Want to see TSE:SF full AI Analyst Report?
Trigon Metals Inc (SF) AI Stock Analysis
Trigon Metals Inc
(TSXV:SF)
Weak financials with no revenue and cash burn dominate as primary risk, partially offset by strong undervaluation and mild technical uptrend signals; high-risk profile for copper explorer.
Trigon Metals Inc (SF) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 19.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 26.31K
- Price to Earnings (P/E)
- 0.6
- Beta (1Y)
- 0.56
- Revenue Growth
- -100.00%
- EPS Growth
- ―
- Country
- Canada
- Employees
- 535
- Sector
- General
- Sector Strength
- 55
- Industry
- Silver
Trigon Metals Inc Business Overview & Revenue Model
Company Description
Safi Silver Corp. engages in the provision of acquisition, maintenance, exploration, and development of mineral properties in Namibia. Its projects include Kombat Mine, Gross Otavi, and Silver Hill Copper. The company was founded on December 11, 1997...
How the Company Makes Money
Trigon Metals makes money primarily by producing and selling mineral products from its mining operations, chiefly copper-bearing material (and, where applicable, associated silver) derived from the Kombat Mine. Revenue is generated when mined ore is...
Trigon Metals Inc Earnings Call Summary
The earnings call highlighted significant operational achievements and strategic shifts with the potential sale of the Kombat Mine to focus on other projects. However, financial challenges and market misunderstandings about the asset sale terms tempered these positives.
Q2-2025 Updates
Positive Updates
Negative Updates
Company Guidance
In the Q2 2025 earnings call for Trigon Metals (TM.V), the company provided guidance on several key metrics. They reported processing 77,300 tonnes with a copper recovery rate of 92.1%, achieving an average of 980 tonnes per day from their underground operation, a milestone achieved 13 months ahead of schedule. Despite this progress, they faced challenges including lower grades and pump failures, resulting in a production of 2.14 million pounds of copper at a C1 cash cost of $3.46 per pound. The financial results reflected a negative adjusted EBITDA of $1.4 million and a net loss of $6.2 million, or $0.16 per share. Moving forward, Trigon plans to expand mill capacity to 60,000 tonnes per month to double throughput and reduce costs, with the aim to enhance profitability. Additionally, they announced a strategic decision to sell the Kombat Mine, which is expected to bring in USD 30 million to USD 50 million, with proceeds potentially used for development projects in Morocco and the Kalahari.
Trigon Metals Inc Financial Statement Overview
Summary
Income statement score 45 reflects zero revenue, operating losses, and volatility despite net income gain; balance sheet 55 shows equity recovery but instability; cash flow 35 indicates chronic negative flows and cash burn, signaling high risk for early-stage explorer.
Income Statement
45NeutralBalance Sheet
55NeutralCash Flow
35Negative| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 9.59M | 949.19K | 0 | 0 |
| Gross Profit | -225 | 0 | -1.15M | -454.19K | -194.28K | -14.59K |
| EBITDA | -5.80M | -4.07M | 1.86M | -13.19M | -6.54M | -6.35M |
| Net Income | 29.28M | -7.54M | -1.05M | -16.47M | -6.48M | -5.05M |
Balance Sheet | ||||||
| Total Assets | 24.83M | 35.76M | 38.05M | 35.67M | 18.15M | 3.02M |
| Cash, Cash Equivalents and Short-Term Investments | 1.03M | 1.04M | 1.42M | 20.73M | 319.87K | 2.65M |
| Total Debt | 5.09M | 1.38M | 5.13M | 194.18K | 3.29M | 0 |
| Total Liabilities | 9.66M | 41.91M | 42.13M | 42.58M | 9.27M | 1.82M |
| Stockholders Equity | 15.18M | -729.26K | 62.07K | -4.26M | 9.78M | 1.59M |
Cash Flow | ||||||
| Free Cash Flow | -3.98M | 84.77K | -22.34M | -13.59M | -16.43M | -3.10M |
| Operating Cash Flow | -11.72K | 84.77K | -4.08M | -8.45M | -2.60M | -2.28M |
| Investing Cash Flow | 0 | -3.19M | -18.26M | -5.14M | -13.82M | -783.92K |
| Financing Cash Flow | 2.91M | 2.73M | 3.02M | 34.00M | 14.07M | 4.08M |
Trigon Metals Inc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SF, the sentiment is Positive. The current price of 0.35 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.34, and below the 200-day MA of 0.39, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 50.78 is Neutral, neither overbought nor oversold. The STOCH value of 29.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SF.
