Gold miners dominate this year’s TSX30

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:

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. The gold spot 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 (TSX: TECK.A, TECK.B; NYSE: TECK)) featured in last year’s list.