Mantaro Silver Corp
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 was formerly known as Mantaro Precious Metals Corp. and changed its name to First Andes Silver Ltd. in April 2024. First Andes Silver Ltd. is headquartered in Vancouver, Canada.
Mantaro Silver Corp (MSLVF) - Net Assets
Latest net assets as of November 2025: $4.70 Million USD
Based on the latest financial reports, Mantaro Silver Corp (MSLVF) has net assets worth $4.70 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.22 Million) and total liabilities ($521.89K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.70 Million |
| % of Total Assets | 90.0% |
| Annual Growth Rate | 36.57% |
| 5-Year Change | 852.89% |
| 10-Year Change | N/A |
| Growth Volatility | 925.92 |
Mantaro Silver Corp - Net Assets Trend (2019–2025)
This chart illustrates how Mantaro Silver Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mantaro Silver Corp (2019–2025)
The table below shows the annual net assets of Mantaro Silver Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $3.68 Million | +91.69% |
| 2024-02-29 | $1.92 Million | -76.86% |
| 2023-02-28 | $8.30 Million | -16.53% |
| 2022-02-28 | $9.94 Million | +2473.59% |
| 2021-02-28 | $386.30K | -19.06% |
| 2020-02-29 | $477.29K | -15.83% |
| 2019-02-28 | $567.04K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mantaro Silver Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1365880400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.17 Million | 384.83% |
| Other Comprehensive Income | $3.78 Million | 102.71% |
| Total Equity | $3.68 Million | 100.00% |
Mantaro Silver Corp Competitors by Market Cap
The table below lists competitors of Mantaro Silver Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MOVIE GAMES S.A. ZY1
F:2LH
|
$3.92 Million |
|
TIMES CHINA HLDGS HD -10
F:T2H
|
$3.92 Million |
|
ALX Resources Corp
PINK:ALXEF
|
$3.92 Million |
|
Beam Communications Holdings Ltd
AU:BCC
|
$3.93 Million |
|
Hochiminh City Metal Corp
VN:HMC
|
$3.92 Million |
|
Haily Group Bhd
KLSE:0237
|
$3.92 Million |
|
Locafy Limited
NASDAQ:LCFYW
|
$3.92 Million |
|
High Arctic Energy Services Inc
PINK:HGHAF
|
$3.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mantaro Silver Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,920,313 to 3,680,991, a change of 1,760,678 (91.7%).
- Net loss of 482,135 reduced equity.
- New share issuances of 2,275,650 increased equity.
- Other comprehensive income increased equity by 261,876.
- Other factors decreased equity by 294,713.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-482.13K | -13.1% |
| Share Issuances | $2.28 Million | +61.82% |
| Other Comprehensive Income | $261.88K | +7.11% |
| Other Changes | $-294.71K | -8.01% |
| Total Change | $- | 91.69% |
Book Value vs Market Value Analysis
This analysis compares Mantaro Silver Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.23x to 0.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-02-28 | $0.25 | $0.06 | x |
| 2020-02-29 | $0.20 | $0.06 | x |
| 2021-02-28 | $0.16 | $0.06 | x |
| 2022-02-28 | $0.63 | $0.06 | x |
| 2023-02-28 | $0.38 | $0.06 | x |
| 2024-02-29 | $0.09 | $0.06 | x |
| 2025-02-28 | $0.12 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mantaro Silver Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.24x
- Recent ROE (-13.10%) is above the historical average (-65.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -15.62% | 0.00% | 0.00x | 1.01x | $-145.25K |
| 2020 | -18.80% | 0.00% | 0.00x | 1.05x | $-137.47K |
| 2021 | -23.56% | 0.00% | 0.00x | 1.08x | $-129.62K |
| 2022 | -48.17% | 0.00% | 0.00x | 1.03x | $-5.78 Million |
| 2023 | -43.42% | 0.00% | 0.00x | 1.29x | $-3.78 Million |
| 2024 | -294.59% | 0.00% | 0.00x | 1.51x | $-5.85 Million |
| 2025 | -13.10% | 0.00% | 0.00x | 1.24x | $-850.23K |
Industry Comparison
This section compares Mantaro Silver Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mantaro Silver Corp (MSLVF) | $4.70 Million | -15.62% | 0.11x | $3.92 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |