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A junior silver exploration company (specific project details not confidently known).
A junior silver exploration company (specific project details not confidently known).
Moat: none
Employees: 51
Size Highlander Silver (HSLV.TO) is a Canada Materials company (Precious Metals) with a market value of $906M, the 257th largest of 420 Canada companies the cockpit tracks. Shares closed at C$6.24 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against -9.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth The operating margin is -59.6% (peer median 26.8%).
Valuation It trades at 2.22× book value against a peer median of 2.80× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 21.6%; Highlander Silver delivers 1.2%, so the price asks more than the business earns today.
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$77.6M | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | C$7.03M | -C$36,307 | -C$29,608 | -C$10,413 | -C$9,980 |
| EBITDA | -C$21.0M | -C$14.3M | -C$3.18M | -C$928,240 | -C$966,040 |
| Net income | C$3.59M | -C$13.6M | -C$3.09M | -C$5.55M | -C$718,623 |
| Free cash flow | -C$21.1M | -C$13.5M | -C$2.51M | -C$617,770 | -C$245,320 |
| Capital expenditure | C$16.6M | C$231,781 | C$68,265 | C$1.29M | C$1.04M |
| Total debt | C$591,619 | C$12,412 | C$0 | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HSLV.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.0% | -10.0% | 9th highest of 21 |
| 6-month return | -23.4% | -9.5% | 7th lowest of 20 |
| Return on equity | 1.2% | 7.5% | 9th lowest of 20 |
| Price / book | 2.22× | 2.80× | 8th cheapest of 21 |
| Trailing P/E | 151.1× | 19.7× | 2nd most expensive of 12 |
| ROE the price implies | 21.6% | 31.1% | 6th least demanding of 21 |
| ROE delivered | 1.2% | 7.7% | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | 1% | 2.22× | 21.6% | 1.2% |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | -74% | 25.80× | 403.4% | -73.7% |
| Critical Metals CRML | United States | $864M | -58% | n/a | -105% | 2.51× | 32.2% | -104.7% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 20% | 1.95× | 23.0% | 20.2% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | 34% | 9.20× | 110.5% | 34.4% |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 7% | 9.28× | 35.7% | 7.5% |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | 9.88× | 157.7% | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | 8% | 0.99× | 13.4% | 7.8% |
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 21% | 2.79× | 46.7% | 20.8% |
| Dakota Gold DC | United States | $798M | -1% | n/a | -23% | 4.34× | 38.7% | -23.4% |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | -8% | 2.39× | 29.4% | -8.3% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | -3% | 6.55× | 94.2% | -3.3% |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 63% | 2.01× | 21.9% | 63.3% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 23% | 2.81× | 35.2% | 22.7% |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 11% | 2.18× | 22.3% | 10.9% |
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | -14% | 1.77× | 14.5% | n/a |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 29% | 1.52× | 15.2% | 29.2% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | -9% | 5.52× | 30.0% | -9.2% |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | -153% | 22.56× | 218.6% | -152.6% |