Gold miners dominate this year’s TSX30

Kinross Fort Knox gold pour (Credit: Kinross)

Mining companies accounted for over half of the entries on this year’s TSX30 — an annual list of the 30 top-performing names on Canada’s largest stock exchange over a three-year period to June 30.

The best performer in the mining industry was Vancouver-headquartered Lundin Gold (TSX: LUG), with a gain of 775%, good for second place behind supply chain solutions provider Celestica (TSX: CLS), which amassed a near 1,600% jump over the three years.

The other mining companies and their respective rank and gains are as follows:

Overall RankCompanySymbolGain (%)
5Avino Silver & Gold MinesASM610
10Almonty IndustriesAII427
11New GoldNGD394
12Kinross GoldK394
13IAMGOLDIMG385
14Torex GoldTXG347
19Alamos GoldAGI310
21Perpetua ResourcesPPTA290
22Orla MiningOLA289
23CamecoCCO277
25China Gold International ResourcesCGG274
26Dundee Precious MetalsDPM264
27Eldorado GoldELD238
28Galiano GoldGAU226
29Skeena ResourcesSKE219
30Taseko MinesTKO205

In total, the 2025 TSX30 list had 17 mining companies, compared with just six in the 2024 edition. The performances were also more significant, with market values rising by at least threefold.

Gold dominates

Nearly all of these mining companies (15) have businesses revolving around gold, coinciding with the precious metal’s rise over the past three years. Spot gold price rose by roughly 80% to $3,264 on June 30 from $1,812 an oz. on the same date in 2022.

The only names with no ties to gold are Almonty Industries (TSX, ASX: AII) and Cameco (TSX: CCO; NYSE: CCJ), whose businesses are centred around critical minerals tungsten and uranium, respectively.

Notably, there was only one predominant copper miner — Taseko Mines (NYSE: TGB; TSX: TKO) — while two prominent copper names (Filo and Teck Resources) featured in last year’s list.

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