Southern Silver Exploration Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 4.0M | 378,317 | 268,470 | 274,204 | 1.6M |
| General And Administrative Expense | 4.0M | 378,317 | 268,470 | 274,204 | 1.6M |
| Other Operating Expenses | 957,792 | 622,765 | 685,609 | 1.3M | 464,881 |
| Operating Expense | 5.0M | 1.0M | 987,138 | 1.6M | 2.1M |
| Operating Income | -5.0M | -1.0M | -987,138 | -1.6M | -2.1M |
| EBIT | -5.0M | -1.0M | -987,138 | -1.6M | -2.1M |
| Other Income Expense | 47,600 | 9,022 | -29,413 | 18,369 | -195,372 |
| Other Non Operating Income Expenses | 57,280 | 15,032 | 8,230 | 12,584 | 14,989 |
| Special Income Charges | 0.00 | -- | -20,217 | 0.00 | -203,113 |
| Gain On Sale Of Security | -9,680 | -6,010 | -17,426 | 5,785 | -7,248 |
| Pretax Income | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Net Income From Continuing Operation Net Minority Interest | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Net Income Including Noncontrolling Interests | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Net Income Common Stockholders | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Net Income | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| EBITDA | -5.0M | -1.0M | -987,138 | -1.6M | -2.1M |
| Normalized EBITDA | -5.0M | -1.0M | -949,495 | -1.6M | -1.9M |
| Basic EPS | -0.01 | 0.00 | -- | 0.00 | -0.01 |
| Diluted EPS | -0.01 | 0.00 | -- | 0.00 | -0.01 |
| Basic Average Shares | 386.2M | 332.1M | -- | 309.4M | 307.8M |
| Diluted Average Shares | 386.2M | 332.1M | -- | 309.4M | 307.8M |
| Total Unusual Items | -9,680 | -6,010 | -37,643 | 5,785 | -210,361 |
| Total Unusual Items Excluding Goodwill | -9,680 | -6,010 | -37,643 | 5,785 | -210,361 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -5.0M | -1.0M | -978,908 | -1.5M | -2.1M |
| Diluted NI Availto Com Stockholders | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Gain On Sale Of Business | 0.00 | -- | 0.00 | 0.00 | -9,738 |
| Impairment Of Capital Assets | 0.00 | -- | 0.00 | 0.00 | 193,375 |
| Net Income Continuous Operations | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Other Gand A | 314,360 | 378,317 | 268,470 | 255,627 | 312,212 |
| Other Taxes | 28,944 | 17,245 | 33,059 | 15,212 | 15,189 |
| Salaries And Wages | 3.7M | -- | 0.00 | 18,577 | 1.3M |
| Total Expenses | 5.0M | 1.0M | 987,138 | 1.6M | 2.1M |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 14.0M | 16.4M | 3.5M | 1.0M | 2.6M |
| Cash Cash Equivalents And Short Term Investments | 14.0M | 16.4M | 3.5M | 1.0M | 2.6M |
| Receivables | 28,613 | 44,276 | 76,808 | 83,094 | 24,053 |
| Prepaid Assets | 229,729 | 161,406 | 171,328 | 145,531 | 64,340 |
| Current Assets | 14.3M | 16.6M | 3.7M | 1.2M | 2.7M |
| Net PPE | 36.2M | 34.7M | 34.6M | 34.5M | 34.5M |
| Other Non Current Assets | 139,784 | 138,085 | 137,334 | 155,072 | 148,518 |
| Total Non Current Assets | 36.4M | 34.8M | 34.7M | 34.7M | 34.7M |
| Total Assets | 50.7M | 51.4M | 38.4M | 35.9M | 37.3M |
| Accounts Payable | 625,987 | 499,253 | 357,676 | 369,516 | 343,878 |
| Payables | 686,064 | 574,288 | 411,664 | 417,864 | 407,064 |
| Payables And Accrued Expenses | 686,064 | 574,288 | 411,664 | 417,864 | 407,064 |
| Current Liabilities | 686,064 | 574,288 | 411,664 | 417,864 | 407,064 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 686,064 | 574,288 | 411,664 | 417,864 | 407,064 |
| Common Stock | 103.9M | 103.2M | 89.7M | 86.2M | 86.1M |
| Capital Stock | 103.9M | 103.2M | 89.7M | 86.2M | 86.1M |
