Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Fourteen, or nearly half, of the Toronto Stock Exchange’s 30 top performers on the TSX30 2020 ranking are mining companies, TMX Group reported on Tuesday.
The ranking showcases TSX’s 30 top-performing stocks that represent sustained excellence over the long-term. Founded in 2019, the TSX30 ranks stocks based on dividend-adjusted share price appreciation over a three-year period.
Mining companies in this year’s rankings posted an average three-year share price performance of 223%. The average for this year’s cohort of all 30 companies was 242%, generating a market capitalization increase of $221 billion.
The TMX Group also noted that one-third of this year’s top-performing companies were also on last year’s list
“The TSX30 demonstrates the strength of the Canadian capital markets ecosystem and the ability of Canadian companies to compete globally, despite unique circumstances,” said TMX Group’s Richard Goodman, head of capital development at the Toronto Stock Exchange and the TSX Venture Exchange.
The TMX Group also noted that one-third of this year’s top-performing companies were also on last year’s list, “which supports the notion that companies with strong fundamentals that excelled pre-Covid can also perform well during times of crises,” the group said.
The mining companies on this year’s list are: Kirkland Lake Gold (TSX: KL) (363%); Alacer Gold (TSX: ASR) (349%); International Tower Hill Mines (TSX: ITH) (292%); Wesdome Gold Mines (TSX: WDO) (285%); Dundee Precious Metals (TSX: DPM) (273%); Teranga Gold (TSX: TGZ) (250%); Trilogy Metals (TSX: TMQ) (238%); Orla Mining (TSX: OLA) (192%); Champion Iron (TSX: CIA) (169%); Sandstorm Gold (TSX: SSL) (160%); Wheaton Precious Metals (TSX: WPM) (144%); Yamana Gold (TSX: YRI) (142%); Lundin Gold (TSX: LUG) (132%); and SSR Mining (TSX: SSRM) (130%).
In addition, Sprott Inc. (TSX: SII), a significant investor in the mining and metals industry, posted an average three-year performance of 143%.
The Toronto Stock Exchange launched its inaugural TSX30 in 2019.
(This article first appeared in The Northern Miner on September 16)
