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Size Mining Americas (MAI.TO) is a Canada Materials company (Precious Metals) with a market value of $334M, the 410th largest of 420 Canada companies the cockpit tracks. Shares closed at C$4.26 on 6 Nov 2026.
Performance Over six months the shares fell 39.2%, against -19.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 1,140.1% over the last twelve months (peer median +67.1%); the operating margin is 25.4% (peer median 32.3%).
Valuation It trades at 11.1× forward earnings against a peer median of 7.1× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points above its cost of capital (9.8% WACC).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$144M | C$51.2M | C$8.92M | C$13.4M | C$21.7M |
| Revenue growth | — | +474% | -34% | -38% | — |
| Gross profit | C$51.5M | -C$15.5M | -C$4.10M | -C$7.33M | C$3.21M |
| EBITDA | C$41.8M | -C$22.9M | -C$6.98M | -C$10.0M | C$1.89M |
| Net income | -C$14.9M | -C$42.6M | -C$17.6M | -C$2.86M | C$5.61M |
| Free cash flow | C$26.8M | C$24.5M | -C$10.0M | -C$4.93M | -C$1.76M |
| Capital expenditure | C$20.2M | C$6.56M | C$347,678 | C$365,637 | C$4.37M |
| Total debt | C$63.9M | C$34.8M | C$6.38M | C$6.27M | C$371,966 |
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.
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 | MAI.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -11.7% | 8th lowest of 21 |
| 6-month return | -39.2% | -19.9% | 2nd lowest of 21 |
| Distance from 52-week high | -43.2% | -44.4% | 11th highest of 21 |
| Revenue growth (TTM) | +1,140.1% | +67.1% | highest of 11 |
| Operating margin | 25.4% | 32.3% | 6th highest of 11 |
| Forward P/E | 11.1× | 7.1× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 7.9% | -3.5% | 2nd most demanding of 6 |
| Growth delivered (Del g) | +33.1% | +41.6% | 2nd lowest of 6 |
| Hurdle (Req g minus delivered) | -25.1 pp | -42.9 pp | most demanding of 6 |
| ROIC minus cost of capital | +2.8 pp | -9.6 pp | 7th highest of 19 |
| EV / EBITDA | 11.3× | 4.1× | 3rd most expensive of 9 |
| Net debt / EBITDA | 0.1× | -0.8× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mining Americas MAI.TO | Canada | $334M | -39% | +1,140% | 25% | 11.1× | 7.9% | +33.1% |
| Idaho Strategic Resources IDR | United States | $330M | -58% | +67% | 45% | 14.5× | 8.8% | +49.5% |
| Jaguar Mining JAG.TO | Canada | $339M | -17% | +15% | 23% | 2.7× | n/a | n/a |
| Belo Sun Mining BSX.TO | Canada | $341M | -32% | n/a | n/a | n/a | n/a | n/a |
| CNMC Goldmine 5TP.SI | Singapore | $342M | -24% | +54% | 51% | 9.1× | -14.2% | +38.5% |
| TRX Gold TRX.TO | Canada | $321M | -17% | +140% | 48% | 10.9× | -3.5% | +61.2% |
| AltynGold ALTN.L | United Kingdom | $350M | -19% | +67% | 47% | 4.0× | -1.3% | +41.6% |
| Freegold FVL.TO | Canada | $351M | -27% | n/a | n/a | n/a | n/a | n/a |
| Endomines Finland PAMPALO.HE | Finland | $352M | -25% | +59% | 17% | 13.3× | n/a | n/a |
| Focus Minerals FML.AX | Australia | $355M | -23% | +216% | 42% | n/a | n/a | n/a |
| Aldebaran Resources ALDE.V | Canada | $359M | +3% | n/a | n/a | n/a | n/a | n/a |
| Viridis Mining and Minerals VMM.AX | Australia | $366M | +29% | n/a | n/a | n/a | n/a | n/a |
| Radisson Mining Resources RDS.V | Canada | $371M | -6% | n/a | n/a | n/a | n/a | n/a |
| Sailfish Royalty FISH.V | Canada | $384M | +96% | +88% | 3% | 5.0× | n/a | n/a |
| Aeris Resources AIS.AX | Australia | $385M | -20% | +22% | 22% | 2.8× | -17.5% | +10.2% |
| Deccan Gold Mines DECNGOLD.NS | India | $389M | +46% | +159% | -338% | n/a | n/a | n/a |
| Entree Resources ETG.TO | Canada | $391M | +6% | n/a | n/a | n/a | n/a | n/a |
| Vista Gold VGZ | United States | $401M | +22% | n/a | n/a | n/a | n/a | n/a |
| International Tower Hill Mines ITH.TO | Canada | $405M | -39% | n/a | n/a | n/a | n/a | n/a |
| Amex Gold Mining AMX.V | Canada | $407M | -26% | n/a | n/a | n/a | n/a | n/a |
| Gold X2 Mining AUXX.V | Canada | $409M | -32% | n/a | n/a | n/a | n/a | n/a |