1. First Quantum Minerals Ltd. (TSX: FM)
First Quantum Minerals is a leading copper producer with operations in multiple countries, including Zambia, Panama, and Australia. The company has a diverse portfolio of mining projects, with a focus on copper but also producing nickel, gold, and other minerals. First Quantum’s strong production capabilities and solid financial position make it a top copper stock to consider in 2024.
2. Teck Resources Limited (TSX: TECK.B)
Teck Resources is a diversified mining company with significant copper production assets, including its Highland Valley Copper mine in British Columbia. The company has a robust growth pipeline, including the development of the Quebrada Blanca Phase 2 project in Chile, which is expected to significantly increase its copper production capacity. With a focus on sustainability and responsible mining practices, Teck Resources is well-positioned for long-term success in the copper market.
3. Lundin Mining Corporation (TSX: LUN)
Lundin Mining is a mid-tier copper producer with operations in Chile, Sweden, Portugal, and the United States. The company has a strong track record of operational excellence and financial discipline, making it a reliable investment option for those looking to gain exposure to the copper market. Lundin Mining’s growth projects, such as the Candelaria Expansion project in Chile, are expected to further enhance its copper production profile in the coming years.
4. Capstone Mining Corp. (TSX: CS)
Capstone Mining is a well-established copper producer with operations in Canada and the United States. The company owns and operates the Pinto Valley mine in Arizona, which is a significant source of copper production for Capstone. With a focus on operational efficiency and cost control, Capstone Mining has been able to generate strong cash flows even during challenging market conditions. As copper prices continue to rise, Capstone Mining is poised to benefit from increased revenues and profitability.
5. Taseko Mines Limited (TSX: TKO)
Taseko Mines is a copper producer with the Gibraltar mine in British Columbia being its flagship operation. The company also has interests in the Florence Copper project in Arizona, which is a high-grade in-situ copper recovery project. Taseko Mines has a solid growth strategy focused on optimizing its existing operations and advancing its development projects to unlock additional value for shareholders. With a strong management team and a clear growth roadmap, Taseko Mines is one of the top copper stocks to watch on the TSX in 2024.
