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

Investors are pessimistic on the Canadian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 25.0x which is lower than its 3-year average PE of 283x. The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 5.6x.

Which industries have driven the changes within the Canadian Materials industry?

Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 122x. Analysts are expecting annual earnings growth of 11.3%, which is lower than the prior year's growth of 59.1% per year.

Canadian (TSX) Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 15 Jun 2026	CA$891.5b	CA$159.3b	CA$35.6b	14.4x	25x	5.6x
Wed, 13 May 2026	CA$1.0t	CA$152.7b	CA$33.7b	17.6x	29.9x	6.6x
Fri, 10 Apr 2026	CA$985.8b	CA$138.6b	CA$27.2b	18.4x	36.3x	7.1x
Sun, 08 Mar 2026	CA$1.0t	CA$135.9b	CA$25.0b	18.6x	40.6x	7.5x
Tue, 03 Feb 2026	CA$959.8b	CA$125.5b	CA$17.4b	24x	55x	7.6x
Thu, 01 Jan 2026	CA$882.6b	CA$125.4b	CA$17.5b	22.5x	50.5x	7x
Sat, 29 Nov 2025	CA$804.4b	CA$126.8b	CA$18.5b	20.6x	43.5x	6.3x
Mon, 27 Oct 2025	CA$717.2b	CA$118.2b	CA$13.3b	21.2x	53.7x	6.1x
Wed, 24 Sep 2025	CA$713.8b	CA$117.7b	CA$12.0b	21.3x	59.6x	6.1x
Fri, 22 Aug 2025	CA$568.5b	CA$118.7b	CA$12.2b	17.3x	46.7x	4.8x
Sun, 20 Jul 2025	CA$518.2b	CA$109.9b	CA$8.2b	16.2x	63.1x	4.7x
Tue, 17 Jun 2025	CA$523.0b	CA$109.8b	CA$8.2b	15.8x	63.7x	4.8x
Thu, 15 May 2025	CA$423.1b	CA$93.5b	CA$5.5b	13x	77.4x	4.5x
Sat, 12 Apr 2025	CA$441.1b	CA$104.7b	CA$5.1b	13.5x	85.8x	4.2x
Mon, 10 Mar 2025	CA$436.4b	CA$107.1b	CA$3.5b	11.7x	125.7x	4.1x
Wed, 05 Feb 2025	CA$422.9b	CA$111.6b	CA$646.9m	13x	653.7x	3.8x
Fri, 03 Jan 2025	CA$390.4b	CA$112.0b	CA$506.0m	13.4x	771.6x	3.5x
Sun, 01 Dec 2024	CA$414.1b	CA$109.5b	CA$308.2m	13.5x	1343.6x	3.8x
Tue, 29 Oct 2024	CA$445.4b	CA$107.4b	-CA$842,385,563.44	17.2x	-528.8x	4.1x
Thu, 26 Sep 2024	CA$426.2b	CA$104.8b	-CA$438,089,705.46	18x	-972.8x	4.1x
Sat, 24 Aug 2024	CA$405.5b	CA$105.3b	-CA$624,553,421.10	15.7x	-649.2x	3.9x
Mon, 22 Jul 2024	CA$397.5b	CA$104.6b	-CA$25,399,352.55	16.2x	-15649.2x	3.8x
Wed, 19 Jun 2024	CA$369.0b	CA$105.0b	-CA$572,672,775.56	15.6x	-644.3x	3.5x
Fri, 17 May 2024	CA$396.9b	CA$104.6b	-CA$294,597,941.15	18.1x	-1347.3x	3.8x
Sun, 14 Apr 2024	CA$378.6b	CA$103.9b	CA$1.5b	18.2x	251.8x	3.6x
Tue, 12 Mar 2024	CA$322.5b	CA$102.6b	CA$1.3b	14x	252.5x	3.1x
Thu, 08 Feb 2024	CA$304.0b	CA$100.1b	CA$3.1b	12.4x	97.4x	3x
Sat, 06 Jan 2024	CA$340.3b	CA$107.0b	CA$1.7b	13.3x	197x	3.2x
Mon, 04 Dec 2023	CA$346.9b	CA$107.7b	CA$1.7b	13.5x	199.7x	3.2x
Wed, 01 Nov 2023	CA$326.5b	CA$107.0b	CA$1.4b	12.8x	238.3x	3.1x
Fri, 29 Sep 2023	CA$338.0b	CA$105.0b	CA$1.6b	10.6x	212.6x	3.2x
Sun, 27 Aug 2023	CA$354.5b	CA$104.6b	CA$1.4b	11.1x	246.8x	3.4x
Tue, 25 Jul 2023	CA$371.2b	CA$103.5b	CA$2.4b	12.6x	153x	3.6x
Thu, 22 Jun 2023	CA$357.3b	CA$103.5b	CA$2.4b	12.7x	150.6x	3.5x


