Member Login
  1. Category
    2. /
  2. Investing
    3. /
  3. Metals and Mining Stocks
    4. /

Metals and Mining Stocks

What are mining and mineral stocks?

Mining and mineral stocks represent partial ownership in companies that find, extract, and process minerals and materials. The materials sector makes up a large portion of Canadian stocks, with the TSX having more mining stocks than any other market in the world. Here are some minerals these companies extract: 

  • Precious metals: gold, silver, platinum, palladium 
  • Industrial metals: iron, ore, zinc, cobalt, lithium, nickel, copper, aluminum 
  • Construction materials: sand, crushed stone, limestone
  • Energy materials: coal, oil sands, uranium
  • Fertilizers: boron, potash, phosphate 

How can you find good mining stocks?

1. Know the mining industry 

The mining industry is fairly complex. Not only do mining companies operate in a manner distinct from any other sector — they literally dig into the ground, not sit in swivel chairs — but also the vocabulary and industry terms can be complex, too. 

From the mining process to machinery to the minerals themselves, mining investors will do well to know exactly what a mining company does before buying its stocks. 

2. Analyze its financial strength 

Investors should find mining companies that can withstand economic downturns and recessions. Two factors that will help you assess a mining company’s finances are production costs and balance sheets. 

In general, a mining company shouldn’t be dishing out too much of its revenues to cover production. If it does, it might not remain profitable during tough economic times. The lower its operation costs, the more value mining companies can return to its investors. 

Similarly, a good mining company won’t take out enormous amounts of debt to cover expansion or production. It has a strong balance sheet, meaning it has cash on hand, as well as a capacity to borrow if it needs to. With strong finances, a good mining company will have more flexibility and strength to withstand downturns. 

3. Check here for more updates 

Finally, to help you stay up-to-date on the mining and mineral industry, check the links below for our writers’ stock analyses .With the mining industry changing as much as it has, our writers will help you choose carefully, as well as teach you how to think about stocks. 

[KevelPitch adtype=151]

Top Articles

Metals and Mining Stocks

B2Gold Stock: How High Could it Go in 2023?  

| Daniel Da Costa

After struggling through 2022 while gold stocks were out of favour, B2Gold has some significant upside in 2023 as interest…

Read more »

A worker wears a hard hat outside a mining operation.
Metals and Mining Stocks

3 Mining Stocks That Are Too Cheap to Ignore

| Chris MacDonald

These three mining stocks are great ways for long-term investors to gain exposure to gold as well as hedge against…

Read more »

Dividend Stocks

TFSA Investors: Why You Should Invest Your Room ASAP With These 3 Stocks

| Adam Othman

Choosing the right TFSA stocks for your portfolio might take some time. But with the right choices, you can stick…

Read more »

People walk into a dark underground mine.
Metals and Mining Stocks

These 2 Stocks Have a Lot of Risk But Their Upside Could be Huge

| Demetris Afxentiou

Looking for an alternative option for your portfolio? These two stocks have a lot of risk now, but their long-term…

Read more »

Metals and Mining Stocks

Better Buy: Newmont or Barrick Gold Stock?

| Kay Ng

If you think better days are ahead for gold miners, consider exploring gold stocks Newmont and Barrick Gold.

Read more »

Metals and Mining Stocks

Should You Invest in TSX Mining Stocks Right Now?

| Brian Paradza, CFA

A key TSX mining index has gained 16% so far this quarter. Newmont stock (TSX:NGT) could be a rewarding bet…

Read more »

Metals and Mining Stocks

Could Investing in Teck Stock Help Make You a Millionaire?

| Amy Legate-Wolfe

On the surface, Teck (TSX:TECK.B) stock doesn't look all that exciting. But you're going to change your tune after what…

Read more »

Dividend Stocks

3 Growth Stocks You Can Buy Right Now with Less Than $100

| Christopher Liew, CFA

Capital of less than $100 is enough to buy one of these three promising growth stocks that don't belong to…

Read more »

Recent Metals and Mining Stocks News

Stacked gold bars
Metals and Mining Stocks

Get Both: The Top Gold Stock and the Top Silver Stock to Buy in Canada

| Puja Tayal

Investigate the recent rally in silver and gold stock prices and the factors contributing to their appeal as a safe-haven…

Read more »

a sign flashes global stock data
Metals and Mining Stocks

1 TSX Winner Poised to Keep on Winning

| Joey Frenette

Agnico Eagle Mines (TSX:AEM) is a stellar momentum stock that still looks super cheap!

Read more »

Safety helmets and gloves hang from a rack on a mining site.
Metals and Mining Stocks

Is Franco-Nevada Stock Still a Buy After Reaching 52-Week Highs?

| Brian Paradza, CFA

Franco-Nevada stock has hit new 52-week highs! Let's break down whether this gold royalty leader is still a buy for…

Read more »

nugget gold
Metals and Mining Stocks

2 Canadian Mining Stocks to Buy as Gold Surges

| Andrew Walker

These gold stocks are on a roll.

