The Canadian market is experiencing a complex landscape, with retail sales showing mixed signals and central banks maintaining a cautious stance on interest rates amid geopolitical tensions. In this environment, dividend stocks can offer investors potential stability and income, making them an attractive option as they navigate the uncertainties of 2026.

Top 10 Dividend Stocks In Canada

Name Dividend Yield Dividend Rating
Wajax (TSX:WJX) 4.32% ★★★★★☆
Rogers Sugar (TSX:RSI) 5.62% ★★★★★☆
Pulse Seismic (TSX:PSD) 11.11% ★★★★★☆
Pizza Pizza Royalty (TSX:PZA) 5.94% ★★★★☆☆
Manulife Financial (TSX:MFC) 3.69% ★★★★★☆
IGM Financial (TSX:IGM) 3.37% ★★★★★☆
Hemisphere Energy (TSXV:HME) 5.55% ★★★★☆☆
Firm Capital Mortgage Investment (TSX:FC) 8.33% ★★★★★☆
Canadian Natural Resources (TSX:CNQ) 4.07% ★★★★★☆
AGF Management (TSX:AGF.B) 3.47% ★★★★★☆

Click here to see the full list of 14 stocks from our Top TSX Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

Canadian Natural Resources

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Canadian Natural Resources Limited is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids across Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa with a market cap of CA$126.65 billion.

Operations: Canadian Natural Resources Limited’s revenue segments include Oil Sands Mining and Upgrading (CA$17.45 billion), Exploration and Production – North America (CA$18.95 billion), Midstream and Refining (CA$761 million), Exploration and Production – North Sea (CA$337 million), and Exploration and Production – Offshore Africa (CA$187 million).

Dividend Yield: 4.1%

Canadian Natural Resources offers a reliable dividend yield of 4.07%, supported by a payout ratio of 45.4% and a cash payout ratio of 62.7%. The company has consistently increased its dividends over the past 26 years, recently raising its quarterly dividend to C$0.625 per share. Despite significant insider selling, CNQ’s stable earnings and recent revenue growth bolster its dividend sustainability, while ongoing share buybacks reflect management’s confidence in the company’s financial health.

TSX:CNQ Dividend History as at Apr 2026Olympia Financial Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Olympia Financial Group Inc., with a market cap of CA$289.99 million, operates in Canada as a non-deposit taking trust company through its subsidiary, Olympia Trust Company.

Operations: Olympia Financial Group Inc. generates revenue through several segments, including Investment Account Services (IAS) at CA$77.07 million, Health at CA$10.33 million, Currency and Global Payments (CGP) at CA$5.18 million, Corporate and Shareholder Services (CSS) at CA$4.67 million, Raisr at CA$1.58 million, and Corporate services contributing CA$0.04 million.

Dividend Yield: 5.9%

Olympia Financial Group’s dividend yield of 5.9% ranks in the top 25% of Canadian payers, yet its sustainability is questionable due to a high cash payout ratio of 98.8%. Despite increasing dividends over the past decade, payments have been volatile and not well covered by free cash flows. Recent earnings showed a decline, with revenue at C$98.86 million and net income at C$19.86 million for 2025, impacting future dividend reliability.

TSX:OLY Dividend History as at Apr 2026Alphamin Resources

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.73 billion.

Operations: Alphamin Resources Corp. generates revenue of $620.89 million from the production and sale of tin from its Bisie Tin Mine.

Dividend Yield: 5.8%

Alphamin Resources offers a dividend yield of 5.8%, placing it among the top 25% in Canada. The dividends are well-covered by earnings and cash flows, with payout ratios of 69.3% and 40%, respectively. However, its dividend history is unstable, with payments being volatile over the past four years despite recent growth in earnings to US$147.96 million for 2025 from US$100.78 million previously, suggesting potential for future stability if trends continue positively.

TSXV:AFM Dividend History as at Apr 2026Next Steps

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Contemplating Other Strategies?

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CNQ TSX:OLY and TSXV:AFM.

This article was originally published by Simply Wall St.

Vancouver, British Columbia–(Newsfile Corp. – April 1, 2026) – Lara Exploration Ltd. (TSXV: LRA) (OTC Pink: LRAXF), ("Lara" or the "Company") announces that it has completed its previously announced "best efforts" private placement (the "Brokered Offering") and its concurrent non-brokered private placement (the "Non-Brokered Offering", and collectively with the "Brokered Offering", the "Offering"), for aggregate proceeds to the Company of C$33,750,000 through the issuance of 11,250,000 common shares of the Company (the "Common Shares") at a price of C$3.00 per Common Share (the "Issue Price").

Under the Brokered Offering, the Company issued an aggregate of 6,750,000 Common Shares at the Issue Price for aggregate gross proceeds of C$20,250,000. As part of the Brokered Offering, the Company issued an aggregate of 4,500,000 Common Shares for aggregate gross proceeds of C$13,500,000 (representing approximately 7.3% of Lara's issued and outstanding Common Shares immediately following the completion of the Offering), to Atalaya Mining Copper S.A. (LSE: ATYM), a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain and a FTSE 250 Index constituent. The Brokered Offering was completed pursuant to an agency agreement dated April 1, 2026 among the Company and SCP Resource Finance LP, as lead agent and sole bookrunner, and Stifel Nicolaus Canada Inc. (collectively, the "Agents"). In consideration for their services, the Agents received a cash commission of C$285,300 and a corporate finance fee of C$891,405 (inclusive of HST).

Under the Non-Brokered Offering, the Company issued an aggregate of 4,500,000 Common Shares at the Issue Price for aggregate gross proceeds of C$13,500,000.

The Company plans to use the net proceeds of the Offering to advance its Planalto Copper-Gold Project, as well as for general corporate and working capital purposes.

All securities issued in connection with the Offering are subject to a hold period expiring on August 2, 2026 under applicable Canadian securities laws. The Offering remains subject to final acceptance of the TSX Venture Exchange.

Certain insiders of the Company (collectively, the "Related Parties) participated in and subscribed for an aggregate of 515,000 Common Shares under the Brokered Offering. As a result, the Brokered Offering constituted a "related party transaction" within the meaning of Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions under sections 5.5(a)and 5.7(1)(a) of MI 61-101 in respect of the formal valuation and minority shareholder approval requirements in respect of the Related Parties' participation in the Brokered Offering under MI 61-101, on the basis that, as at the closing of the Brokered Offering, neither the fair market value of the Common Shares issued in connection with the Brokered Offering, nor the fair market value of the consideration received by the Company therefor, insofar as it involved the Related Parties, exceeded 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the closing of the Brokered Offering as details of the Related Parties' participation in the Brokered Offering had not been settled and the Company wished to complete the Brokered Offering in an expeditious manner.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and the securities laws of any applicable state of the United States, or an exemption from the registration requirements thereof is available.

About Lara Exploration:

Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining province in northern Brazil.

The Company currently also holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information and can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. This news release contains forward-looking information, including statements relating to the Brokered and Non-Brokered Offering, including statements in respect of the intended use of proceeds, and the receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing of funding to advance the development of the Planalto Project and pursue planned exploration and development; future spot prices of copper, gold and other minerals; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include changes in the Company's share price, future prices and the supply of metals, the future demand for metals, negative operating cash flow and dependence on third party financing; uncertainty of additional financing; reliance on key management and other personnel; actual results of exploration activities being different than anticipated; changes in exploration programs based upon results; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents; effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; general business, economic, competitive, political and social uncertainties, environmental risks; changes in laws and regulations; community relations, including in respect of any negotiations with landowners relating to access rights, and delays in obtaining governmental or other approvals and the other risk factors set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Not for distribution to United States newswire services or dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290881

This press release is issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues

Vancouver, British Columbia–(Newsfile Corp. – March 23, 2026) – In accordance with the requirements of Section 3.1 of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Acquiror") announces that, in connection with the closing of the Property Option Agreement (the "Agreement") with Golcap Resources Corp. (CSE: GCP) (the "Issuer"), it has acquired 4,000,000 Common Shares of the Issuer at a deemed price of $0.25 per Common Share.

Immediately before the closing of the Agreement, Lara held no Common Shares in the capital of the Issuer, and after the closing, Lara held 4,000,000 Common Shares, representing 12.55% of the Issuer's issued and outstanding Common Shares.

The shares acquired by Lara are being held in escrow pursuant to the terms of the Agreement, and under certain circumstances may be returned to treasury and cancelled. See the Issuer's news release dated December 3, 2025.

Lara acquired such Common Shares for investment purposes and may, from time to time, acquire additional securities of the Issuer or dispose of such securities as it may deem appropriate, on the basis of its assessment of market conditions and in compliance with applicable securities regulatory requirements. A copy of the early warning report filed by Lara may be obtained on the Issuer's SEDAR+ profile at www.sedarplus.ca.

For further information please contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289555

Vancouver, British Columbia–(Newsfile Corp. – February 25, 2026) – Lara Exploration Ltd. (TSXV: LRA) (OTC Pink: LRAXF), ("Lara" or the "Company") invites our stakeholders, including potential Join-Venture Partners, prospectors, and investors to visit the Lara Exploration team at our booth #2700 at the Prospectors Developers Association of Canada ("PDAC") convention from March 1st to March 4th, 2026. Chairman Miles Thompson, President & CEO Simon Ingram, VP Corporate Development Christopher MacIntyre, and Liam Keane will be in attendance to meet with our stakeholders, identify new ideas, and discuss new partnerships. Please reach out to Liam Keane, liam@laraexploration.com or +1 (416) 871-9103 if you would like to schedule a meeting with a member of our team while at PDAC.

Lara is focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil, with an open-pitable Mineral Resource detailed in a NI 43-101 Technical Report filed on October 17, 2024. Scoping studies completed in 2025 are detailed in NI 43-101 Preliminary Economic Assessment, results of which were published on October 21, 2025.

Lara has maintained the Prospect and Royalty Generator business model for the rest of its portfolio, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty.

The Company has entered into an agreement with Mining Stock Education LLC ("MSE") of Detroit, Michigan, to provide certain investor communication services to the Company for a period of 12 months. Payment will be made quarterly for an aggregate payment of US$84,000. Apart from such agreement, MSE has no interest, direct or indirect, in the Company or its securities, or any right or intent to acquire such an interest.

About Lara Exploration

Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining district in northern Brazil. Based on the recent Planalto PEA report 1, it is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing 8 Mtpa via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third-party smelters. During the first 6 years, the PEA (Note 1) production schedule produces on average 36 kt (79 million lb) of copper and 7200 oz of gold per year, and over an 18-year mine life, Planalto will produce 560 kt (1.2 billion lb) of copper and 111,000 oz of gold. The project is located on private farmland, 4 km from the state highway with high tension powerlines alongside and close to two major Carajás mining towns within excellent infrastructure.

Note 1: A NI 43.101 Preliminary Economic Assessment (PEA) and Mineral Resource Estimate are detailed in reports filed on SEDAR+ (www.sedarplus.ca) on November 17, 2025 and October 17, 2024 respectively. The PEA is preliminary in nature, and it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and, as such, there is no certainty that the PEA results will be realized.

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285334

Sydney, Australia–(Newsfile Corp. – February 24, 2026) – Visit Venari Minerals NL (ASX: VMS) at Booth #3150 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.

