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Minaurum Silver Inc. (MGG) Fair Value & Analysis

Basic Materials · CA · Market cap C$181M (≈ $131M) · ISIN CA60252Q1019

What is Minaurum Silver Inc. really worth?

MS Minaurum Silver Inc. MGG · V
PriceC$0.3950
Fair ValueC$0.0400
Upside−89.9%
Quality45/100

Below-average quality, and trading another 887% above our fair value of C$0.0400.

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Risks

!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (0/8)
!Narrow moat 4/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range C$0.0300 – C$0.0500

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 72 days ago

Share price +23.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (C$0.0500). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

C$0.6000 C$0.1200 Fair Value C$0.0400 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

60‑month range C$0.1200 – C$0.6000 · fair‑value band C$0.0300 – C$0.0500 · the C$0.3950 price screens above the C$0.0400 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Minaurum Silver Inc. (MGG) currently trades at C$0.3950, while our model-based Fair Value estimate is C$0.0400, implying the stock looks roughly 887.2% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

It earns a return on equity of −58.3%. Fundamentals as of Jun 24, 2026

Our scenario range runs from C$0.0300 (bear case) to C$0.0500 (bull case); at C$0.3950, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 80% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −73% fair-value upside, at −90%, MGG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) best evidence C$0.0400 C$0.0400 C$0.0400 53
All 1 models by family
Asset-Based
NCAV (Graham) best evidence C$0.0400 C$0.0400 C$0.0400 53

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Key figures & financial health

EPS (TTM) C$−0.0200
Return on equity −58.3% TTM
Return on assets (EBIT) −53.0% avg 5y
Free cash flow −C$4.2M FY2025
Net cash C$617K FY2024

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 48 · Market factors (momentum, volatility) 31

Profitability 0
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 29
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Minaurum Silver Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship project is the Alamos Silver Project, which covers an area of approximately 37,928 hectares in Southern Sonora.

Full company description

Minaurum Silver Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship project is the Alamos Silver Project, which covers an area of approximately 37,928 hectares in Southern Sonora. The company was formerly known as Minaurum Gold Inc. and changed its name to Minaurum Silver Inc. in December 2025. The company was incorporated in 2007 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Minaurum Silver Inc. reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$5.7M in FY2025.

Revenue
FY21 C$0
FY22 C$0
FY23 C$0
FY24 C$0
FY25 C$0
Net income
FY21 −C$7.5M
FY22 −C$6.6M
FY23 −C$7.7M
FY24 −C$3.7M
FY25 −C$5.7M

MGG screens 887% overvalued. Compare with First Majestic Silver Corp →

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Cite: Fair Value Calculator (2026). "Minaurum Silver Inc. Fair Value". https://www.fairvalue-calculator.com/stock/MGG

Peer Group

Materials · 3588 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Silver” was too small, so the broader sector is used.)

Quality Score 48 · Below median
Fair Value upside −90% · Bottom 25%
Return on assets −34% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Materials median · lower = cheaper

P/B 18.49× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Silver stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
First Majestic Silver Corp AG $21.74 $5.78 −73%
Discovery Silver Corp DSV C$12.48 C$3.82 −69%
Aya Gold & Silver Inc AYA C$40.53 C$7.46 −82%
Endeavour Silver Corp EDR C$15.65 C$1.76 −89%
Silvercorp Metals Inc SVM $13.11 $7.70 −41%
Andean Precious Metals Corp APM C$7.04 C$12.33 +75%
Apollo Silver Corp APGO C$3.21 C$0.5200 −84%
Sotkamo Silver AB SOSI1 €0.4290 €0.1700 −60%
Argenta Silver Corp AGAG C$0.5350 C$0.0600 −89%
Excellon Resources Inc EXN C$0.3900 C$0.0600 −85%

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Frequently asked questions

Is Minaurum Silver Inc. (MGG) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$0.0400 versus a price of C$0.3950, about −90% upside (overvalued).
What is the fair value of MGG?
Our model-based fair value for Minaurum Silver Inc. is C$0.0400 (as of Jun 24, 2026), built from audited fundamentals. The current price: C$0.3950.
What is the quality score of MGG?
Minaurum Silver Inc. has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of MGG?
The net profit margin of Minaurum Silver Inc. is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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