Want to see TSE:GSVR full AI Analyst Report?
Top Page
Guanajuato Silver Company
(GSVR)
Select Model
Select Model
Rating:45Neutral
Price Target:
C$0.29
▼(-41.40% Downside)
Action:Reiterated
Date:10/15/26
The score is held back primarily by continued net losses and persistently negative free cash flow despite improving revenue and gross margins. Technicals also weigh heavily, with the stock trading below all key moving averages and bearish MACD (even though it appears oversold). A healthier leverage profile supports the outlook, but the negative P/E underscores that profitability is not yet established.
Positive Factors
Revenue and gross-margin growth
Revenue growth alongside a multi-year gross-margin improvement indicates the operating platform is gaining scale and extracting more value from production. If sustained, stronger unit economics can support reinvestment and gradually narrow losses over the next several quarters.
Negative Factors
Persistent unprofitability
The company has not yet converted its larger revenue base and improved gross margin into sustainable profitability. Negative EBITDA and a deeply negative net margin can consume financial resources, constrain reinvestment, and leave equity value vulnerable if losses persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and gross-margin growth
Revenue growth alongside a multi-year gross-margin improvement indicates the operating platform is gaining scale and extracting more value from production. If sustained, stronger unit economics can support reinvestment and gradually narrow losses over the next several quarters.
Read all positive factors
Guanajuato Silver Company (GSVR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$227.70M
Dividend YieldN/A
Average Volume (3M)1.89M
Price to Earnings (P/E)―
Beta (1Y)3.66
Revenue Growth59.54%
EPS Growth-45.48%
CountryCA
Employees1,436
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)N/A
Shares Outstanding759,011,300
10 Day Avg. Volume1,093,109
30 Day Avg. Volume1,887,721
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)12.58
Price to Sales (P/S)4.34
P/FCF Ratio-113.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.75Price Target Upside50.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Guanajuato Silver Company Business Overview & Revenue Model
Company Description
Guanajuato Silver Company Ltd., a precious metals producer, engages in reactivating past producing mines in Mexico. It produces silver, gold, zinc, and lead deposits. The company was formerly known as Vangold Mining Corp. and changed its name to G...
How the Company Makes Money
Guanajuato Silver Company makes money primarily by producing and selling precious metals—mainly silver and gold—derived from ore mined from its Mexican operations. Revenue is generated when mined material is processed at company-controlled facilit...
Guanajuato Silver Company Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.71M | 78.78M | 75.59M | 66.01M | 36.88M | 4.12M |
| Gross Profit | 23.95M | 10.81M | 2.47M | -11.77M | -6.88M | -2.23M |
| EBITDA | -5.91M | -24.23M | 1.62M | -12.35M | -7.88M | ― |
| Net Income | -27.48M | -37.39M | -17.39M | -31.87M | -26.77M | -10.51M |
Balance Sheet | ||||||
| Total Assets | 170.58M | 104.63M | 71.14M | 75.02M | 85.65M | 40.25M |
| Cash, Cash Equivalents and Short-Term Investments | 19.87M | 42.72M | 2.94M | 1.95M | 8.83M | 6.46M |
| Total Debt | 7.59M | 20.11M | 15.55M | 17.37M | 20.43M | 6.87M |
| Total Liabilities | 101.05M | 77.48M | 58.30M | 64.25M | 53.14M | 16.09M |
| Stockholders Equity | 69.53M | 27.15M | 12.84M | 10.77M | 32.51M | 24.15M |
Cash Flow | ||||||
| Free Cash Flow | -9.13M | -3.00M | -6.15M | -11.34M | -18.67M | -12.03M |
| Operating Cash Flow | 3.92M | 552.00K | -2.38M | -6.13M | -15.06M | -7.00M |
| Investing Cash Flow | -51.00M | -6.06M | -5.25M | -5.70M | -11.85M | -10.95M |
| Financing Cash Flow | 61.01M | 43.98M | 12.92M | 4.91M | 27.13M | 21.27M |
Guanajuato Silver Company Technical Analysis
Negative
0.50
Price Trends
0.42
Negative
0.45
Negative
0.56
Negative
Market Momentum
-0.03
Positive
28.43
Positive
12.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSVR, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.42, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 28.43 is Positive, neither overbought nor oversold. The STOCH value of 12.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSVR.
