Has the Canadian Diversified Metals and Mining Industry valuation changed over the past few years?

Investors are optimistic on the Canadian Diversified Metals and Mining industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 221x which is higher than its 3-year average PE of 139x. The 3-year average PS ratio of 25.6x is higher than the industry's current PS ratio of 6.8x.

How does Canadian Diversified Metals and Mining compare with similar industries?

There are no additional sub-industries under this industry.

Canadian (TSX) Diversified Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 14 Sep 2026	CA$163.0b	CA$24.1b	CA$736.6m	20.9x	221.3x	6.8x
Wed, 12 Aug 2026	CA$161.5b	CA$23.8b	CA$1.1b	16.1x	149.8x	6.8x
Fri, 10 Jul 2026	CA$144.9b	CA$21.9b	CA$489.2m	15.1x	296.2x	6.6x
Sun, 07 Jun 2026	CA$158.0b	CA$21.7b	CA$358.2m	15.3x	441.1x	7.3x
Tue, 05 May 2026	CA$157.3b	CA$20.7b	CA$396.7m	17.8x	396.5x	7.6x
Thu, 02 Apr 2026	CA$147.3b	CA$18.9b	-CA$7,577,233.79	19.4x	-19439x	7.8x
Sat, 28 Feb 2026	CA$176.9b	CA$18.6b	-CA$123,017,645.03	19.5x	-1438.2x	9.5x
Mon, 26 Jan 2026	CA$168.2b	CA$18.0b	-CA$327,230,636.64	28x	-513.9x	9.4x
Wed, 24 Dec 2025	CA$136.4b	CA$18.0b	-CA$318,304,675.17	18.6x	-428.4x	7.6x
Fri, 21 Nov 2025	CA$115.7b	CA$18.3b	-CA$158,775,129.80	16.4x	-728.4x	6.3x
Sun, 19 Oct 2025	CA$121.5b	CA$17.5b	-CA$1,240,993,610.31	19.6x	-97.9x	6.9x
Tue, 16 Sep 2025	CA$102.2b	CA$17.4b	-CA$1,273,265,231.53	17.8x	-80.3x	5.9x
Thu, 14 Aug 2025	CA$87.0b	CA$17.2b	-CA$1,370,796,975.04	17.3x	-63.5x	5.1x
Sat, 12 Jul 2025	CA$87.0b	CA$16.7b	-CA$1,545,895,808.14	15.1x	-56.3x	5.2x
Mon, 09 Jun 2025	CA$83.6b	CA$16.7b	-CA$1,355,043,768.50	13.6x	-61.7x	5x
Wed, 07 May 2025	CA$79.8b	CA$16.9b	-CA$1,367,724,702.58	9.9x	-58.3x	4.7x
Fri, 04 Apr 2025	CA$81.8b	CA$16.2b	-CA$2,282,806,766.31	10.9x	-35.8x	5.1x
Sun, 02 Mar 2025	CA$84.0b	CA$16.3b	-CA$2,165,360,875.84	8.8x	-38.8x	5.2x
Tue, 28 Jan 2025	CA$92.0b	CA$23.8b	-CA$253,413,791.83	13x	-363.2x	3.9x
Thu, 26 Dec 2024	CA$93.1b	CA$23.8b	-CA$417,842,746.91	11.9x	-222.7x	3.9x
Sat, 23 Nov 2024	CA$99.5b	CA$23.6b	-CA$405,347,327.63	11.7x	-245.6x	4.2x
Mon, 21 Oct 2024	CA$103.1b	CA$22.4b	-CA$103,443,560.36	18.1x	-996.9x	4.6x
Wed, 18 Sep 2024	CA$93.1b	CA$22.3b	-CA$282,938,962.05	14.9x	-329.2x	4.2x
Fri, 16 Aug 2024	CA$89.0b	CA$22.0b	-CA$461,035,875.83	14.4x	-193x	4x
Sun, 14 Jul 2024	CA$99.9b	CA$21.6b	-CA$300,242,587.19	12.4x	-332.9x	4.6x
Tue, 11 Jun 2024	CA$96.7b	CA$21.6b	-CA$364,349,039.76	14.7x	-265.4x	4.5x
Thu, 09 May 2024	CA$98.8b	CA$21.3b	-CA$305,406,493.74	17x	-323.4x	4.6x
Sat, 06 Apr 2024	CA$90.5b	CA$21.0b	CA$770.6m	20.5x	117.5x	4.3x
Mon, 04 Mar 2024	CA$78.9b	CA$21.0b	CA$669.2m	12.5x	117.9x	3.8x
Wed, 31 Jan 2024	CA$89.8b	CA$23.6b	CA$901.0m	12.2x	99.7x	3.8x
Fri, 29 Dec 2023	CA$91.6b	CA$23.5b	CA$843.2m	13.2x	108.6x	3.9x
Sun, 26 Nov 2023	CA$83.8b	CA$23.7b	CA$791.2m	11.8x	105.9x	3.5x
Tue, 24 Oct 2023	CA$84.5b	CA$24.1b	CA$1.0b	10x	83.6x	3.5x
Thu, 21 Sep 2023	CA$91.7b	CA$24.1b	CA$1.1b	9.8x	79.8x	3.8x