Trigon Metals Inc Peers Comparison
Overall Rating
- TSE:SF58Neutral
TSE:BCU47Neutral
TSE:WCU46Neutral
TSE:WEC45Neutral
TSE:USCU39Underperform
TSE:CPER37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:SF | 58Neutral | CAD 19.00M | 0.55 | 3630.13% | ― | -100.00% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:BCU | 47Neutral | CAD 9.56M | -10.00 | -10.40% | ― | ― | -105.88% |
| TSE:WCU | 46Neutral | CAD 1.46M | -0.10 | -278.30% | ― | ― | 38.53% |
| TSE:WEC | 45Neutral | CAD 1.69M | 1.16 | 30.97% | ― | ― | ― |
| TSE:USCU | 39Underperform | CAD 13.31M | -9.44 | -103.21% | ― | ― | -7.89% |
| TSE:CPER | 37Underperform | CAD 3.57M | -0.84 | -187.76% | ― | ― | -3.49% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:SF | Trigon Metals Inc | 0.34 | 0.12 | 54.55% | |
| TSE:WEC | Three Valley Copper Corp | 0.01 | 0.00 | 0.00% | |
| TSE:USCU | US Copper Corp | 0.09 | -0.02 | -19.05% | |
| TSE:BCU | Bell Copper Corporation | 0.07 | 0.01 | 16.67% | |
| TSE:WCU | World Copper Ltd | 0.11 | -0.79 | -87.78% | |
| TSE:CPER | CopperCorp Resources, Inc. | 0.03 | -0.06 | -66.67% |
Trigon Metals Inc Corporate Events
Trigon Metals Rebrands as Safi Silver in Structure-Simplifying Amalgamation
PositiveSafi Silver Corp., formerly Trigon Metals Inc., has completed a short-form vertical amalgamation with its wholly owned subsidiary Safi Silver Corp. and adopted the subsidiary’s name, with its new TSX Venture Exchange ticker changing to “S...
Trigon Metals Secures First Kombat Sale Payment to Fund Moroccan Silver Push
PositiveTrigon Metals has received the first US$3 million quarterly payment from the sale of its interest in Namibia’s Kombat Mine to Kamino Minerals and Horizon Corporation, ahead of the April 4, 2026 due date. The transaction provides eight scheduled...
Trigon Metals Rebrands as Safi Silver to Highlight Moroccan Silver Focus
PositiveTrigon Metals shareholders have approved a corporate name change to Safi Silver Corp., underscoring the company’s strategic pivot toward polymetallic silver exploration in Morocco following the divestiture of its Kombat Mine interests in Namibi...
Trigon Metals Launches Inaugural Drilling at Moroccan Addana Silver Project
PositiveTrigon Metals has mobilized its first exploration drilling campaign at the Addana Project in southern Morocco, launching a 12-hole diamond drilling program totaling up to 2,100 metres split between Antenna Hill and Addana Southwest. The program, exec...
Trigon Metals Rebrands as Safi Silver and Refocuses on Moroccan Exploration
PositiveTrigon Metals plans to seek shareholder approval at its March 5, 2026 annual general and special meeting to change its name to Safi Silver Corp., underscoring its strategic shift from copper to silver and its new concentration on polymetallic silver...
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.
Date of analysis: Mar 10, 2026