Silver Mines (SVL) H2 2025 earnings summary

Executive summary

• Advanced the Bowdens Silver Project with updated feasibility, resource, and reserve estimates, improving project economics and reducing environmental footprint compared to prior studies.

• Expanded international presence by acquiring Calico North Silver Project and securing a farm-in right for up to 80% of Kramer Hills Gold-Silver Project in California.

• Raised significant capital through placements and a share purchase plan, supporting project development and exploration.

• Appointed a new non-executive director, strengthening board expertise.

Financial highlights

• Reported a net loss after tax of $3,768,394 for FY2025, compared to a $2,217,610 loss in the prior year.

• Exploration and development expenditure totaled $9,037,537 (2024: $10,110,754).

• Net assets increased to $157,149,543 (2024: $137,610,351), with exploration assets at $101,661,960.

• Cash and cash equivalents at year-end were $19,299,496, up from $10,805,188.

• No revenue from mineral sales; minor income from agricultural operations.

Outlook and guidance

• Focus remains on securing final development consent for Bowdens and advancing US projects.

• Capital raised post-year-end will fund project approvals, engineering, exploration, and working capital.

• Anticipates a pivotal year ahead as the company transitions toward production and further resource growth.