The stellar performance of the mining industry was reflected in the 2020 edition of the annual TSX 30, which highlights the top 30 performers on the main exchange over the last three years, based on dividend-adjusted share price appreciation. 15 mining-focused companies made the 2020 TSX30, compared to eight in the inaugural 2019 edition. Kirkland Lake Gold (#4), Wesdome Gold Mines (#7) and Troligy Metals (#12) were the only companies also present in the inaugural 2019 edition.
“The most recent prolonged downturn forced companies to become more financially disciplined; corporate and socially responsible; as well as more operationally efficient and thrive for gains in operational efficiencies and productivity.”
Dean McPherson,
Head, Business Development – Global Mining,
Toronto Stock Exchange and TSX Venture Exchange
“Through three transactions, we took four junior producers, KL, St Andrew Goldfields, Newmarket Gold (Fosterville) and Detour Gold (Detour Lake), and created one, stronger, more valuable company. Through these deals, we generated significant value by combining assets with considerable exploration upside and then investing aggressively in the drill bit to prove up their potential.”
Anthony (Tony) Makuch,
President & CEO,
Kirkland Lake Gold
(TSX: KL)
“I think the investing public saw a company which operates a mine in a great jurisdiction (Ontario), visibility to opening a mine in another great jurisdiction (Québec), and a tangible path to become a 200,000+ oz/y producer in the near term.”
Duncan Middlemiss,
President & CEO,
Wesdome Gold Mines
(TSX:WDO)
