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Defiance Silver

TSXV:DEF
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DEF
TSXV
CA$27M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Defiance Silver Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties primarily in Mexico. The last earnings update was 19 days ago. More info.


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  • Defiance Silver has significant price volatility in the past 3 months.
DEF Share Price and Events
7 Day Returns
0%
TSXV:DEF
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-27.6%
TSXV:DEF
-7.9%
CA Metals and Mining
-0.1%
CA Market
DEF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Defiance Silver (DEF) 0% 0% 5% -27.6% 121.1% 90.9%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • DEF underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • DEF underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
DEF
Industry
5yr Volatility vs Market

Value

 Is Defiance Silver undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Defiance Silver. This is due to cash flow or dividend data being unavailable. The share price is CA$0.21.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Defiance Silver's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Defiance Silver's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:DEF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:DEF Share Price ** TSXV (2019-03-18) in CAD CA$0.21
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Defiance Silver.

TSXV:DEF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:DEF Share Price ÷ EPS (both in CAD)

= 0.21 ÷ -0.01

-28.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Defiance Silver is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Defiance Silver is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Defiance Silver's expected growth come at a high price?
Raw Data
TSXV:DEF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Defiance Silver, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Defiance Silver's assets?
Raw Data
TSXV:DEF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.08
TSXV:DEF Share Price * TSXV (2019-03-18) in CAD CA$0.21
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:DEF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:DEF Share Price ÷ Book Value per Share (both in CAD)

= 0.21 ÷ 0.08

2.61x

* Primary Listing of Defiance Silver.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Defiance Silver is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Defiance Silver's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Defiance Silver has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Defiance Silver expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Defiance Silver has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Defiance Silver expected to grow at an attractive rate?
  • Unable to compare Defiance Silver's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Defiance Silver's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Defiance Silver's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:DEF Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:DEF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:DEF Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 0 -1
2017-06-30 0 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 0 -1
2016-06-30 -1 -1
2016-03-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Defiance Silver is high growth as no earnings estimate data is available.
  • Unable to determine if Defiance Silver is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:DEF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Defiance Silver Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:DEF Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Defiance Silver will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of DEF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Defiance Silver's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Defiance Silver's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Defiance Silver's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Defiance Silver has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Defiance Silver performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Defiance Silver's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Defiance Silver does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Defiance Silver's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Defiance Silver's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Defiance Silver's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Defiance Silver Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:DEF Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.75 0.74
2018-09-30 -0.81 0.71
2018-06-30 -0.86 0.74
2018-03-31 -0.79 0.69
2017-12-31 -0.80 0.67
2017-09-30 -0.72 0.66
2017-06-30 -0.62 0.57
2017-03-31 -0.66 0.61
2016-12-31 -0.69 0.59
2016-09-30 -0.65 0.53
2016-06-30 -0.65 0.54
2016-03-31 -0.67 0.56
2015-12-31 -0.61 0.56
2015-09-30 -0.83 0.78
2015-06-30 -0.84 0.79
2015-03-31 -0.81 0.73
2014-12-31 -0.87 0.75
2014-09-30 -2.24 0.51
2014-06-30 -2.23 0.47
2014-03-31 -2.27 0.56
2013-12-31 -2.29 0.61
2013-09-30 -0.89 0.82
2013-06-30 -0.89 0.82
2013-03-31 -1.34 0.84
2012-12-31 -1.37 0.86
2012-09-30 -1.18 0.66
2012-06-30 -1.22 0.65
2012-03-31 -0.79 0.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Defiance Silver has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Defiance Silver has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Defiance Silver improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Defiance Silver's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Defiance Silver has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Defiance Silver's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Defiance Silver's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Defiance Silver's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Defiance Silver's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Defiance Silver's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Defiance Silver Company Filings, last reported 2 months ago.

TSXV:DEF Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 9.54 1.21 0.08
2018-09-30 5.62 0.72 0.07
2018-06-30 5.61 0.45 0.12
2018-03-31 3.93 0.40 0.22
2017-12-31 4.02 0.00 0.19
2017-09-30 4.23 0.00 1.01
2017-06-30 2.84 0.00 0.18
2017-03-31 2.97 0.00 0.65
2016-12-31 3.06 0.00 1.04
2016-09-30 2.78 0.00 0.84
2016-06-30 2.78 0.00 0.93
2016-03-31 1.64 0.16 0.17
2015-12-31 1.53 0.16 0.02
2015-09-30 1.65 0.00 0.05
2015-06-30 1.77 0.00 0.42
2015-03-31 1.24 0.00 0.33
2014-12-31 0.87 0.00 0.08
2014-09-30 1.04 0.00 0.42
2014-06-30 1.19 0.00 0.69
2014-03-31 1.20 0.00 0.95
2013-12-31 0.16 0.00 0.00
2013-09-30 1.89 0.00 0.05
2013-06-30 1.81 0.00 0.08
2013-03-31 2.01 0.00 0.23
2012-12-31 2.19 0.00 0.43
2012-09-30 2.37 0.00 0.37
2012-06-30 1.68 0.00 0.34
2012-03-31 1.79 0.12 0.29
  • Defiance Silver's level of debt (12.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 12.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Defiance Silver has less than a year of cash runway based on current free cash flow.
  • Defiance Silver has less than a year of cash runway if free cash flow continues to grow at historical rates of 25.2% each year.
X
Financial health checks
We assess Defiance Silver's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Defiance Silver has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Defiance Silver's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Defiance Silver dividends.
If you bought CA$2,000 of Defiance Silver shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Defiance Silver's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Defiance Silver's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:DEF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Defiance Silver has not reported any payouts.
  • Unable to verify if Defiance Silver's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Defiance Silver's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Defiance Silver has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Defiance Silver's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Defiance Silver afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Defiance Silver has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Defiance Silver's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Hawley
COMPENSATION CA$40,320
AGE 61
TENURE AS CEO 1.1 years
CEO Bio

Mr. Peter J. Hawley, B.Sc., BEng, M.Sc., P.Geo., has been Advisor of Lucky Minerals Inc. since March 2013. Mr. Hawley served as Interim President and CEO of Defiance Silver Corporation since February 2018 and serves its President and Chief Executive Officer since February 15, 2018. Mr. Hawley is the Founder of Scorpio Mining Corp. and served as its Interim Chief Executive Officer and Interim President from July 20, 2012 to April 23, 2013. Mr. Hawley served as the Chief Executive Officer at Scorpio Gold Corporation from July 10, 2006 to November 1, 2016 and served as its President from April 30, 2015 to August 10, 2016. Mr. Hawley was a Consultant of Robex Resources Inc since February 2010. He has over 36 years of experience in the exploration and mining industry and works as a consulting geologist to a large number of intermediate and senior mining companies, including Teck Corp., Noranda Inc., Placer Dome Inc. and Barrick Gold Corp. Mr. Hawley served as a Senior Vice President of LMX Resources since 1998. He has exclusive knowledge of past work performed on the Vianey Mine by LMX Resources and its Mexican subsidiary. He has 33 years industry experience in mining exploration in the Americas that spans grassroots exploration through to development and production. He is experienced in private and public company financing and corporate administration. Mr. Hawley served as the President at Scorpio Gold Corporation from July 10, 2006 to September 4, 2012. He has been Chairman of Defiance Silver Corp. since July 14, 2016. He has been Chairman of the Board at Scorpio Mining Corp. since December 2014. He served as Chairman of the Board at Americas Silver Corporation until May 26, 2016. He served as an Executive Chairman of Scorpio Mining Corp., from January 1, 2007 to July 14, 2010 and served as its Chief Executive Officer from May 1998 to November 15, 2010, which he founded. He served as the President of Scorpio Mining Corp., from May 12, 1998 to December 31, 2006. Mr. Hawley served as the President of Castle Peak Mining Ltd. He worked extensively as a Consulting Geologist to a large number of intermediate and senior mining companies including Teck Corporation, Noranda Inc., Placer Dome Inc., and Barrick Gold. He serves as Chairman of Scorpio Gold Corporation. He served as Chairman of Niogold Mining Corp since December 4, 2012. He served as Non-Executive Chairman of Scorpio Mining Corp. from January 1, 2011 to July 2012 and also served as its Chief Executive Officer. He has been Independent Director of Americas Silver Corporation from May 12, 1998. He has been a Director of Scorpio Mining Corp. since January 1998 and Fabled Copper Corp. since September 25, 2018. He has been a Director of Scorpio Gold Corporation since June 11, 2009 and ABE Resources Inc. (Abitex Resources Inc.) since February 28, 2009. He served as an Independent Director of 0903658 B.C. Ltd. from November 29, 2006 to September 2009. Mr. Hawley served as an Independent Director of Niogold Mining Corp. from May 10, 2012 to March 2016. He served as a Director of MaxTech Ventures Inc., from September 15, 2009 to September 2012. He served as a Director of Gunpowder Capital Corp. since December 2007. He served as Director of Chimata Gold Corp., from February 10, 2011 to September 2012. He served as an Independent Director of Castle Peak Mining Ltd from March 4, 2011 to May 27, 2014. He served as a Director of Silver Shield Resources Inc. since December 2007. He served as an Executive Director of Americas Silver Corporation since May 12, 1998. He served as a Director of Centric Energy Corp. from November 29, 2006 to September 2009. He served as a Director of Plexmar Resources Inc. since 2002, International Taurus Resources Inc. since September 10, 2001 and Robex Resources Inc. from 2004 to August 8, 2005 and also from October 2008 to February 2010.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Peter's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Defiance Silver management team in years:

