SVBL
Silver Bull Resources, Inc.0.2500
-0.0200-7.41%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.91MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Silver Bull Resources swung to a net loss of $405,197 in Q3 FY2025 ended July 31, 2025, from a $21,134 profit a year earlier, driven by a $240,533 fair-value increase in its warrant derivative liability that widened the operating loss to $158,571 from $40,429. Exploration costs climbed 65% y/y to $142,175, including a $65,780 concessions impairment, while general and administrative expenses flipped to a $16,396 outlay from a $45,798 recovery, offset by $171,518 in Funding Agreement reimbursements. Cash rose 30% y/y to $705,835, bolstered by $78,118 in operating inflows and $81,756 from warrant exercises, leaving working capital at $301,000 amid the ongoing ICSID arbitration seeking $375 million for Mexico's blockade of the Sierra Mojada property—hearing set for October 2025. Free cash flow not disclosed in the 10-Q. Yet the blockade persists.
8-K
Auditor switch amid concerns
Silver Bull Resources switched auditors on June 12, 2025, as Smythe LLP resigned due to policy changes, with the Audit Committee promptly engaging Manning Elliott LLP for the fiscal year ending October 31, 2025. Smythe's prior reports were clean on accounting matters but flagged substantial going concern doubts from recurring losses and limited cash. No disagreements arose. The firm changed swiftly.
10-Q
Q2 FY2025 results
Silver Bull Resources narrowed its net loss to $70,000 in Q2 FY2025 ended April 30, 2025, from $19,000 a year earlier, while six-month losses eased to $173,000 from $212,000, thanks to Funding Agreement reimbursements slashing general and administrative costs by 64% y/y to $43,000. Exploration expenses dipped slightly to $82,000 amid the ongoing Sierra Mojada blockade, with no revenue as the firm stays in exploration stage. Cash dwindled to $375,000 from $546,000 at fiscal year-end, offset by $6,000 from warrant exercises; Bench Walk has funded $2.9M in arbitration costs since 2023 under a nonrecourse deal for up to $9.5M. The $375M ICSID claim against Mexico advances to hearing in October 2025. Cash burn persists.
8-K
Shareholders approve board, auditors
Silver Bull Resources held its annual shareholder meeting on April 17, 2025, where investors re-elected the four directors—Brian Edgar, Timothy Barry, David Underwood, and William Matlack—with over 95% approval each, despite low turnout of just 28% of outstanding shares. Shareholders also ratified Smythe LLP as auditors for the fiscal year ending October 31, 2025, with 96.4% in favor, and approved unallocated entitlements under the 2019 Stock Option and Stock Bonus Plan at 93.1%. This continuity bolsters governance stability. Yet, modest participation signals potential engagement risks.
10-Q
Q1 FY2025 results
Silver Bull Resources narrowed its Q1 FY2025 net loss to $102K from $193K a year earlier, thanks to $143K in Funding Agreement reimbursements that flipped general and administrative expenses into a $31K recovery, while exploration costs edged up $13K to $72K amid lower Bench Walk support. Operating loss improved to $103K from $149K, with other income of $4K versus a $43K hit last year from warrant fair-value swings. Cash climbed to $592K on $46K operating inflows, bolstered by $200K arbitration funding, though no capex means free cash flow isn't disclosed in the 10-Q. The $408M ICSID claim against Mexico advances to an October 2025 hearing, but ongoing blockades at Sierra Mojada risk further property impairments.
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