About Venari Minerals NL

Venari Minerals is a Nevada-focused explorer advancing America's newest high-grade sedimentary lithium discovery.

About PDAC

The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.

The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.

For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.

We look forward to seeing you there.

For further information:

Venari Minerals NLMatthew Healy+61431683952matt@venariminerals.comhttps://venariminerals.com/

As the Bank of Canada prepares to hold interest rates steady at 2.25%, signs of cooling price pressures provide a modest boost to the Canadian economy. In such a climate, investors often look beyond large-cap stocks for opportunities, turning their attention to smaller or newer companies that might offer untapped potential. Penny stocks, despite being an outdated term, remain relevant as they highlight companies with robust financials and clear growth trajectories; we’ve identified three such stocks that could present compelling opportunities for those seeking hidden value in the market.

Top 10 Penny Stocks In Canada

Name Share Price Market Cap Financial Health Rating
Westbridge Renewable Energy (TSXV:WEB) CA$1.90 CA$50.05M ★★★★★★
Cannara Biotech (TSXV:LOVE) CA$1.79 CA$171.45M ★★★★★★
Sailfish Royalty (TSXV:FISH) CA$4.15 CA$320.27M ★★★★★★
Zoomd Technologies (TSXV:ZOMD) CA$1.16 CA$117.93M ★★★★★★
Medexus Pharmaceuticals (TSX:MDP) CA$2.84 CA$94.15M ★★★★☆☆
CEMATRIX (TSX:CEMX) CA$0.35 CA$54.65M ★★★★★★
Thor Explorations (TSXV:THX) CA$1.78 CA$1.2B ★★★★★★
Pulse Seismic (TSX:PSD) CA$3.78 CA$192.72M ★★★★★★
Caldwell Partners International (TSX:CWL) CA$0.90 CA$26.78M ★★★★★★
Hemisphere Energy (TSXV:HME) CA$2.09 CA$196.18M ★★★★★★

Click here to see the full list of 369 stocks from our TSX Penny Stocks screener.

Let’s review some notable picks from our screened stocks.

Green Shift Commodities

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Green Shift Commodities Ltd. is engaged in the investment, exploration, and development of uranium, lithium, and battery commodity minerals in South America and Canada, with a market cap of CA$11.02 million.

Operations: Green Shift Commodities Ltd. has not reported any specific revenue segments.

Market Cap: CA$11.02M

Green Shift Commodities Ltd., with a market cap of CA$11.02 million, is pre-revenue and unprofitable, reflecting challenges common in exploratory sectors. Despite this, the company benefits from no debt and sufficient cash runway for over three years based on current free cash flow trends. The board of directors has an average tenure of 3.6 years, indicating experienced leadership. However, its share price remains highly volatile compared to most Canadian stocks, and its negative return on equity highlights ongoing profitability issues. Short-term assets exceed liabilities significantly, providing some financial stability amidst operational uncertainties.

TSXV:GCOM Debt to Equity History and Analysis as at Jan 2026Lara Exploration

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Lara Exploration Ltd. is engaged in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$128.79 million.

Operations: Lara Exploration Ltd. does not report any revenue segments.

Market Cap: CA$128.79M

Lara Exploration Ltd., with a market cap of CA$128.79 million, is pre-revenue and unprofitable, reflecting its focus on exploratory mining activities in South America. The company has no debt and maintains a cash runway for over a year under current conditions. Recent updates highlight potential resource expansion at the Atlantica exploration license in Brazil, with promising copper intersections identified through ongoing sampling efforts. Despite negative return on equity, experienced management and board leadership support strategic exploration initiatives. Short-term assets significantly exceed liabilities, offering financial stability as Lara advances its mineral projects toward development stages.

TSXV:LRA Financial Position Analysis as at Jan 2026Nuvau Minerals

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Nuvau Minerals Inc. focuses on acquiring, evaluating, and exploring mining properties in Canada, with a market cap of CA$51.27 million.

Operations: Nuvau Minerals Inc. currently does not report any specific revenue segments.

Market Cap: CA$51.27M

Nuvau Minerals Inc., with a market cap of CA$51.27 million, is pre-revenue and focuses on mining exploration in Canada. The company reported a net loss of CA$3.1 million for the recent quarter, reflecting its unprofitable status. Despite having no debt and short-term assets exceeding liabilities (CA$4.7M vs CA$3.1M), Nuvau faces financial challenges with less than a year of cash runway if current cash flow trends persist. Its board lacks experience, averaging 1.1 years in tenure, which may impact strategic direction as it navigates its exploratory phase without significant revenue streams.

TSXV:NMC Debt to Equity History and Analysis as at Jan 2026Summing It All Up

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:GCOM TSXV:LRA and TSXV:NMC.

This article was originally published by Simply Wall St.

As the Canadian market navigates a period of steady interest rates and cooling inflation, small-cap stocks have been lagging behind their larger counterparts, creating an intriguing landscape for investors seeking potential opportunities. In this environment, identifying undiscovered gems requires a keen focus on companies with strong fundamentals and promising growth prospects that can thrive despite broader market rotations.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name Debt To Equity Revenue Growth Earnings Growth Health Rating
Pulse Seismic NA 13.62% 30.86% ★★★★★★
Itafos 20.68% 9.86% 37.00% ★★★★★★
Soma Gold 37.84% 26.84% 22.13% ★★★★★★
Mako Mining 5.29% 37.41% 60.51% ★★★★★★
Melcor Developments 47.67% 8.75% 12.05% ★★★★☆☆
Corby Spirit and Wine 54.56% 11.67% -4.04% ★★★★☆☆
Dundee 1.46% -35.04% 52.59% ★★★★☆☆
Kiwetinohk Energy 23.09% 21.68% 30.98% ★★★★☆☆
Golconda Gold 5.79% 23.57% 35.09% ★★★★☆☆
Grown Rogue International 37.38% 28.22% 14.92% ★★★★☆☆

Click here to see the full list of 49 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

We’re going to check out a few of the best picks from our screener tool.

Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp. is involved in the production and sale of tin concentrate, with a market capitalization of approximately CA$1.79 billion.

Operations: Alphamin generates revenue primarily from the production and sale of tin concentrate, reporting $574.22 million from its Bisie Tin Mine. The company’s financial performance is highlighted by a net profit margin of 31%.

Alphamin Resources, a notable player in the tin mining sector, has seen its debt to equity ratio decrease from 31.4% to 9% over five years, indicating improved financial health. With a price-to-earnings ratio of 11.1x below the Canadian market average of 17.4x, it presents good value compared to peers. The company reported earnings growth of 29.1% annually over the past five years and recently achieved annual tin production aligned with guidance at 18,576 tonnes for FY2025 despite operational disruptions earlier in the year due to security concerns. Leadership changes are underway as CEO Maritz Smith retires, with CFO Eoin O’Driscoll stepping up as his successor in March 2026.

TSXV:AFM Earnings and Revenue Growth as at Jan 2026Mako Mining

Simply Wall St Value Rating: ★★★★★★

Overview: Mako Mining Corp. is involved in gold mining and exploration operations in Nicaragua, with a market capitalization of CA$870.09 million.

Operations: Mako Mining generates revenue primarily from the production of gold, amounting to $126.93 million.

Mako Mining showcases robust financial health with earnings growing 60.5% annually over five years and a reduced debt-to-equity ratio from 89.1% to 5.3%. The company is trading at a significant discount, valued at 64.3% below its estimated fair value, while maintaining high-quality earnings and positive free cash flow. Recent developments include an updated mineral resource estimate for the Moss Mine Gold Project, revealing substantial gold and silver reserves, enhancing project economics due to unencumbered silver ounces post-bankruptcy acquisition adjustments. With interest payments covered by EBIT at 73.8 times, Mako appears financially sound despite not outpacing industry growth rates recently.

TSXV:MKO Earnings and Revenue Growth as at Jan 2026Santacruz Silver Mining

Simply Wall St Value Rating: ★★★★★★

Overview: Santacruz Silver Mining Ltd. is involved in acquiring, exploring, developing, producing, and operating mineral properties in Latin America with a market capitalization of CA$1.98 billion.

Operations: Revenue is primarily generated from the Porco, Bolivar, Zimapan, San Lucas, and Caballo Blanco Group segments, with Zimapan contributing $93.41 million and San Lucas $89.89 million. The company’s net profit margin shows variability across periods without consistent trends observed in the data provided.

Santacruz Silver Mining, a nimble player in the metals sector, boasts a price-to-earnings ratio of 24.1x, undercutting the industry average of 27.9x. Despite recent challenges with a net profit margin dipping to 19.5% from last year’s 54.4%, it continues to hold more cash than its total debt, showcasing financial resilience. The company reported silver equivalent production of over 14 million ounces for 2025 but faced an earnings contraction of -57.6%. However, EBIT covers interest payments comfortably at 107 times, suggesting solid operational efficiency amidst significant insider selling recently observed.

TSXV:SCZ Debt to Equity as at Jan 2026Summing It All Up

Ready To Venture Into Other Investment Styles?

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:AFM TSXV:MKO and TSXV:SCZ.

As the Bank of Canada prepares to meet, investors are closely watching for signs that current interest rates will continue to support the Canadian economy amidst cooling price pressures. In this environment, dividend stocks on the TSX can offer stability and income potential, making them an attractive option for those seeking reliable returns in a market characterized by cautious monetary policy.

Top 10 Dividend Stocks In Canada

Name Dividend Yield Dividend Rating
Transcontinental (TSX:TCL.A) 3.88% ★★★★★☆
Toronto-Dominion Bank (TSX:TD) 3.32% ★★★★★☆
Pulse Seismic (TSX:PSD) 12.34% ★★★★★☆
Power Corporation of Canada (TSX:POW) 3.51% ★★★★★☆
Olympia Financial Group (TSX:OLY) 6.21% ★★★★★☆
National Bank of Canada (TSX:NA) 3.00% ★★★★★☆
Great-West Lifeco (TSX:GWO) 3.79% ★★★★★☆
Firm Capital Mortgage Investment (TSX:FC) 8.39% ★★★★★☆
Canadian Imperial Bank of Commerce (TSX:CM) 3.41% ★★★★★☆
Bank of Montreal (TSX:BMO) 3.56% ★★★★★☆

Click here to see the full list of 19 stocks from our Top TSX Dividend Stocks screener.

We’ll examine a selection from our screener results.

Canadian Imperial Bank of Commerce

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Canadian Imperial Bank of Commerce is a diversified financial institution offering a range of financial products and services to personal, business, public sector, and institutional clients across Canada, the United States, and internationally, with a market cap of CA$117.57 billion.

Operations: Canadian Imperial Bank of Commerce generates revenue from Canadian Personal and Business Banking (CA$10.27 billion), Capital Markets and Direct Financial Services (CA$5.94 billion), U.S. Commercial Banking and Wealth Management (CA$3.04 billion), and Canadian Commercial Banking and Wealth Management (CA$6.74 billion).

Dividend Yield: 3.4%

Canadian Imperial Bank of Commerce offers a stable dividend with a payout ratio of 45%, ensuring dividends are well covered by earnings. Although its current yield of 3.41% is lower than the top Canadian dividend payers, it remains reliable and has grown over the past decade. Recent fixed-income offerings indicate robust financial management, while earnings have shown significant growth, enhancing its capacity to sustain and potentially increase future dividends.