CA Market	1.37%
Materials	2.11%
Metals and Mining	2.17%
Steel	5.61%
Silver	4.64%
Copper	4.64%
Precious Metals and Minerals	4.14%
Diversified Metals and Mining	3.68%
Gold	1.15%
Aluminum	0%	0

Company	Last Price	7D	1Y	Valuation
FM First Quantum Minerals	CA$43.39	7.2% +CA$2.4b	102.2%	PS4.7x
ABX Barrick Mining	CA$56.25	2.2% +CA$2.0b	93.3%	PE11x
TECK.B Teck Resources	CA$90.61	4.6% +CA$2.0b	70.4%	PE24x
IMG IAMGOLD	CA$23.23	8.3% +CA$1.0b	124.0%	PE9.6x
WPM Wheaton Precious Metals	CA$162.32	1.4% +CA$985.6m	30.2%	PE29.3x

Announcement • Jun 11

Southern Cross Gold Consolidated Ltd. Announces Results from Seven Drill Holes from Apollo and Apollo East Prospect from 100%-Owned Sunday Creek Gold-Antimony Project in Victoria

Southern Cross Gold Consolidated Ltd. announced results from seven drill holes from the Apollo and Apollo East prospect from the 100%-owned Sunday Creek Gold-Antimony Project in Victoria. Best results included 36.6 m @ 6.5 g/t AuEq (4.0 g/t Au, 1.0% Sb) from 700.0 m in drill hole SDDSC202. The true thickness of the mineralized intervals is interpreted to be approximately 55% to 75% of the sampled thickness for all reported holes. These seven holes continue to do what Sunday Creek does best, growing the system in every direction we test. SDDSC202 delivered a standout 36.6 m at 6.5 g/t AuEq with high grade assays up to 493 g/t gold, while SDDSC214W1 has pushed mineralization to the most easterly position yet identified anywhere on the property, opening up new ground at Apollo East. The shallow, antimony-rich results up to 31.3% Sb in SDDSC217 are equally important, confirming strong critical-metal tenor close to surface. With eleven rigs turning and 67 holes pending, we are only accelerating as we drive toward defining the full extent of this exceptional gold-antimony system. Best new intersection of 36.6 m @ 6.5 g/t AuEq (4.0 g/t Au, 1.0% Sb) from 700.0 m in SDDSC202, with high grade assays up to 493 g/t Au and 29.1% Sb, with two previously unmodelled high-grade zones adding to the Apollo East vein architecture. SDDSC214W1 returned the most easterly mineralization identified within the main drill area to date, expanding Apollo East a further 20 m east with intersections on new vein sets including 0.5 m @ 251.4 g/t AuEq (232.0 g/t Au, 8.1% Sb) from 605.2 m and individual assays up to 362.0 g/t Au. Shallowest Apollo East results to date in SDDSC217, a ~97 m updip extension confirming strong antimony tenor near surface, with 0.1 m @ 130.6 g/t AuEq (55.8 g/t Au, 31.3% Sb) from 324.9 m. Mineralization continues to step out and grow at depth and along strike, with seven assays exceeding 100 g/t Au and five exceeding 20% Sb across the holes reported, while eleven rigs and 67 pending holes continue the 200,000 m program to First Quarter 2027. SDDSC202 (Apollo East) – drilled east to west and targeted the Apollo East prospect, intersecting 9 vein sets and 6 high-grade veins, of which 2 were previously not recognised or modelled. 0.2 m @ 58.6 g/t AuEq (34.9 g/t Au, 9.9% Sb) from 538.8 m. 36.6 m @ 6.5 g/t AuEq (4.0 g/t Au, 1.0% Sb) from 700.0 m, including: 2.7 m @ 34.0 g/t AuEq (18.4 g/t Au, 6.5% Sb) from 703.0 m, 1.5 m @ 27.3 g/t AuEq (25.2 g/t Au, 0.9% Sb) from 712.1 m. 0.1 m @ 502.3 g/t AuEq (493.0 g/t Au, 3.9% Sb) from 778.1 m. 1.3 m @ 30.6 g/t AuEq (14.9 g/t Au, 6.6% Sb) from 894.3 m, a 50 m step down from SDDSC145. Individual assays included 493.0 g/t Au, 132.0 g/t Au, 106.0 g/t Au with 25.70% Sb, and 29.10% Sb. SDDSC214 & SDDSC214W1 (Apollo) drilled east to west and targeted the Apollo East and the deeper portions of the Apollo prospect, a daughter hole SDDSC214W1 was completed to achieve appropriate drillhole spacing in Apollo Deeps intersecting 4 vein sets and 3 high-grade vein sets, of which 2 were previously not recognised or modelled, expanding Apollo East 20 m east. 0.5 m @ 251.4 g/t AuEq (232.0 g/t Au, 8.1% Sb) from 605.2 m. 1.2 m @ 17.8 g/t AuEq (13.9 g/t Au, 1.7% Sb) from 596.3 m. 12.1 m @ 4.0 g/t AuEq (3.5 g/t Au, 0.2% Sb) from 634.6 m, including: 1.6 m @ 24.2 g/t AuEq (22.9 g/t Au, 0.5% Sb). 2.2 m @ 45.0 g/t AuEq (44.9 g/t Au, 0.0% Sb) from 991.9 m, including: 0.2 m @ 362.3 g/t AuEq (362.0 g/t Au). Individual assays included 362.0 g/t Au, 232.0 g/t Au with 8.11% Sb, and 207.0 g/t Au. SDDSC217 (Apollo East) was drilled east to west and targeted the shallow upper portion of Apollo East. These results are the shallowest Apollo East results to date and represent a 100 m updip extension. 0.9 m @ 31.0 g/t AuEq (12.6 g/t Au, 7.7% Sb) from 312.3 m, including: 0.3 m @ 84.9 g/t AuEq (33.3 g/t Au, 21.6% Sb). 0.1 m @ 130.6 g/t AuEq (55.8 g/t Au, 31.3% Sb) from 324.9 m. SDDSC212 (Apollo East) – drilled east to west to target upper Apollo and to provide control to up-dip extensions of Apollo East. Better results included: 3.0 m @ 2.1 g/t AuEq (1.6 g/t Au, 0.2% Sb) from 432.0 m. SDDSC204 (Apollo Deeps) – drilled east to west and targeted down-dip extension to Apollo Deeps 50 metres below the current exploration target boundaries: 1.3 m @ 4.5 g/t AuEq (4.4 g/t Au, 0.0% Sb) from 1,095.5 m. 4.5 m @ 1.6 g/t AuEq (1.5 g/t Au, 0.0% Sb) from 1,102.0 m. SDDSC209 (Apollo East) – south-to-north control hole, eastern side of the Goliath fault. Drilled to validate orientation and offsets in the geological model; dyke intersected several times downhole, providing important control for the eastern margin of the Apollo system. Seven (7) individual assays exceeding 100 g/t Au and five (5) individual Sb assays greater than 20% Sb were intersected amongst the seven holes reported showing the continued high-grade growth in Apollo as the exploration continues to step out and expand the known boundaries of the mineralization. Eleven drill rigs are currently operational on the Sunday Creek project. Results are pending from 67 holes currently being processed and analyzed including eleven holes that are actively being drilled and two abandoned hole. The Company continues its ongoing 200,000 m drill program through to First Quarter 2027. The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 16,900 hectares of granted exploration tenements. SXGC is also the freehold landholder of 1,392 hectares that forms the key portion in and around the main drilled area at the Sunday Creek Project. Gold and antimony form in a relay of vein sets that cut across a steeply dipping zone of intensely altered rocks. These vein sets are like a “Golden Ladder” structure where the main host extends between the side rails deep into the earth, with multiple cross-cutting vein sets that host the gold forming the rungs. At Apollo, Golden Dyke and Rising Sun these individual ‘rungs’ have been defined over 600 m depth extent from surface to over 1,200 m below surface, are 2.5 m to 3.5 m wide (median widths) (and up to 10 m), and 20 m to 100 m in strike. Cumulatively, 262 drill holes for 123,974.14 m have been reported from Sunday Creek since late 2020. This amount includes five holes for 929 m that have been drilled for geotechnical purposes and 22 holes for 2,972.92m that were abandoned due to deviation or hole conditions. Fourteen drill holes for 2,383 m have been reported regionally outside of the main Sunday Creek drill area with eleven additional regional holes currently being processed. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s to 2008.

