Top Zinc Stocks of 2019 on the TSX

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Zinc prices have been at the mercy of smelters and treatment and refinement charges this year, but some analysts see the metal hitting the ground running in 2020.

In FocusEconomics’ October report, the firm’s panel of experts forecasts that zinc prices will gain some ground as supply dwindles moving forward into the new year.

Here’s a look at the three top-gaining zinc stocks on the TSX in 2019. All data relating to stocks comes from TradingView’s stock screener and was retrieved on December 11, 2019. Only companies with market caps greater than C$50 million at that time were considered.

1. Ivanhoe Mines (TSX:IVN)

Share price: C$3.58; year-to-date gain: 47.26 percent

Ivanhoe Mines is a Canadian mining company with projects throughout Africa. The company’s major zinc mine is the Kipushi zinc-copper-germanium-silver mine located in the Democratic Republic of Congo.

In addition to the Kipushi mine, Ivanhoe Mines also owns the Kamoa copper mine, the Kakula copper mine and the Platreef platinum–palladium–gold–nickel-copper project. In October, Zijin Mining (OTC Pink:ZIJMF,HKEX:2899) announced its plan to increase its stake in Ivanhoe Mines to 13.88 percent.

2. Lundin Mining (TSX:LUN)

Share price: C$7.63; year-to-date gain: 32.45 percent

Lundin Mining is a mining company operating in the US, Sweden, Portugal, Brazil and Chile; it is based in Toronto, Ontario. Its zinc operations include the Zinkgruvan mine in Sweden and the Neves-Corvo mine in Portugal. In addition to zinc, the company also focuses on copper and nickel projects.

Lundin Mining recently announced its production guidance for 2020 to 2022, with expectations that copper production will increase by 20 percent and zinc production by 15 percent.

3. Trilogy Metals (TSX:TMQ)

Share price: C$2.59; year-to-date gain: 8.05 percent

Trilogy Metals is a mining company with projects in Alaska. The company’s main focus is its Ambler mining district deposits, which contain zinc, lead, gold, silver and cobalt.

At the Arctic deposit, the company expects average annual payable production of 199 million pounds of zinc. Trilogy Metals announced positive results from its Bornite project in September.

Securities Disclosure: I, Sasha Dhesi, hold no direct investment interest in any company mentioned in this article.