CA Market	-1.83%
Materials	-1.91%
Metals and Mining	-2.04%
Diversified Metals and Mining	-1.58%
Aluminum	0%	0
Gold	-1.79%
Copper	-2.70%
Precious Metals and Minerals	-4.45%
Steel	-5.06%
Silver	-5.20%

Company	Last Price	7D	1Y	Valuation
IVN Ivanhoe Mines	CA$12.80	8.7% +CA$1.5b	-0.2%	PE95.8x
TLO Talon Metals	CA$10.40	36.5% +CA$450.3m	177.3%	PE445.3x
ALS Altius Minerals	CA$66.56	4.0% +CA$150.4m	114.6%	PE13.1x
OM Osisko Metals	CA$1.75	6.7% +CA$98.5m	316.7%	PB40x
NGEX NGEx Minerals	CA$25.67	1.2% +CA$65.1m	12.9%	PB12.8x

Announcement • Sep 04

AbraSilver Reports New Assay Results from Five Holes Completed At Cerro Viejo Target as Part of the Ongoing Phase Vi Exploration Drill Program At Its Wholly-Owned Diablillos Project in Argentina

AbraSilver Resource Corp. reported new assay results from five holes completed at the Cerro Viejo target as part of the ongoing Phase VI exploration drill program at its wholly-owned Diablillos project in Argentina. Cerro Viejo is located approximately 4 km north of the Oculto deposit, where surface channel sampling and earlier reconnaissance drilling identified gold mineralization associated with extensive east-west trending silicified structures extending for approximately 1.5 km. Initial reconnaissance drilling at Cerro Viejo conducted in 2024 returned 36.0 metres grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, including 5.0 m grading 7.22 g/t gold. Follow-up drilling has now confirmed broad zones of shallow, oxide-hosted gold mineralization beginning close to surface, together with copper mineralization in sulphides at depth. These results further highlight the exploration potential of the Diablillos property beyond the Mineral Resources and Mineral Reserves that underpin the recently completed Definitive Feasibility Study. Highlight Drill Results: Widths are reported as drilled; true widths are not yet known. DDH 26-037: 27.0 m of 0.58 g/t gold and 4.6 g/t silver from a downhole depth of only 23 metres, within the oxide zone. DDH 26-043: 7.0 m of 0.53% copper from a downhole depth of 97 m, confirming sulphide copper mineralization beneath the gold-bearing oxide zone. DDH 26-047: 32.0 m of 0.29 g/t gold and 2.8 g/t silver from a downhole depth of only 9 m, followed by 14.0 m of 1.50 g/t gold and 6.2 g/t silver from 54 m, both within the oxide zone. DDH 26-048: 21.0 m grading 0.12 g/t gold and 0.10% copper from a downhole depth of 82 m, and 18.0 m grading 0.13 g/t gold and 0.06% copper from 212 m. Table 1 – Summary of Key Drill Intercepts: Drill Hole Area From (m) To (m) Type Interval (m) Ag (g/t) Au (g/t) Cu (%) DDH-26-037 Cerro Viejo 23.0 50.0 Oxides 27.0 4.6 0.58 - DDH-26-043 Cerro Viejo 97.0 104.0 Sulphides 7.0 - - 0.53 112.0 117.0 Sulphides 5.0 - - 0.15 187.0 190.0 Sulphides 3.0 12.5 0.17 0.57 DDH-26-046 Cerro Viejo 82.0 97.5 Sulphides 15.5 - - 0.10 DDH-26-047 Cerro Viejo 9.0 41.0 Oxides 32.0 2.8 0.29 - 54.0 68.0 Oxides 14.0 6.2 1.50 - DDH-26-048 Cerro Viejo 37.5 50.5 Sulphides 13.0 - - 0.10 81.5 102.5 Sulphides 21.0 1.9 