0.7
Average Tenure
  • The average tenure for the Defiance Silver management team is less than 2 years, this suggests a new team.
Management Team

Peter Hawley

TITLE
Chairman of the Board
COMPENSATION
CA$40K
AGE
61
TENURE
1.1 yrs

William Bruce Winfield

TITLE
COMPENSATION
CA$60K
AGE
70
TENURE
1.7 yrs

Sherry Roberge

TITLE
CFO & Corporate Secretary
TENURE
0.1 yrs

Gillian K. Kearvell

TITLE
Vice President of Exploration
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Defiance Silver board of directors in years:

5.3
Average Tenure
57
Average Age
  • The tenure for the Defiance Silver board of directors is about average.
Board of Directors

Peter Hawley

TITLE
Chairman of the Board
COMPENSATION
CA$40K
AGE
61
TENURE
2.7 yrs

Ron Sowerby

TITLE
Independent Director
AGE
74
TENURE
6.3 yrs

Randy V. Smallwood

TITLE
Director
AGE
53
TENURE
0.3 yrs

Darrell Rader

TITLE
Director
COMPENSATION
CA$43K
AGE
39
TENURE
11.7 yrs

Fred Davidson

TITLE
Member of Advisory Board
TENURE
7.6 yrs

Paul Smith

TITLE
Director
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Defiance Silver insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Peter Hawley Individual 11. Mar 19 11. Mar 19 450,000 CA$0.20 CA$90,000
14. Mar 19 Buy Randy V. Smallwood Individual 11. Mar 19 11. Mar 19 312,500 CA$0.20 CA$62,500
X
Management checks
We assess Defiance Silver's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Defiance Silver has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Investor Owns Most Of Defiance Silver Corp (CVE:DEF)?

The big shareholder groups in Defiance Silver Corp (CVE:DEF) have power over the company. … With a market capitalization of CA$25m, Defiance Silver is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Defiance Silver

Simply Wall St -

Breaking Down Defiance Silver Corp's (CVE:DEF) Ownership Structure

I am going to take a deep dive into Defiance Silver Corp’s (CVE:DEF) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

Breaking Down Defiance Silver Corp's (CVE:DEF) Ownership Structure

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Private Company Ownership Another important group of owners for potential investors in DEF are private companies that hold a stake of 2.14% in DEF.

Simply Wall St -

Company Info

Description

Defiance Silver Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties primarily in Mexico. The company primarily explores for silver deposits. It has an option to acquire a 100% interest in the San Acacio deposit that consists of 10 mining concessions located to the north of the city of Zacatecas, Mexico. The company was formerly known as Defiance Capital Corp. and changed its name to Defiance Silver Corp. in June 2011. Defiance Silver Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: Defiance Silver Corp.
DEF
Exchange: TSXV
Founded: 2007
CA$26,507,030
126,223,953
Website: http://www.defiancesilver.com
Address: Defiance Silver Corp.
1177 West Hastings Street,
Suite 2300,
Vancouver,
British Columbia, V6E 2K3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV DEF Common Shares TSX Venture Exchange CA CAD 29. May 2008
OTCPK DNCV.F Common Shares Pink Sheets LLC US USD 29. May 2008
DB D4E Common Shares Deutsche Boerse AG DE EUR 29. May 2008
Number of employees
Current staff
Staff numbers
0
Defiance Silver employees.
Industry
Silver
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:08
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.