TSX Mining Stocks Also Listed on the ASX

1. Allkem

Market cap: AU$7.88 billion

Allkem (ASX:AKE,TSX:AKE) is an Australian lithium chemicals company. In November 2021, Galaxy Lithium and Orocobre merged and formally changed their name to Allkem. The merger currently owns and runs seven different operations worldwide, including projects on four different continents.

On April 14, 2022, Allkem released its strategy for the next decade. It includes plans to increase lithium production “3-fold by 2026” while also maintaining a 10 percent share of the global lithium market for the next 10 years. In November, alongside partner Toyota Tsusho (TSE:8015), Allkem announced the very first production of the lithium hydroxide product at the Nahara plant in Japan.

2. SSR Mining

Market cap: AU$4.6 billion

SSR Mining (ASX:SSR,TSX:SSRM), formerly Silver Standard Resources, is a leading cashflow-focused intermediate gold company based out of Denver, Colorado. In 2020, SSR Mining officially merged with Alacer Gold. The company has production, development and exploration operations in Asia and the Americas.

In October 2022, the company announced, in an agreement with Lidya Mining, that it will be acquiring another 30 percent of the Kartaltepe joint venture in the Çöpler district for $150 million in cash; SSR now owns 80 percent of the Çöpler district.

3. Champion Iron

Market cap: AU$3.59 billion

Champion Iron (ASX:CIA,TSX:CIA) is an internationally run iron ore mining and development company based out of New South Wales, Australia. The company is focused on high-grade mining and development through its two mining projects in Canada as well as its numerous Canadian exploration projects. Champion Iron’s flagship projects are its Kamistiatusset project in Newfoundland and Labrador, and its Bloom Lake mine and the consolidated Fire Lake North projects, both in Québec.

On May 17, 2022, Champion Iron entered a purchase agreement and acquired the Pointe Noire pelletizing facility from Société Ferroviaire et Portuaire de Pointe-Noire (SFPPN) for a consideration of C$2.5 million. Already, Champion has entered a memorandum of understanding with an international steel company to complete a feasibility study for the plant in the latter half of 2023.

4. NexGen Energy

Market cap: AU$2.91 billion

NexGen Energy (ASX:NXG,TSX:NXE) is a Canada-based company with a focus on the production of clean energy fuel. Rook 1 is the company’s flagship project located in Saskatchewan.

Rook 1 has an expected lifespan of 10.7 years at a capacity of 1,300 tonnes per day. NexGen Energy has successfully completed a feasibility study in 2021, and the next stage of development is projected to be finished in early 2023. NexGen states Rook 1's feasibility study "outlines an initial 11 year mine capable of producing 29 Mlbs U308 per anum (first 5 years), making it the largest and lowest cost uranium mine in the world."

5. Perseus Mining

Market cap: AU$2.91 billion

Perseus Mining (ASX:PRU,TSX:PRU) is a fast-growing African gold explorer, developer and producer. The company runs three mines in two countries: Ghana and Côte d’Ivoire. The Ekidan mine in Ghana was the company's first mine and it began commercial operations in 2012. The company then developed two of its properties in Côte d’Ivoire and brought them into production; Sissingué entered production in January 2018 and the Yaouré mine in March 2021.

In 2022, Perseus Mining produced over 500,000 ounces of gold. Perseus Mining acquired Orca Gold in May 2022 and now owns 70 percent of Orca's Meyas Sand project and 31.4 percent of the Côte d’Ivoire Koné project.

In October, the company announced that it has become a shareholder of Mako Gold with 2.94 percent equity. Mako is a West African gold exploration company that recently raised its interest in its flagship Napié gold project to 90 percent.