0.12 0.10 212.0 230.0 Sulphides 18.0 1.5 0.13 0.06. All results in this news release are rounded. Assays are uncut & undiluted. Widths are drilled widths, not true widths. True widths are unknown. Cerro Viejo is one of several new exploration areas being systematically tested within the Diablillos property and is located approximately 4 km north of the Oculto deposit. Gold mineralization at Cerro Viejo is hosted within extensive, east-west trending silicified structures that have been traced at surface within a band approximately 0.5 kilometres wide over a strike length of approximately 1.5 kilometres. The mineralization occurs in an epithermal environment interpreted to represent the upper levels of a major porphyry system. Initial reconnaissance drilling at Cerro Viejo in 2024 intersected widespread gold mineralization, including 36.0 m grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, with a higher-grade interval of 5.0 m grading 7.22 g/t gold. Surface chip and channel samples from the associated siliceous outcrops returned gold values including 16.36 g/t, 12.14 g/t, 3.2 g/t and 2.3 g/t gold. Together these results outlined a large zone with potential for shallow gold mineralization, which is the target of the current drill program. The mineralized structures occur within zones of silicification in granitoid rocks that host the underlying porphyry system. The gold-bearing silicification includes areas of vuggy silica and brecciation with alunite-jarosite alteration and appears to be steeply dipping. Oxidation in the area is shallow, and preliminary mineralogical work indicates that gold associated with sulphides (pyrite) largely occurs as fine native metal. Metallurgical testwork has not been completed on mineralization from Cerro Viejo. Cerro Viejo – Near-Surface Oxide Gold Zone (Holes DDH 26-037 and DDH 26-047): Holes DDH 26-037 and DDH 26-047 both intersected broad zones of gold mineralization within the oxide zone from close to surface, with mineralization in hole DDH 26-047 commencing at a downhole depth of only 9 m. Oxidation across the area tested to date is shallow, and the mineralization intersected in these holes is oxide-hosted throughout. Cerro Viejo – Copper Mineralization at Depth (Holes DDH 26-043 and DDH 26-048): Copper values in holes DDH 26-043 and DDH 26-048 occur within sulphides below the oxide zone and are interpreted to represent the deeper parts of steeply dipping mineralized structures. Hole DDH 26-048 is located approximately 500 m northeast of hole DDH 26-043, indicating that mineralization of this style is developed across a substantial area of the property. Phase VI Exploration Update: A total of approximately 12,000 m have been completed in 54 diamond drill holes under the Phase VI exploration program since it commenced in January 2026, of which approximately 1,000 m have been drilled at Cerro Viejo.

Announcement • Sep 03

Wallbridge Mining Company Limited Reports Results from 2026 Fenelon PFS Metallurgical Drilling Program

