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StockVS

TSX · Gold · CAD

Mining Americas Inc. (MAI.TO) Stock Analysis

Mining Americas Inc. (MAI.TO) is a Gold stock listed on TSX and quoted in Canadian Dollar.

MAI.TO

CA$6.53

+CA$0.05 (+0.77%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MAI.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$6.30
Previous Close
CA$6.48
Day's Range
6.27–6.72
52-Week Range
3.50–7.50
Volume
614.60K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.41
Valuation
Market Cap
CA$718.13M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
4.34
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
6.96
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.07
Financials (FY)
Revenue (FY)
CA$37.38M+501.71%
Net Income (FY)
−CA$31.13M
Profit marginThe share of revenue left as profit after all costs and taxes.
−9.99%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
109.97M
1-Year Return
+81.39%
Dividend and dates
Avg Volume
314.27K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MAI.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+23.21%
2025+112.00%
2024−21.88%
2023−27.27%
2022−18.52%
2021−20.59%
2020+126.67%
2019+233.33%
2018−50.00%
2017+28.57%
2016 (partial year)−39.13%

As of September 4, 2026.

MAI.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$37.38M−CA$31.13M−83.3%
2024CA$6.21M−CA$12.24M−197.0%
2023CA$10.12M−CA$2.15M−21.3%
2022CA$16.01MCA$4.13M25.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$37.38MCA$14.71M−CA$18.00M−CA$31.13M−83.3%
2024CA$6.21MCA$1.09M−CA$5.15M−CA$12.24M−197.0%
2023CA$10.12MCA$262.99K−CA$8.20M−CA$2.15M−21.3%
2022CA$16.01MCA$5.96MCA$906.61KCA$4.13M25.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MAI.TO Valuation vs Gold Median

Median of 96 stocks
MetricMAI.TOGold medianvs median
P/S ratio6.965.2433% above
Profit margin−9.99%13.01%23.0 pts below

Medians across 96 Gold stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Mining Americas Inc. (MAI.TO) is capitalised at CA$718.13M on the latest close. It is classified in the Gold industry, within the Basic Materials sector.

MAI.TO last closed at CA$6.53 on September 4, 2026. That is +CA$0.05 (+0.77%) against the previous close. The 52-week range on file runs from CA$3.50 to CA$7.50. The latest close sits 86.57% above that 52-week low.

Financial Health

In fiscal 2025, Mining Americas Inc. reported revenue of CA$37.38M. Against the prior fiscal year total of CA$6.21M, that is a change of +501.71%. The same year closed with a net loss of CA$31.13M. Profit margin runs at −9.99%. That is 23 percentage points below the Gold median of 13.01%. Trailing earnings per share are −0.07.

Across the 4 fiscal years on file, revenue moves from CA$16.01M in 2022 to CA$37.38M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 4.34. Measured against sales, the shares trade at 6.96 times revenue. On price-to-sales that is 32.86% above the Gold median of 5.24. The medians here are taken across 96 Gold companies that report the metric.

Over the trailing twelve months the price has returned +81.39%. Across 10 years the annualized return works out at +12.01%. The reported beta is 1.41. Annualized volatility over the trailing 10 years is 69.06%.

Growth & Income

No dividend is on file for MAI.TO.

Across the complete calendar years on file, 2019 returned +233.33% and 2018 returned −50.00%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the price is +23.21%.

Peer Comparison

Mining Americas Inc. (MAI.TO) operates in the Gold industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Mining Americas Inc. MAI.TO CA$718.13M —
Newmont Corporation NEM CA$134.97B 16.4
Agnico Eagle Mines Limited AEM CA$103.67B 17.5
Barrick Mining Corporation ABX.TO CA$101.91B 11.5

The Gold industry average P/E ratio is 14.3x. Mining Americas Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Mining Americas Inc.

Mining Americas Inc. engages in the acquisition, exploration, development, and operation of gold mining properties in North America. The company owns the Pan Operating Complex in White Pine County, Nevada, comprising the producing Pan Mine and the adjacent permitted Gold Rock project. It also owns the Copperstone Project, a permitted underground gold project located in La Paz County, Arizona. In addition, the company maintains a portfolio of mineral assets in Mexico, including the Cerro de Oro gold development project in Zacatecas. The company was formerly known as Minera Alamos Inc. and changed its name to Mining Americas Inc. in June 2026. Mining Americas Inc. was incorporated in 1934 and is headquartered in Toronto, Canada.

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