Cassiar Gold Corp. (TSXV: GLDC, OTCQX: CGLCF)
Revitalizing the Cassiar Gold District in British Columbia, Canada
Despite macroeconomic uncertainties and concerns about a global trade war potentially keeping investors cautious in the short term, some TSX (Toronto Stock Exchange) stocks continue to rally strongly, with investors showing sustained confidence in their long-term growth potential. In this article, we’ll take a closer look at two outstanding TSX stocks that are performing exceptionally well and showing no signs of slowing down.
The first stock on this TSX winners’ list is Lundin Gold (TSX: LUG). Lundin Gold, a mining company based in Vancouver, operates the Fruta del Norte mine in Ecuador, one of the world’s highest-grade gold mines. Lundin Gold’s stock has been on fire recently, soaring 131% over the past year. Its current price stands at $37.64 per share, with a market capitalization of $9 billion. With an annual dividend yield of 2.2%, it’s an attractive stock even for income-focused investors.
The company continues to deliver record-breaking financial performance. In the fiscal quarter ending September 2024, revenue grew 53% year-over-year to $323 million. More impressively, the company’s adjusted earnings per share (EPS) nearly tripled, increasing 195% year-over-year to $0.56.
With a plant expansion expected to increase daily processing capacity to 5,000 tonnes and an ongoing 80,000-meter exploration program, Lundin Gold is truly an unstoppable TSX stock.
The second standout TSX stock is Kinross Gold (TSX: K), a global leader in gold mining with operations spanning the U.S., Brazil, Chile, Mauritania, and Canada.
Recently, Kinross Gold’s stock has surged 122% over the past year, currently trading at $16.44 per share with a market capitalization of $20.1 billion. The stock offers a 1% annual dividend yield.
In the third quarter of 2024, Kinross Gold’s revenue surged 30% year-over-year to $1.4 billion, while adjusted net income more than doubled to $299 million. The company also set a record with $414.6 million in free cash flow during the same quarter.
With the Manh Choh project advancing and the Great Bear project projecting an annual output of 500,000 ounces, Kinross’ stock seems poised for continued growth.
