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Re-explores the past-producing Omai gold mine in Guyana, once one of South America's largest gold mines.
Re-explores the past-producing Omai gold mine in Guyana, once one of South America's largest gold mines.
Has no mine in production and so no sales; drilling is paid for by raising money from investors. Its value rests on showing, through new drilling, that the old Omai site can support a restart, in a country where the government controls mining rights.
Moat: narrow (installed base). Controls a past-producing mine with known infrastructure and geology, lowering exploration risk.
Headquarters: Toronto, Canada
Size Omai Gold Mines (OMG.V) is a Canada Materials company (Precious Metals) with a market value of $879M, the 263rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$1.82 on 6 Nov 2026.
Performance Over six months the shares fell 22.7%, against -9.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 20 in its peer set.
Valuation It trades at 25.80× book value against a peer median of 2.65× (most expensive of 21).
Price implies The share price implies a return on equity of about 403.4%; Omai Gold Mines delivers -73.7%, so the price asks more than the business earns today.
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$232,747 | -C$108,059 | -C$64,792 | -C$87,940 | -C$56,814 |
| EBITDA | -C$28.1M | -C$19.7M | -C$7.23M | -C$4.55M | -C$5.41M |
| Net income | -C$26.9M | -C$19.0M | -C$7.91M | -C$4.60M | -C$6.35M |
| Free cash flow | -C$17.9M | -C$15.2M | -C$6.32M | -C$3.41M | -C$5.36M |
| Capital expenditure | C$538,465 | C$313,220 | C$127,449 | C$253,888 | C$0 |
| Total debt | C$0 | C$0 | C$0 | C$0 | C$0 |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Omai Gold Mines OMG.V | $879M | -23% | n/a | -74% | 25.80× | 403.4% |
| G Mining Ventures GMIN.TO | $9.98B | -10% | +72% | 23% | 4.19× | 25.0% |
| Zijin Mining 2899.HK | $111B | -23% | +21% | 38% | 3.13× | 24.6% |
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 | OMG.V | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -9.5% | 6th lowest of 21 |
| 6-month return | -22.7% | -9.2% | 8th lowest of 20 |
| Return on equity | -73.7% | 10.9% | 2nd lowest of 20 |
| Price / book | 25.80× | 2.65× | most expensive of 21 |
| ROE the price implies | 403.4% | 29.7% | most demanding of 21 |
| ROE delivered | -73.7% | 10.9% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | -74% | 25.80× | 403.4% | -73.7% |
| Critical Metals CRML | United States | $864M | -58% | n/a | -105% | 2.51× | 32.2% | -104.7% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | 1% | 2.22× | 21.6% | 1.2% |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 20% | 1.95× | 23.0% | 20.2% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | 34% | 9.20× | 110.5% | 34.4% |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | 9.88× | 157.7% | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | 8% | 0.99× | 13.4% | 7.8% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 21% | 2.79× | 46.7% | 20.8% |
| Dakota Gold DC | United States | $798M | -1% | n/a | -23% | 4.34× | 38.7% | -23.4% |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | -8% | 2.39× | 29.4% | -8.3% |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 63% | 2.01× | 21.9% | 63.3% |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 7% | 9.28× | 35.7% | 7.5% |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 29% | 1.52× | 15.2% | 29.2% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | -9% | 5.52× | 30.0% | -9.2% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | -3% | 6.55× | 94.2% | -3.3% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 23% | 2.81× | 35.2% | 22.7% |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 11% | 2.18× | 22.3% | 10.9% |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 36% | 3.70× | 36.5% | 36.1% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 12% | 2.42× | 21.0% | 12.0% |