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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.

Last Updated: October 21, 2026

MAI.TO

CA$4.58

−CA$0.09 (−1.93%)

Oct 21, 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 Oct 21, 2026
Trading
Open
CA$4.69
Previous Close
CA$4.67
Day's Range
4.52–4.69
52-Week Range
3.60–7.50
Volume
192.09K
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.
1.37
Valuation
Market Cap
CA$503.68M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
3.54
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.88
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
+11.71%
Dividend and dates
Earnings Date
November 16, 2026
Avg Volume
419.17K

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

Key facts

As of October 21, 2026, MAI.TO closed at CA$4.58, +11.71% over 1 year.

Mining Americas Inc. (MAI.TO) has a market capitalization of CA$503.68M.

In fiscal 2025, MAI.TO reported revenue of CA$37.38M.

MAI.TO Stock Return by Calendar Year

Mining Americas Inc. (MAI.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$11,171
+11.71%
5 years
CA$10,000 CA$8,327
−16.73%
10 years
CA$10,000 CA$30,533
+205.33%

If you had invested CA$10,000 in Mining Americas Inc. (MAI.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$30,533 at the close on October 21, 2026: +205.33% in total, +11.81% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)−13.58%
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 October 21, 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 93 stocks
MetricMAI.TOGold medianvs median
P/S ratio4.884.567% above
Profit margin−9.99%31.40%41.4 pts below

Medians across 93 Gold stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Mining Americas Inc. (MAI.TO) is capitalised at CA$503.68M on the latest close. It is classified in the Gold industry, within the Basic Materials sector.

MAI.TO last closed at CA$4.58 on October 21, 2026. That is −CA$0.09 (−1.93%) against the previous close. The 52-week range on file runs from CA$3.60 to CA$7.50. The latest close sits 27.22% 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 41.4 percentage points below the Gold median of 31.4%. 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 3.54. Measured against sales, the shares trade at 4.88 times revenue. On price-to-sales that is 7.05% above the Gold median of 4.56. The medians here are taken across 93 Gold companies that report the metric.

Over the trailing twelve months the total return is +11.71%. Across 10 years the annualized return works out at +11.81%. The reported beta is 1.37. Annualized volatility over the trailing 10 years is 68.6%.

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 total return is −13.58%.

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$503.68M —
Newmont Corporation NEM $123.47B 14.8
Agnico Eagle Mines Limited AEM $94.87B 16.0
Barrick Mining Corporation ABX.TO CA$94.18B 10.7

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Gold industry average P/E ratio is 12.3x. 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 daily rebuild. Informational only, not financial advice. As of October 21, 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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