Guanajuato Silver (CVE:GSVR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$20.6m (up 22% from 2Q 2023).

• Net loss: US$2.75m (loss narrowed by 68% from 2Q 2023).

• US$0.007 loss per share (improved from US$0.026 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Guanajuato Silver EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 10.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Guanajuato Silver you should be aware of, and 1 of them is significant.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.