| Retained Earnings | -61.2M | -59.7M | -58.7M | -57.7M | -56.7M |
| Gains Losses Not Affecting Retained Earnings | 9,270 | 9,270 | 9,270 | 9,270 | 9,270 |
| Other Equity Adjustments | 9,270 | 9,270 | 9,270 | 9,270 | 9,270 |
| Common Stock Equity | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Stockholders Equity | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Total Equity Gross Minority Interest | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Total Capitalization | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Net Tangible Assets | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Tangible Book Value | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Working Capital | 13.6M | 16.0M | 3.3M | 830,557 | 2.3M |
| Invested Capital | 50.0M | 50.8M | 38.0M | 35.5M | 36.9M |
| Share Issued | 387.4M | 385.9M | 330.3M | 309.4M | 309.0M |
| Ordinary Shares Number | 387.4M | 385.9M | 330.3M | 309.4M | 309.0M |
| Dueto Related Parties Current | 60,077 | 75,035 | 53,988 | 48,348 | 63,186 |
| Other Equity Interest | 7.2M | 7.3M | 7.0M | 7.1M | 7.5M |
| Other Receivables | 28,613 | 44,276 | -- | 83,094 | 24,053 |
| Taxes Receivable | -- | -- | 76,808 | -- | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.2M | -827,318 | -1.0M | -1.7M | -750,582 |
| Cash Flow From Continuing Operating Activities | -1.2M | -827,318 | -1.0M | -1.7M | -750,582 |
| Stock Based Compensation | -- | -- | 0.00 | 18,577 | -- |
| Change In Working Capital | 59,116 | 149,940 | -25,711 | -129,432 | 35,532 |
| Change In Receivables | 15,663 | -22,606 | 6,286 | -59,041 | -1,977 |
| Change In Payables And Accrued Expense | 111,776 | 162,624 | -6,200 | 10,800 | -16,249 |
| Change In Payable | 111,776 | 162,624 | -6,200 | 10,800 | -16,249 |
| Other Non Cash Items | 0.00 | 33,323 | -- | -- | -- |
| Capital Expenditure | -1.6M | -82,134 | -35,543 | -- | -145,266 |
| Purchase Of PPE | -1.6M | -82,134 | -35,543 | 0.00 | -145,266 |
| Net PPE Purchase And Sale | -1.6M | -82,134 | -35,543 | 0.00 | -145,266 |
| Investing Cash Flow | -1.6M | -82,134 | -25,894 | 0.00 | -145,266 |
| Cash Flow From Continuing Investing Activities | -1.6M | -82,134 | -25,894 | 0.00 | -145,266 |
| Issuance Of Capital Stock | 470,290 | 15.0M | 3.7M | 56,000 | 1.8M |
| Net Common Stock Issuance | 470,290 | 15.0M | 3.7M | 56,000 | 1.8M |
| Financing Cash Flow | 447,744 | 13.8M | 3.5M | 102,446 | 514,595 |
| Cash Flow From Continuing Financing Activities | 447,744 | 13.8M | 3.5M | 102,446 | 514,595 |
| Effect Of Exchange Rate Changes | -7,066 | 525.00 | -695.00 | 457.00 | 236.00 |
| Changes In Cash | -2.3M | 12.9M | 2.4M | -1.6M | -381,253 |
| Beginning Cash Position | 16.4M | 3.5M | 1.0M | 2.6M | 3.0M |
| End Cash Position | 14.0M | 16.4M | 3.5M | 1.0M | 2.6M |
| Free Cash Flow | -2.8M | -909,452 | -1.1M | -1.7M | -895,848 |
| Asset Impairment Charge | -- | -- | 0.00 | 0.00 | -- |
| Change In Account Payable | 126,734 | 141,577 | -11,840 | 25,638 | -7,930 |
| Change In Prepaid Assets | -68,323 | 9,922 | -25,797 | -81,191 | 53,758 |
| Common Stock Issuance | 470,290 | 15.0M | 3.7M | 56,000 | 1.8M |
| Gain Loss On Sale Of Business | -- | -- | 0.00 | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 5,367 | -1,276 | 8,784 | -7,011 | -1,573 |
| Net Income From Continuing Operations | -5.0M | -1.0M | -1.0M | -1.5M | -2.3M |
| Net Other Financing Charges | -22,546 | -1.2M | -204,930 | 46,446 | -1.3M |
| Operating Gains Losses | 5,367 | -1,276 | 8,784 | -7,011 | 8,165 |