GR Silver Mining Ltd. (GRSL) Financings
TSXV: GRSL · Silver, Gold · Advanced Exploration stage
- Market cap$142.8M
- Share price$0.275
- 52-week range$0.205 – $0.750
- Shares outstanding519,195,423
- ExchangeTSXV
- Websitegrsilvermining.com
GR Silver Mining is a Canadian-based, Mexico-focused mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of the Plomosas Project, including both the high-grade silver discovery at the San Marcial Area and the former Plomosas underground mine. Recent discoveries in the 78 km² of highly prospective, advanced-stage exploration concessions position the Company well for resource expansion at the Plomosas Project.
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GR Silver Mining Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Apr 13, 2017 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$29,503,941 | C$1,162,255 | C$100,573 | C$902,238 | C$3,077,796 |
| Total current assets | C$29,990,297 | C$1,406,503* | C$322,332* | C$1,238,594* | C$3,366,723* |
| Total current liabilities | C$2,025,882 | C$1,372,351 | C$24,028,561 | C$18,343,438 | C$14,510,444 |
| Working capital | C$27,964,415 | C$34,152 | (C$23,706,229) | (C$17,104,844) | (C$11,143,721) |
| Exploration and evaluation assets | C$7,129,308 | C$7,424,819 | C$7,424,819 | C$19,724,680 | C$19,777,764 |
| Property, plant and equipment | C$602,963 | C$680,666 | C$992,769 | C$1,482,432 | C$1,807,195 |
| Total assets | C$38,138,102 | C$9,720,304 | C$10,723,449 | C$25,283,504 | C$28,427,460 |
| Total liabilities | C$2,270,896 | C$1,898,471 | C$26,875,964 | C$20,690,797 | C$17,164,362 |
| Shareholders' equity | C$35,867,206 | C$7,821,833 | (C$16,152,515) | C$4,592,707 | C$11,263,098 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$3,289,985 | C$1,490,209 | C$4,082,583 | C$13,953,350 | C$12,442,672 |
| General and administrative | C$632,709 | C$432,228 | C$592,862 | C$759,603 | C$945,730 |
| Share-based compensation | C$950,255 | C$747,564 | C$234,208 | C$453,446 | C$1,532,335 |
| Impairments and write-downs | — | C$0 | — | (C$693,251) | (C$450,642) |
| Net income (loss) | (C$8,359,052) | C$19,284,843 | (C$25,597,989) | (C$18,794,177) | (C$18,197,243) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$7,159,932) | (C$4,490,124) | (C$5,312,713) | (C$13,561,462) | (C$15,918,879) |
| Investing cash flow | (C$100,119) | C$1,609,865 | C$0 | (C$255,685) | (C$3,081,944) |
| Financing cash flow | C$35,601,737 | C$3,941,941 | C$4,511,048 | C$11,641,589 | C$17,185,041 |
| Proceeds from share issues | C$35,644,750 | C$3,039,174 | C$4,729,875 | C$12,874,871 | C$18,036,204 |
| Change in cash | C$28,341,686 | C$1,061,682 | (C$801,665) | (C$2,175,558) | (C$1,815,782) |
| Cash at end of period | C$29,503,941 | C$1,162,255 | C$100,573 | C$902,238 | C$3,077,796 |
GR Silver Mining Ltd. financings
6 financings announced or closed by GR Silver Mining Ltd., read by Mining News Terminal, newest first.