Viscount Mining (VML) AI Stock Analysis

• Market Cap: C$68.52M
• Dividend Yield: N/A
• Average Volume (3M): 50.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• 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: 120,205,280
• 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: 44 Neutral
• Price Target: C$0.55 ▼(-46.83% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), reinforced by bearish technical signals (below key moving averages with negative MACD). The debt-free balance sheet and equity cushion provide some financial flexibility but do not offset the lack of profitability and cash generation.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially reduces insolvent risk for an exploration company operating through lengthy, capital-intensive cycles. Over 2–6 months this provides durable financial flexibility to pursue drilling or JV discussions without near-term interest burdens, preserving optionality for strategic transactions.

Sizable equity / asset base

A tangible equity and asset base provides a structural cushion against exploration write-offs and supports negotiating power with partners. It underpins the firm’s ability to secure earn-ins or sell/non-dilutive arrangements and makes additional financings less dilutive relative to a weaker balance sheet.

Exploration monetization model

Viscount’s business model—early-stage exploration with routes to monetize via financings, joint ventures, option deals, or royalties—is structurally suited to convert geological success into value without immediate mine production. This model supports scalable upside while allowing partners to fund later-stage capital needs.

Negative Factors

Persistent cash burn

Consistent negative operating and free cash flow creates a lasting funding requirement: the company must raise capital or farm out projects regularly. Over several months this increases dilution and execution risk, and constrains the pace and scale of exploration programs absent partner funding.

No operating revenue

The absence of operating revenue means the business cannot self-fund exploration or administrative costs, forcing reliance on external capital or asset disposals. Structurally, this raises vulnerability to tighter markets and slows the pathway from discovery to realized cash flows and sustainable operations.

Negative returns on equity

A materially negative ROE indicates the company is destroying shareholder capital rather than creating value from invested equity. Persisting losses erode the equity cushion, increase the cost of future capital, and can deter JV partners or investors needed to fund project advancement over the medium term.

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’s primary business activity is mineral exploration; specific, recurring operating revenue streams from producing mines (e.g., metal sales) are not publicly available from the information provided here, so details on revenue composition cannot be confirmed. In general, companies at this stage typically generate value (and potential cash inflows) through some combination of: (1) raising capital via equity financings to fund exploration programs; (2) monetizing exploration success by selling or optioning mineral properties to other companies; (3) entering joint ventures or earn-in agreements where a partner funds exploration/development in exchange for an interest in a project; and/or (4) any royalties or retained interests negotiated on disposition of a project. Specific partnerships, producing assets, royalty arrangements, or confirmed sources of operating revenue for Viscount Mining are not available here; therefore, any company-specific breakdown of how VML currently makes money is null.

Viscount Mining Financial Statement Overview

Summary

Financial quality is weak: no revenue, recurring operating losses, and deteriorating TTM net loss and free cash flow. A key offset is strong balance-sheet flexibility with $0 debt and meaningful equity, but ongoing cash burn and negative returns keep the score low.

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: Positive
• STOCH: Positive

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 0.75, above the 50-day MA of 0.87, and above the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 25.39 is Positive, neither overbought nor oversold. The STOCH value of 2.08 is Positive, 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$183.73M	-3.64	-195.55%	―	―	63.18%
TUO	52 Neutral	C$112.92M	7.44	-28.77%	―	―	-5655.56%
NAU	51 Neutral	C$167.04M	-14.09	-20.18%	―	―	-38.35%
DEF	51 Neutral	C$94.88M	-20.73	-4.57%	―	―	43.20%
EQTY	47 Neutral	C$71.57M	-16.53	-127.28%	―	―	-12.30%
VML	44 Neutral	C$68.52M	-112.34	-26.74%	―	―	-85.26%

Viscount Mining Corporate Events

Viscount Mining Raises $5.6 Million to Accelerate U.S. Silver and Multi-Metal Exploration

Viscount Mining Corp., a Vancouver-based mineral exploration and project generation company focused on silver, gold, and copper assets in Colorado and Nevada, is advancing its Silver Cliff and Cherry Creek projects in established U.S. mining jurisdictions. The Silver Cliff property covers a large volcanic caldera system with a near-surface silver resource at the Kate deposit and additional porphyry potential at the Passiflora target.

The company has closed an oversubscribed private placement financing totaling approximately $5.6 million, led by Centurion One Capital, through a combination of brokered and non-brokered unit offerings. Net proceeds will fund a comprehensive drill program on Viscount’s Colorado and Nevada properties and cover administrative expenses, positioning the company to expand its resource estimates and leverage a strong silver market to enhance shareholder value.

The most recent analyst rating on (TSE:VML) stock is a Sell with a C$0.65 price target. To see the full list of analyst forecasts on Viscount Mining stock, see the TSE:VML Stock Forecast page.

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.