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← CockpitCompetitor Analysis › BSX.TO Belo Sun Mining Corp.Open in the cockpit ↗

Belo Sun Mining Corp.BSX.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals
Momentum laggard 9
Mkt cap
$341M
US dollars, full cap
Free float
80%
of shares outstanding
$/day
$579,084
20-day average traded
P/B
10.24×
price to book
ROE
-41.1%
delivered
Implied ROE
163.4%
what the price asks
Next earnings
139 days
25 Mar 2027
Close · CADC$0.86
1D+7.5%
1W+14.7%
1M-27.7%
3M-26.5%
6M-32.3%
YTD+59.3%
1Y+160.6%
ATR %8.7%
52w lowhigh48.0% off high

What Belo Sun Mining does

Employees: 38

Belo Sun Mining at a glance

Size Belo Sun Mining (BSX.TO) is a Canada Materials company (Precious Metals) with a market value of $341M, the 403rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$0.86 on 6 Nov 2026.

Performance Over six months the shares fell 32.3%, against -19.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th lowest of 21 in its peer set.

Valuation It trades at 10.24× book value against a peer median of 2.74× (most expensive of 20).

Price implies The share price implies a return on equity of about 163.4%; Belo Sun Mining delivers -41.1%, so the price asks more than the business earns today.

Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 79BSX.TO 65
Six months, rebased to 100: Belo Sun Mining against the median of its 20 peers (local-currency closes).

Belo Sun Mining financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$46,307-C$38,306-C$37,997-C$144,117-C$46,873
EBITDA-C$13.5M-C$10.3M-C$7.52M-C$6.32M-C$12.7M
Net income-C$13.0M-C$9.79M-C$7.29M-C$10.7M-C$13.3M
Free cash flow-C$9.94M-C$6.63M-C$5.25M-C$4.59M-C$9.81M
Capital expenditure-C$48,350C$44,836C$8,998C$42,173C$15,340
Total debtC$0C$0C$0C$0C$8,921

Quarterly statements and history in the cockpit →

Belo Sun Mining competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-30%-20%-10%0%5TPJAGMAIALTNFVLIDRFMLALDETRXVMMRDSFISHAISDECNGOLDETGVGZITHAMXAUXXBSX.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Belo Sun Mining is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%50%100%00×50×100×5TPJAGMAIALTNPAMPALOIDRFMLALDETRXVMMRDSFISHAISDECNGOLDVGZAMXAUXXBSX.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Belo Sun Mining is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%100%150%0%100%5TPJAGMAIALTNIDRFMLALDEVMMFISHVGZAUXXBSX.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Belo Sun Mining is the large dot.

Belo Sun Mining competitors and peer comparison

How Belo Sun Mining compares with its peers

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.

Belo Sun Mining against its 20 peers (data as of 6 Nov 2026)
MeasureBSX.TOPeer medianRank in peer set
1-month return-27.7%-11.7%2nd lowest of 21
6-month return-32.3%-19.9%4th lowest of 21
Return on equity-41.1%-3.7%lowest of 20
Price / book10.24×2.74×most expensive of 20
ROE the price implies163.4%27.6%most demanding of 20
ROE delivered-41.1%-3.7%lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Belo Sun Mining BSX.TOCanada$341M-32%n/a-41%10.24×163.4%-41.1%
CNMC Goldmine 5TP.SISingapore$342M-24%+54%60%3.79×29.7%60.3%
Jaguar Mining JAG.TOCanada$339M-17%+15%5%1.28×18.7%5.0%
Mining Americas MAI.TOCanada$334M-39%+1,140%-13%2.23×19.9%-12.5%
AltynGold ALTN.LUnited Kingdom$350M-19%+67%50%1.70×27.6%49.8%
Freegold FVL.TOCanada$351M-27%n/a-5%2.10×25.0%-4.8%
Endomines Finland PAMPALO.HEFinland$352M-25%+59%15%4.43×38.4%n/a
Idaho Strategic Resources IDRUnited States$330M-58%+67%26%2.74×23.1%26.4%
Focus Minerals FML.AXAustralia$355M-23%+216%36%1.13×13.6%36.5%
Aldebaran Resources ALDE.VCanada$359M+3%n/a-7%2.80×28.2%-7.3%
TRX Gold TRX.TOCanada$321M-17%+140%-27%3.69×26.7%-27.0%
Viridis Mining and Minerals VMM.AXAustralia$366M+29%n/a-14%5.77×46.0%-13.6%
Radisson Mining Resources RDS.VCanada$371M-6%n/a-4%4.30×46.0%-3.7%
Sailfish Royalty FISH.VCanada$384M+96%+88%130%2.20×7.8%130.5%
Aeris Resources AIS.AXAustralia$385M-20%+22%39%0.74×8.7%38.9%
Deccan Gold Mines DECNGOLD.NSIndia$389M+46%+159%-14%6.94×117.3%n/a
Entree Resources ETG.TOCanada$391M+6%n/an/an/an/an/a
Vista Gold VGZUnited States$401M+22%n/a-26%7.91×71.2%-26.4%
International Tower Hill Mines ITH.TOCanada$405M-39%n/a-3%2.42×27.5%-2.8%
Amex Gold Mining AMX.VCanada$407M-26%n/a-5%2.64×40.4%-4.9%
Gold X2 Mining AUXX.VCanada$409M-32%n/a-36%3.65×54.2%-36.2%

Questions

Which companies are Belo Sun Mining's closest peers?
The cockpit's peer set: CNMC Goldmine (5TP.SI), Jaguar Mining (JAG.TO), Mining Americas (MAI.TO), AltynGold (ALTN.L), Freegold (FVL.TO), Endomines Finland (PAMPALO.HE), Idaho Strategic Resources (IDR), Focus Minerals (FML.AX).
Is Belo Sun Mining expensive compared with its peers?
On price / book it trades at 10.24× against a peer median of 2.74×, most expensive of 20 in its peer set. The share price implies a return on equity of about 163.4%; Belo Sun Mining delivers -41.1%, so the price asks more than the business earns today.
How has Belo Sun Mining stock performed?
Over six months to 6 Nov 2026 the shares returned -32.3% against -19.9% for the median peer; over one year +160.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.