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Salazar Resources (SRL) AI Stock Analysis

TSE:SRL

Salazar Resources

(TSXV:SRL)

Select Model
Rating:48Neutral
Price Target:CAD 0.28â–¼(-1.07% Downside)
Action:reiterated
Date:09/15/26

The overall score is constrained by very weak underlying financial performance, characterized by zero revenue, ongoing losses, and sustained cash burn despite an improving earnings trend and conservative balance sheet, while a constructive but not strong technical setup and speculative valuation with negative earnings provide only moderate support.

Positive Factors
Balance Sheet ResilienceA sizable equity base and modest leverage provide financial resilience while the company remains loss-making. The relatively low debt burden reduces near-term balance-sheet pressure and preserves some flexibility to support operations or future development.
Negative Factors
No Revenue BaseZero reported revenue means the company has not yet demonstrated a commercial operating base or recurring customer monetization. This limits internal funding capacity and leaves future progress dependent on developing revenue-generating activities rather than scaling an established business.

Salazar Resources (SRL) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%TSE:SRL+93.10%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 74.22M
Dividend Yield
―
Average Volume (3M)
108.96K
Price to Earnings (P/E)
-41.8
Beta (1Y)
1.51
Revenue Growth
―
EPS Growth
67.00%
Country
Canada
Employees
225
Sector
General
Sector Strength
55
Industry
Other Precious Metals

Salazar Resources Business Overview & Revenue Model

Company Description

Salazar Resources Limited functions as a junior company dedicated to mineral exploration, primarily involved in identifying, acquiring, and developing mineral properties throughout Latin America. The firm specializes in prospecting for various valuab...

How the Company Makes Money

null

Salazar Resources Financial Statement Overview

Summary

Financial performance is weak, with no revenue, persistent but narrowing losses, and structurally negative cash flows, partly offset by a low-leverage, equity-funded balance sheet.

Income Statement

28Negative

Balance Sheet

68Positive

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Mar 2023Mar 2022
Income Statement
Total Revenue000000
Gross Profit-76.37K-83.19K-103.11K-179.07K-211.71K-150.82K
EBITDA-2.55M-2.33M-4.39M-2.90M-3.29M2.92M
Net Income-1.75M-2.13M-4.64M-5.68M-3.90M2.73M
Balance Sheet
Total Assets25.63M25.42M22.38M23.83M29.27M29.18M
Cash, Cash Equivalents and Short-Term Investments518.69K1.99M636.65K609.30K2.17M3.72M
Total Debt1.73M00000
Total Liabilities2.10M2.08M270.42K459.26K619.62K401.92K
Stockholders Equity23.53M23.34M22.11M23.37M28.66M28.78M
Cash Flow
Free Cash Flow-989.00K-1.61M-2.11M-1.69M-2.27M-5.05M
Operating Cash Flow-983.85K-1.54M-1.34M-495.47K225.95K-1.56M
Investing Cash Flow-1.07M-331.93K-764.40K-1.36M-4.50M-3.18M
Financing Cash Flow1.82M3.14M2.19M408.52K2.62M6.74M

Salazar Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.28

Price Trends

50DMA0.36Negative
100DMA0.32Negative
200DMA0.27Positive

Market Momentum

MACD-0.02Positive
RSI36.09Neutral
STOCH11.11Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRL, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.36, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 36.09 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SRL.

Salazar Resources Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:SRL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:TKTSE:TK60NeutralCAD 48.25M-26.86-2.57%――6.94%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:CNRITSE:CNRI50NeutralCAD 27.44M-32.84-1.60%――63.10%
TSE:SRLTSE:SRL48NeutralCAD 74.22M-41.79-7.59%――67.00%
TSE:GMATSE:GMA45NeutralCAD 36.77M75.865.99%―――
TSE:RTGTSE:RTG42NeutralCAD 47.79M-6.90-49.66%――11.90%
TSE:AANTSE:AAN40UnderperformCAD 44.57M-3.2255.96%――-11.41%

* General Sector Average

Performance Comparison

0%100%TSE:SRLTSE:AANTSE:GMATSE:RTGTSE:TKTSE:CNRIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SRL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SRLSalazar Resources0.280.1383.01%
TSE:AANAton Resources0.330.0517.86%
TSE:GMAGeomega Resources0.22-0.10-31.25%
TSE:RTGRtg Mining, Inc.0.03-0.00-16.67%
TSE:TKTinka Resources0.36-0.16-30.77%
TSE:CNRICanadian North Resources, Inc.0.24-0.28-53.85%

Salazar Resources Corporate Events

Business Operations and Strategy

Salazar Resources Advances Ecuador Projects Amid Weather Delays and IR Push

Neutral
Oct 27, 2026

Construction at the Curipamba-El Domo project in Ecuador, where Salazar Resources holds a 25% carried interest, has been hampered by unusually heavy El Niño-induced rainfall, forcing repeated repairs and slowing pre-stripping, but key milestones...

Business Operations and StrategyPrivate Placements and Financing

Salazar Resources Launches Funded Drilling Program at Tarqui and Monja in Ecuador

Positive
Oct 19, 2026

Salazar Resources has outlined a two-phase exploration program in Ecuador funded by a recently closed $3.5 million private placement, underscoring its intention to accelerate drilling on key gold-silver and copper-gold targets. The plan focuses on it...

Business Operations and StrategyPrivate Placements and Financing

Salazar Resources Raises $3.5 Million in Private Placement to Fund Ecuador Projects

Positive
Oct 8, 2026

Salazar Resources has closed a non-brokered private placement, issuing 10,000,000 units at $0.35 each to raise gross proceeds of $3.5 million. Each unit comprises one common share and half a warrant, with full warrants exercisable at $0.60 for two ye...

Business Operations and StrategyPrivate Placements and Financing

Salazar Resources Launches $3.5 Million Private Placement to Fund Ecuador Exploration

Positive
Sep 17, 2026

Salazar Resources Limited has arranged a non-brokered private placement of up to 10 million units at $0.35 per unit, targeting gross proceeds of up to $3.5 million. Each unit comprises one common share and one-half of a warrant, with each whole warra...

Business Operations and Strategy

Salazar Uncovers High-Grade Tungsten-Silver Zone at Ecuador’s Pijilí Project

Positive
Aug 26, 2026

Salazar Resources has identified a previously unrecognized high-grade tungsten-silver interval within historical drill hole MERC-011 at its 100%-owned Pijilí Project in central Ecuador. The reassessed two-metre section in the Mercy concession gr...

Business Operations and StrategyRegulatory Filings and Compliance

Salazar Files NI 43-101 Report Backing Updated Reserves at El Domo

Positive
Aug 13, 2026

Salazar Resources has filed an independent NI 43-101 Technical Report for the Curipamba–El Domo polymetallic project in Ecuador, prepared by SRK Consulting for project operator Silvercorp Metals Inc. The report, effective December 31, 2025 and...

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.

Date of analysis: Sep 15, 2026