Read more »

Metals
Metals and Mining Stocks

Why This Steel Stock Could Be a Hidden Gem for Investors

| Amy Legate-Wolfe

If you're hoping for income that lasts, then this basic material can be a lifesaver for any portfolio.

Read more »

Young adult concentrates on laptop screen
Metals and Mining Stocks

Agnico Eagle Mines Is Up 300% in the Last 3 Years: Is the TSX Stock Still a Good Buy?

| Aditya Raghunath

Agnico Eagle is a TSX stock that has crushed the broader markets over the last three years, rising almost 300%.

Read more »

Piggy bank on a flying rocket
Stocks for Beginners

Why This Copper Miner Could Shine in the Next Supercycle

| Amy Legate-Wolfe

Copper stocks are some of the best long-term investments, especially as we move to clean energy. And this stock is…

Read more »

nugget gold
Metals and Mining Stocks

Up 30% in August, Is Kinross Gold Still a Buy?

| Brian Paradza, CFA

With gold soaring and cash flow booming, let's explore if Kinross Gold stock still shines bright for new investors in…

Read more »

Stacked gold bars
Metals and Mining Stocks

Forget Gold Bars: This Stock Could Be the Real Wealth Preserver

| Amy Legate-Wolfe

Barrick gold could be one of the best options for gold -- not some small stock or Costco gold bars.

Read more »

diversification and asset allocation are crucial investing concepts
Metals and Mining Stocks

Pan American Silver Rose 24% in August: Too Late to Invest?

| Brian Paradza, CFA

Pan American Silver stock soared 24% in August. With record cash flow, a transformative acquisition, and a hidden catalyst, the…

Read more »

A worker wears a hard hat outside a mining operation.
Metals and Mining Stocks

Miners’ Moments: Will Gold Stocks Hold Their Glow Into Year-End?

| Christopher Liew, CFA

Three TSX gold stocks are shining bright and should sustain their unrestrained momentum through the remainder of 2025.

Read more »

Dog smiles with a big gold necklace
Metals and Mining Stocks

Forget Gold: Buy These Two TSX Gold Stocks Instead

| Adam Othman

With gold prices soaring, here are two TSX gold stocks you should buy instead of the metal itself.

Read more »

nugget gold
Metals and Mining Stocks

Lundin Gold Stock Rose 34% Last Month: A Flash in the Pan, or More to Come? 

| Puja Tayal

Lundin Gold stock price jumped 34% in August to its all-time high on the back of strong second-quarter earnings. Is…

Read more »

A worker gives a business presentation.
Stocks for Beginners

The Canadian Stock That Could Be Your Best Inflation Hedge

| Amy Legate-Wolfe

Gold stocks can be a prime option for investors during periods of high interest and inflation, so let's look at…

Read more »

Nickel ore is mined from the ground.
Metals and Mining Stocks

Why Shares of Hudbay Minerals Zoomed 31% Last Month

| Puja Tayal

Uncover the factors driving Hudbay Minerals's stock increase. Explore copper mining and recent gold price effects on its performance.

Read more »

nugget gold
Dividend Stocks

Up 26% in August, Is Barrick Mining a Buy Now?

| Brian Paradza, CFA

Barrick Mining stock surged 26% in August. With gold breaking US$3,500/oz and copper growth ahead, is it still a buy?

Read more »

Stacked gold bars
Metals and Mining Stocks

Agnico Eagle Mines and Wheaton Precious Metals Both Soar More Than 15% Over the Past Two Months

| Chris MacDonald

Let's dive into the impressive recent moves made by two top Canadian gold miners, and whether this rally in precious…

Read more »

Metals
Metals and Mining Stocks

The Best Silver Mining Stocks to Buy Right Now

| Joey Frenette

Pan American Silver (TSX:PAAS) and the rest of the silver stocks are shining for investors right now.

Read more »

Child measures his height on wall. He is growing taller.
Stocks for Beginners

2 Dirt Cheap Stocks to Buy With $1,000 Right Now

| Jitendra Parashar

These two undervalued Canadian stocks may be down today, but their long-term growth stories are far from over.

Read more »

People walk into a dark underground mine.
Metals and Mining Stocks

The Best Mining Stocks I’d Buy Right Now

| Demetris Afxentiou

Looking for the best mining stocks to own in your portfolio? Here's a trio of options offering growth, defensive appeal,…

Read more »

Metals
Metals and Mining Stocks

Should You Sell Wheaton Precious Metals Stock After the Recent Share Price Increase?

| Amy Legate-Wolfe

After climbing in share price, is this metal producer still a buy?

Read more »

nugget gold
Metals and Mining Stocks

Is it Too Late to Buy Gold Stocks?

| Demetris Afxentiou

Investors contemplating whether it's too late to buy gold stocks should consider this duo for long-term income and growth potential.

Read more »

Canadian flag
Metals and Mining Stocks

2 Top Canadian Stocks to Buy Right Now With $2,000

| Aditya Raghunath

Here are two Canadian stocks that are positioned to deliver market-beating returns to shareholders over the next 12 months.

Read more »

happy woman throws cash
Stocks for Beginners

This Stock Could Quietly Make Ordinary Investors Wealthy Beyond Their Wildest Dreams

| Amy Legate-Wolfe

This energy stock continues to be a strong option, especially looking forward.

