Mining companies accounted for a record 60% of the Toronto Stock Exchange’s annual list of its 30 top-performing companies, driven by strong performance among precious and critical minerals stocks.

Eighteen mining companies appeared on the 2026 TSX30, a 57% increase from 2025. The ranking measures three-year dividend-adjusted share-price performance through the end of June, so it reflects market performance over that period rather than a company’s operating results alone.

Montage Gold (TSX: MAU) placed second overall, recording a 2,502% increase in its three-year dividend-adjusted share price.

Silver and gold companies continued to dominate the ranking, although they represented a smaller share than in 2025. Copper, rare earth and other critical mineral developers also earned positions.

The Toronto Stock Exchange and TSX Venture Exchange together list about 40% of the world’s publicly traded mining companies. Issuers on the two exchanges accounted for 45% of global mining financings and 32% of mining equity capital raised over the past five years. Through July 2026, companies listed on the exchanges had raised $20.5 billion in equity, 50% more than a year earlier. Mining companies contributed $10.1 billion, or roughly half of the total, underscoring the exchanges’ role as a major source of financing for the sector.

Broader commodity representation

Faraday Copper Corp. (TSX: FDY) recorded a 688% three-year gain. Aclara Resources Inc. (TSX: ARA) advanced 587%, while Trilogy Metals Inc. (TSX: TMQ) rose 570%.

The broader mix of commodities indicates the growing presence of companies exposed to critical minerals amid rising global demand.

Eleven of the 18 mining companies on the list graduated from the TSX Venture Exchange. Their inclusion highlights the junior exchange’s role in helping mining companies advance from exploration to larger-scale development and production.

“Half of this year’s top performers are graduates of TSX Venture Exchange, a powerful example of how Canada’s capital markets can help build the next generation of Canadian champions and support them as they grow into globally competitive companies,” TSX CEO Loui Anastasopoulos said.

Ranking requirements

The TSX30 is drawn from companies that meet requirements related to listing history, share price and market capitalization.

The 494 companies eligible for the 2026 ranking had to be listed on the TSX on June 30, 2026, and either have traded on the exchange for at least three years or have graduated from the TSX Venture Exchange.

Eligible companies also needed a closing share price of at least 50¢ and a minimum market capitalization of $75 million (US$53 million) as of June 30, 2023.