TSX:CM Dividend History as at Jan 2026Suncor Energy

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Suncor Energy Inc. is an integrated energy company operating in Canada, the United States, and internationally with a market cap of CA$83.97 billion.

Operations: Suncor Energy Inc.’s revenue segments include Oil Sands at CA$25.06 billion, Refining and Marketing at CA$30.57 billion, and Exploration and Production at CA$2.03 billion.

Dividend Yield: 3.4%

Suncor Energy’s dividend is supported by a 53.1% payout ratio and a low cash payout ratio of 36%, indicating strong coverage from earnings and cash flows. Despite recent volatility, dividends have grown over the past decade. Trading at 14.9% below fair value suggests potential upside, though its yield of 3.42% lags behind top Canadian payers. Recent debt financing of $1 billion aims to manage existing liabilities, reflecting prudent financial management amidst fluctuating profit margins.

TSX:SU Dividend History as at Jan 2026Alphamin Resources

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Alphamin Resources Corp. and its subsidiaries focus on the production and sale of tin concentrate, with a market capitalization of approximately CA$1.79 billion.

Operations: Alphamin Resources Corp. generates revenue primarily from the production and sale of tin concentrate, amounting to $574.22 million.

Dividend Yield: 5.5%

Alphamin Resources’ dividend is covered by earnings and cash flows, with a payout ratio of 81.9% and a cash payout ratio of 46.2%. Despite being in the top 25% for yield in Canada, its dividend history is unstable due to volatility over its four-year payment period. The company’s P/E ratio of 11.1x suggests good value compared to the Canadian market average. Recent executive changes may impact future strategic direction but production guidance remains positive with an increase expected in tin output for 2026.

TSXV:AFM Dividend History as at Jan 2026Key Takeaways

Interested In Other Possibilities?

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CM TSX:SU and TSXV:AFM.

This article was originally published by Simply Wall St.

Aftermath Silver Ltd. (V.AAG) Hit a new 52-Week High of $1.165. Aftermath announced last week it has completed the acquisition of the Berenguela silver-copper-manganese project

Barrick Mining Corporation (T.ABX) Hit a new 52-Week High of $68.67. Monday, the headline was “Gold skies to new all-time high as Federal Reserve threat rattles markets.”

Agnico Eagle Mines Limited (T.AEM) Hit a new 52-Week High of $275.71. Last Friday, Agnico Eagle rose 2.5% on volume of 1,462,175 shares Alphamin Resources Corp. (V.AFM) Hit a new 52-Week High of $1.31. Last Monday, Alphamin announced that Paul Baloyi has resigned as a director of the Company effective January 31, 2026

Altius Minerals Corporation (T.ALS) Hit a new 52-Week High of $45.10. Last week, Altius updated its Project Generation business activities and its public junior equities portfolio. The market value of equities in the portfolio at December 31, 2025 was $49.3 million, compared to $44.0 million at September 30, 2025. Net portfolio investment of approximately $1.3 million was completed during the quarter.

Arizona Sonoran Copper Company Inc. (T.ASCU) Hit a new 52-Week High of $5.33. Arizona Sonoran announced it had been granted the Dust Permit from the Pinal County Air Quality Division and based on the Pre-Feasibility Study issued in November 2025.

Amerigo Resources Ltd. (T.ARG) Hit a new 52-Week High of $5.31. Last week, Amerigo said its Board of Directors declared a performance dividend in the amount of Cdn$0.05 per share, payable on January 15, 2026, to shareholders of record as of December 17, 2025.

Centerra Gold Inc. (T.CG) Hit a new 52-Week High of $22.13. The Company will host a conference call and webcast to discuss the results on Friday February 20, at 9:00 a.m. Eastern Time.

Canada Nickel Company Inc. (V.CNC) Hit a new 52-Week High of $1.82. Canada Nickel announced an updated mineral resource estimate for its 100% owned Reid Nickel Sulphide Project located near Timmins, Ontario. Measured & Indicated Resource: Increased 46% to 2.1 million tonnes contained nickel (0.87 billion tonnes @ 0.23% Ni), including a higher-grade domain of 0.77 billion tonnes @ 0.25% Ni.

Diversified Royalty Corp. (T.DIV) Hit a new 52-Week High of $3.91. Diversified Royalty has approved a cash dividend of $0.02375 per common share for the period of January 1, 2026 to January 31, 2026, which is equal to $0.285 per common share on an annualized basis.

Read:

DPM Metals Inc. (T.DPM) Hit a new 52-Week High of $47.46. DPM has filed a technical report for its Coka Rakita gold project in Serbia

New Earth Resources Corp. (C.EATH) Hit a new 52-Week High of 86 cents. Late last week, New Earth outlined its planned exploration program for the SL Project, a property prospective for rare earth elements in the Strange Lake area of Quebec.

Endurance Gold Corporation (V.EDG) Hit a new 52-Week High of 39 cents. Late last week, Endurance announced, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation, it has engaged Generation IACP Inc. to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Endeavour Silver Corp. (T.EDR) Hit a new 52-Week High of $14.67. Late last week, the company announced the production of 6,486,661 oz of silver and 37,164 oz of gold in 2025.

Canoe EIT Income Fund Trust Units (T.EIT.UN) Hit a new 52-Week High of $16.12. Early last week, Canoe announces the January 2026 monthly distribution of $0.10 per unit. Unitholders of record on January 22, 2026, will receive distributions payable on February 13, 2026.

Barrick Mining Corporation (T.ABX) Hit a new 52-Week High of $66.93. Clene announces registered direct offering of over $28M

Agnico Eagle Mines Limited (T.AEM) Hit a new 52-Week High of $264.37. Agnico Eagle will release its fourth-quarter and full-year 2025 results on Thursday, February 12, 2026, after normal trading hours.

Alphamin Resources Corp. (V.AFM) Hit a new 52-Week High of $1.24. This week, Alphamin announced Paul Baloyi has resigned as a director of the Company effective January 31. Mr. Baloyi has served on the board since April 2017.

Aris Mining Corporation (T.ARIS) Hit a new 52-Week High of $23.72. Aris has updated the Segovia mineral reserve and resource estimates with an effective date of November 28, 2025.

Aritzia Inc. (T.ATZ) Hit a new 52-Week High of $130.02. Aritzia reports third-quarter Net revenue increased 42.8% to $1.04 billion, with comparable sales2 growth of 34.3%. Adjusted EBITDA increased 52.2% to $207.6 million.

BuildDirect.Com Technologies Inc. (V.BILD) Hit a new 52-Week High of $3.39.

Bank of Montreal (T.BMO) Hit a new 52-Week High of $185.25. BMO reports no news stories today.

Brunswick Exploration Inc. (V.BRW) Hit a new 52-Week High of 31.5 cents. Brunswick announced a maiden, open-pit Mineral Inferred Resource Estimate of 52.2 million tonnes grading 1.08% Li2O and 131ppm Ta2O5 for its wholly owned Mirage Project located in the Eeyou Istchee Baie-James region of Quebec.

Baytex Energy Corp. (T.BTE) Hit a new 52-Week High of $4.64. Baytex rose 7.3% Thursday on volume of 24,952,122 shares

Read:

CAE Inc. Unlimited (T.CAE) Hit a new 52-Week High of $45.32. Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has accepted the first of two flight simulators developed in partnership with CAE.

Cameco Corporation (T.CCO) Hit a new 52-Week High of $152.57. Cameco will present at Goldman Sachs Energy, CleanTech & Utilities Conference.

Centerra Gold Inc. (T.CG) Hit a new 52-Week High of $21.57. Centerra will release its fourth quarter 2025 operating and financial results, as well as 2026 guidance and 2025 year-end estimates for mineral reserves and mineral resources, after the market closes on Thursday February 19, 2026.

Chemtrade Logistics Income Fund Trust Units (T.CHE.UN) Hit a new 52-Week High of $15.22. Chemtrade this week issued 2026 guidance and raised its monthly distributions.

CT Real Estate Investment Trust Units (T.CRT.UN) Hit a new 52-Week High of $16.89. CT REIT is scheduled to host an earnings conference call regarding fourth quarter and full year 2025 results, on Wednesday, February 18.

Alphamin Resources Corp.

Grand Baie, MAURITIUS, Jan. 05, 2026 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company” or “Alphamin”) announced today that Mr. Paul Baloyi has resigned as a director of the Company effective January 31, 2026. Mr. Baloyi has served on the board since April 2017 as an appointee of the Industrial Development Corporation of South Africa Ltd. (IDC) and the board of directors wishes to thank him for his contributions to Alphamin during his tenure.

FOR MORE INFORMATION, PLEASE CONTACT:

Charles Needham                                                                Chairman                                                Alphamin Resources Corp.                                                Tel: +230 269 4166E-mail: msmith@alphaminresources.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

As the Canadian market navigates a complex landscape of sector-specific opportunities, investors are advised to focus on diversification, particularly within the energy, industrials, and materials sectors. In this context, penny stocks—often seen as relics of past market eras—continue to hold potential for growth and affordability when backed by strong financial health. This article explores several promising penny stocks on the TSX that combine balance sheet strength with long-term potential.

Top 10 Penny Stocks In Canada

Name Share Price Market Cap Financial Health Rating
Westbridge Renewable Energy (TSXV:WEB) CA$2.17 CA$54.35M ★★★★★★
Canso Select Opportunities (TSXV:CSOC.A) CA$4.75 CA$21.97M ★★★★★★
Sailfish Royalty (TSXV:FISH) CA$3.25 CA$247.83M ★★★★★★
Zoomd Technologies (TSXV:ZOMD) CA$1.18 CA$115.41M ★★★★★★
Montero Mining and Exploration (TSXV:MON) CA$0.415 CA$3.47M ★★★★★★
CEMATRIX (TSX:CEMX) CA$0.345 CA$50.24M ★★★★★★
Thor Explorations (TSXV:THX) CA$1.29 CA$858.23M ★★★★★★
Automotive Finco (TSXV:AFCC.H) CA$1.20 CA$23.19M ★★★★★★
Pulse Seismic (TSX:PSD) CA$3.28 CA$166.37M ★★★★★★
Hemisphere Energy (TSXV:HME) CA$1.96 CA$186.41M ★★★★★★

Click here to see the full list of 388 stocks from our TSX Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

Kenorland Minerals

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Kenorland Minerals Ltd. focuses on acquiring and exploring mineral properties in North America, with a market cap of CA$207.54 million.

Operations: The company generates revenue through the exploration of mineral properties, amounting to CA$3.43 million.

Market Cap: CA$207.54M

Kenorland Minerals Ltd., with a market cap of CA$207.54 million, remains pre-revenue despite generating CA$3.43 million in revenue from mineral exploration activities. The company is debt-free and benefits from an experienced management team with an average tenure of 3.9 years. Recent announcements highlight the maiden Inferred Mineral Resource at the Regnault gold deposit, part of the Frotet Project in Quebec, revealing 2.55 Moz of gold with significant expansion potential due to low discovery costs and extensive high-grade mineralization beyond current resource boundaries. Kenorland’s strategic partnerships and exploration initiatives suggest potential for future growth within its projects across North America.

