Tier One Silver Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 26, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	33	12	15	39	103	-
Market Cap Growth	120.22%	-21.20%	-61.11%	-62.13%	-	-
Enterprise Value	28	12	15	36	95	-
Last Close Price	0.13	0.07	0.10	0.28	0.82	-
PB Ratio	6.15	23.81	6.37	9.40	21.48	-
P/TBV Ratio	6.15	23.81	6.37	9.40	21.48	-
Net Debt / Equity Ratio	-0.87	-0.34	-0.35	-0.37	-0.54	-0.44
Net Debt / EBITDA Ratio	3.02	0.06	0.17	0.21	0.17	0.85
Net Debt / FCF Ratio	2.23	0.08	0.19	0.22	0.20	0.82
Quick Ratio	8.41	0.21	0.85	1.94	2.42	5.67
Current Ratio	8.62	0.43	1.23	2.86	3.12	5.98
Return on Equity (ROE)	-72.58%	-255.16%	-167.51%	-172.77%	-317.49%	-67.56%
Return on Assets (ROA)	-32.82%	-85.78%	-74.54%	-84.41%	-166.04%	-39.68%
Return on Capital Employed (ROCE)	-38.40%	-384.70%	-201.40%	-172.70%	-339.50%	-52.00%
Earnings Yield	-7.15%	-30.77%	-36.06%	-19.81%	-16.95%	-
FCF Yield	-	-19.05%	-28.00%	-18.19%	-12.86%	-
Buyback Yield / Dilution	-9.82%	-14.02%	-9.90%	-8.12%	-9.98%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.