November 1, 2023
“Unlock the Fortune: 5 Copper Stocks to Skyrocket on the TSX in 2023!
2023 is expected to be a prosperous year for copper stocks and mining companies, especially on the Toronto Stock Exchange (TSX). According to experts, copper prices should soar due to increased demand from electric vehicles and renewable energy. With that in mind, here is an overview of the Top 5 copper stocks to consider investing in on the TSX in 2023.
First up is Taseko Mines (TSX:TKO). Taseko Mines is a well-established and advanced stage copper and gold producer based in Canada with two producing mines – Florence in Arizona and Prosperity in British Columbia. The company has also recently acquired the New Prosperity Gold Copper Project in British Columbia, which should give Taseko an edge over its competitors and spur sustained growth.
Second on the list is Teck Resources (TSX: TECK.B). Teck is a major player in the mining industry and produces several metals and minerals, including copper. One of its recently acquired projects includes the Antamina copper mine, located in the Peruvian Andes and operated by Teck-led joint venture. Teck should also benefit from increased demand and prices for copper over the long-term, making it an attractive option for investors in 2023.
Third is Capstone Mining (TSX:CS). Capstone Mining is a Canadian-based copper miner with operations in Canada, Mexico, and Chile. Its current portfolio of copper projects includes the Minto Mine in Canada, the Santo Domingo mine in Chile, and the Cozamin Mine in Mexico. Capstone Mining is well-positioned to capitalize on copper prices in 2023, and is an attractive option for long-term investors.
Moving onto the fourth highest copper stock on the TSX is Highland Copper Company Inc. (TSX-V: HI). Based in Canada, Highland is a growth-stage copper mining company operating a flagship project, the Copperwood Copper Project in Michigan. The company is also exploring for copper and gold in the United States and Canada. Given the demand for copper in 2023 and beyond, this stock should be considered for copper-focused investments.
Finally, Royal Gold Inc. (TSX: RGL) rounds off the top five. Royal Gold is a royalty company providing financing to various miners and producers in return for the right to purchase a portion of their future production at a fixed price. Royal Gold’s copper portfolio is diversified among numerous world-class mining operations, making it a top pick for investors seeking copper exposure in 2023.
So there you have it – the Top Five copper stocks to consider for investment in 2023, according to the TSX. As always, it is important to perform careful due diligence when investing in any stock, and copper stocks are no exception. However, these five stocks are well-positioned to capitalize on expected increases in global copper demand in the coming years. As such, investors may find these appealing options for their portfolios.