TSXV:KLD Debt to Equity History and Analysis as at Dec 2025Lara Exploration

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Lara Exploration Ltd. engages in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$116.62 million.

Operations: Lara Exploration Ltd. has not reported any specific revenue segments.

Market Cap: CA$116.62M

Lara Exploration Ltd., with a market cap of CA$116.62 million, remains pre-revenue and operates without debt, supported by an experienced management team. Recent developments include the Preliminary Economic Assessment (PEA) for its Planalto Copper-Gold Project in Brazil, projecting significant copper and gold production over an 18-year mine life. The PEA suggests promising economic indicators like a net present value of US$378 million but hinges on future metal prices and successful conversion of mineral resources to reserves. Despite current losses, Lara’s strategic location within Brazil’s well-supported mining district offers potential advantages in project development and operation efficiency.

TSXV:LRA Financial Position Analysis as at Dec 2025Viva Gold

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Viva Gold Corp. is involved in the acquisition, exploration, and development of precious metal properties in the United States with a market cap of CA$27.65 million.

Operations: Viva Gold Corp. has not reported any revenue segments.

Market Cap: CA$27.65M

Viva Gold Corp., with a market cap of CA$27.65 million, is pre-revenue and operates debt-free, supported by an experienced management team with an average tenure of 8.1 years. Recent activities include a non-brokered private placement to raise up to CA$3 million, potentially enhancing its cash runway beyond the current five months based on free cash flow estimates. The company’s board is seasoned, and short-term assets exceed both short- and long-term liabilities, indicating sound financial positioning despite unprofitability and negative return on equity due to lack of revenue-generating operations at this stage.

TSXV:VAU Financial Position Analysis as at Dec 2025Seize The Opportunity

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:KLD TSXV:LRA and TSXV:VAU.

This article was originally published by Simply Wall St.

Vancouver, British Columbia–(Newsfile Corp. – December 3, 2025) – Golcap Resources Corp. (CSE: GCP) (the "Company" or "Golcap") announces that, further to its news release of October 14, 2025, it has issued the initial 4,000,000 common shares of Golcap at a deemed price of $0.25 per share (the "Initial Share Issuance") in connection with an option to acquire up to a 100% interest in the Itaituba Vanadium Titanium Project located in the Tapajos Mineral Province of northern Brazil from Lara Exploration Ltd. (TSXV: LRA) ("Lara"), pursuant to the terms of an option agreement originally entered into between Mineral Road Partners Inc. ("MRP") and Lara on August 25, 2025 (the "Option Agreement") which has been assigned to Golcap. The shares issued are subject to a four month and one day hold period expiring April 4, 2026.

The Initial Share Issuance will be held in escrow pending approval of the final exploration report submitted by Lara concerning the Itaituba Project (the "Final Exploration Report") by the Brazilian Agency of Mines ("ANM"). Upon receipt of approval by the ANM, the Initial Share Issuance will be released from escrow and Golcap and Lara will execute a definitive property agreement further documenting the terms described in the October 14th news release. If the ANM does not approve the Final Exploration Report, the Option Agreement will terminate and the Initial Share Issuance will be cancelled and returned to Golcap's treasury.

The Company also announces that it has entered into a Debt Settlement Agreement dated November 25, 2025 (the "Settlement Agreement") with an arm's length creditor to settle an outstanding debt totalling $75,600.00 (the "Debt Settlement"). Pursuant to the Settlement Agreement, the Company will issue an aggregate of 200,000 common shares at a deemed price of $0.378 per share. The Debt Settlement is subject to approval by the Canadian Securities Exchange and all shares issued in connection with Debt Settlement will be subject to a hold period of four months and one day in accordance with applicable securities laws. The Board of Directors has determined that completing the Debt Settlement is in the best interests of the Company as it will preserve cash for working capital purposes.

FOR FURTHER INFORMATION CONTACT:

Christopher ReynoldsInterim Chief Executive Officer

Garry StockDirector

Golcap Resources Corp.Telephone: 778-819-3793

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276847

As Canada’s market navigates a period of subdued short-term growth, influenced by slower consumer spending and interest rate adjustments, investors are keenly observing the landscape for small-cap opportunities. In this environment, identifying stocks with strong fundamentals and resilience to economic fluctuations can be crucial for uncovering hidden gems that may thrive despite broader market uncertainties.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Pulse Seismic

NA

13.62%

30.86%

★★★★★★

Itafos

20.68%

9.86%

37.00%

★★★★★★

Auxly Cannabis Group

31.30%

19.03%

31.64%

★★★★★★

Mako Mining

5.29%

37.41%

60.51%

★★★★★★

Melcor Developments

47.67%

8.75%

12.05%

★★★★☆☆

Corby Spirit and Wine

54.56%

11.67%

-4.04%

★★★★☆☆

Queen’s Road Capital Investment

7.68%

-3.30%

-0.82%

★★★★☆☆

Dundee

1.46%

-35.04%

52.59%

★★★★☆☆

Soma Gold

142.85%

31.11%

38.09%

★★★★☆☆

Goldmoney

48.12%

-46.91%

0.88%

★★★★☆☆

Click here to see the full list of 42 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

GoGold Resources

Simply Wall St Value Rating: ★★★★★★

Overview: GoGold Resources Inc. is involved in the exploration, development, and production of silver, gold, and copper mainly in Mexico with a market capitalization of CA$912.15 million.

Operations: GoGold Resources generates revenue from the production of gold and other precious metals, amounting to $64.81 million.

GoGold Resources, a nimble player in the mining sector, has shown impressive strides with a 45% increase in silver equivalent production to 2.15 million ounces for the year ending September 2025. The company recently announced a CAD 125 million Composite Units Offering, reflecting robust investor interest. Despite significant insider selling over the past three months, GoGold remains debt-free and boasts high-quality earnings. Its recent exploration at the Los Ricos South Project revealed promising assay results that extend known mineral zones, indicating potential for further growth and expansion in its mining operations.

TSX:GGD Debt to Equity as at Nov 2025Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrate, with a market capitalization of CA$1.34 billion.

Operations: Alphamin Resources generates revenue primarily from the production and sale of tin concentrate, amounting to $574.22 million. The company’s market capitalization stands at CA$1.34 billion.

Alphamin Resources is gaining attention with its consistent performance and strategic moves. The company reported a net income of US$35.08 million for Q3 2025, up from US$32.94 million the previous year, despite sales dipping slightly to US$169.27 million from US$174.55 million. Over the past five years, earnings have grown at an impressive rate of 29% annually, supported by high-quality earnings and a debt-to-equity ratio reduction from 31% to 9%. Recent board changes reflect strategic alignment with major shareholders, while production guidance for FY2025 has been revised upwards to between 18,000 and 18,500 tonnes of tin.

TSXV:AFM Earnings and Revenue Growth as at Nov 2025Santacruz Silver Mining

Simply Wall St Value Rating: ★★★★★★

Overview: Santacruz Silver Mining Ltd. is a company involved in the acquisition, exploration, development, production, and operation of mineral properties in Latin America with a market capitalization of CA$873.27 million.

Operations: Santacruz Silver Mining Ltd. generates revenue primarily from its mineral properties, with significant contributions from Zimapan ($90.00 million), SAN Lucas ($88.04 million), and Bolivar ($82.69 million). The company also sees financial input from Porco and Caballo Blanco Group, while accounting for eliminations related to inter-company and joint operations.

Santacruz Silver Mining, a nimble player in the metals sector, is currently trading at 61.9% below its estimated fair value, with revenue projected to grow by 15.99% annually. Despite facing a dip in profit margins from 48.5% to 20%, the company has turned its negative shareholder equity around over five years and now boasts more cash than total debt, indicating financial resilience. Recent production results showed a slight decrease in silver output but an increase in copper production to 839 tonnes for the year-to-date period compared to last year’s figures. The appointment of Bruce Wolfson brings seasoned expertise as Santacruz advances its high-grade Soracaya Project toward full construction, aiming to bolster its Bolivian operations further.

TSXV:SCZ Debt to Equity as at Nov 2025Summing It All Up

  • Embark on your investment journey to our 42 TSX Undiscovered Gems With Strong Fundamentals selection here.

  • Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.

  • Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

Want To Explore Some Alternatives?

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:GGD TSXV:AFM and TSXV:SCZ.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Vancouver, British Columbia–(Newsfile Corp. – November 28, 2025) – Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that the purchase and sale agreement with Atlantica do Brasil Mineração Ltda. ("Atlantica") announced on October 14, 2025, has closed.

The Company's wholly owned Brazilian subsidiary has now acquired an exploration license adjacent to Lara's Planalto Copper-Gold Project in the Carajás Mineral Province in northern Brazil. The 345-hectare license lies along strike from and has the potential to add to Lara's Silica Cap resource.

On closing, the Company issued 164,777 common shares to Atlantica at a deemed price of CAD$2.2758 per share, such shares to be subject to a voluntary hold period of one year following closing.

Lara has agreed to drill a minimum of 2,000 metres and to prepare a NI-43-101-compliant Technical Report ("TR") by the end of 2027. Under the terms agreed with Atlantica, Lara will make the following additional staged payments, based predominantly upon exploration success:

  • By December 2027, Lara will pay a Success Fee equivalent to US$0.06/lb of copper contained in Measured and Indicated Resources in the TR.

  • By December 2028, Lara will pay an additional Success Fee on the same terms on any additional Measured and Indicated Resources included in an updated TR.

  • On any additional Measured and Indicated Resources estimated in any subsequent TR after the end of 2028, the Success Fee will be calculated at a rate of US$0.08/lb of copper.

  • The Success Fee can be paid in installments annually, in either cash or Lara shares at Lara's discretion, with a maximum of US$1.25 million due in any one year. There is a minimum payment of US$500,000 regardless of the resource size discovered due at the end of 2027. It is a condition of the acquisition that Atlantica will not become an insider of Lara as a result of the receipt of shares of Lara under the Agreement, and Lara will not issue more than 5,000,000 shares to Atlantica without the prior approval of the TSX Venture Exchange.

    Atlantica and an underlying vendor will each be entitled to a 1% net smelter return royalty on any production derived from the license.

    About Lara Exploration

    Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining district in northern Brazil. It is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing 8 Mtpa via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third-party smelters. During the first 6 years, the PEA production schedule produces on average 36 kt (79 million lb) of copper and 7.2 koz of gold per year, and over an 18-year mine life, Planalto will produce 560 kt (1.2 billion lb) of copper and 111 koz gold. The project is located on private farmland, 4 km from the state highway with high tension powerlines alongside and close to two major Carajás mining towns within excellent infrastructure. A NI 43.101 Preliminary Economic Assessment and Mineral Resource Estimate are detailed in reports filed on November 17, 2025 and October 17, 2024 respectively. The Company also holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

    For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    Cautionary Statement on Forward-Looking Information

    This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the Planalto Copper-Gold Project, including, among other things, the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an economic basis; the preparation of a Preliminary Economic Assessment; the conduct of additional drilling; and upgrading of current mineral resource estimates.

    Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing of funding to advance the development of the Planalto Project and pursue planned exploration and development; future spot prices of copper, gold and other minerals; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. There is no assurance that all or any of the Warrants will be exercised. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276199

    The Canadian market has been navigating a landscape of shifting business models, particularly in the tech sector, where asset-heavy investments in AI infrastructure are becoming more prominent. Amidst these trends, diversification remains crucial for investors seeking balanced portfolios. Penny stocks, though an outdated term, still hold relevance as they often represent smaller or newer companies with potential for growth and value. In this article, we explore three such penny stocks that demonstrate financial strength and could offer intriguing opportunities for those looking beyond the larger market players.

    Top 10 Penny Stocks In Canada

    Name

    Share Price

    Market Cap

    Financial Health Rating

    Westbridge Renewable Energy (TSXV:WEB)

    CA$2.05

    CA$53.85M

    ★★★★★★

    Canso Select Opportunities (TSXV:CSOC.A)

    CA$4.50

    CA$21.61M

    ★★★★★★

    Zoomd Technologies (TSXV:ZOMD)

    CA$1.75

    CA$187.39M

    ★★★★★★

    Montero Mining and Exploration (TSXV:MON)

    CA$0.39

    CA$3.34M

    ★★★★★★

    Thor Explorations (TSXV:THX)

    CA$1.15

    CA$718.52M

    ★★★★★★

    Automotive Finco (TSXV:AFCC.H)

    CA$1.12

    CA$22M

    ★★★★★★

    Rio2 (TSX:RIO)

    CA$2.18

    CA$945.72M

    ★★★★★☆

    Pulse Seismic (TSX:PSD)

    CA$2.86

    CA$145.67M

    ★★★★★★

    Hemisphere Energy (TSXV:HME)

    CA$2.19

    CA$203.61M

    ★★★★★★

    Matachewan Consolidated Mines (TSXV:MCM.A)

    CA$0.75

    CA$10.23M

    ★★★★★★

    Click here to see the full list of 410 stocks from our TSX Penny Stocks screener.

    Below we spotlight a couple of our favorites from our exclusive screener.

    Lara Exploration

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: Lara Exploration Ltd. is engaged in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$128.78 million.

    Operations: Lara Exploration Ltd. does not report specific revenue segments.

    Market Cap: CA$128.78M

    Lara Exploration Ltd. is a pre-revenue company with a market cap of CA$128.78 million, focusing on mineral properties in Brazil, Peru, and Chile. Recent developments include the Preliminary Economic Assessment for its Planalto Copper-Gold deposit in Brazil, which forecasts significant copper and gold production over an 18-year mine life. Despite being unprofitable with declining earnings over the past five years, Lara remains debt-free and has sufficient cash runway for more than a year. The management team is experienced, and there has been no meaningful shareholder dilution recently. The company’s short-term assets significantly exceed its liabilities.

    TSXV:LRA Debt to Equity History and Analysis as at Nov 2025Mene

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: Mene Inc. designs, manufactures, and markets 24 karat gold and platinum jewelry worldwide with a market cap of CA$46.77 million.

    Operations: The company’s revenue is derived from its Jewelry & Watches segment, which generated CA$27.47 million.

    Market Cap: CA$46.77M

    Mene Inc., with a market cap of CA$46.77 million, operates in the jewelry sector, generating CA$27.47 million in revenue from its Jewelry & Watches segment. Despite being unprofitable with a negative return on equity of -1.86%, the company has managed to reduce losses by 30.2% annually over five years and maintains a stable cash runway exceeding three years due to positive free cash flow growth. Mene’s short-term assets (CA$17.7M) comfortably cover both its short-term and long-term liabilities, while it remains debt-free, reflecting prudent financial management amidst high share price volatility.

    TSXV:MENE Debt to Equity History and Analysis as at Nov 2025Yorbeau Resources

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: Yorbeau Resources Inc. is involved in the acquisition, development, and exploration of mineral properties in Canada with a market cap of CA$30 million.

    Operations: The company generates revenue primarily from its mining exploration activities, amounting to CA$0.06 million.

    Market Cap: CA$30M

    Yorbeau Resources Inc., with a market cap of CA$30 million, is pre-revenue, generating CA$0.06 million from its exploration activities. The company has recently turned profitable, reporting a net income of CA$0.4017 million for the first nine months of 2025. It operates debt-free and maintains a strong financial position with short-term assets far exceeding liabilities. Despite high share price volatility, Yorbeau’s return on equity stands at an impressive 26.9%, and it trades at a favorable price-to-earnings ratio of 3.3x compared to the Canadian market average, suggesting potential value for investors seeking speculative opportunities in penny stocks.

    TSX:YRB Debt to Equity History and Analysis as at Nov 2025Key Takeaways

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include TSXV:LRA TSXV:MENE and TSX:YRB.

    This article was originally published by Simply Wall St.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Alphamin Resources Corp.

    GRAND BAIE, MAURITIUS, Aug. 07, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the appointment of two new directors, the declaration of an interim FY2025 dividend and the filing of its unaudited condensed consolidated financial statements and accompanying Management’s Discussion and Analysis (“MD&A”) for the quarter and six months ended 30 June 2025 on SEDAR+ at www.sedarplus.ca.

    Appointment of Directors

    Following its acquisition of a 56% shareholding in the Company completed on July 22, 2025, International Resources Holding’s (IRH) subsidiary, Alpha Mining Ltd, requested the appointment of two additional directors to the Board of Alphamin.

    The Board has appointed, subject to regulatory approval, Mr. Ravi Sharma (Chief Operating Officer of IRH) and Mr. Abhinay Khowala (Group Chief Financial Officer of IRH) as additional directors of the Company and looks forward to their respective contributions to the Company’s continued success.

    Mr. Sharma is the Chief Operating Officer at International Resources Holding. With 36 years in the mining industry, he has worked across multiple continents gaining extensive experience in a range of commodities. He is a JORC Competent Person and an NI 43 101 Qualified Person for Mineral Resource Estimates.

    Mr. Khowala is the Group Chief Financial Officer at International Resources Holding. He is a finance professional with over 20 years of experience in financial management, strategic planning, and corporate governance across the mining and logistics sectors. Mr. Khowala is a qualified Chartered Accountant from The Institute of Chartered Accountants of India.

    Interim FY2025 Dividend Declared

    The Board has declared an interim FY2025 cash dividend of CAD$0.07 per share on the common shares (approximately US$65 million in the aggregate) (the “Dividend”). The Dividend will be payable on September 15, 2025 to shareholders of record as of the close of business on August 29, 2025.

    The Board intends to consider a further top-up FY2025 dividend in November 2025, taking into account the Company’s financial position and prevailing market conditions.

    The Company, together with its new majority shareholder, wishes to reaffirm Alphamin’s objectives of declaring semi-annual dividends and to grow its globally significant tin production base by increasing the intensity of exploration efforts in order to significantly add to the current life of mine as well as focus on grassroots exploration in search of tin deposits in close proximity to the Bisie mine.

    FOR MORE INFORMATION, PLEASE CONTACT:

    Maritz Smith                                                                CEO                                Alphamin Resources Corp.                                                Tel: +230 269 4166E-mail: msmith@alphaminresources.com

     

    CAUTION REGARDING FORWARD LOOKING STATEMENTS

    Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, intention to review a possible future dividend declaration in November 2025. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions.  Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Such factors include, without limitation: uncertainties regarding logistics and the timing of supplier responses to orders;  uncertainties with respect to social, community and environmental impacts, adverse political events and risks of security related incidents which may impact the operation, outbound roads used to transport product and consumables or the safety of our people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties and tax payments; the speculative nature of mineral exploration and development as well as “Risk Factors” included elsewhere in Alphamin’s public disclosure documents filed on and available at www.sedarplus.ca.

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The Canadian market is currently navigating a landscape where inflation pressures are influenced by both goods and services, with services showing signs of moderation. Amid these economic conditions, investors often seek stocks that appear undervalued relative to their intrinsic value, presenting potential opportunities for growth despite broader market uncertainties.

    Top 10 Undervalued Stocks Based On Cash Flows In Canada

    Name

    Current Price

    Fair Value (Est)

    Discount (Est)

    West Fraser Timber (TSX:WFG)

    CA$96.21

    CA$174.60

    44.9%

    Triple Flag Precious Metals (TSX:TFPM)

    CA$31.76

    CA$48.59

    34.6%

    TerraVest Industries (TSX:TVK)

    CA$167.03

    CA$310.01

    46.1%

    OceanaGold (TSX:OGC)

    CA$18.91

    CA$34.82

    45.7%

    Magellan Aerospace (TSX:MAL)

    CA$17.22

    CA$26.79

    35.7%

    K92 Mining (TSX:KNT)

    CA$14.37

    CA$22.79

    36.9%

    Ivanhoe Mines (TSX:IVN)

    CA$10.65

    CA$20.16

    47.2%

    Exchange Income (TSX:EIF)

    CA$65.99

    CA$97.92

    32.6%

    Endeavour Mining (TSX:EDV)

    CA$42.21

    CA$71.51

    41%

    Blackline Safety (TSX:BLN)

    CA$6.25

    CA$10.17

    38.5%

    Click here to see the full list of 21 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.

    We’re going to check out a few of the best picks from our screener tool.

    Alphamin Resources

    Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrate and has a market cap of CA$1.20 billion.

    Operations: The company’s revenue is primarily derived from the production and sale of tin concentrate from its Bisie Tin Mine, amounting to $539.16 million.

    Estimated Discount To Fair Value: 29.1%

    Alphamin Resources appears undervalued based on cash flows, trading at 29.1% below its estimated fair value of CA$1.32, with a current price of CA$0.94. Despite an unstable dividend track record, the company has shown significant earnings growth of over 100% in the past year and is expected to continue growing at a rate faster than the Canadian market. The recent acquisition by Alpha Mining Ltd for CAD 500 million could further impact its valuation dynamics positively or negatively depending on integration outcomes and strategic direction post-acquisition.

    TSXV:AFM Discounted Cash Flow as at Aug 2025VersaBank

    Overview: VersaBank offers a range of banking products and services in Canada and the United States, with a market cap of CA$515.10 million.

    Operations: VersaBank generates revenue from its Digital Banking Canada segment, which accounts for CA$96.26 million, and its DRTC division, focused on cybersecurity services and financial technology development, contributing CA$9.24 million.

    Estimated Discount To Fair Value: 22.4%

    VersaBank is trading at CA$15.84, below its fair value estimate of CA$20.40, suggesting it may be undervalued based on cash flows. Despite recent shareholder dilution and significant insider selling, the bank’s earnings are forecast to grow substantially at 61.8% annually over the next three years, outpacing the Canadian market average. Recent executive changes could impact strategic direction as Susan McGovern steps in as interim CEO amidst ongoing structural realignment efforts.

    TSX:VBNK Discounted Cash Flow as at Aug 2025West Fraser Timber

    Overview: West Fraser Timber Co. Ltd. is a diversified wood products company involved in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, other residuals and renewable energy with a market cap of CA$7.59 billion.

    Operations: West Fraser Timber’s revenue is primarily derived from Lumber ($2.60 billion), North America Engineered Wood Products ($2.51 billion), Pulp & Paper ($318 million), and Europe Engineered Wood Products ($474 million).