Canadian (TSX) Metals and Mining Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

IMG: Resource Expansion And Ongoing Buybacks Will Drive Future Capital Returns

Hudbay Minerals Greenlit to Repurchase Up to 5% of Shares Through NCIB

Franco-Nevada Achieves Record Q1 Results With Cobre Panama Approval and Board Leadership Update

Lundin Gold Distributes Over 50 Million LunR Shares to Shareholders as Dividend in Kind

Equinox Gold and Orla Mining Announce $18.5 Billion Merger to Create Major Gold Producer

Southern Cross Gold Consolidated Ltd. Announces Results from Seven Drill Holes from Apollo and Apollo East Prospect from 100%-Owned Sunday Creek Gold-Antimony Project in Victoria

Investor sentiment deteriorates as stock falls 16%

Wheaton Precious Metals Reports Record Revenue and Hikes Dividend With Strong Gold-Equivalent Prices

ABX: Buybacks And Portfolio Shift Will Support Future Rerating Potential

BC Supreme Court Calls for New Consultation on Seabridge Gold KSM Project Status

Alamos Gold Posts Record Q1 Revenue and Boosts Dividend as Growth Projects Advance

TECK.B: Merger Approval Delays Will Pressure Elevated Earnings Expectations

CS: Royalty Ruling And Project Execution Will Shape Future Share Repricing

First Quantum Minerals Rises 5% as Panama Audit on Key Copper Mine Nears Completion

First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.21 in 1Q 2025)