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Bunker Hill Mining
(TSX:BNKR)
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Rating:45Neutral
Price Target:
C$4.50
▼(-10.54% Downside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by very weak financial performance (no revenue, widening losses, persistent cash burn, and negative equity with rising debt), which materially elevates financing and execution risk. Technicals are mixed with the price below key longer-term moving averages, offering limited support. Valuation metrics are not meaningful due to losses and no dividend yield data, adding uncertainty rather than upside support.
Positive Factors
Expanded U.S. Silver Pipeline
Acquiring Silver47 could broaden Bunker Hill’s asset base beyond its Idaho mine and create a larger U.S. silver development pipeline, supporting longer-term growth diversification if integration and project advancement are successful.
Negative Factors
No Commercial Revenue
The absence of recurring mineral sales means the business has not yet demonstrated commercial operating economics. Until production is sustained, funding, permitting and restart execution remain prerequisites for any durable revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanded U.S. Silver Pipeline
Acquiring Silver47 could broaden Bunker Hill’s asset base beyond its Idaho mine and create a larger U.S. silver development pipeline, supporting longer-term growth diversification if integration and project advancement are successful.
Read all positive factors
Bunker Hill Mining (BNKR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$226.60M
Dividend YieldN/A
Average Volume (3M)70.09K
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue GrowthN/A
EPS Growth-166.50%
CountryCA
Employees40
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding47,207,590
10 Day Avg. Volume95,736
30 Day Avg. Volume70,092
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.00
P/FCF Ratio>-0.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.00Price Target Upside158.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bunker Hill Mining Business Overview & Revenue Model
Company Description
Bunker Hill Mining Corp. is an exploration-stage company focused on the exploration, acquisition, and development of mining and mineral properties. The company aims to develop the Bunker Hill Mine as part of a portfolio of North American precious-...
How the Company Makes Money
Bunker Hill Mining’s business model is to generate revenue by operating its mine and selling mineral concentrates produced from mined ore. The primary revenue stream (once in production) is expected to come from the sale of zinc and lead concentra...
Bunker Hill Mining Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 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 | -85.21M | -18.40M | -3.53M | 5.79M | -6.00M |
| Net Income | -93.13M | -25.34M | -13.43M | 898.59K | -6.40M |
Balance Sheet | |||||
| Total Assets | 150.96M | 97.60M | 61.99M | 32.93M | 4.07M |
| Cash, Cash Equivalents and Short-Term Investments | 19.44M | 3.79M | 20.10M | 708.11K | 555.00K |
| Total Debt | 111.05M | 117.67M | 70.27M | 36.07M | 2.56M |
| Total Liabilities | 207.03M | 149.74M | 88.36M | 59.11M | 38.31M |
| Stockholders Equity | -56.07M | -52.14M | -26.37M | -26.18M | -34.24M |
Cash Flow | |||||
| Free Cash Flow | -58.80M | -51.06M | -23.73M | -33.33M | -11.47M |
| Operating Cash Flow | -17.66M | -10.42M | -12.33M | -22.50M | -11.37M |
| Investing Cash Flow | -41.14M | -40.64M | -11.40M | -11.17M | -94.69K |
| Financing Cash Flow | 72.96M | 32.74M | 43.12M | 40.37M | 8.38M |
Bunker Hill Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$108.35M | 18.40 | 8.50% | ― | 106.11% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$196.15M | -18.25 | -20.58% | ― | ― | 67.17% | |
48 Neutral | C$443.88M | -15.47 | -42.64% | ― | ― | -42.53% | |
48 Neutral | C$167.69M | -62.67 | -3.63% | ― | ― | 24.24% | |
46 Neutral | C$356.74M | -6.16 | -59.58% | ― | 59.54% | -45.48% | |
45 Neutral | C$226.60M | ― | ― | ― | ― | -166.50% |
* Basic Materials Sector Average
TSE:BNKR
Bunker Hill Mining
4.75
-1.55
-24.60%
TSE:EXN
Excellon Resources
0.45
0.16
55.17%
TSE:SVRS
Silver Storm Mining
0.50
0.27
120.00%
TSE:GSVR
Guanajuato Silver Company
0.45
0.05
13.92%
TSE:SVE
Silver One Resources
0.47
0.04
10.59%
TSE:IPT
IMPACT Silver
0.30
-0.02
-4.76%
Bunker Hill Mining Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Bunker Hill to Merge with Silver47, Building a U.S. Silver and Critical Minerals Player
Positive
Aug 21, 2026
Bunker Hill Mining and Silver47 Exploration have agreed to merge in an all-share transaction that will see Bunker Hill acquire all Silver47 shares, with Silver47 investors receiving 0.1724 Bunker Hill shares for each share held and owning about 43...
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.