    Estimated Discount To Fair Value: 44.9%

    West Fraser Timber is trading at CA$96.21, significantly below its estimated fair value of CA$174.6, indicating it may be undervalued based on cash flows. Despite recent quarterly losses and reduced sales, the company forecasts substantial earnings growth of 52.87% annually over the next three years. Recent buybacks and a renewed $1 billion credit facility enhance financial flexibility, although return on equity is expected to remain modest at 9.2%.

    TSX:WFG Discounted Cash Flow as at Aug 2025Make It Happen

    • Get an in-depth perspective on all 21 Undervalued TSX Stocks Based On Cash Flows by using our screener here.

    • Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

    • Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

    Curious About Other Options?

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include TSXV:AFM TSX:VBNK and TSX:WFG.

    This article was originally published by Simply Wall St.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    With recent economic data showing a slight uptick in unemployment rates and moderated inflation pressures, both the U.S. and Canadian markets are navigating through a period of cautious optimism. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for investors looking to weather market fluctuations while benefiting from regular payouts.

    Top 10 Dividend Stocks In Canada

    Name

    Dividend Yield

    Dividend Rating

    Sun Life Financial (TSX:SLF)

    4.22%

    ★★★★★☆

    Russel Metals (TSX:RUS)

    3.93%

    ★★★★★☆

    Royal Bank of Canada (TSX:RY)

    3.47%

    ★★★★★☆

    Power Corporation of Canada (TSX:POW)

    4.38%

    ★★★★★☆

    National Bank of Canada (TSX:NA)

    3.29%

    ★★★★★☆

    IGM Financial (TSX:IGM)

    5.01%

    ★★★★★☆

    Canadian Imperial Bank of Commerce (TSX:CM)

    3.92%

    ★★★★★☆

    Bank of Montreal (TSX:BMO)

    4.26%

    ★★★★★☆

    Atrium Mortgage Investment (TSX:AI)

    9.54%

    ★★★★★☆

    Acadian Timber (TSX:ADN)

    6.47%

    ★★★★★☆

    Click here to see the full list of 24 stocks from our Top TSX Dividend Stocks screener.

    Below we spotlight a couple of our favorites from our exclusive screener.

    Magna International

    Simply Wall St Dividend Rating: ★★★★★☆

    Overview: Magna International Inc. manufactures and supplies vehicle engineering, contract, and automotive components with a market cap of CA$16.08 billion.

    Operations: Magna International Inc.’s revenue segments include Power & Vision at $15.13 billion, Body Exteriors & Structures at $16.32 billion, Seating Systems at $5.64 billion, and Complete Vehicles at $5.06 billion.

    Dividend Yield: 4.7%

    Magna International’s dividend payments are well-supported by both earnings and cash flows, with a payout ratio of 45.3% and a cash payout ratio of 33.3%. The company has consistently provided dividends over the past decade, demonstrating stability and reliability. Despite trading at a discount to its estimated fair value, Magna’s dividend yield of 4.69% is below the Canadian market’s top tier payers. Recent earnings growth further supports its dividend sustainability.

    TSX:MG Dividend History as at Aug 2025Suncor Energy

    Simply Wall St Dividend Rating: ★★★★☆☆

    Overview: Suncor Energy Inc. is an integrated energy company operating in Canada, the United States, and internationally with a market cap of CA$66.12 billion.

    Operations: Suncor Energy Inc.’s revenue segments comprise CA$25.80 billion from Oil Sands, CA$31.36 billion from Refining and Marketing, and CA$2.17 billion from Exploration and Production.

    Dividend Yield: 4.2%

    Suncor Energy’s recent approval of a quarterly dividend of C$0.57 per share highlights its commitment to returning value to shareholders, supported by a payout ratio of 46.1% and cash payout ratio of 31.1%. While the dividend yield is lower than the top Canadian payers, Suncor’s dividends are covered by earnings and cash flows despite past volatility. The company reported record upstream production in Q1 2025, with net income rising to C$1.69 billion amidst ongoing share buybacks totaling C$3.26 billion since February 2024.

    TSX:SU Dividend History as at Aug 2025Alphamin Resources

    Simply Wall St Dividend Rating: ★★★★☆☆

    Overview: Alphamin Resources Corp., along with its subsidiaries, is involved in the production and sale of tin concentrate and has a market cap of CA$1.20 billion.

    Operations: Alphamin Resources Corp. generates revenue primarily from the production and sale of tin from its Bisie Tin Mine, amounting to $539.16 million.

    Dividend Yield: 9.5%

    Alphamin Resources’ dividend yield of 9.49% places it among the top Canadian payers, but its four-year history shows volatility and unreliability. Despite a payout ratio of 77% and a cash payout ratio of 63.3%, which cover dividends, the company’s track record raises concerns about sustainability. Recent operational restarts have improved production levels, with Q1 2025 earnings rising to US$23.64 million from US$20.71 million year-over-year, suggesting potential for future stability in dividend payments.

    TSXV:AFM Dividend History as at Aug 2025Next Steps

    • Unlock our comprehensive list of 24 Top TSX Dividend Stocks by clicking here.

    • Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

    • Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

    Looking For Alternative Opportunities?

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include TSX:MG TSX:SU and TSXV:AFM.

    This article was originally published by Simply Wall St.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Alphamin Resources Corp.

    GRAND BAIE, MAURITIUS, May 12, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) is pleased to provide an update following the resumption of tin concentrate production on 15 April 2025.

    The Company’s Bisie tin mine produced 1,290 tonnes of contained tin during the period 15 April 2025 to 11 May 2025 at targeted processing recoveries. Tin production recommenced through the treatment of run-of-mine ore stockpiles, initially from the Mpama North plant folllowed by a restart of the Mpama South plant on 19 April 2025. Blasting and tramming of ore from underground commenced during the last week of April 2025 while mine development rates are in the process of increasing to plan.

    Since the mine restart, the first fully documented and approved for export lots of tin concentrate departed by truck on 9 May 2025.

    Qualified Persons

    Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company.

    FOR MORE INFORMATION, PLEASE CONTACT:

    Maritz SmithCEOAlphamin Resources Corp.Tel: +230 269 4166E-mail: msmith@alphaminresources.com

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

     

    Investors who take an interest in Lara Exploration Ltd. (CVE:LRA) should definitely note that the Vice President of Corporate Development, Christopher MacIntyre, recently paid CA$1.53 per share to buy CA$366k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 14%.

    We've discovered 5 warning signs about Lara Exploration. View them for free.

    The Last 12 Months Of Insider Transactions At Lara Exploration

    In fact, the recent purchase by Christopher MacIntyre was the biggest purchase of Lara Exploration shares made by an insider individual in the last twelve months, according to our records. Even though the purchase was made at a significantly lower price than the recent price (CA$1.83), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

    In the last twelve months Lara Exploration insiders were buying shares, but not selling. Their average price was about CA$1.33. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

    Check out our latest analysis for Lara Exploration

    TSXV:LRA Insider Trading Volume April 18th 2025

    There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

    Insider Ownership

    I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Lara Exploration insiders own about CA$17m worth of shares. That equates to 18% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

    What Might The Insider Transactions At Lara Exploration Tell Us?

    It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Lara Exploration we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Lara Exploration. When we did our research, we found 5 warning signs for Lara Exploration (3 shouldn't be ignored!) that we believe deserve your full attention.

    But note: Lara Exploration may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

    For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Alphamin Resources (AFM.V) on Thursday said contained tin production of 4,270 tonnes for the quarter

    Alphamin Resources Corp.

    GRAND BAIE, MAURITIUS, April 17, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide an operational update as follows:

    • Q1 2025 contained tin production of 4,270 tonnes until operations ceased on 13 March 2025 (Q4 2024: 5,237 tonnes)

    • Q1 2025 EBITDA2,3 guidance of US$62m (Q4 2024 actual: US$76m)

    • FY2025 contained tin production guidance revised to 17,500 tonnes due to security-related production interruption (previously 20,000 tonnes)

    • Phased resumption of tin production commenced on 15 April 2025

    Operational and Financial Summary for the Quarter ended March 20251

    __________________________________________________________________________________________

    1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2Q1 2025 EBITDA and AISC represent management’s guidance. 3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

     Operational and Financial Performance

    Contained tin production of 4,270 tonnes for the quarter ended March 2025 was 18% below the prior period following a cessation of mining and processing activities on 13 March 2025 due to security concerns. The tin grade of ore processed was 18% higher at 3,55% and as a result daily throughput volumes were reduced to optimise plant recoveries at the higher feed grade. The FY2025 mineplan still targets an average ore grade of 3% with the outperformance in grade during Q1 2025 expected to average down during the remainder of the financial year. The processing facilities continued to perform well – overall plant recoveries averaged 75% during the quarter, above the target of 73%.

    Q1 2025 contained tin sales of 3,863 tonnes was recorded against production of 4,270 tonnes with a significant amount sold and exported post quarter end totalling 4,581 tonnes for the year to 16 April 2025.

    Q1 2025 AISC per tonne of tin sold was US$16,339 and 9% above the prior quarter’s AISC of US$15,034, primarily due to the impact of the operational stop on 13 March 2025. Operating expenditure included fixed costs and payroll for the full month of March 2025 as well as care and maintenance and mine evacuation costs while tin production was halted on 13 March 2025. As a result, EBITDA guidance for Q1 2025 is US$62m, 19% lower than the previous quarter’s actual of US$76m.

    Following the temporary cessation of operations on 13 March 2025 due to security concerns, the Company announced on 9 April 2025 its intention to resume operations at the mine. Tin production recommenced on 15 April 2025 through the treatment of run-of-mine ore stockpiles and are expected to ramp-up to nameplate within a week. Underground mining activities are planned to recommence later in April 2025 as employees continue to return in a phased manner. Following the resumption of mine operations, inbound and outbound logistics providers have re-mobilised fleets of trucks in order to continue with normal mine procurement and export product deliveries. The mine is adequately supplied with consumables and spares to support the resumption of production and tin concentrate exports are expected to continue normally as was the case during Q1 2025 and subsequently.

    As a result of the production interruption between 13 March 2025 and April 2025, the Company has reduced its FY2025 tin production guidance from 20,000 tonnes to 17,500 tonnes.

    The Company has US$99 million in cash at 17 April 2025 with US$38m of sales receipts expected prior to the end of April 2025. During this time, the Company has not utilised its up to US$50 million tin prepayment arrangement. The Company’s US$53 million overdraft facility was agreed for renewal, subject to formal documentation, for a further 12 months and subject to either a US$28 million international bank guarantee against off-shore cash or a US$28 million repayment by 31 May 2025. In the event that the operation ceases, the facility will reduce to US$25 million with full repayment required should the cessation continue for 6 months. A final FY2024 DRC income tax payment of US$38m is due by 30 April 2025.

    Due to the timing of the security related production interruption between 13 March 2025 and April 2025, the Board considered it prudent not to declare a final FY2024 dividend in April 2025.

    Regional security update

    Since late January 2025, insurgents have advanced from their previous positions and seized the cities of Goma and Bukavu, the capital cities of the North and South Kivu provinces, in eastern Democratic Republic of the Congo (DRC). On February 18, 2025 the Company announced that the seizure of the city of Bukavu, the second largest city of the eastern DRC, in addition to Goma, had increased the security risk and operating risk profile of the Company. On March 13, 2025 the Company announced the temporary cessation of mining operations due to insurgents’ advance westwards towards the mine location and within 110km from the mine. Insurgents subsequently occupied the town of Walikale on 20 March 2025. On April 9, 2025 the Company announced the initiation of a phased resumption of operations following the withdrawal of insurgents from the town of Walikale eastwards towards Masisi. The safety of the Company’s employees and contractors and compliance with the DRC and international laws remains its committed focus. The Company is closely monitoring the situation as it continues to progress, and will provide further updates if required.

