The mining sector is about to enter an unprecedented era of opportunity. With metal prices surging and demand hitting all-time highs, 2025 is shaping up to be a breakout year for savvy investors.
Citigroup, Goldman Sachs and Bank of America are all calling for $3,000 gold by mid-2025.¹ Silver is already on a tear at $33 per ounce with some experts predicting a jaw-dropping $100, and copper prices have spiked over 17% in 2024 alone. Zinc isn’t far behind, up over 15% since the start of the year. The numbers tell a story of growing demand driven by electric vehicles, green energy projects, and emerging markets.
And the best part? This is just the beginning of a metals supercycle that’s expected to deliver explosive growth for well-positioned mining companies. The global push for critical minerals is rewriting the rules, making this the perfect time to zero in on the stocks that are primed for big things in 2025.
As the world transitions to a greener future, the companies leading the charge in producing high-demand materials like copper, nickel, gold, and zinc are standing out. With billions in revenue growth posted by key players in 2024 and technological advancements slashing production costs, now is the time to jump on the mining stocks that will dominate 2025.
Here are the top 5 mining stocks to watch this year:
- Nova Pacific Metals Corp. (CSE:NVPC) (OTCQB:NVPCF)
- Ivanhoe Mines Ltd. (TSX:IVN) (OTCQX:IVPAF)
- Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM)
- Goliath Resources Limited (TSXV:GOT) (OTCQB:GOTRF)
- Skeena Resources Limited (TSX:SKE) (NYSE:SKE)
These five companies represent a mix of exploration and production-focused firms, each poised for growth as the mining sector continues to evolve.
1. Nova Pacific Metals Corp. (CSE:NVPC) (OTCQB:NVPCF)
Nova Pacific Metals Corp. (CSE:NVPC) (OTCQB:NVPCF) is perfectly positioned to ride the wave of the booming metals supercycle. With gold, silver, copper, and zinc prices hitting record highs and demand soaring, this emerging player is rapidly gaining attention across North America with its Lara VMS Project in British Columbia, Canada.
The Lara VMS Project is just 64 km from Victoria, and offers all-year road access and nearby deep-water ports providing direct shipping routes to global markets.
The project has already seen extensive historical exploration with 323 drill holes totaling over 58,000 meters, revealing high-grade, near-surface mineralization that positions it for a clear pathway to production.²
According to an independent NI 43-101 compliant technical report, the Lara Project’s inferred resource includes 1.8 million tonnes grading 3.01% zinc, 32.97 g/t silver, 1.05% copper, and 1.97 g/t gold.³ What’s more, 80% of the property remains underexplored, leaving substantial potential for resource expansion, with Phase I exploration set to begin in Q1 2025.
Nova Pacific Metals (CSE:NVPC) (OTC:NVPCF) has engaged⁴ Mineit Consulting and Sacré-Davey Engineering to conduct a resource gap analysis and design an exploration program to enhance both tonnage and grade, positioning the company for further growth.
Nova Pacific Metals is not only advancing this high-grade project but has also secured financing to accelerate exploration activities, further enhancing its value proposition to investors. Thanks to strong investor demand, the company has upsized⁵ its previously announced non-brokered private placement to 12,000,000 units at $0.25 per unit, raising up to $3 million.
This positions Nova Pacific Metals Corp. (CSE:NVPC) (OTCQB:NVPCF) for an exciting year ahead as metal prices continue to rise.
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2. Ivanhoe Mines Ltd. (TSX:IVN) (OTCQX:IVPAF)
Ivanhoe Mines Ltd. (TSX:IVN) (OTCQX:IVPAF) is a leading international mining company with a portfolio of world-class projects in Africa. The company is best known for its Kamoa-Kakula copper project, situated in the Central African Copperbelt.⁶
The Kamoa-Kakula Copper Complex is the world’s fastest-growing and highest-grade major copper mine, with the lowest carbon emissions. Commercial production began in July 2021, and with the Phase 3 concentrator, which reached commercial production in August 2024, the mine’s total copper production capacity is expected to exceed 600,000 tonnes per year, positioning Kamoa-Kakula as the third-largest copper mine globally.
