Canadian Materials Undervalued Small Caps

Dynacor Group

Market Cap: CA$281.1m

Engages in the exploration, development, and mining of minerals properties in Peru.

Heliostar Metals

Market Cap: CA$508.0m

Engages in gold and silver exploration and mining activities in the United States and Mexico.

GoGold Resources

Market Cap: CA$1.4b

Engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.

Galiano Gold

Market Cap: CA$809.8m

Operates as a gold mining company.

Mako Mining

Market Cap: CA$1.0b

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana.

Orezone Gold

Market Cap: CA$1.7b

Engages in the mining, exploration, and development of gold properties.