Wallbridge Mining Company Limited announced final assay results from seven holes completed during the 2026 metallurgical drilling program at the Fenelon Gold Project. These results provide further confidence in the geological and grade continuity of the deposit while delivering the high quality of sample material needed to better characterize gold recovery characteristics and metallurgical performance across the Fenelon deposit. The drilling targeted areas considered for underground mining in the March 2025 Preliminary Economic Assessment and provided representative samples for metallurgical characterization and variability testing in support of the Pre-feasibility Study currently underway. The 2026 metallurgical testing program is a key component of the Fenelon PFS. The program is designed to characterize metallurgical variability and gold recovery performance across the portions of the Fenelon deposit contemplated in the March 2025 PEA. In particular, the testwork will evaluate whether recovery characteristics within areas of the mineral resource contemplated for underground mining may vary materially across different grade ranges and mining periods during the first 15 years of the 16-year PEA life-of-mine plan. The testing program will involve trade-off evaluations comparing gold recoveries from three alternative mineral processing methods including whole ore leach, whole ore leach with carbon, and flotation. Additional tests will be performed to evaluate the suitability of residual tailings material for post-processing dry stack storage as contemplated in the PEA. The results will be used to support the selection of appropriate recovery assumptions, processing parameters, and tailings management criteria for the PFS. The Company has engaged Synectiq Inc., an independent mining consultancy headquartered in Longueuil, Québec, to design and manage the metallurgical testing program, with Base Metallurgical Laboratories Ltd. located in Kamloops, British Columbia, retained to complete the test work program under Synectiq’s direction. Seven dedicated HQ-diameter diamond drill holes totaling 3,144 metres were completed primarily to provide the volume and spatial distribution of mineralized material required for the PFS metallurgical testing program. In addition to supplying material for metallurgical testing, the drilling generated new geological and assay information that will support preparation of an updated mineral resource estimate for the PFS. Drill core intervals selected for metallurgical testing were split into half- and quarter-core samples, with half-core retained for metallurgical testing, one quarter retained for future reference and the remaining quarter submitted for assay in accordance with the Company’s standard analytical and quality assurance/quality control procedures. Metallurgical samples were selected primarily on the basis of gold grade and grouped into low-, medium- and high-grade composites representing each of three five-year periods within the PEA mine schedule, resulting in nine bulk composites for evaluation. The PFS testwork is designed to assess potential variability in gold recovery across these grade ranges and mining periods. A more detailed assessment of metallurgical characteristics by lithology and mineralization style is expected to form part of a subsequent Feasibility Study, subject to successful completion of the PFS. The drilling program has generated a total of 635 kilograms of mineralized material averaging 5.00 g/t Au from areas within the PEA mine plan, approximately 20% more than the minimum required for the planned testwork. An additional 185 kilograms of mineralized material averaging 6.92 g/t Au was collected from drilled intervals peripheral to the current MRE and PEA mine plan for potential use in the current and future metallurgical studies. In total, 820 kilograms of mineralized material has been delivered to Base Met’s testing facility where preparation of the bulk composites is underway. Initial results from the 2026 metallurgical testing program are expected in the latter half of the fourth quarter of 2026. In addition to providing material for metallurgical testing, the seven holes contribute to the broader Fenelon infill drilling program now being ramped up to further de-risk the project through the conversion of Inferred mineral resources to Indicated classification for inclusion in the PFS mine plan and maiden mineral reserve estimate. All seven holes intersected gold mineralization, structural controls and host lithologies consistent with the current geological model for Fenelon, providing further confirmation of geological and grade continuity across the defined mineral resource. Assay results from portions of the holes targeting the PEA mine plan returned multiple significant gold intercepts, including several broad and higher-grade intervals highlighted by 8.27 g/t Au over 16.4 metres in FAL-26-002A, 25.41 g/t Au over 3.6 metres in FAL-26-003 and 10.67 g/t Au over 5.0 metres in FAL-26-005. Additional higher-grade intervals were intersected outside the areas included in the PEA mine plan, including 52.30 g/t Au over 2.1 metres in FAL-26-001, 11.81 g/t Au over 3.6 metres in FAL-26-004 and 25.91 g/t Au over 1.6 metres in FAL-26-007. These intervals represent additional targets for follow-up evaluation within areas scheduled to be tested as part of the planned Fenelon infill drilling program. The 2026 metallurgical program is one of several technical workstreams underway to support completion of the Fenelon PFS. Over the coming months, the Company plans to continue ramping up the larger Fenelon infill drilling program while advancing metallurgical, engineering and other technical trade-off studies aimed at further de-risking the project, upgrading mineral resources for inclusion in the PFS mine plan and supporting the development of a maiden mineral reserve estimate.

Canadian (TSX) Diversified Metals and Mining Industry Analysis

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