Globex Mining Enterprises Inc.
GMX.TO
Toronto Stock Exchange2.01
CAD
-0.03
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Globex Mining Enterprises Inc.
GMX.TO
(Toronto Stock Exchange)
Recent
price
2.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties across North America. The company operates a diversified portfolio of approximately 256 early to mid-stage exploration, development, and royalty properties containing base metals including copper, nickel, zinc, and lead; precious metals such as gold, silver, platinum, and palladium; specialty metals and minerals including manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, antimony, uranium, rare earths, and associated elements; and industrial minerals such as mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite, talc, and magnesite. Its extensive portfolio includes notable properties such as Timmins Talc-Magnesite, Laguerre-Knutson, Courville, Beauchastel-Rouyn, Cavalier, Great Plains (Clermont), Joutel, Red Star Project, Rouyn-Merger, Ruisseau Marriott, Sheen Lake Property, Shortt Lake Mine, Smith-Zulapa-Vianor, Porcupine West Property, and Malartic Gold Property among others. The company follows a project generator business model, partnering with other mining companies for exploration and development while retaining royalties over many properties. Founded in 1949, Globex Mining Enterprises is headquartered in Rouyn-Noranda, Quebec, Canada. Recent major developments include Globex's strategic acquisitions and expansions to leverage the commodity supercycle driven by rising demand for gold and copper. In 2025, the company completed the acquisition and staking of the Salt Spring property in Arizona within the historic Gold Basin mining district, featuring high-grade gold discoveries. To strengthen its copper asset base critical to the energy transition, Globex acquired the Magusi-Fab mine in Quebec, holding significant indicated copper resources. Additionally, Globex consolidated its holding in the Blackcliff Gold Property to 100% ownership and advanced exploration through partnerships such as the Bald Hill antimony project with Antimony Resources and the Duquesne West gold project with Emperor Mining. The company also announced an equity buyback program and has maintained active option agreements that generate ongoing royalty income. These operational expansions and partnerships highlight Globex's commitment to enhancing its resource base and royalty portfolio while positioning itself for growth in future commodity markets.