Guanajuato Silver Company Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$21.93B | 11.47 | 19.51% | 1.79% | 37.01% | 127.34% | |
65 Neutral | C$9.82B | 20.20 | 12.27% | 0.35% | 96.21% | ― | |
64 Neutral | C$76.90M | 14.11 | 8.50% | ― | 106.11% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$109.44M | -41.33 | -3.63% | ― | ― | 24.24% | |
45 Neutral | C$227.70M | -4.05 | -59.58% | ― | 59.54% | -45.48% | |
42 Neutral | C$107.11M | -10.03 | -21.83% | ― | ― | 67.17% |
* General Sector Average
TSE:GSVR
Guanajuato Silver Company
0.30
-0.04
-10.45%
TSE:AG
First Majestic Silver
19.92
2.37
13.52%
TSE:PAAS
Pan American Silver
52.99
4.88
10.14%
TSE:EXN
Excellon Resources
0.24
-0.01
-4.71%
TSE:SVE
Silver One Resources
0.31
-0.01
-3.13%
TSE:IPT
IMPACT Silver
0.22
-0.03
-12.00%
Guanajuato Silver Company Corporate Events
Business Operations and StrategyFinancial Disclosures
Guanajuato Silver Lifts Q3 Output on Expanded Underground Development
Positive
Oct 16, 2026
Guanajuato Silver Company Ltd. reported strong Q3 2026 production growth from its Mexican underground mining operations, with consolidated output reaching 683,675 silver-equivalent ounces. The increase was led by sizable gains at the Bolanitos, El...
Business Operations and StrategyM&A Transactions
Guanajuato Silver Options Lourdes Property to Zacatecas Silver
Positive
Oct 5, 2026
Guanajuato Silver has entered into an option agreement with Zacatecas Silver Corp. under which Zacatecas can acquire a 100% interest in the Lourdes property in Guanajuato. In exchange, Guanajuato Silver will receive US$225,000 in cash, US$600,000 ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Guanajuato Silver Renews Shelf Prospectus to Preserve Financing Flexibility
Positive
Sep 25, 2026
Guanajuato Silver Company Ltd. has renewed its Canadian short form base shelf prospectus, securing regulatory approval to potentially issue up to US$65 million in a mix of equity and debt securities over the next 25 months. The new prospectus repl...
Business Operations and StrategyExecutive/Board Changes
Guanajuato Silver Names Veteran Operator Colin Bower as COO
Positive
Sep 9, 2026
Guanajuato Silver Company has appointed veteran mining executive Colin Bower as Chief Operating Officer, tasking him with overseeing its Mexican operations and advancing safety, productivity and growth. Bower brings more than 35 years of global mi...
Executive/Board Changes
Guanajuato Silver Grants Incentive Stock Options to Company Officer
Neutral
Aug 28, 2026
Guanajuato Silver Company Ltd. has granted an officer incentive stock options to purchase 150,000 common shares at an exercise price of $0.50 per share, with the options exercisable over a five-year term ending August 28, 2031. The award, structur...
Business Operations and StrategyFinancial Disclosures
Guanajuato Silver Posts Second Straight Profitable Quarter and Accelerates Debt Reduction
Positive
Aug 26, 2026
Guanajuato Silver reported its second consecutive quarter of positive net income, posting Q2 2026 revenue of $42.5 million and net income of $557,000, with $6.3 million earned in the first half of the year. Silver output rose 2% to 347,481 ounces ...
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.