Mining firms claimed most spots on this year’s TSX30 list, but an artificial intelligence infrastructure specialist still finished first.
Celestica Inc (TSE: CLS) (NYSE: CLS) (FRA: CTW0) held the top spot for a second consecutive year after a 2,590 per cent dividend-adjusted three-year share price rise that expanded its market capitalisation from C$1.9 billion to C$59.5 billion. The company has benefited from surging demand for data centre equipment and networking hardware as hyperscaler companies expand their AI capacity.
While Celestica led the list, mining companies made up 18 of the 30 spots, or 60 per cent, marking the highest share ever recorded and a further rise from the 57 per cent (17 firms) seen in 2025. This continues a clear trend of strong mining representation that has built over recent years.
Among miners, Montage Gold Corp (TSE: MAU) (OTCMKTS: MAUTF) (FRA: 5OO) ranked second with a 2,502 per cent gain. Avino Silver & Gold Mines Ltd (TSE: ASM) (NYSEAMERICAN: ASM) (FRA: GV6) placed fifth at 958 per cent, followed by Discovery Mining Ltd (TSE: DSV) (OTCMKTS: DSVSF) (FRA: 1CU), AbraSilver Resource Corp. (TSE: ABRA) (OTCMKTS: ABBRF) (FRA: 1AH) and G Mining Ventures Corp (TSE: GMIN) (OTCMKTS: GMNIF) (FRA: W97).
Outside tech and mining, Bird Construction Inc (TSE: BDT) (OTCMKTS: BIRDF) (FRA: 6LT) and Hammond Power Solutions Inc (TSE: HPS.A) (OTCMKTS: HMDPF) (FRA: T11) delivered solid industrial returns while energy producers Tenaz Energy Corp (TSE: TNZ) (OTCMKTS: ATUUF) (FRA: 7F4) and Valeura Energy Inc. (TSE: VLE) (OTCMKTS: VLERF) (FRA: 83PN) were also featured.
#TSX30 miners
Montage Gold
Avino Silver & Gold
Discovery Mining
AbraSilver
G Mining Ventures
Faraday Copper
Andean Precious Metals
Trilogy Metals
Aris Mining
IAMGold
Perpetua Resources
Skeena Resources
Lundin #Gold
Americas Gold and Silver
Kinross Gold
DPM Metals
Hudbay Minerals https://t.co/Z89haSIuk0— Gold Royalties (@GoldRoyalties) September 9, 2026
Read more: NevGold adds new CFO ahead of Limousine Butte engineering study
Building on TSX-V mining prowess
The senior exchange results extend the mining sector’s near-total control of the 2026 TSX Venture 50, where 48 of the 50 top performers were miners and the group posted average share price gains above 400 per cent.
Eleven of the 18 mining companies on the TSX30 started out on the TSX Venture Exchange before graduating to the senior board. This shows how effectively Canada’s two-tier market system helps junior explorers raise capital and grow into larger-scale operators.
NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) is a junior miner that ranked among the notable Venture 50 companies, highlighting continued investor interest in gold and antimony projects located in stable North American jurisdictions.
Factors driving the trend
Record precious metal prices have provided the main support with gold demand remaining robust amid geopolitical risks and central bank purchases. Copper has also reached all-time highs, driven by tight mine supply and rising demand from AI and clean tech. Broader critical minerals needs for electric vehicles, AI infrastructure and energy have drawn additional capital too.
Although 26 of the 30 TSX30 firms are headquartered in Canada, only a minority of the mining companies maintain their primary operations inside the country. Most pursue international projects.
Even so, the sector remains essential for Canada as the broader economy struggles. Canada’s mining industry continues to deliver jobs, export earnings and commodities the nation is in dire need of.
Read more: NevGold files technical report backing Limousine Butte gold-antimony resource
NevGold is a sponsor of Mugglehead news coverage
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