Mining Firms Capture 60 Percent of 2026 TSX30 List

Mining companies claimed 18 of the 30 available spots in the recently released 2026 TSX30 rankings by the Toronto Stock Exchange, accounting for 60 percent of the list including six of the top 10 positions.

The 30 equities on this year’s list posted a record 785 percent average dividend-adjusted share price return over the past three years. Collectively, the group represents US$252.6 billion in total market capitalization, adding us$225.7 billion in market value during the three-year tracking period.

Montage Gold (TSX:MAU,OTCQX:MAUTF,OTCQX:MAUTF) secured second place overall with a 2,502 percent return, with the company advancing its Koné project in Côte d'Ivoire. Montage reported that construction remains ahead of schedule for a fourth-quarter 2026 production start, noting the company is well on track for first gold pour in Q4 later this year.

The developer also expanded its regional footprint in April, issuing 29.9 million shares to acquire African Gold and take control of the resource-stage Didievi project.

Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM) ranked fifth, posting a 958 percent return and generating 534,945 silver equivalent ounces in the second quarter of 2026.

Avino recently brought Mill Circuit 2 online at its La Preciosa development, where development production jumped 59 percent quarter-over-quarter to 100,658 silver equivalent ounces. T

Taking the sixth position is Discovery Silver (TSX:DSV,OTCQX:DSVSF), now going by Discovery Mining after gaining TSX approval, posting a 934 percent return.

The company achieved record gold production and revenue in the second quarter following its June 1 acquisition of the Kidd Operations in Timmins, Ontario.

Abra Silver Resource Corp. (TSXV:ABRA,OTCQX:ABBRF) ranked seventh with a 904 percent return. The developer recently issued a Limited Notice to Proceed to engineering firm Worley for the Diablillos silver-gold project in Argentina, initiating bridging engineering work to support a final investment decision targeted for the second quarter of 2027.

Concurrently, the company also reported shallow oxide-hosted gold drill results at its Cerro Viejo target, located 4 kilometers north of its primary Oculto deposit, intersecting 36.0 meters grading 1.91 grams per metric ton of gold.

G Mining Ventures (TSX:GMIN,OTCQX:GMINF) took eighth place, returning 853 percent. The engineering and development firm partnered with Sumitomo (OTC Pink:SSUMF,TSE:8053) through a 50/50 special purpose vehicle to acquire a 25 percent stake in Tintina Mines.

The capital injection targets the Dos Amigos copper-gold project in Chile. A recent preliminary economic assessment for the open-pit asset outlined a 25-year mine life yielding 37,000 metric tons of copper and 57,000 ounces of gold annually.

Rounding out the top 10 is Faraday Copper (TSX:FDY,OTCQX:CPPKF), tallying a 688 percent return.

The company recently signed a letter of intent to acquire BHP's (ASX:BHP,NYSE:BHP,LSE:BHP) legacy San Manuel property in Arizona. The proposed transaction would merge San Manuel with Faraday's adjacent Copper Creek project into a single 27,000-acre district.

The remaining 12 mining companies on the 2026 TSX30 list include four silver producers, three copper developers, and one rare earths company. These are: Andean Precious Metals (TSX:APM,OTCQX:ANPMF) (11), Aclara Resources (TSX:ARA,OTCID:ARAAF) (15), Trilogy Metals (TSX:TMQ,NYSEAMERICAN:TMQ) (17), Aris Mining (TSX:ARIS) (19), IAMGOLD (TSX:IMG,NYSE:IAG) (20), Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) (21), Skeena Resources Limited (TSX:SKE) (22), Lundin Gold (TSX:LUG,OTCQX:LUGDF) (23), Americas Gold and Silver (TSX:USA,NYSEAMERICAN:USAS) (24), Kinross Gold (TSX:K,NYSE:KGC) (28), DPM Metals (TSX:DPM,ASX:DPM,OTCPL:DPMLF) (29), and Hudbay Minerals (TSX:HBM,NYSE:HBM) (30).

Half of the companies on the 2026 list graduated from the TSX Venture Exchange, marking the highest rate of junior market graduates since the program began in 2019.

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