Mining sector dominates 2021 TSX30 with Aura Minerals taking top spot

For the second year in a row, 14 of the 30 best performing stocks on the Toronto Stock Exchange (TSX) during the last three years have originated from the mining sector, index owner TMX Group reported today in its third annual TSX30 ranking.

The TSX30 ranks stocks based on dividend-adjusted share price appreciation over a three-year period. This year, Latin America-focused gold and copper miner Aura Minerals led the list after its share price rocketed 1,125% since 2018.

Aura’s stock jumped to an all-time high of $17.58 on in September 2020 from $4.43 in June of that year after it announced plans to list in Brazil. It’s current share price of $14.30 values the company at $1.04 billion.

The company has benefited from an influx of investors in its primary mining jurisdiction of Brazil as production and earnings have soared. Investors were first attracted to Aura’s gold production as a safe haven option during the pandemic, while its exposure to copper has attracted more investors focused on the potential for a post-pandemic industrial boom.

Capstone Mining, Champion Iron, Orla Mining, Slivercrest Metals and Wesdome Gold Mines all made the top 10, with Marathon Gold, Aya Gold and Silver, Victoria Gold Corp, Ivanhoe Mines, Copper Mountain Mining, NioCorp Developments, Ero Copper and Lithium Americas Corp also making the final cut from the mining industry.