Viscount Mining (VML) AI Stock Analysis

• Market Cap: C$89.46M
• Dividend Yield: N/A
• Average Volume (3M): 50.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: N/A
• EPS Growth: -85.26%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 113,237,220
• 10 Day Avg. Volume: 74,504
• 30 Day Avg. Volume: 50,625
• PEG Ratio: -2.64
• Price to Book (P/B): 7.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -55.11
• 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: 46 Neutral
• Price Target: C$0.77 ▼(-25.58% Downside)
• Action: Reiterated Date: 02/02/26
• Date: Action: Reiterated 02/02/26

The score is primarily constrained by weak financial performance—no revenue, persistent losses, and ongoing cash burn with worsening recent free cash flow—despite a debt-free balance sheet and equity cushion. Technicals are mixed (below short-term trend but above longer-term averages), while valuation is disadvantaged by negative earnings and no indicated dividend yield.

Positive Factors

Debt-free balance sheet

Having no reported debt materially reduces refinancing and interest-rate pressure for an exploration-stage miner. This structural strength lengthens the company runway, lets management prioritize exploration spend, and lowers mandatory cash outflows, preserving flexibility to pursue drilling or JV options without fixed debt obligations.

Equity / asset cushion

A meaningful equity and asset base provides a durable buffer to fund near-term exploration and meet liabilities. Tangible assets and equity can be used strategically (farm-outs, option agreements, or asset sales) to monetize projects, lowering near-term dilution pressure and enabling value-capture decisions over multiple funding cycles.

Flexible exploration funding model

The standard industry funding toolbox (equity raises, JV/earn-ins, asset sales, royalties) gives management multiple structural paths to advance projects without immediate production. This flexibility aligns capital intensity with exploration success, enabling the company to pursue upside while limiting permanent capital commitments when results are uncertain.

Negative Factors

No revenue & widening net loss

Absence of operating revenue and an increasing net loss reflect a structural inability to self-fund operations. Persisting at this trajectory forces continual external funding for exploration, limits reinvestment capacity, and raises execution risk for advancing projects toward defined resources or development decisions over the medium term.

Consistent negative cash flow

Repeated negative operating and free cash flow indicates structural cash burn from exploration activity. Deteriorating FCF reduces runway and increases likelihood of dilutive financings or asset disposals to cover costs, constraining strategic optionality and potentially delaying or reducing the scale of future drill programs or property advancement.

Elevated funding risk

Reliance on the balance sheet and external capital is an enduring vulnerability for a pre-revenue explorer. If market conditions or equity appetite tighten, the company may face delayed programs, forced asset sales, or steep dilution. This structural funding risk directly affects the pace and probability of translating exploration into value.

Viscount Mining Business Overview & Revenue Model

Company Description

Viscount Mining Corp. engages in the acquisition, evaluation, and exploration of mineral properties in the United States. It primarily explores for gold, silver, and base metal deposits. The company's flagship property is the 100% owned Silver Cliff project that consists of 96 lode claims covering an area of approximately 2,297 acres located in Colorado. Viscount Mining Corp. is headquartered in North Vancouver, Canada.

How the Company Makes Money

Viscount Mining makes money through the exploration and potential development of mineral properties, primarily focusing on silver and gold. The company's revenue model is centered around identifying and acquiring promising mineral properties and conducting exploration activities to assess their potential value. Key revenue streams include the sale or joint venture of developed properties to larger mining companies, as well as any direct mining operations if viable deposits are confirmed. Significant partnerships with other mining companies and investment firms may contribute to its earnings by providing necessary capital for exploration efforts and potential project development. However, as an exploration company, its revenue generation may be limited until commercially viable deposits are confirmed and developed.

Viscount Mining Financial Statement Overview

Summary

Overall financial quality is weak: no reported revenue, ongoing operating losses, and a widening net loss in TTM (about -$2.6M vs. -$1.6M most recent annual). Cash flow is consistently negative with deteriorating TTM free cash flow (~-27% vs. latest annual), increasing funding risk. The key offset is balance-sheet flexibility with $0 debt and meaningful equity (~$9.6M TTM), though ROE remains strongly negative (~-27%).

Income Statement

Results remain highly challenged with no reported revenue across the historical periods, and the company continues to post sizable operating losses. Net loss widened in TTM (Trailing-Twelve-Months) versus the most recent annual period (about -$2.6M vs. -$1.6M), suggesting higher spending or weaker cost control. A modest positive is that losses have not been consistently accelerating every year, but profitability is still structurally negative without a revenue base.