Ivanhoe Mines continues to deliver strong operational performance. Kamoa-Kakula set a new record in Q3, milling 3.3 million tonnes and producing 116,313 tonnes of copper in concentrate, with the Phase 3 concentrator ramping up.⁷
The company is also advancing its other projects, including the Platreef platinum group metals project in South Africa.⁸ With its strong financial position and a robust pipeline of projects, Ivanhoe Mines is well-positioned for long-term growth.
3. Hudbay Minerals Inc. (TSX:HBM) (NYSE: HBM)
Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) is a diversified mining company focused on copper, zinc, and gold production. With operations in North and South America, Hudbay has a solid track record of delivering consistent production and cash flow. The company’s flagship Constancia copper mine in Peru is a major driver of its growth, supported by ongoing exploration efforts to expand its resource base.
Hudbay Minerals reported Q2 2024 copper production of 28,578 tonnes and gold production of 58,614 ounces, reflecting a 32% and 20% increase over Q2 2023, respectively.⁹ The company reaffirmed its 2024 production guidance and lowered cash cost guidance due to operational efficiencies. Notable achievements include increased throughput at the New Britannia mill and stabilized operations at Copper Mountain.
Hudbay Minerals received an Aquifer Protection Permit for its Copper World project from the Arizona Department of Environmental Quality, marking a key milestone. Copper World is expected to produce 85,000 tonnes of copper annually over a 20-year mine life and increase Hudbay’s total copper output by over 50%.¹⁰ The project will play a vital role in the US supply chain by delivering “Made-in-America” copper. The final state-level Air Quality Permit is progressing and remains crucial to the project’s advancement.
4. Goliath Resources Limited (TSXV:GOT) (OTCQB:GOTRF)
Goliath Resources Limited (TSXV:GOT) (OTCQB:GOTRF) is a Canadian exploration company focused on discovering high-grade gold and silver deposits in British Columbia. The company’s flagship Golddigger Property in British Columbia’s Golden Triangle has yielded impressive drilling results, with multiple high-grade intercepts of gold and silver.¹¹ Goliath’s exploration success has attracted significant investor interest.
What sets Goliath apart is its focus on high-grade, near-surface mineralization, which has the potential to translate into lower production costs and higher margins in the future.
Goliath Resources completed a successful 2024 drilling season on its Golddigger Property, drilling 38,125 meters.¹² Highlights include visible gold found in 59 drill holes, the delineation of the Bonanza High-Grade Gold Triangle, and the discovery of the Deep Zone at 1,239 meters below surface.
Additionally, assays are pending for 105 holes, including from the Treasure Island and Jackpot zones. The company expanded its land package by 28% to cover additional mineralized areas and continues to explore high-grade gold opportunities at multiple sites.
5. Skeena Resources Limited (TSX:SKE) (NYSE:SKE)
Skeena Resources Limited (TSX:SKE) (NYSE:SKE) is a leading exploration and development company focused on revitalizing the past-producing Eskay Creek and Snip mines in British Columbia’s Golden Triangle.¹³
Skeena’s 100%-owned Eskay Creek Project, located in British Columbia’s Golden Triangle, is a high-grade volcanogenic massive sulphide (VMS) deposit. Previously operated as an underground mine from 1994 to 2008, the project is now being revitalized for future production, leveraging its high-grade resource potential.¹⁴ The project is expected to be a significant low-cost producer of gold and silver, with robust economics and strong cash flow potential.
Skeena Resources has made significant progress in advancing Eskay Creek toward production, with a feasibility study completed and construction well underway. The company’s strategic location in the Golden Triangle, a prolific mining district, further enhances its growth prospects. In addition to Eskay Creek and Snip, Skeena owns over 170,000 hectares in the Golden Triangle, making it the third largest landholder behind Newmont and Teck Resources. Skeena remains committed to sustainable mining and strong partnerships with Indigenous communities.
With strong backing from institutional investors and a clear path to production, Skeena is well-positioned to become a major player in the gold mining industry.
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