Canadian Gold Stocks – Top TSX Gold Stocks for February 2025
Key takeaways
Canada remains a gold mining powerhouse – With some of the world’s largest and most efficient gold producers, Canada continues to be a key player in the global gold market, offering investors diverse opportunities ranging from senior producers to royalty companies.
Gold prices drive profitability, but company strategy matters – While gold price fluctuations impact all miners, companies with low production costs, strong balance sheets, and smart acquisitions (like Agnico Eagle and Barrick) are better positioned to thrive in any market environment.
Diversification within the gold sector offers different risk-reward profiles – Whether you want the stability of a royalty company like Franco-Nevada, the growth potential of mid-tier miners like B2Gold, or the high-grade focus of Wesdome, investors can build a balanced gold portfolio to match their risk tolerance.
3 stocks I like better than the ones on this list.Investing in precious metal mining stocks is an extremely popular endeavor. And while some industries are more volatile than others, like lithium miners, gold investors finally have something to cheer about.
Why have physical gold and Canadian gold stocks made a comeback?
Market volatility and the shaky outlooks of future government policy, primarily.
We watched Canadian tech stocks soar during lockdowns and ultra-low interest rate environments while even though it was the perfect environment for gold to soar, it didn’t. This left many investors frustrated. During periods of high inflation and high government spending, gold should rise, shouldn’t it?
However, fast forward to 2024/2025 and many investors are finally starting to realize the benefits of their purchase, as gold is soaring to new highs on a monthly basis. Uncertainty when it comes to government spending and the state of the economy is causing investors to flood to gold.
More uncertainty = higher gold prices
If you’re new to buying stocks, you may not know that gold bullion has long been considered a haven for investors in times of uncertainty.
In the face of recent volatility and uncertain geo-political environment, investors have begun to once again warm to the precious metal. This bodes well for the top gold stocks and the price of gold overall.
There is also another catalyst that can support gold’s price. Industry experts believe we reached peak gold in 2017, which means that moving forward, world gold extraction will decline. There has been a significant decrease in exploration, and the lack of reserve replacements has experts leaning bullish.
After years of underperformance, gold has finally broken out to the upside and is regaining its swagger as a stable metal. The S&P/TSX Global Gold Index has outperformed the TSX Index over the last few years.
Considering gold makes up a ton of Canadian stocks on the TSX, it’s essential for the Index that they succeed.
Lets go over what I believe are some of the best gold stocks in the country today.
What are the top Canadian gold stocks to buy right now?
One of Canada’s largest gold producers
Agnico Eagle Mines (TSE:AEM)

Agnico Eagle is a leading gold miner with operations across Canada, Finland, Australia, and Mexico. The company has built a reputation for consistent production growth, a strong balance sheet, and a shareholder-friendly dividend policy. With its recent merger with Kirkland Lake Gold, Agnico has strengthened its position as one of the biggest and most efficient gold miners in Canada.
P/E: 49.6
5 Yr Revenue Growth: 25.8%
5 Yr Earnings Growth: -%
5 Yr Dividend Growth: 30.5%
Yield: 1.6%
A global gold mining powerhouse
Barrick Gold Corp (TSE:ABX)

Barrick Gold is one of the world’s largest gold mining companies, with operations spanning North and South America, Africa, and the Middle East. The company is known for its large-scale mines, strong cash flow generation, and a history of strategic partnerships to maximize value. Barrick’s commitment to reducing debt and increasing shareholder returns makes it an attractive play in the gold sector.
P/E: 18.8
5 Yr Revenue Growth: 10.4%
5 Yr Earnings Growth: -%
5 Yr Dividend Growth: 28.3%
Yield: 2.3%
A mid-tier gold producer with global exposure
B2Gold (TSE:BTO)

B2Gold is a rapidly growing gold producer with mines in Africa, the Philippines, and Central America. The company has built a strong track record of ramping up production while maintaining relatively low costs. With a debt-free balance sheet and growing free cash flow, B2Gold has positioned itself as one of the more attractive mid-cap gold plays.
P/E: –
5 Yr Revenue Growth: 13.9%
5 Yr Earnings Growth: -12.2%
5 Yr Dividend Growth: -%
Yield: 6.3%
A high-grade gold producer in Canada
Wesdome Gold Mines (TSE:WDO)

Wesdome Gold Mines is a smaller, high-grade gold producer focused on Canadian assets, including the Eagle River and Kiena mines. The company has built a strong reputation for producing high-grade gold with a focus on operational efficiency. Investors looking for exposure to a smaller, pure-play Canadian gold stock may find Wesdome an attractive pick.
P/E: 26.6
5 Yr Revenue Growth: 23.5%
5 Yr Earnings Growth: -%
5 Yr Dividend Growth: -%
Yield: -%
The leading gold royalty and streaming company
Franco-Nevada Corporation (TSE:FNV)

Franco-Nevada isn’t a miner but a gold royalty and streaming company, meaning it provides upfront capital to miners in exchange for a percentage of future production. This model allows Franco-Nevada to benefit from rising gold prices without the risks of mine operations. With a diversified portfolio spanning multiple commodities and jurisdictions, it’s a low-risk way to gain gold exposure.
P/E: –
5 Yr Revenue Growth: 13.3%
5 Yr Earnings Growth: -%
5 Yr Dividend Growth: 7.4%
Yield: 1.1%