First Andes Silver (FAS) Stock Overview

An exploration stage company, engages in the exploration and development of mineral properties in Peru. More details

FAS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (CA$7M)

Makes less than USD$1m in revenue (CA$0)

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

+ 1 more risk

FAS Community Fair Values

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First Andes Silver Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for First Andes Silver
Historical stock prices
Current Share Price	CA$0.08
52 Week High	CA$0.28
52 Week Low	CA$0.06
Beta	1.67
1 Month Change	0%
3 Month Change	-15.79%
1 Year Change	-15.79%
3 Year Change	-73.33%
5 Year Change	-96.52%
Change since IPO	-98.18%

Recent updates

Shareholder Returns

	FAS	CA Metals and Mining	CA Market
7D	0%	2.6%	-0.1%
1Y	-15.8%	54.2%	23.9%

Return vs Industry: FAS underperformed the Canadian Metals and Mining industry which returned 55.3% over the past year.

Return vs Market: FAS underperformed the Canadian Market which returned 24.6% over the past year.

Price Volatility

Is FAS's price volatile compared to industry and market?
FAS volatility
FAS Average Weekly Movement	14.0%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	9.4%
10% most volatile stocks in CA Market	16.3%
10% least volatile stocks in CA Market	3.7%

Stable Share Price: FAS's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: FAS's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Colin Smith	firstandes.com

First Andes Silver Ltd., an exploration stage company, engages in the exploration and development of mineral properties in Peru. It explores for silver and gold deposits. The company holds 100% interest in the Santas Gloria silver property covering an area of 1,100 hectares located in the Lima, Peru.

First Andes Silver Ltd. Fundamentals Summary

How do First Andes Silver's earnings and revenue compare to its market cap?
FAS fundamental statistics
Market cap	CA$7.35m
Earnings (TTM)	-CA$1.14m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-6.1x

P/E Ratio

Is FAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FAS income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$1.14m
Earnings	-CA$1.14m

Last Reported Earnings

May 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.013
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FAS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 07:17
End of Day Share Price	2026/09/09 00:00
Earnings	2026/05/31
Annual Earnings	2026/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Andes Silver Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

First Andes Silver (FAS) Stock Overview

Risk Analysis

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First Andes Silver Ltd. Competitors

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Price History & Performance

Recent News & Updates

New major risk - Financial position

First Andes Silver Ltd. announced that it has received CAD 2.005 million in funding

First Andes Silver Ltd. announced that it expects to receive CAD 2 million in funding

First Andes Silver Ltd. Identifies Multi-Kilomet Alteration Cell (1.3 X 2 Km) from Worldview-3 Data, Santas Gloria Project, Peru

New minor risk - Share price stability

Executive Chairman recently sold CA$106k worth of stock

Recent updates

New major risk - Financial position

First Andes Silver Ltd. announced that it has received CAD 2.005 million in funding

First Andes Silver Ltd. announced that it expects to receive CAD 2 million in funding

First Andes Silver Ltd. Identifies Multi-Kilomet Alteration Cell (1.3 X 2 Km) from Worldview-3 Data, Santas Gloria Project, Peru

New minor risk - Share price stability

Executive Chairman recently sold CA$106k worth of stock

First Andes Silver Ltd. announced that it has received CAD 1.317 million in funding

First Andes Silver Ltd., Annual General Meeting, Sep 26, 2025

First Andes Silver Ltd. Successfully Intersects San Jorge Vein in First Diamond Drill Hole Completed to Target Depth At Santas Gloria Project, Peru

First Andes Silver Announces Commencement of 2000-Meter Diamond Drilling Program at the Santas Gloria Project, Peru

New major risk - Shareholder dilution

First Andes Silver Ltd. announced that it has received CAD 1.065 million in funding

Less than half of directors are independent

First Andes Silver Ltd. Appoints Ian Stalker as Executive Chairman and Director

First Andes Silver Ltd. announced that it expects to receive CAD 1 million in funding

First Andes Silver Ltd. Announces Resignation of Jacob Garland as A Director

First Andes Silver Ltd. announced that it expects to receive CAD 1 million in funding

First Andes Silver Ltd. Completes Initial Diamond Drill Program At Santas Gloria Silver Property

