Summa Silver Balance Sheet Health

Financial Health criteria checks 6/6

Summa Silver has a total shareholder equity of CA$44.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$44.8M and CA$169.6K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.95m
Equity	CA$44.66m
Total liabilities	CA$169.57k
Total assets	CA$44.83m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 48X's short term assets (CA$2.4M) exceed its short term liabilities (CA$169.6K).

Long Term Liabilities: 48X has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: 48X is debt free.

Reducing Debt: 48X had no debt 5 years ago.

Balance Sheet

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.

Stable Cash Runway: 48X has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 48X is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.

Summa Silver Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

New minor risk - Shareholder dilution

Summa Silver Corp. announced that it expects to receive CAD 5 million in funding

Summa Silver Corp. has filed a Follow-on Equity Offering in the amount of CAD 5 million.

Summa Silver Corp. has filed a Follow-on Equity Offering in the amount of CAD 5 million.

Summa Silver Outlines High-Grade Silver Targets on the Underexplored Extension of the Prolific Tonopah Mining District

Summa Silver Corp. Provides an Update on Drill Planning for the Mogollon Project, New Mexico

Summa Silver Corp. Reports Results from Geological Mapping and Soil Geochemical Survey at its 100% Owned High-Grade Silver-Gold Mogollon Project, New Mexico

Summa Silver Corp., Annual General Meeting, Mar 26, 2024

New major risk - Financial position

Summa Silver Corp. Announces Additional High-Grade Discovery at the Hughes Project, Nevada; Commences Drilling at the Mogollon Project, New Mexico

Summa Silver Corp. Announces Plans for Winter Drill Program at its Mogollon Project Near Silver City, New Mexico

Summa Silver Corp. Announces Results from an Ongoing Data Compilation and Geologic Modification at the Hughes Project Near Tonopah, Nevada

Insufficient new directors

Summa Silver Discovers New High-Grade Vein Extensions At the Mogollon Project, New Mexico

Summa Silver Reports Excellent Metallurgical Test Results from the Mogollon High-Grade Silver Project, New Mexico

Summa Silver Intersects Wide Vein Zones in Aggressive Step-Out Holes At the High-Grade Silver-Gold Mogollon Project, New Mexico

Summa Silver Corp. Drills 16.6 M of 445 G/T Silver Equiv. Including 9.9 M of 640 G/T Silver Equiv. in Step-Out At Mogollon, New Mexico

Summa Silver Corp., Annual General Meeting, Mar 15, 2023

Summa Silver Corp. announced that it has received CAD 10.3123 million in funding

Summa Silver Corp. announced that it expects to receive CAD 10 million in funding

High number of new directors

Summa Silver Corp. Summa Silver Corp. Identifies Vein-Extensions at the High-Grade Mogollon Project Near Silver City, New Mexico

Summa Silver Corp. Resumes Drilling At the High- Grade Mogollon Silver Project, New Mexico

Summa Silver Corp. Reports Additional High Grade Results from the Hughes Project, Intersecting 535 G/T Ageq over 4.6 M Including 1,273 G/T Ageq over 1.4 M

Summa Silver Corp. Stakes New Mining Claims at the High-Grade Mogollon Silver Project, New Mexico

Summa Silver Corp. Provides Drilling Update from the High-Grade Silver-Gold Hughes Project, Nevada

High number of new and inexperienced directors

Summa Silver Corp. (TSXV:SSVR) acquired Additional 1446 Acres of Claims contiguous with the Hughes Property in Nevada.

Summa Silver Corp. Announced High-Grade Silver and Gold Drill Results from the Mogollon Property Near Silver City, New Mexico and Commencement of Significant Drill Program At the Hughes Property Near Tonopah, Nevada

Summa Silver Corp. Provides an Update from On-Going Drilling at the High-Grade Silver-Gold Mogollon Property Near Silver City, New Mexico

Summa Silver Corp. Summa Silver Accelerates Drilling At the Mogollon High-Grade Silver Project

Summa Silver Corp. announced that it has received CAD 11.499989 million in funding

Summa Silver Corp. announced that it expects to receive CAD 10 million in funding

Summa Silver Receives Drill Permit and Prepares for Immediate Drilling at the High- Grade Silver-Gold Mogollon Property, New Mexico

Summa Silver Corp. Reports Results from Property-Wide Soil Geochemical Survey from its Hughes Property at Tonopah, Nevada

Summa Silver Corp Drills 11,992 G/T Silver Equivalent over 0.9 M Within 4,408 G/T Silver Equivalent over 2.8 M At the Hughes Property, Tonopah Nevada

Summa Silver Corp. Reports Results from Two Geophysical Surveys At Its Hughes Property

Summa Silver Corp. Announces Results from 54-Hole Auger Drill Program Completed in 2019 and 2020 Which Tested the Tailings Pile from the Historic Belmont Mine

Summa Silver Executes Drilling Contract for the High-Grade Hughes Silver-Gold Property, Nevada

Summa Silver Corp. announced that it has received CAD 10.168 million in funding from 2176423 Ontario Ltd.

Summa Silver Corp. announced that it expects to receive $8 million in funding

Summa Silver Corp., Annual General Meeting, Mar 09, 2021

Summa Silver Corp. Drills 6,220 g/t Silver Equivalent over 0.7 m at the Hughes Property, Nevada

New 90-day low: €0.63

Summa Silver Plans Minimum of 15,000 m of Drilling in 2021 around the Consolidated Mine at the High-Grade Silver and Gold Mogollon Property, New Mexico

New 90-day low: €0.74

Summa Silver Corp. Makes High-Grade Silver Discovery of 3,760 g/t Silver Equivalent over 2.5 m at the Hughes Property, Tonopah Nevada

New 90-day high - €2.10

Summa Silver Corp. announced that it has received CAD 8 million in funding

Summa Silver Corp. announced that it expects to receive CAD 8 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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