Balance Sheet

The balance sheet is a relative bright spot: total debt is reported at $0 across all periods, and equity remains sizable (about $9.6M in TTM (Trailing-Twelve-Months)) supporting the asset base (about $10.0M). However, returns on shareholder capital are meaningfully negative (TTM return on equity roughly -27%), reflecting ongoing losses and implying continued reliance on the balance sheet to fund operations over time.

Cash Flow

Cash generation is weak with negative operating cash flow and negative free cash flow in every period provided. In TTM (Trailing-Twelve-Months), operating cash flow is about -$1.1M and free cash flow is also about -$1.1M, indicating the business is consuming cash rather than self-funding. Free cash flow has also deteriorated versus the latest annual period (TTM down ~27%), which increases funding risk if conditions persist.

Breakdown	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.59M	-1.09M	104.94K	-1.42M	-1.73M
Net Income	-1.59M	-1.11M	-1.70M	-1.43M	-1.73M
Balance Sheet
Total Assets	10.12M	8.84M	6.45M	7.55M	7.77M
Cash, Cash Equivalents and Short-Term Investments	1.67M	2.18M	49.57K	1.25M	2.57M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	416.42K	599.39K	785.31K	218.16K	79.64K
Stockholders Equity	9.70M	8.24M	5.66M	7.33M	7.69M
Cash Flow
Free Cash Flow	-1.31M	-1.17M	-1.18M	-2.75M	-2.79M
Operating Cash Flow	-1.31M	-1.17M	-1.18M	-1.29M	-1.52M
Investing Cash Flow	-1.77M	-325.38K	-18.91K	-1.09M	-1.27M
Financing Cash Flow	2.56M	3.63M	0.00	1.06M	1.09M

Viscount Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VML, the sentiment is Negative. The current price of 1.04 is above the 20-day moving average (MA) of 0.84, above the 50-day MA of 0.90, and above the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.64 is Neutral, neither overbought nor oversold. The STOCH value of 49.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VML.

Viscount Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SCOT	54 Neutral	C$238.16M	-10.95	―	―	―	63.18%
TUO	52 Neutral	C$143.39M	-48.00	-22.72%	―	―	-5655.56%
NAU	51 Neutral	C$191.91M	-28.34	-20.26%	―	―	-38.35%
DEF	51 Neutral	C$123.49M	-42.95	-4.10%	―	―	43.20%
EQTY	47 Neutral	C$106.75M	-17.74	-161.19%	―	―	-12.30%
VML	46 Neutral	C$89.46M	-54.11	―	―	―	-85.26%

Viscount Mining Corporate Events

Viscount Mining launches up to $10 million financing to fund U.S. exploration push

Viscount Mining has arranged a brokered private placement led by Centurion One Capital to raise up to $5 million through the sale of 6.25 million units at $0.80 each, with each unit comprising one common share and half a warrant exercisable at $1.20 for three years. The company has also granted an agent’s option to double the size of the financing, with proceeds earmarked for capital expenditures, exploration programs and general working capital, and expects closing around February 27, 2026, subject to regulatory approvals and potential insider participation under minority protection rules.

The offering will be conducted under the listed issuer financing exemption in key Canadian provinces, as well as in the U.S. under applicable securities exemptions and select international jurisdictions, with securities issued under the Canadian exemption free of statutory hold periods. This financing structure is designed to bolster Viscount’s capacity to advance its U.S. silver, gold and copper projects, potentially strengthening its exploration pipeline and operational flexibility while managing related-party participation within established regulatory thresholds.

The most recent analyst rating on (TSE:VML) stock is a Sell with a C$0.84 price target. To see the full list of analyst forecasts on Viscount Mining stock, see the TSE:VML Stock Forecast page.

Viscount Mining Addresses Irregular Trading and Reaffirms Exploration Plans at Silver Cliff

Viscount Mining moved to calm investors after irregular trading in its shares on December 19, stating there have been no material changes to its business, assets or planned operations and noting that its CEO has asked the Canadian Investment Regulatory Organization to review the activity. Operationally, the company reiterated progress at its Silver Cliff project, outlining a near-term drill program at the Kate deposit aimed at expanding and upgrading the existing silver resource, and detailing plans for a deep, 1,500-metre angled hole at the Passiflora target in 2026 to test the core of a copper-gold porphyry system, underscoring its focus on disciplined exploration, resource growth and regulatory transparency to support long-term shareholder value.