Loading…
Canadian gold mine builder/operator running Tocantinzinho in Brazil and developing Oko West in Guyana.
Canadian gold mine builder/operator running Tocantinzinho in Brazil and developing Oko West in Guyana.
Sells gold at the market price from a single operating mine, Tocantinzinho in Brazil, so output and unit costs there decide cash flow. Oko West in Guyana, which it acquired by buying Reunion Gold, is still a project whose construction has to be funded.
Moat: narrow (process know-how, installed base). Track record building and operating mines on time and budget via in-house construction team.
Headquarters: Montreal, Canada · Founded: 2020 · Employees: 1,398
Size G Mining Ventures (GMIN.TO) is a Canada Materials company (Precious Metals) with a market value of $9.98B, the 75th largest of 420 Canada companies the cockpit tracks. Shares closed at C$47.21 on 6 Nov 2026.
Performance Over six months the shares fell 10.3%, against -7.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 72.3% over the last twelve months (peer median +51.1%); the operating margin is 66.0% (peer median 45.7%).
Valuation It trades at 19.4× forward earnings against a peer median of 10.7× (3rd most expensive of 21).
Capital Return on invested capital runs 9.9 points above its cost of capital (8.2% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$899M | C$811M | C$199M | C$0 | C$0 |
| Revenue growth | — | +308% | — | — | — |
| Gross profit | C$617M | C$557M | C$118M | -C$473,764 | -C$96,907 |
| EBITDA | C$667M | C$607M | C$133M | -C$9.72M | -C$6.91M |
| Net income | C$507M | C$402M | C$40.6M | -C$9.69M | -C$2.47M |
| Free cash flow | -C$22.7M | C$156M | -C$112M | -C$83.0M | -C$87.8M |
| Capital expenditure | C$660M | C$432M | C$192M | C$411M | C$124M |
| Total debt | C$46.8M | C$194M | C$165M | C$43.1M | C$43,406 |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| G Mining Ventures GMIN.TO | $9.98B | -10% | +72% | 66% | 19.4× | n/a |
| Endeavour Mining EDV.TO | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% |
| Lundin Gold LUG.TO | $17.0B | +7% | +36% | 65% | 16.0× | 9.9% |
| Montage Gold MAU.TO | $4.79B | +17% | n/a | n/a | 18.4× | n/a |
| Artemis Gold ARTG.V | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% |
| Allied Gold AAUC.TO | $3.24B | -19% | +54% | 32% | 3.9× | n/a |
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.
| Measure | GMIN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.3% | +1.0% | 9th lowest of 21 |
| 6-month return | -10.3% | -7.6% | 10th lowest of 21 |
| Distance from 52-week high | -19.6% | -34.5% | 4th highest of 21 |
| Revenue growth (TTM) | +72.3% | +51.1% | 6th highest of 21 |
| Operating margin | 66.0% | 45.7% | 3rd highest of 21 |
| Forward P/E | 19.4× | 10.7× | 3rd most expensive of 21 |
| ROIC minus cost of capital | +9.9 pp | +13.0 pp | 8th lowest of 21 |
| EV / EBITDA | 20.5× | 8.4× | 2nd most expensive of 18 |
| Net debt / EBITDA | -0.4× | 0.0× | 5th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| G Mining Ventures GMIN.TO | Canada | $9.98B | -10% | +72% | 66% | 19.4× | n/a | n/a |
| Hecla Mining HL | United States | $9.90B | -21% | +30% | 48% | 18.1× | 8.0% | +15.0% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | United States | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% | +17.7% |
| Shanjin International Gold 000975.SZ | China | $10.2B | -6% | -4% | 36% | 15.2× | -5.7% | +16.7% |
| Eldorado Gold ELD.TO | Canada | $9.37B | +11% | +25% | 45% | 7.7× | n/a | n/a |
| IAMGOLD IMG.TO | Canada | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% | +19.1% |
| China Gold International Resources CGG.TO | Canada | $9.08B | +10% | +53% | 56% | 9.7× | 5.2% | +10.4% |
| Chifeng Jilong Gold Mining 6693.HK | Hong Kong | $11.1B | -24% | +29% | 43% | 12.9× | 11.0% | +21.8% |
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Alamos Gold AGI.TO | Canada | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% | +20.3% |
| Equinox Gold EQX.TO | Canada | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% | +17.5% |
| Endeavour Mining EDV.TO | Canada | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% | +25.4% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |
| B2Gold BTO.TO | Canada | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% | +12.3% |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| Zhongjin Gold 600489.SS | China | $15.1B | -20% | +25% | 13% | 11.4× | -5.9% | +10.5% |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |