Canadian Materials Undervalued Stocks Based On Cash Flows

Avino Silver & Gold Mines

Market Cap: CA$1.9b

Engages in the acquisition, exploration, and advancement of mineral properties in Mexico.

Equinox Gold

Market Cap: CA$19.3b

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

Orla Mining

Market Cap: CA$8.9b

Acquires, explores, develops, and exploits mineral properties.

Endeavour Mining

Market Cap: CA$22.6b

Operates as a multi-asset gold producer in West Africa.

Fortuna Mining

Market Cap: CA$5.6b

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

Metalla Royalty & Streaming

Market Cap: CA$1.0b

A precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada.

OceanaGold

Market Cap: CA$12.8b

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

New Found Gold

Market Cap: CA$1.3b

A mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.

Major Drilling Group International

Market Cap: CA$1.4b

Provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa.

Almonty Industries

Market Cap: CA$5.9b

Engages in mining, processing, and shipping of tungsten concentrate.