Unveiling 2024’s Hottest Copper Stocks: The Top 5 players on the TSX
1. Teck Resources Ltd. (TECK.B)
Teck Resources Ltd has long been recognized as one of the leading mining and mineral development companies in the world and its copper operation is no exception. Based in Vancouver, Canada, Teck Resources boasts a diverse portfolio covering everything from steelmaking coal and zinc to energy products and copper. In 2024, this stock has emerged as one of the top picks in the copper sector for its strong performance and increasing production rates. It has numerous mines throughout North and South America, and its Quebrada Blanca Phase 2 project in Chile is expected to significantly boost copper production in the upcoming years, providing a strong base from which the stock can grow.
2. Capstone Mining Corp. (CS)
Capstone Mining Corp. is a Canada-based company engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a primary focus on copper. Its main properties are Pinto Valley in the US and Cozamin in Mexico. The company has exhibited a consistent track record of increasing its high-grade copper reserves. In 2024, CS has become an attractive choice of investment for its robust resource base, growth prospects, and strong financial performance. The company’s disciplined approach to investment and focus on sustainability and low-cost production have seen it gaining significant interest from investors.
3. First Quantum Minerals (FM)
First Quantum Minerals has become one of the top recommendations for copper investors in 2024 due to its strategic focus on exploring, developing, and operating copper mines. Headquartered in Toronto, Canada, the company operates in seven countries and is famous for its ability to design, build and operate successful projects. Its two largest copper-producing mines, the Kansanshi mine in Zambia and the Cobre Panama mine in Panama, are among the world’s top copper producers. First Quantum’s capacity to deliver large-scale, efficient production has contributed to its strong positioning on the TSX.
4. Turquoise Hill Resources (TRQ)
Turquoise Hill Resources has garnered the attention of many investors interested in copper production. This Canadian mineral exploration and development company’s primary operation is its 66% interest in the Oyu Tolgoi copper-gold mine in southern Mongolia, one of the world’s most significant copper-gold-silver mines. The company is currently developing the underground portion of the Oyu Tolgoi, which is expected to generate massive production of copper for decades. The future outcome of