First Andes Silver Ltd. Signs Drill Contract for Santas Glorias Silver Property

First Andes Silver Ltd., Annual General Meeting, Jun 27, 2024

New major risk - Shareholder dilution

Mantaro Precious Metals Corp. announced that it has received CAD 1.3 million in funding

Mantaro Precious Metals Corp. Appoints Greig Hutton as New Director

Mantaro Precious Metals Corp. announced that it expects to receive CAD 0.6 million in funding

Mantaro Precious Metals Corp. Extends the Time to Complete its Exploration Commitment on the Santas Gloria Silver Property from December 31, 2023 and November 2024

Less than half of directors are independent

Mantaro Precious Metals Corp. Announces Change of Directors

Mantaro Precious Metals Corp. Commences Follow-Up Tailings Sampling At Golden Hill

Mantaro Precious Metals Corp. Announces Mineral Resource Estimate for its Golden Hill Property, Bolivia

New major risk - Financial position

Mantaro Precious Metals Corp. (TSXV:MNTR) completed the acquisition of Minera Meranti Ltda from Jacob Garland.

Mantaro Precious Metals Corp. Provides an Update as to the Status of the Maiden Resource Estimate At the Company's Golden Hill Property, Bolivia

Mantaro Precious Metals Corp. Completes Drill Pad Construction At Santas Gloria Ahead of Maiden Drill Program

Mantaro Precious Metals Corp. Announces Chief Executive Officer Changes

Mantaro Precious Metals Corp. Announces Complete Results from 2022 Drilling At Golden Hill Gold Property, Bolivia

Mantaro Precious Metals Corp. Appoints Stephen Clayson to the Position of Chief Executive Officer

Mantaro Precious Metals Corp. Appoints Stephen Clayson to the Position of Director of the Company, Effective Immediately

Mantaro Precious Metals Corp. Announces New Environmental License At Golden Hill Property

Less than half of directors are independent

Mantaro Precious Metals Corp. Receives Best Drill Hole Results to Date with Intersection of Multiple High-Grade Gold Zones in Hole Gh0005 At Golden Hill

Mantaro Precious Metals Corp. Announces Santas Gloria Property Fully Permitted for Drilling

Mantaro Precious Metals Corp. Announces New Gold Assays from Golden Hill Drill Program Including 4 Meters At 6.46 G/T Au

Mantaro Precious Metals Corp. Intersects 4.69M At 5.15 G/T Gold in First Drill Hole from Golden Hill Drill Program, Assays Pending from 20 of 21 Holes

Mantaro Precious Metals Corp. (TSXV:MNTR) agreed to acquire a 51% in the share capital of Minera Golden Hill S.R.L. for BOB 0.5 million.

Mantaro Precious Metals Corp. Completes Initial Diamond Drill Program At Golden Hill Property

Mantaro Precious Metals Corp. Completes First Four Drill Holes At Golden Hill Property and Intercepts Down Dip Extensions of Five Historically Mined Veins At La Escarcha

Mantaro Precious Metals Corp. Receives Key Environmental Approval for Santas Gloria Silver Property

Mantaro Precious Metals Corp. Commences 5,000 Meter Drill Program At Golden Hill

Mantaro Precious Metals Corp. Mobilizes Crew for 5,000 Meter Drill Program at Golden Hill

Mantaro Precious Metals Corp. Announces Executive Changes

Less than half of directors are independent

Mantaro Precious Metals Corp. Appoints Craig Hairfield as Director

Mantaro Precious Metals Corp. Discovers Two New Mineralized Vein Systems at Santas Gloria Silver Property

Mantaro Precious Metals Corp. Provides Updates on Exploration Activity of High-Grade Silver Assets in Peru and the Golden Hill Gold Project, Located in Bolivia

Mantaro Silver Corp. Provides Project Update for Its San Jose and Santas Gloria High-Grade Silver Properties, Located in Central Peru

Less than half of directors are independent

Mantaro Silver Corp. Announces Initial Work Program At High-Grade San Jose Silver Property

Mantaro Silver Corp. (TSXV:MSLV) entered into an agreement to acquire four Mineral Concessions near Santas Gloria Silver Property for $0.2 million.

Mantaro Silver Corp Provides an Update on Its High-Grade Silver Santas Gloria Silver Property, Located 55 Km East of Lima, Peru

Shareholder Returns

Price Volatility

About the Company

First Andes Silver Ltd. Fundamentals Summary