First Andes Silver Ltd. (FAS) Financings
TSXV: FAS · Silver · Exploration stage
- Market cap$6.1M
- Share price$0.070
- 52-week range$0.060 – $0.280
- Shares outstanding86,515,703
- ExchangeTSXV
- Websitefirstandes.com
First Andes Silver Ltd. is a discovery-focused resource company advancing the 100%-owned Santas Gloria Project, a high-grade silver asset located 55 km east of Lima, Peru in one of the country's most prolific mining districts. The project lies within a well-endowed intermediate-sulphidation epithermal belt and demonstrates district-scale potential with more than 12 km of mapped vein strike. Using advanced WorldView-3 spectral analysis and systematic geochemical surveys, the Company has delineated multiple kilometre-scale silver-in-soil anomalies across a large hydrothermal system that remained historically undrilled prior to 2024. Following successful 2024-2025 drilling that intersected strong near-surface silver mineralization in 21 of 26 holes, First Andes is accelerating exploration in 2026 to expand the high-grade footprint at Santas Gloria. In addition to Santas Gloria, the Company holds a portfolio of prospective silver exploration projects in New South Wales, Australia.
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First Andes Silver Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 28, 2016 to Jul 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Feb 2026 | Feb 2025 | Feb 2024 | Feb 2024 | Feb 2023 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,911,223 | C$929,216 | C$10,575 | C$10,575 | C$338,729 |
| Total current assets | C$5,196,710 | C$3,611,626 | C$2,868,589 | C$2,868,589 | C$8,681,827 |
| Total current liabilities | — | — | — | C$985,822 | C$437,684 |
| Working capital | — | — | — | C$1,882,767 | C$8,244,143 |
| Exploration and evaluation assets | C$5,155,419 | C$3,611,626 | C$2,868,589 | C$2,868,589 | C$8,573,272 |
| Property, plant and equipment | C$5,084 | — | — | C$0 | C$108,555 |
| Total assets | C$7,154,841 | C$4,561,370 | C$2,906,135 | C$2,906,135 | C$9,128,678 |
| Debt | — | C$0 | C$191,917 | C$191,917 | — |
| Total liabilities | C$645,365 | C$880,379 | C$985,822 | C$985,822 | C$830,684 |
| Shareholders' equity | C$6,509,476 | C$3,680,991 | C$1,920,313 | C$1,920,313 | C$7,084,633 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2024 | FY Feb 2023 | |
|---|---|---|---|---|---|
| General and administrative | C$119,694 | C$61,100 | C$135,867 | C$135,867 | C$333,505 |
| Share-based compensation | C$488,893 | C$117,106 | C$0 | C$0 | C$133,641 |
| Impairments and write-downs | C$25,368 | C$0 | (C$326,224) | (C$326,224) | (C$1,830,109) |
| Net income (loss) | (C$1,028,323) | (C$482,135) | (C$5,680,914) | (C$5,680,914) | (C$3,095,660) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2024 | FY Feb 2023 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$829,414) | (C$363,879) | (C$305,766) | (C$351,074) | — |
| Investing cash flow | (C$1,338,994) | (C$651,270) | (C$163,262) | (C$327,672) | — |
| Financing cash flow | C$3,150,415 | C$1,933,790 | C$350,592 | C$350,592 | — |
| Exploration spending (capitalized) | (C$1,297,703) | (C$651,270) | (C$327,559) | (C$327,559) | — |
| Property, plant and equipment spending | (C$5,084) | — | — | C$0 | — |
| Proceeds from share issues | C$3,065,415 | C$2,125,707 | C$343,092 | C$343,092 | — |
| Change in cash | C$982,007 | C$918,641 | (C$328,154) | (C$328,154) | (C$4,240,793) |
| Cash at end of period | C$1,911,223 | C$929,216 | C$10,575 | C$10,575 | C$338,729 |
First Andes Silver Ltd. financings
2 financings announced or closed by First Andes Silver Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-21 | First Andes Silver Ltd. (FAS) | LIFE offering | Closed, 1 tranche | $2.0M | $0.120 | First Andes Silver Announces $2 Million Private Placement Financing |
| 2025-07-04 | First Andes Silver Ltd. (FAS) | Private placement, non-brokered | Closed, 2 tranches | $1.4M | $0.100 | First Andes Silver Announces Private Placement Financing of $1,000,000 CAD |