Recap: Mexico Exploration Stocks

VC+ Tickerscores: Using 20+ variables, we’ve analyzed 28 exploration companies with their main projects in Mexico. Here are the highlights of the data.

In this report, we classify exploration companies as those that do not yet have a technical report. “Development” and “Production” are the two other categories we use and are covered as separate stages in our system. To learn more about Tickerscores and VC+, click here.

Previous recaps: 53 BC exploration companies and 28 BC development companies

Recap: Mexico Exploration Stocks

Recap: Mexico Exploration Stocks

Today’s recap focuses on Mexico gold and silver exploration stocks that do not yet have a NI 43-101 technical report.

Primary findings include:

  • More insiders are buying than selling. 71.4% of companies had insiders buying YTD.

  • 30% of companies have less than $250,000 in their coffers
  • On average, companies spend close to 60% on General and Administrative expenses (G&A expenses)
  • Management scores were low. Almost 79% of scores were below 50/100.
  • Over 60% of companies will run out of cash in less than 3 months and will have to re-finance
  • 19 companies (68%) received a failing overall grade using our in-house Tickerscores algorithm

Conclusion: Heavy insider buying in these market conditions – especially compared to other jurisdictions – is the one bright side for investing in companies exploring in Mexico.

About VC+ Tickerscores: Tickerscores allows investors to compare precious metals stocks head-to-head using proprietary research combined with data visualization. Tickerscores is 100% independent and each report contains multiple pages comparing companies using financial, management, and project categories.

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