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.

• Get an in-depth perspective on GoGold Resources’ performance by reading our health report here.

• Review our historical performance report to gain insights into GoGold Resources”s past performance.

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.

• Delve into the full analysis health report here for a deeper understanding of Alphamin Resources.

• Evaluate Alphamin Resources’ historical performance by accessing our past performance report.

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.

• Take a closer look at Santacruz Silver Mining’s potential here in our health report.

• Assess Santacruz Silver Mining’s past performance with our detailed historical performance reports.

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.

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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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.

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