    Changes to operating subsidiary, Alphamin Bisie Mining (ABM), board

    Mr. John Robertson, the current Managing Director of ABM, has elected to retire. The Board wishes to thank Mr. Robertson for his valuable input and contribution to the Company’s steady-state operations and successful expansion to becoming one of the world’s largest low-cost tin producers.

    Subject to regulatory approval, Mr. Jac van Heerden (50), a mining professional with 25 years of mining experience in Africa, has been appointed Managing Director of ABM. He has significant surface and underground mine management experience in both base and precious metals and a strong background in mine technical services, general and executive management. We look forward to the impact of Jac’s leadership qualities as we continue to create sustainable value for the benefit of all of ABM’s stakeholders.

    Qualified Persons

    Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

    FOR MORE INFORMATION, PLEASE CONTACT:

    Maritz Smith                                CEO                        Alphamin Resources Corp.                        Tel: +230 269 4166E-mail: msmith@alphaminresources.com

     

    CAUTION REGARDING FORWARD LOOKING STATEMENTS

    Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, Q1 2025 EBITDA and AISC guidance, guidance for contained tin production for the year ending 31 December 2025, our expectations for ore grades during the remainder of 2025, sales following customary patterns following resumption of production and not being disrupted, the timing and quantum of receipt of funds from prior tin concentrate sales and expected commencement of underground activities later in April 2025. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Such factors include, without limitation: uncertainties regarding Mpama North and Mpama South estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding the underground conditions for development, uncertainties regarding the logistical roads within the DRC for purposes of transporting product for sale and inbound consumables and equipment, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterrupted access to required infrastructure and third party service providers, adverse political events and risks of security related incidents which may impact the operation, outbound roads used to transport product and consumables or the safety of our people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties and tax payments, impacts of the global Covid-19 pandemic or other health crises on mining operations and commodity prices, price volatility in the spot and forward markets for tin and other commodities; significant capital requirements and the availability and management of capital resources; uncertainties regarding lenders and bankers’ reaction to their exposure to the Company during this period of unstable regional security in the eastern DRC which may lead to additional funding requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of the Democratic Republic of Congo (DRC) and the United States of America (US); discrepancies between actual and estimated production and the costs thereof; between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in the DRC or any other country in which Alphamin currently or may in the future conduct business; taxation; controls, regulations and political or economic developments in the countries in which Alphamin does or may conduct business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which Alphamin operates, including, but not limited to: obtaining and maintaining the necessary permits for the Bisie Project; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges Alphamin is or may become a party to; diminishing quantities or grades of reserves and resources; competition; loss of key employees; inclement weather conditions; availability of power, water, transportation routes and other required infrastructure for the Bisie tin project; general economic conditions and inflation and rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorisations and complying with permitting requirements, including those associated with the environment. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and losses of processed tin (and the risk of inadequate insurance or inability to obtain insurance to cover these risks), as well as “Risk Factors” included elsewhere in this MD&A and Alphamin’s public disclosure documents filed on and available at www.sedarplus.ca.

    USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

    This announcement refers to the following non-IFRS financial performance measures:

    EBITDA

    EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital and exploration expenditures and investment opportunities.

    This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

    CASH COSTS

    This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.

    AISC

    This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.

    Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The Canadian market has been navigating a period of heightened volatility, driven by trade tensions and tariff negotiations, which have kept investors on edge. Amidst this backdrop, penny stocks—often representing smaller or newer companies—offer a unique opportunity for those seeking affordable investments with growth potential. While the term “penny stocks” might seem outdated, their relevance persists as they can provide value through strong financial foundations and promising prospects.

    Top 10 Penny Stocks In Canada

    Name

    Share Price

    Market Cap

    Financial Health Rating

    Westbridge Renewable Energy (TSXV:WEB)

    CA$0.62

    CA$61.7M

    ★★★★★★

    NTG Clarity Networks (TSXV:NCI)

    CA$1.60

    CA$68.71M

    ★★★★★☆

    Orezone Gold (TSX:ORE)

    CA$1.15

    CA$562M

    ★★★★★☆

    Amerigo Resources (TSX:ARG)

    CA$1.72

    CA$280.75M

    ★★★★★☆

    Hemisphere Energy (TSXV:HME)

    CA$1.73

    CA$167.33M

    ★★★★★☆

    Alvopetro Energy (TSXV:ALV)

    CA$4.57

    CA$166.42M

    ★★★★★★

    PetroTal (TSX:TAL)

    CA$0.59

    CA$549.3M

    ★★★★★☆

    McCoy Global (TSX:MCB)

    CA$2.48

    CA$70.12M

    ★★★★★★

    Findev (TSXV:FDI)

    CA$0.46

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    BluMetric Environmental (TSXV:BLM)

    CA$1.17

    CA$42.09M

    ★★★★★★

    Click here to see the full list of 930 stocks from our TSX Penny Stocks screener.

    Let’s explore several standout options from the results in the screener.

    GoldMining

    Simply Wall St Financial Health Rating: ★★★★☆☆

    Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of CA$221.51 million.

    Operations: GoldMining Inc. does not report any specific revenue segments.

    Market Cap: CA$221.51M

    GoldMining Inc., a mineral exploration company with a market cap of CA$221.51 million, remains pre-revenue and unprofitable, reporting a net loss of CA$4.55 million for Q1 2025. Despite financial challenges, the company is debt-free and has initiated its largest exploration program at the Sao Jorge Project in Brazil, aiming to expand its mineral resource estimate through extensive drilling and geophysical surveys. GoldMining’s management team is experienced, but the company’s short cash runway poses potential liquidity concerns as it continues to invest heavily in exploration without significant revenue streams.

    TSX:GOLD Financial Position Analysis as at Apr 2025Prime Mining

    Simply Wall St Financial Health Rating: ★★★★☆☆

    Overview: Prime Mining Corp. focuses on acquiring, exploring, and developing mineral resource properties in Mexico and has a market cap of CA$215.30 million.

    Operations: Prime Mining Corp. does not have any reported revenue segments as it is focused on the acquisition, exploration, and development of mineral resource properties in Mexico.

    Market Cap: CA$215.3M

    Prime Mining Corp. remains pre-revenue with a market cap of CA$215.30 million, focusing on its Los Reyes Project in Mexico. Recent drilling results at the Fresnillo and Mariposa targets show promising mineralization but are not yet included in the company’s resource estimates. Despite reporting a net loss of CA$21.62 million for 2024, Prime is debt-free and maintains short-term assets exceeding its liabilities, though it faces cash runway challenges due to ongoing exploration expenditures without revenue generation. The management team has an average tenure of 3.5 years, indicating stability as they navigate these financial hurdles while targeting resource expansion.

    TSX:PRYM Financial Position Analysis as at Apr 2025Lara Exploration

    Simply Wall St Financial Health Rating: ★★★★☆☆

    Overview: Lara Exploration Ltd. is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$88.98 million.

    Operations: Lara Exploration Ltd. does not report specific revenue segments.

    Market Cap: CA$88.98M

    Lara Exploration Ltd., with a market cap of CA$88.98 million, is pre-revenue and unprofitable, experiencing increasing losses at 6.5% annually over the past five years. The company holds no debt and has short-term assets of CA$3.1 million, which exceed its short-term liabilities significantly. However, it faces cash runway challenges with less than a year remaining based on current free cash flow trends that historically decrease by 18% annually. The management team and board are both experienced, averaging over eight years in tenure each, but the stock’s high volatility remains a concern for investors seeking stability in penny stocks.

    TSXV:LRA Debt to Equity History and Analysis as at Apr 2025Turning Ideas Into Actions

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include TSX:GOLD TSX:PRYM and TSXV:LRA.

    This article was originally published by Simply Wall St.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Key Insights

    • Using the 2 Stage Free Cash Flow to Equity, Alphamin Resources fair value estimate is CA$0.61

    • Current share price of CA$0.72 suggests Alphamin Resources is potentially trading close to its fair value

    • When compared to theindustry average discount of -222%, Alphamin Resources' competitors seem to be trading at a greater premium to fair value

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Alphamin Resources Corp. (CVE:AFM) as an investment opportunity by taking the forecast future cash flows of the company and discounting them back to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

    We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

    View our latest analysis for Alphamin Resources

    The Calculation

    We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

    A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

    10-year free cash flow (FCF) estimate

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    Levered FCF ($, Millions)

    US$69.2m

    US$59.3m

    US$53.8m

    US$50.7m

    US$49.0m

    US$48.2m

    US$47.9m

    US$48.1m

    US$48.6m

    US$49.3m

    Growth Rate Estimate Source

    Est @ -21.46%

    Est @ -14.31%

    Est @ -9.31%

    Est @ -5.81%

    Est @ -3.36%

    Est @ -1.64%

    Est @ -0.44%

    Est @ 0.40%

    Est @ 0.99%

    Est @ 1.40%

    Present Value ($, Millions) Discounted @ 11%

    US$62.6

    US$48.5

    US$39.8

    US$33.9

    US$29.6

    US$26.4

    US$23.7

    US$21.5

    US$19.7

    US$18.0

    ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$324m

    After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.4%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 11%.

    Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$49m× (1 + 2.4%) ÷ (11%– 2.4%) = US$615m

    Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$615m÷ ( 1 + 11%)10= US$225m

    The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$549m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of CA$0.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

    TSXV:AFM Discounted Cash Flow February 26th 2025Important Assumptions

    Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Alphamin Resources as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 1.131. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

    SWOT Analysis for Alphamin Resources

    Strength

    • Debt is not viewed as a risk.

    • Dividend is in the top 25% of dividend payers in the market.

    Weakness

    • Earnings growth over the past year underperformed the Metals and Mining industry.

    • Current share price is above our estimate of fair value.

    Opportunity

    • Annual revenue is forecast to grow faster than the Canadian market.

    Threat

    • Dividends are not covered by earnings and cashflows.

    Looking Ahead:

    Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Alphamin Resources, we've put together three further aspects you should further examine:

  • Risks: For instance, we've identified 1 warning sign for Alphamin Resources that you should be aware of.

  • Future Earnings: How does AFM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

  • Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

  • PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Alphamin Resources Corp.

    GRAND BAIE, MAURITIUS, Feb. 18, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) notes recent news reports that insurgents have further continued their advance and seized the city of Bukavu, the second largest city in eastern Democratic Republic of the Congo (DRC), following its seizure of the city of Goma in late January. The Company’s mine is located in a remote area and, at this time the Company continues to operate within guidance parameters. As a result of the continued advance of the insurgents, the operating risk profile of the Company has increased and any further significant escalation of the conflict could result in mining operations being affected. The safety of the Company’s employees and contractors and compliance with the DRC and international laws remains its committed focus. The Company is closely monitoring the situation as it continues to progress, and will provide further updates if required.

