The TSX30 came out recently, and while the number one growth name went to a technology stock, the second place was perhaps more surprising with a mining stock taking that top spot. However, scroll down and you’ll see quite a lot of mining stocks hitting the top list over the last three years. So, what’s going on? And are there mining stocks investors can still benefit from?
What happened
Momentum continues to build in the mining sector, yet it’s not simply because of one market mover. In fact, there are multiple reasons behind today’s share price increase for miners. Yet of course, the most obvious comes from gold.
Gold has taken off, surging to US$4,000 per ounce this week. Macro risks like inflation and geopolitical uncertainty are all elevated, with capital increasingly flowing into safe haven assets such as gold. Mining and gold stocks, therefore, benefit from an investment in this area.
Yet gold isn’t alone, with
