Zinc Stocks: 4 Biggest Canadian Companies in 2025

Market cap: C$31.79 billion
Share price: C$60.87

Teck Resources is a major global polymetallic miner, as well as one of the world's top zinc producers. It produced 644,000 metric tons (MT) of zinc in concentrate in 2023, with 539,800 MT coming from its Red Dog zinc mine in Alaska. The remaining 104,200 MT came from Teck's 22.5 percent share of zinc production from the Antamina copper-zinc mine in Peru.

Teck's total 2024 production guidance for the base metal is set in a range of 565,000 MT to 630,000 MT. As of September 30, 2024, the company's zinc production for the year totaled 551,000 MT.

In addition to the sites mentioned, Teck owns the Trail operations, which it describes as "one of the world’s largest fully integrated zinc and lead smelting and refining complexes." Located in BC, Canada, the Trail operations produced 266,600 MT of refined zinc in 2023, with 240,000 to 250,000 MT of the material expected in 2024.

The Trail operations were the first standalone zinc-processing site to receive Zinc Mark verification.

"To achieve the Zinc Mark, Teck’s Trail Operations was assessed and independently verified against 32 responsible production criteria including greenhouse gas emissions, community health and safety, respect for Indigenous rights and business integrity," the company explained in a press release in 2023. In February 2024, the Red Dog mine also earned the Zinc Mark for environmentally and socially responsible production practices.

Teck pays a quarterly dividend. On December 31, 2024, it paid out a dividend of C$0.125 per share.

Market cap: C$287.97 million
Share price: C$1.14

Emerita Resources has a portfolio of high-grade, large-scale polymetallic projects covering more than 26,000 combined hectares in Spain’s Iberian Pyrite Belt. The company’s flagship asset is the Iberian Belt West project, which hosts three massive sulfide deposits: La Infanta, La Romanera and El Cura.

Emerita released a resource estimate for Iberian Belt West in May 2023. It finished environmental baseline studies the following month, and completed supporting documentation for its mining license application in December 2023.

As for 2024, the company released Phase 2 metallurgical testing results for the La Romanera and La Infanta deposits in October. The work shows commercial-grade copper, lead and zinc concentrates can be obtained from both deposits.

Drilling is underway at the El Cura deposit to establish a resource estimate, with testwork to follow. In July, the Andalusian government granted Iberian Belt West a declaration of strategic interest, which will streamline the process of moving the project through development. Results released in early December show that drilling at La Cura intersected 13.15 meters in massive sulfides grading 3.3 percent zinc, 1.1 percent copper and 1.1 percent lead.

Market cap: C$263.32 million
Share price: C$1.44

Fireweed Metals is a critical metals company whose flagship Macmillan Pass zinc project is located in Canada's Yukon. In 2023, the company acquired the Gayna River zinc project in the Northwest Territories and the Mactung tungsten project, which is adjacent to Macmillan Pass and straddles the border between Yukon and the Northwest Territories. According to the company's website, Mactung "hosts the world's largest high-grade tungsten deposit."

Even with these new assets, the company still has a strong focus on Macmillan Pass. In fact, in November 2023, the Fireweed team, led by Dr. Jack Milton, the firm's vice president of geology, received the Association for Mineral Exploration's H.H. “Spud” Huestis Award for its work at the Macmillan Pass property.

Fireweed's best drill intersection to date from Macmillan Pass' Boundary zone includes 143.95 meters true width at 14.45 percent zinc, including 28.71 meters at 25.52 percent zinc. In June 2024, the company launched a 14,000 meter summer drill program, billed as the largest regional exploration campaign ever at Macmillan Pass.

Subsequently, in September it released an updated resource estimate for the Tom and Jason deposits, as well as inaugural resource estimates for the Boundary Zone and End Zone deposits at the project.

Market cap: C$246.18 million
Share price: C$1.57

Trilogy Metals is focused primarily on copper, zinc and cobalt at its Alaskan Upper Kobuk projects, which are held by Ambler Metals, a joint venture operating company owned equally by Trilogy and South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced zinc project is the Arctic copper-zinc-lead-gold-silver volcanogenic massive sulfide project, which is in the feasibility stage and has proven and probable reserves of 43.44 million MT grading 3.12 percent zinc.

In addition, early stage 2023 field work at the company's wholly owned Helpmejack project in Alaska's Ambler Schist Belt outlined two target areas prospective for volcanogenic massive sulfide and shale-hosted zinc deposits.

Trilogy had been focusing on improving access to the region with its Amber Access project, but it was rejected by the US Bureau of Land Management in June 2024 due to the impact the proposed road would have on the environment and communities in the region, which has seen little development.