Highlander Silver Corp.
HSLV · Gold and Silver Ores · EDGAR filings ↗
Grade
C63Well-funded gold/silver exploration company with no revenue and normal exploration-stage losses.
Strengths
- Very long cash runway (~29.9 quarters, 95th pct) and current ratio ~26
- ~$79M cash gives ample balance-sheet flexibility
Risks
- Negative ROA/ROE (-14%) and negative free cash flow with no producing assets
- Pre-revenue explorer fully dependent on drilling success and future financing
Notable findings
- Cash burnNegative free cash flow (-10.6M)
Key metrics
Return on equity
-14.5%
Return on assets
-14.0%
Current ratio
26.0×
Free cash flow
-$11M
Tangible book value
$85M
Cash & investments
$79M
Cash runway
30q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-31 | 2025-12-31 | 0001213900-26-036688 ↗ |