Canadian Materials Potentially Undervalued Companies

Silvercorp Metals

Market Cap: CA$3.4b

Acquires, explores, develops, and mines mineral properties in China.

SSR Mining

Market Cap: CA$10.0b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

IAMGOLD

Market Cap: CA$15.9b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Transcontinental

Market Cap: CA$499.4m

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Andean Precious Metals

Market Cap: CA$1.1b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Fortuna Mining

Market Cap: CA$4.4b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Cascades

Market Cap: CA$1.1b

Produces, converts, and markets packaging and tissue products in Canada and the United States.

B2Gold

Market Cap: CA$9.0b

Operates as a gold producer company in Canada.

Equinox Gold

Market Cap: CA$16.2b

Engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.

Torex Gold Resources

Market Cap: CA$6.3b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Luca Mining

Market Cap: CA$398.9m

Engages in the acquisition, exploration, and development of mineral resource properties in North America.

Interfor

Market Cap: CA$661.0m

Produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally.

OceanaGold

Market Cap: CA$10.5b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

K92 Mining

Market Cap: CA$6.1b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Serabi Gold

Market Cap: CA$242.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Galiano Gold

Market Cap: CA$953.4m

Operates as a gold mining company.

Ero Copper

Market Cap: CA$4.4b

Engages in the exploration, development, and production of mining projects in Brazil.

Eldorado Gold

Market Cap: CA$9.8b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Jaguar Mining

Market Cap: CA$605.8m

A junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.

Allied Gold

Market Cap: CA$5.5b

Explores and produces mineral deposits in Africa.

AirBoss of America

Market Cap: CA$217.8m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Silver Tiger Metals

Market Cap: CA$502.5m

Engages in the exploration and evaluation of mineral properties in Mexico.

ADF Group

Market Cap: CA$319.8m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.

Cerrado Gold

Market Cap: CA$233.4m

Operates as a gold mining and exploration company in Argentina and Canada.

Aimia

Market Cap: CA$250.1m

Operates as a diversified conglomerate in Europe, Asia, Oceania, the Americas, Africa, and the Middle East.

Dynacor Group

Market Cap: CA$259.2m

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

TRX Gold

Market Cap: CA$700.0m

Engages in the exploration, development, and production of mineral property in Tanzania.

Chemtrade Logistics Income Fund

Market Cap: CA$1.9b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

Canfor

Market Cap: CA$1.6b

Operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally.

Thor Explorations

Market Cap: CA$966.5m

Operates as a gold producer and explorer.

Wesdome Gold Mines

Market Cap: CA$4.1b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Algoma Steel Group

Market Cap: CA$490.0m

Produces and sells steel products in Canada, the United States, and internationally.

Nutrien

Market Cap: CA$48.4b

Provides crop inputs and services.

WestBond Enterprises

Market Cap: CA$7.5m

Together with its subsidiary WestBond Industries Inc., engages in the manufacture and sale of disposable paper products for medical, hygienic, and industrial uses in Canada and the United States.

Amex Exploration

Market Cap: CA$576.0m

Engages in the exploration of gold mining properties in Canada.

Imperial Metals

Market Cap: CA$1.4b

Engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada.