Southern Silver Exploration Corp (SSV) Financings
TSXV: SSV · Silver, Lead, Zinc · Advanced Exploration stage
- Market cap$161.7M
- Share price$0.385
- 52-week range$0.300 – $1.13
- Shares outstanding420,001,758
- ExchangeTSXV
- Websitewww.southernsilverexploration.com
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.
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Southern Silver Exploration Corp financial statements
Key figures read from 39 of 39 financial statement filings, Mar 30, 2017 to Sep 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,550,396 | C$3,458,479 | C$730,456 | C$4,670,767 | C$11,301,783 |
| Total current assets | C$4,749,047* | C$3,706,615* | C$843,911* | C$34,366,156 | C$34,106,336 |
| Total current liabilities | — | — | — | C$487,065 | C$746,829 |
| Working capital | — | — | — | C$33,879,091 | C$33,359,507 |
| Exploration and evaluation assets | C$48,628,547 | C$34,556,137 | C$34,527,618 | C$34,220,574 | C$33,969,391 |
| Total assets | C$53,616,984 | C$38,400,086 | C$35,518,427 | C$39,207,502 | C$45,694,766 |
| Shareholders' equity | C$53,094,255 | C$37,988,422 | C$35,027,265 | C$38,720,437 | C$44,947,937 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$4,979,165 | C$2,556,562 | C$2,494,990 | C$4,787,608 | C$5,549,898 |
| General and administrative | C$731,911 | C$610,389 | C$332,584 | C$419,689 | C$387,489 |
| Share-based compensation | C$3,761,420 | C$1,347,503 | C$12,526 | C$98,730 | C$2,246,032 |
| Impairments and write-downs | C$0 | C$193,375 | — | — | — |
| Net income (loss) | (C$11,344,343) | (C$5,734,418) | (C$3,705,698) | (C$6,326,230) | (C$8,990,615) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$7,417,920) | (C$4,381,503) | (C$3,633,599) | (C$6,392,671) | (C$6,928,554) |
| Investing cash flow | (C$14,178,727) | (C$212,245) | — | (C$251,183) | (C$2,994,219) |
| Financing cash flow | C$22,688,756 | C$7,321,771 | — | — | C$13,476,771 |
| Exploration spending (capitalized) | (C$14,072,410) | (C$221,894) | — | (C$251,183) | (C$474,902) |
| Proceeds from share issues | (C$1,875,886) | (C$316,894) | — | — | C$13,476,771 |
| Change in cash | C$1,091,917 | C$2,728,023 | (C$3,940,311) | (C$6,631,016) | C$3,542,336 |
| Cash at end of period | C$4,550,396 | C$3,458,479 | C$730,456 | C$4,670,767 | C$11,301,783 |
Southern Silver Exploration Corp financings
1 financing announced or closed by Southern Silver Exploration Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-14 | Southern Silver Exploration Corp (SSV) | LIFE offering, non-brokered | Tranche closed, 1 tranche | $4.0M | $0.600 | Southern Silver Announces Non-Brokered LIFE Private Placement for Gross Proceeds of up to C$4.0 Million |
Southern Silver Exploration Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Southern Silver Exploration Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2015-03-26 | Credit facility, closed / funded | — | C$300,000 | — |
| 2014-11-20 | Loan, signed | Radius Gold Inc | — | 8% |