First Andes Silver Ltd.
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.
First Andes Silver Ltd. (FAS) - Net Assets
Latest net assets as of November 2025: CA$4.70 Million CAD
Based on the latest financial reports, First Andes Silver Ltd. (FAS) has net assets worth CA$4.70 Million CAD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.23 Million) and total liabilities (CA$522.49K). 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 | CA$4.70 Million |
| % of Total Assets | 90.0% |
| Annual Growth Rate | -28.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 69.73 |
First Andes Silver Ltd. - Net Assets Trend (2022–2025)
This chart illustrates how First Andes Silver Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Andes Silver Ltd. (2022–2025)
The table below shows the annual net assets of First Andes Silver Ltd. from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | CA$3.68 Million | +91.69% |
| 2024-02-29 | CA$1.92 Million | -76.86% |
| 2023-02-28 | CA$8.30 Million | -16.53% |
| 2022-02-28 | CA$9.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Andes Silver Ltd.'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 921518300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$17.86 Million | 485.23% |
| Total Equity | CA$3.68 Million | 100.00% |
First Andes Silver Ltd. Competitors by Market Cap
The table below lists competitors of First Andes Silver Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Widodo Makmur Perkasa PT
JK:WMPP
|
$5.29 Million |
|
Balyo SA
PINK:BYYLF
|
$5.29 Million |
|
Elysee Development Corp
PINK:ASXSF
|
$5.29 Million |
|
SUPERNOVA METALS CORP.
F:A1S
|
$5.29 Million |
|
Gratomic Inc
PINK:CBULF
|
$5.29 Million |
|
Hygrovest Ltd
AU:HGV
|
$5.29 Million |
|
Milux Corporation Bhd
KLSE:7935
|
$5.29 Million |
|
B&B Triplewall Containers Limited
NSE:BBTCL
|
$5.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Andes Silver Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,920,313 to 3,680,991, a change of 1,760,678 (91.7%).
- Net loss of 482,135 reduced equity.
- New share issuances of 2,275,650 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-482.13K | -13.1% |
| Share Issuances | CA$2.28 Million | +61.82% |
| Other Changes | CA$-32.84K | -0.89% |
| Total Change | CA$- | 91.69% |
Book Value vs Market Value Analysis
This analysis compares First Andes Silver Ltd.'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: 1.70x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.07x to 1.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-02-28 | CA$1.62 | CA$0.12 | x |
| 2023-02-28 | CA$1.13 | CA$0.12 | x |
| 2024-02-29 | CA$0.27 | CA$0.12 | x |
| 2025-02-28 | CA$0.07 | CA$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Andes Silver Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.24x
- Recent ROE (-13.10%) is above the historical average (-99.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -48.17% | 0.00% | 0.00x | 1.03x | CA$-5.78 Million |
| 2023 | -43.42% | 0.00% | 0.00x | 1.29x | CA$-3.78 Million |
| 2024 | -294.57% | 0.00% | 0.00x | 1.51x | CA$-5.85 Million |
| 2025 | -13.10% | 0.00% | 0.00x | 1.24x | CA$-850.23K |
Industry Comparison
This section compares First Andes Silver Ltd.'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: $5,761,200
- Average return on equity (ROE) among peers: -9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Andes Silver Ltd. (FAS) | CA$4.70 Million | -48.17% | 0.11x | $5.29 Million |
| AC/DC Battery Metals Inc. (ACDC) | $1.48 Million | -20.93% | 0.02x | $487.04 |
| Archon Minerals Ltd (ACS) | $-2.07 Million | 0.00% | 0.00x | $1.79 Million |
| Adamera Minerals Corp. (ADZ) | $8.20 Million | -13.43% | 0.14x | $2.99 Million |
| Argonaut Exploration Inc. (AGA) | $6.54 Million | -40.86% | 0.13x | $74.49 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $19.42 Million |
| Angel Wing Metals Inc (AWM) | $9.86 Million | -19.57% | 0.07x | $2.70 Million |
| Arizona Gold & Silver Inc. (AZS) | $7.02 Million | -8.43% | 0.01x | $34.92 Million |
| Thunderbird Minerals Corp. (BIRD) | $100.00 | 0.00% | 0.00x | $539.80 |
| Bonanza Mining Corporation (BNZ) | $2.22 Million | -7.98% | 0.07x | $1.35 Million |
| Canadian Critical Minerals Inc. (CCMI) | $8.39 Million | 17.33% | 0.67x | $6.70 Million |