    By order of the Board

    Maritz Smith‎CEO‎Alphamin Resources Corp.‎Tel: +230 269 4166‎E-mail: msmith@alphaminresources.com

    CAUTION REGARDING FORWARD LOOKING STATEMENTS

    Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to possible interuptions to the Company’s mining operations as a result of civil unrest in eastern Democratic Republic of the Congo. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the uncertainty of developments in and the outcome of the current civil unrest and security situation in the eastern Democratic Republic of the Congo as well as those risk factors set out in the Company’s most recent annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

     

    As the Canadian economy navigates a period of uncertainty with the Bank of Canada’s recent rate cut and anticipated economic rebound, investors are increasingly focused on uncovering opportunities within small-cap stocks. In this environment, finding hidden gems requires identifying companies that can thrive despite market volatility, often characterized by strong fundamentals and resilience to economic shifts.

    Top 10 Undiscovered Gems With Strong Fundamentals In Canada

    Name

    Debt To Equity

    Revenue Growth

    Earnings Growth

    Health Rating

    TWC Enterprises

    6.24%

    12.63%

    23.89%

    ★★★★★★

    Reconnaissance Energy Africa

    NA

    9.16%

    15.11%

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    Maxim Power

    25.01%

    12.79%

    17.14%

    ★★★★★☆

    Mako Mining

    10.21%

    38.44%

    58.78%

    ★★★★★☆

    Grown Rogue International

    24.92%

    19.37%

    188.55%

    ★★★★★☆

    Corby Spirit and Wine

    65.79%

    7.46%

    -5.76%

    ★★★★☆☆

    Petrus Resources

    19.44%

    17.20%

    46.03%

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    Genesis Land Development

    47.40%

    28.61%

    52.30%

    ★★★★☆☆

    Queen’s Road Capital Investment

    8.87%

    13.76%

    16.18%

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    Dundee

    3.76%

    -37.57%

    44.64%

    ★★★★☆☆

    Click here to see the full list of 45 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

    Below we spotlight a couple of our favorites from our exclusive screener.

    Sol Strategies

    Simply Wall St Value Rating: ★★★★★★

    Overview: Sol Strategies Inc. is a company that invests in cryptocurrencies and blockchain technologies, with a market cap of CA$635.02 million.

    Operations: Sol Strategies generates revenue through investments in cryptocurrencies and blockchain technologies. The company has a market capitalization of CA$635.02 million, reflecting its valuation in the financial markets.

    Sol Strategies, a Canadian company with a knack for innovation in cryptocurrency infrastructure, recently closed significant private placements totaling CAD 30 million. This influx of funds likely bolsters its financial position as it navigates high volatility in share prices over the past three months. The appointment of Max Kaplan as Head of Staking signals strategic growth, leveraging his expertise to enhance their validator network. Despite no substantial insider selling recently, Sol Strategies faces challenges with negative levered free cash flow at CAD -0.86 million last quarter and remains unprofitable, highlighting areas for potential improvement amidst industry competition.

    CNSX:HODL Earnings and Revenue Growth as at Feb 2025Headwater Exploration

    Simply Wall St Value Rating: ★★★★★★

    Overview: Headwater Exploration Inc. is a Canadian company focused on the exploration, development, and production of petroleum and natural gas, with a market capitalization of CA$1.59 billion.

    Operations: Headwater Exploration generates revenue primarily from the exploration, development, and production of petroleum and natural gas, totaling CA$490.27 million.

    Headwater Exploration, a nimble player in the Canadian oil and gas sector, has been making waves with its strategic land acquisitions and partnerships. The recent collaboration with Bigstone Cree Nation could unlock new drilling opportunities across 34.5 sections of promising land. With a robust production volume of 21,500 BOE/d reported for Q4 2024, Headwater’s operational momentum is evident. Despite earnings growth of 22.7% last year and trading at over 40% below fair value estimates, future earnings are expected to face challenges with a forecasted decline of around 14% annually over the next three years.

    TSX:HWX Earnings and Revenue Growth as at Feb 2025Alphamin Resources

    Simply Wall St Value Rating: ★★★★★★

    Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.16 billion.

    Operations: Alphamin Resources generates revenue from the production and sale of tin concentrates, amounting to $436.73 million. The company has a market capitalization of CA$1.16 billion.

    Alphamin Resources, a nimble player in the mining sector, has shown a robust performance with earnings growing at 39.2% annually over the past five years. The company boasts a satisfactory net debt to equity ratio of 0.3%, and its interest payments are well-covered by EBIT at 17.9 times coverage. Recent production results highlight an increase in contained tin produced to 17,324 tonnes for 2024 from the previous year’s 12,568 tonnes. With a price-to-earnings ratio of 11x below the Canadian market average of 14.6x, Alphamin seems poised for continued value creation as it expands operations at Mpama South.

    TSXV:AFM Debt to Equity as at Feb 2025Make It Happen

    Contemplating Other Strategies?

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include CNSX:HODL TSX:HWX and TSXV:AFM.

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    Alphamin Resources Corp. (CVE:AFM) shareholders might be concerned after seeing the share price drop 27% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. It's fair to say most would be happy with 279% the gain in that time. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. Only time will tell if there is still too much optimism currently reflected in the share price.

    In light of the stock dropping 15% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

    Check out our latest analysis for Alphamin Resources

    In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

    During the last half decade, Alphamin Resources became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Alphamin Resources share price is down 19% in the last three years. Meanwhile, EPS is up 39% per year. It would appear there's a real mismatch between the increasing EPS and the share price, which has declined -7% a year for three years.

    The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

    TSXV:AFM Earnings Per Share Growth February 2nd 2025

    It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

    What About Dividends?

    As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Alphamin Resources the TSR over the last 5 years was 366%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

    A Different Perspective

    Alphamin Resources shareholders gained a total return of 17% during the year. But that return falls short of the market. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 36% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example – Alphamin Resources has 1 warning sign we think you should be aware of.

    If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

    Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    VANCOUVER, BC, Jan. 31, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

    The number of issued and outstanding shares of the Company has increased by 93,674,455 to 867,777,426 common shares with voting rights as of January 31, 2025. The increase in the number of issued and outstanding shares from January 1, 2025 to date is the result of shares issued in connection with the Filo Corp. acquisition (see press release dated January 15, 2025 entitled "Lundin Mining Completes Joint Acquisition of Filo with BHP and 50% Sale of Josemaria to Form Vicuña Corp."), and the exercise of employee stock options or the vesting of employee share units, offset by any share buy backs completed under the normal course issuer bid.

    About Lundin Mining

    Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.

    The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on January 31, 2025 at 14:30 Pacific Time.

    Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

    SOURCE Lundin Mining Corporation

    Cision

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/31/c8898.html

    As 2025 begins, the Canadian market stands on a solid foundation following a remarkable year in 2024, with the TSX posting an impressive 18% gain. In this climate of mixed headwinds and tailwinds, investors are keen to identify stocks that combine potential growth with financial stability. Penny stocks, despite their somewhat outdated name, continue to capture interest by offering opportunities in smaller or less-established companies; those with strong financials can present compelling prospects for investors seeking value beyond traditional large-cap investments.

    Top 10 Penny Stocks In Canada

    Name

    Share Price

    Market Cap

    Financial Health Rating

    Mandalay Resources (TSX:MND)

    CA$4.00

    CA$379.39M

    ★★★★★★

    Pulse Seismic (TSX:PSD)

    CA$2.35

    CA$122.01M

    ★★★★★★

    Silvercorp Metals (TSX:SVM)

    CA$4.36

    CA$961.62M

    ★★★★★★

    PetroTal (TSX:TAL)

    CA$0.63

    CA$583.7M

    ★★★★★★

    Findev (TSXV:FDI)

    CA$0.50

    CA$15.47M

    ★★★★★★

    Foraco International (TSX:FAR)

    CA$2.45

    CA$241.16M

    ★★★★★☆

    NamSys (TSXV:CTZ)

    CA$1.20

    CA$30.89M

    ★★★★★★

    East West Petroleum (TSXV:EW)

    CA$0.035

    CA$3.62M

    ★★★★★★

    Orezone Gold (TSX:ORE)

    CA$0.65

    CA$307.33M

    ★★★★★☆

    Hemisphere Energy (TSXV:HME)

    CA$1.87

    CA$178.48M

    ★★★★★☆

    Click here to see the full list of 944 stocks from our TSX Penny Stocks screener.

    We’re going to check out a few of the best picks from our screener tool.

    Lara Exploration

    Simply Wall St Financial Health Rating: ★★★★☆☆

    Overview: Lara Exploration Ltd. is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market capitalization of CA$69.21 million.

    Operations: There are no reported revenue segments for Lara Exploration Ltd.

    Market Cap: CA$69.21M

    Lara Exploration Ltd., with a market cap of CA$69.21 million, is pre-revenue and currently unprofitable, having increased losses by 6.5% annually over the past five years. Despite this, recent earnings reports show a shift to net income for the third quarter and nine months ending September 2024. The company remains debt-free but faces significant dilution with shares outstanding rising by 7.9% last year. Lara’s short-term assets cover its liabilities, yet it has less than a year of cash runway if current cash flow trends persist. Recent developments include an initial resource estimate for its Planalto Copper-Gold Project in Brazil.

    TSXV:LRA Financial Position Analysis as at Jan 2025Silver Tiger Metals

    Simply Wall St Financial Health Rating: ★★★★☆☆

    Overview: Silver Tiger Metals Inc. is involved in the exploration and evaluation of mineral properties in Mexico, with a market cap of CA$92.80 million.

    Operations: Silver Tiger Metals Inc. currently does not report any specific revenue segments.

    Market Cap: CA$92.8M

    Silver Tiger Metals Inc., with a market cap of CA$92.80 million, is pre-revenue and unprofitable, experiencing increased losses over the past five years. The company has no debt but faces shareholder dilution, with shares outstanding growing by 8.2% last year. Short-term assets cover liabilities; however, it has less than a year of cash runway if cash flow trends continue. Recent developments include a Preliminary Feasibility Study for its El Tigre Project in Mexico, highlighting an after-tax NPV of $222 million and plans for further economic assessments in 2025 to explore substantial exploration potential at the site.

    TSXV:SLVR Debt to Equity History and Analysis as at Jan 2025TriStar Gold

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: TriStar Gold, Inc. is involved in the acquisition, exploration, and development of precious metal prospects in the Americas with a market cap of CA$37.79 million.

    Operations: TriStar Gold, Inc. currently does not report any revenue segments.

    Market Cap: CA$37.79M

    TriStar Gold, Inc., with a market cap of CA$37.79 million, is pre-revenue and unprofitable but maintains a positive cash flow, providing over three years of runway. The company has no debt and its short-term assets exceed both short- and long-term liabilities. Despite stable weekly volatility compared to other Canadian stocks, the share price remains highly volatile in the short term. Recent executive changes include Jessica Van Den Akker as interim CEO during Nick Appleyard’s medical leave. The board is experienced with an average tenure of 5.2 years, supporting strategic stability amid ongoing management transitions.

    TSXV:TSG Debt to Equity History and Analysis as at Jan 2025Turning Ideas Into Actions

    • Click this link to deep-dive into the 944 companies within our TSX Penny Stocks screener.

    • Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio’s performance.

    • Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include TSXV:LRA TSXV:SLVR and TSXV:TSG.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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