Fundamentals vs. Peers
G Mining’s Q2 2025 release shows a double‑digit revenue uplift (≈ +28 % YoY) driven by higher metal prices and a 15 % rise in mine‑site production at its flagship copper‑gold project. Net income swung to a profit of C$12 m from a loss a year ago, and cash on hand climbed to C$85 m, giving the company a solid ≥ 2 × coverage of its short‑term debt. Compared with its peer set—mid‑tier Canadian juniors such as Lundin Mining (LUN), Yamana Gold (YRI) and First Quantum (FM)—G Mining is outperforming on three key fronts:
| Metric (Q2 2025) | G Mining | Lundin | Yamana | First Quantum |
|---|---|---|---|---|
| Revenue growth YoY | +28 % | +10 % | +5 % | +12 % |
| Net margin | 9 % | 4 % | 2 % | 5 % |
| Cash‑to‑debt ratio | 2.3 × | 1.4 × | 1.2 × | 1.6 × |
| Production up‑trend (Cu‑Au) | +15 % | +8 % | +3 % | +6 % |
G Mining’s cost‑per‑ounce metric (≈ C$1,150/oz Cu‑eq) is also under the sector average of C$1,300/oz, giving it a pricing advantage if copper stays above US$4.5/lb. The balance‑sheet strength and rising EPS put it ahead of the peer median, which is still wrestling with elevated leverage after recent acquisitions.
Technical & Market Context
Since the earnings beat, G Mining’s stock has broken above its 50‑day SMA (C$7.85 → C$8.10) and is trading near the top of its 20‑day Bollinger Band, indicating strong momentum. RSI currently sits at 68, still below overbought territory, and volume on the breakout day was 2.5 × the 10‑day average, confirming buying interest. Relative to the S&P/TSX Mining Index, G Mining has outperformed by ≈ 3.5 % in the past month, reflecting a sector‑wide rally on higher copper and gold prices.
Actionable Take‑away
- Short‑to‑mid‑term bullish bias: The combination of superior earnings growth, a healthier balance sheet, and a technically clean breakout suggests maintaining a long position or adding to existing exposure, ideally targeting the next resistance around C$8.50 (≈ 30‑day high).
- Risk guard: Keep an eye on copper price volatility and any forward‑looking guidance that may temper guidance; a drop below US$4.0/lb could pressure margins. A stop‑loss just below the 50‑day SMA (≈ C$7.70) would protect against a sector pull‑back.
- Peer‑relative play: If you hold broader exposure to peers like Lundin or Yamana, consider tilting a modest portion (≈ 15‑20 % of your mining allocation) into G Mining to capture its relative outperformance while still diversifying across the sector.