AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
Several factors, including global economic stability and trade policy, are likely to continue to be key drivers of Canadian mining stocks in 2025. Commodity prices, including gold, silver and copper, continue to ebb and flow as new trade policies could have a significant impact on the sector’s outlook.
According to an Ernst & Young report, mining stocks will remain attractive investments, especially for long-term investors. With demand for key minerals such as copper, lithium and nickel rising amid the global energy transition, mining companies are under pressure to scale up production while maintaining financial discipline.
Simply put, this means investors are likely to see an increase in mergers and acquisitions, strategic partnerships and new financing strategies to secure the capital needed for expansion in the coming years.
Meanwhile, another important factor that could play a decisive role in determining commodity prices this year is global economic stability and trade policies, particularly among major commodity-consuming countries such as China, the US and Europe.
While demand for gold and silver remains strong due to global economic uncertainty and hedging against inflation, base metal prices will continue to fluctuate in response to potential shifts in policy by the new U.S. administration.
Based on long-term fundamentals and improving financial growth trends, Barrick Gold (TSX:ABX) could be a solid investment option for investors in 2025. As one of the largest companies in the Canadian gold mining sector, Barrick has a strong global presence. Trading at C$23.89 per share on the Toronto Stock Exchange, Barrick stock has a market capitalisation of C$41.3 billion and also offers a dividend yield of 2.3%.
Despite a number of challenges, the company’s financial growth trends show steady momentum. In the third quarter of 2024, Barrick’s total revenues increased 17.7 per cent year-over-year to C$3.4 billion, helped by the Pueblo Viejo expansion and sequential growth in copper production.
What’s more, Barrick’s adjusted quarterly earnings climbed 25 per cent to C$0.30 per share, thanks in large part to the continued sharp rise in the price of the precious metal gold. If you need to add one Canadian mining stock in the portfolio right now, Barrick Gold is a top choice.
