Canada’s mining industry got a positive bump in October, as Canada joined 11 fellow Asia-Pacific countries in signing the TPP agreement aimed at easing trading tariffs and barriers. The deal will gradually eliminate tariffs on Canadian mineral exports in TPP nations, some of which are significant. That being said, the miners on our list today stand to benefit the most from this agreement over the long term.
HudBay Minerals Inc. (TSX: HBM) – $7.22
Diversified Mining
HudBay Minerals Inc. (Hudbay) is a Canada-based mining company engaged in the production of copper concentrate, which includes copper, gold and silver, and zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals in North and South America. Hudbay owns copper/zinc/gold mines, ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan, and copper projects in Cusco (Peru) and Arizona (United States) through its subsidiaries.
- Market Cap: $1,620,470,647
- Revenues (LTM): $660,279,000
- Equity (LFQ): $2,568,617,000
- MTD Price Change: 40.2%
New Gold Inc. (TSX: NGD) – $3.99
Diversified Mining
New Gold Inc. (New Gold) is a Canada-based intermediate gold mining company with a portfolio of over four producing assets and over three development projects. The Company’s operating assets include New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico. In addition, New Gold owns 100% of the Rainy River and Blackwater projects, both in Canada, as well as 30% of the El Morro project located in Chile.
- Market Cap: $1,893,061,179
- Revenues (LTM): $831,823,470
- Equity (LFQ): $2,822,966,000
- MTD Price Change: 23.9%
Lundin Mining Corp. (TSX: LUN) – $4.91
Diversified Mining
Lundin Mining Corporation is a Canada-based mining company engaged in mining, exploration and development of mineral properties, such as base metals, primarily in Chile, Portugal, Spain, Sweden, the United States and the Democratic Republic of the Congo (DRC). Its wholly-owned operating assets include the Neves-Corvo copper/zinc mine located in Portugal, the Zinkgruvan zinc/lead mine located in Sweden, the Aguablanca nickel/copper mine located in Spain and the Eagle nickel/copper mine located in the United States.
- Market Cap: $3,345,825,460
- Revenues (LTM): $2,001,701,829
- Equity (LFQ): $5,306,166,807
- MTD Price Change: 23.3%
Kinross Gold Corp. (TSX: K) – $2.88
Gold
Kinross Gold Corporation is a senior gold mining company engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
- Market Cap: $3,198,417,791
- Revenues (LTM): $3,912,742,420
- Equity (LFQ): $5,960,580,290
- MTD Price Change: 20.3%
Tahoe Resources Inc. (TSX: THO) – $12.48
Non-Gold Precious Metals & Minerals
Tahoe Resources Inc. is engaged in the acquisition, exploration, development and operation of mineral properties in the Americas for the mining of precious metals. The Company’s principal business activity is operating the Escobal mine. The Escobal deposit is an intermediate-sulfidation silver-gold-lead-zinc vein deposit hosted in Tertiary andesite and volcaniclastic sedimentary rocks located near San Rafael las Flores in southeastern Guatemala.
- Market Cap: $2,740,645,411
- Revenues (LTM): $452,386,756
- Equity (LFQ): $2,223,868,911
- MTD Price Change: 18.8%
