1. Teck Resources Limited:
Teck Resources Limited stands prominently as one of the major zinc producers, not just within the borders of Canada, but globally. As of 2024, this company has solidified its position with a significant increase in zinc production levels and stocks. The diversified mining company boasts an impressive portfolio of zinc, metallurgical coal, oil, copper and lead. Zinc production takes place in their Red Dog and Pend Oreille operations within North America. The upsurge in their zinc activities has resulted in bolstering their stocks, creating a favorable impact on the overall financial health of the company.
2. Lundin Mining Corporation:
Perhaps one of the most well-known names in the mining industry, Lundin Mining Corporation has seen significant growth in its zinc department. Engaged in the exploration, development and extraction of zinc, copper, nickel and lead, the company’s zinc-centered operations occur primarily in their Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal. And despite being a global corporation, its Canadian roots remain strong, making it vital in Canada’s zinc industry. The company’s shares have carved out a steady rising trajectory in the stock market, making it one of the top Canadian zinc stocks as of 2024.
3. Trevali Mining Corporation:
Ranking third in the list of biggest Canadian zinc stocks in 2024, Trevali Mining Corporation has a core focus on zinc. This mid-tier natural resource company owns four mines, including the half-billion tonne giant Santander mine in Peru, and the Caribou mine in northern New Brunswick, Canada. Trevali also holds interests in properties throughout America and Africa. The company’s commitment to expanding its zinc production has escalated its standing within the stock market, signaling an impressive growth trajectory.
4. HudBay Minerals Inc.:
HudBay Minerals Inc., another Canadian mining corporation, has continuously shown robust growth in extracting, processing, and refining zinc and other metals. Their operations stretch from Manitoba and Peru, to Arizona. The impressive global reach of HudBay has supported its strong presence in the zinc industry. The renewed interest and growth in their zinc stocks sets them apart in the Canadian market. Their focus on sustainable mining practices and socially responsible operations further bolsters their image and appeal to investors.
5. NorZinc Ltd.:
NorZinc Ltd. rounds out our list of the five major Canadian zinc stocks in 2024. Though slightly smaller compared to the other companies on this list, NorZinc is a developer of the high-grade zinc-lead-silver Prairies Creek Mine located in Northwest Territories, Canada. The company’s strategic approach to evolve its zinc operations, coupled with a soaring demand for the metal, have propelled their stocks, gifting them a firm stance in the Canadian zinc industry.
These five companies represent a dynamic and promising sector of the Canadian mining industry. All have shown resilience, innovation, and growth as they navigate the highs and lows of the world’s demand for zinc. As more industries recognize zinc’s versatility and utility, these Canadian companies are well-positioned to meet the demand, making their stocks valuable additions to any resource-focused investment portfolio.
