Added to YB: 2026-09-10
Pitch date: 2026-09-08
MAI.TO [bullish]
Mining Americas Inc.
-0.47%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Mining Americas Inc. engages in the acquisition, exploration, development, and operation of gold mining properties in North America.
Market Cap
CAD 518.9M
Pitch Price
CAD 6.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.22
P/E
-43.77
EV/Sales
5.04
Sector
Metals and Mining
Category
value
Updates on Mining Americas ($MAI.TO)
MAI.TO (hold): Mining Americas remains a core holding, with additions planned on dips after Cerro de Oro received key federal environmental permits. Despite a ~15% post-news gain, a 5x P/E for producing Pan plus stated project NPVs implies a $2bn+ valuation versus a ~$530mm market cap. Copperstone and Gold Rock are expected to begin production next year, while Pan cash flow, a $75mm revolver and potential warrant proceeds keep dilution risk viewed as minimal.
Read full article (2 min)