Read more »

investor looks at volatility chart
Metals and Mining Stocks

Is Teck Resources a Buy?

| Andrew Walker

Teck Resources is down 30% in the past year. Is the stock now oversold?

Read more »

Rocket lift off through the clouds
Metals and Mining Stocks

Is Energy Fuels (TSX:EFR) a Buy?

| Jitendra Parashar

With critical mineral projects accelerating and production rising, Energy Fuels stock has the potential to deliver outstanding returns in the…

Read more »

A worker wears a hard hat outside a mining operation.
Metals and Mining Stocks

Taking Profits in Lundin Mining? When to Sell vs. Hold

| Amy Legate-Wolfe

Lundin stock could be one of the best buys out there, especially for copper exposure seekers.

Read more »

Nickel ore is mined from the ground.
Metals and Mining Stocks

The Small-Cap TSX Explorer Making Big Moves in Base Metals

| Amy Legate-Wolfe

This TSX mining stock could be one of the best rebounds out there.

Read more »

todder holds a gold bar
Stocks for Beginners

How This Gold Miner Could Deliver Explosive Gains if Metals Continue Rising

| Amy Legate-Wolfe

Want a safe mining stock to hold for future income? This is a top choice.

Read more »

Dog smiles with a big gold necklace
Metals and Mining Stocks

The Best TSX Mining Stocks to Buy Right Now

| Brian Paradza, CFA

Gold and silver are soaring. This TSX mining stock is up 155% and pays a 5.6% yield, and the other…

Read more »

Stacked gold bars
Metals and Mining Stocks

Is Lundin Gold Inc a Buy?

| Brian Paradza, CFA

Lundin Gold stock is up 860% in three years and now pays a 5.6% yield. This high-flying gold story might…

Read more »

Concept of multiple streams of income
Stocks for Beginners

The Gold Play That Could Shine Amid Global Uncertainty

| Amy Legate-Wolfe

This miner isn't like the others, but instead provides consistent revenue from consistent sources.

Read more »

nugget gold
Metals and Mining Stocks

Is Franco-Nevada a Buy?

| Brian Paradza, CFA

Franco-Nevada stock is an ever-tempting gold investment trading at a premium. Here's what to consider in August 2025

Read more »

Metals
Metals and Mining Stocks

Is Wheaton Precious Metals Stock a Buy?

| Aditya Raghunath

Wheaton Precious Metals is a TSX stock that has returned over 600% in the last 10 years. Is WPM still…

Read more »

Board Game, Chess, Chess Board, Chess Piece, Hand
Metals and Mining Stocks

Why I’m Capping Exposure to Gold Plays After Big Moves in Copper

| Amy Legate-Wolfe

These minerals are going to continue being a strong option for investors looking for exposure.

Read more »

Safety helmets and gloves hang from a rack on a mining site.
Metals and Mining Stocks

Mining Momentum: Agnico Eagle and Lundin Mining Are Trending, So Should You Buy?

| Amy Legate-Wolfe

These two mining stocks are strong opportunities, but which is a better one?

Read more »

Safety helmets and gloves hang from a rack on a mining site.
Metals and Mining Stocks

Is Agnico Eagle Mines a Buy?

| Andrew Walker

Agnico Eagle is up more than 60% in 2025. Are more gains on the way?

Read more »

People walk into a dark underground mine.
Metals and Mining Stocks

1 TSX Explorer Down 21% That Might Deliver a Tsunami

| Amy Legate-Wolfe

Gold is on a tear, and this gold stock might be a strong consideration.

Read more »

jar with coins and plant
Stocks for Beginners

$5,000 and a Decade to Invest? One Undervalued Canadian Stock to Consider Now

| Amy Legate-Wolfe

Lundin stock has been gaining momentum, but also provides a strong dividend.

Read more »

Stacked gold bars
Metals and Mining Stocks

Is Kinross Gold a Buy?

| Andrew Walker

Kinross stock is up about 100% in 2025. Are more gains on the way?

Read more »

Frequently Asked Questions

Mining and mineral stocks do pose some risks investors should be aware of. 

First off, the industry is highly cyclical, meaning it rises and falls with the overall economy. When the economy is doing fairly well, the market demands more minerals: buildings are going up, consumers are buying more gold, construction is consistent. When the economy falls, however, demand for minerals tends to fall with it. The cyclical nature of energy stocks makes them more volatile than, say, utilities and consumer staples. 

Another risk investors should take note of is expansion. Building mines is very expensive, much more expensive than building a new corporate headquarters. In the past, mines have expanded their enterprises during strong periods of economic growth, only to launch when the economy begins to sink. 

For both these reasons, it’s vital to analyze a mining company’s finances. If the company is saddled with debt, that could be an indicator it’s overextending itself, despite supposed growth. 

Mining stocks can be a great investment, however, there are some things to keep in mind before investing.

Mining stocks can be very volatile depending on economic conditions. That being said, the best Canadian mining companies have been able to generate good profit regardless of economic conditions.