Canadian Materials Undervalued based on future growth

Alamos Gold

Market Cap: CA$18.4b

Operates as a gold producer in Canada and Mexico.

Endeavour Mining

Market Cap: CA$17.5b

Operates as a gold mining company in West Africa.

Eldorado Gold

Market Cap: CA$11.6b

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

China Gold International Resources

Market Cap: CA$9.5b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

G Mining Ventures

Market Cap: CA$9.1b

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

B2Gold

Market Cap: CA$7.6b

Operates as a gold producer company in Canada.

Artemis Gold

Market Cap: CA$7.3b

Engages in the identification, acquisition, and development of gold properties in Canada.

K92 Mining

Market Cap: CA$5.5b

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

Orla Mining

Market Cap: CA$4.8b

Acquires, explores, develops, and exploits mineral properties.

Aris Mining

Market Cap: CA$4.6b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Fortuna Mining

Market Cap: CA$3.7b

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

Wesdome Gold Mines

Market Cap: CA$3.7b

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

Labrador Iron Ore Royalty

Market Cap: CA$1.8b

Through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada.

Chemtrade Logistics Income Fund

Market Cap: CA$1.7b

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

Orezone Gold

Market Cap: CA$1.5b

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

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.

Mako Mining

Market Cap: CA$962.3m

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

Andean Precious Metals

Market Cap: CA$825.4m

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

Galiano Gold

Market Cap: CA$707.9m

Operates as a gold mining company.

Heliostar Metals

Market Cap: CA$460.5m

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

ADF Group

Market Cap: CA$404.0m

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

Sierra Madre Gold and Silver

Market Cap: CA$330.5m

Operates as a precious metal development, extraction, and exploration company in Mexico.

Richards Group

Market Cap: CA$313.7m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.

West Red Lake Gold Mines

Market Cap: CA$268.4m

A mineral exploration company, acquires, explores, evaluates, and develops gold properties in Canada.

Foraco International

Market Cap: CA$266.4m

Provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.

Dynacor Group

Market Cap: CA$262.2m

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

CEMATRIX

Market Cap: CA$73.4m

Through its subsidiaries, manufactures and sells cellular concrete products in North America, Canada, and the United States.