth.

Ongoing Losses

Ongoing losses reflect operational inefficiencies and financial distress, potentially impacting the company's long-term viability and attractiveness to investors.

Salazar Resources Business Overview & Revenue Model

Company Description

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. Its principal project is the Curipamba project that consists of seven concessions which covers approximately 21,500 hectares located in Ecuador. The company also holds interests in three concessions covering an area of 3,246 hectares in the Pijili project located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project. In addition, it has interests in Los Santos Concession covering an area of 2,215 hectares located in southwest Ecuador; and the El Potro project located in southern Ecuador. Salazar Resources Limited was incorporated in 1987 and is based in Vancouver, Canada.

How the Company Makes Money

Salazar Resources makes money through a combination of exploration success and strategic partnerships. The company's primary revenue stream is generated by advancing exploration projects to a stage where they become attractive to larger mining companies or investors, leading to joint ventures or outright sales of the project rights. Additionally, Salazar Resources benefits from strategic partnerships with other mining companies, which may involve joint exploration agreements, where partners contribute funding in exchange for a stake in the project. These collaborations often provide the financial backing needed to conduct extensive exploration activities and enhance the value of its resource portfolio. By focusing on high-potential mineral assets and leveraging industry partnerships, Salazar Resources aims to create value for shareholders through successful project development and eventual resource extraction or monetization.

Salazar Resources Financial Statement Overview

Summary

Financials are weak: no revenue is reported in the provided periods, profitability is consistently negative (TTM net loss ~-$2.6M), and cash flow remains negative (TTM operating cash flow ~-$1.45M; TTM free cash flow ~-$1.66M). The main offsetting strength is a low-risk capital structure with $0 debt and equity roughly matching assets, though equity has trended down due to ongoing losses.

Income Statement

Results remain weak with no revenue reported across the historical periods provided, while profitability is consistently negative. TTM (Trailing-Twelve-Months) net income is a loss of about $2.6M, an improvement versus the 2024 annual loss (~$4.6M), but losses have persisted for multiple years and gross profit is negative, indicating an ongoing cost structure without meaningful operating scale. A key positive is that the magnitude of losses has narrowed recently versus 2023–2024, but visibility into sustainable earnings is limited without revenue.

Balance Sheet

The balance sheet appears conservatively financed with total debt reported at $0 across periods, reducing financial risk. Stockholders’ equity remains sizable (~$21.9M in TTM) relative to total assets (~$22.4M), suggesting limited leverage. The main weakness is continued losses driving negative returns on equity (TTM return on equity around -11.7%), and equity has trended down from 2022 levels, reflecting value erosion despite the low-debt profile.

Cash Flow

Cash generation is pressured, with operating cash flow negative in TTM (~-$1.45M) and free cash flow also negative (~-$1.66M). Free cash flow improved versus 2024 (less negative than ~-$2.11M), but the company is still consuming cash and TTM free cash flow growth is negative (about -18%). While free cash flow has at times been better than net income due to non-cash items, the recurring cash burn increases reliance on external funding over time.

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	-76.91K	-103.11K	-179.07K	-211.71K	-150.82K	-146.82K
EBITDA	-2.39M	-4.39M	-1.30M	-3.29M	2.88M	-984.16K
Net Income	-2.62M	-4.64M	-5.68M	-3.90M	2.73M	-997.46K
Balance Sheet
Total Assets	22.43M	22.38M	23.83M	29.27M	29.18M	26.09M
Cash, Cash Equivalents and Short-Term Investments	560.72K	636.65K	609.30K	2.17M	3.72M	1.35M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	571.13K	270.42K	459.26K	619.62K	401.92K	2.26M
Stockholders Equity	21.86M	22.11M	23.37M	28.66M	28.78M	23.83M
Cash Flow
Free Cash Flow	-1.66M	-2.11M	-1.69M	-2.27M	-5.05M	-2.75M
Operating Cash Flow	-1.45M	-1.34M	-495.47K	225.95K	-1.56M	-1.21M
Investing Cash Flow	-992.84K	-764.40K	-1.36M	-4.50M	-3.18M	-1.20M
Financing Cash Flow	1.74M	2.19M	408.52K	2.62M	6.74M	84.10K

Salazar Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.23
• 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:SRL, the sentiment is Positive. The current price of 0.23 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.21, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SRL.

Salazar 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%
AAN	52 Neutral	C$81.57M	-6.43	―	―	―	―
TK	51 Neutral	C$61.48M	-34.59	-1.53%	―	―	5.26%
SRL	50 Neutral	C$62.37M	-21.62	-11.93%	―	―	73.94%
RTG	48 Neutral	C$66.91M	-8.33	-42.68%	―	―	33.33%
CNRI	46 Neutral	C$45.73M	-63.49	-1.60%	―	―	88.42%
GMA	42 Neutral	C$51.32M	-118.97	-102.86%	―	-100.00%	-33.58%

Salazar Resources Corporate Events

Salazar Resources Raises $1.43 Million and Hires IR Firm to Support Ecuador Exploration

Salazar Resources has closed a non-brokered private placement, raising approximately $1.43 million through the issuance of over 11 million common shares at $0.13 per share, with net proceeds earmarked for advancing its resource properties in Ecuador and for general working capital. The financing, which included participation by company insiders under related-party transaction rules but within thresholds that exempt formal minority protections, remains subject to standard regulatory approvals, including from the TSX Venture Exchange. In a parallel move to bolster its market visibility, Salazar has hired Baystreet.ca Media Corp. for a three-month investor relations and marketing mandate starting January 2026, paying $20,000 per month in cash and issuing no securities, a step that may support broader investor outreach as the company funds exploration and project development.

Salazar Resources Announces $1.43 Million Private Placement

Salazar Resources Limited has announced a non-brokered private placement financing to raise up to $1,430,000 through the issuance of 11,000,000 shares at $0.13 per share. The funds will be used for resource property costs and working capital, with certain insiders participating in the financing. This move is expected to support the company’s ongoing projects and strengthen its financial position in the resource exploration sector.