2 Canadian Mining Stocks Worth Considering Right Now

Geopolitical turmoil continues to cause major uncertainty. Oil prices are closing in on $93 again at the time of writing, and our eyes are on the economy.  Experts are raising the alarm, as signs of rising inflation, lower growth, and ultimately a recession are building. So where is an investor to turn? What stocks can offer us some shelter from this storm?

In this article, I’ll discuss two Canadian mining stocks that I continue to be quite bullish on. These stocks have great track records, and as they continue to navigate the positive fundamentals of their respective industries, investors should pay attention.

Without further ado, let’s take a look.

Agnico-Eagle Mines

Gold is a safe haven. It’s the best store of value that we have today, and it has stood out as an investment of choice in a highly uncertain time. Let’s take the last 5 to 10 years as an example. Since the end of 2019, the price of gold has risen 221%. But the biggest rise has come in recent years with the increased tension coming from the U.S. agenda.

To position myself in this environment, my favourite Canadian gold mining stock has been Agnico-Eagle Mines Ltd. (TSXLAEM) stock. Agnico is a global gold producer with a difference. While most other gold producers operate their mines in politically unsafe jurisdictions, Agnico made the decision long ago to stay in safe jurisdictions.

This effectively lowered the risk profile of this gold mining stock. It also afforded Agnico the luxury of being laser-focused on driving shareholder value and stability within its operations. Since 2021, Agnico’s operating cash flow has increased more than 400% to $1.3 billion. Also, its earnings per share (EPS) increased 361% to $8.31. And this has been reflected in Agnico Eagle’s stock price performance.

In Agnico’s 2025 financial results, the company reported earnings per share of $8.31 versus $4.23 in the prior year. Also, operating cash flow was a record $6.8 billion and free cash flow was a record $4.4 billion.

Finally, Agnico-Eagle stock’s quarterly dividend increased 12.5%.

Teck Resources

Copper is another base metal that’s experiencing strong increases in recent years. This is not surprising given the importance of the metal to modern society. Copper is, in fact, a critical mineral. It’s valued for its excellent electrical and thermal connectivity, durability, and resistance to corrosion.

Naturally, this has meant significant increases in demand for copper, given its essential role in electricity networks and clean energy technology. Everything energy-related, from electric vehicles to data centres, requires copper. This has driven a historical rally in copper prices. In the last five years, the price of copper has increased 87% to US$6.08 per pound. The environment of strong demand mixed with limited supply growth continues.

Teck Resources Ltd. (TSX:TECK.B) is benefiting from increased demand. In 2025, the company reported a 48% increase in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to $4.3 billion. In Q4 2025, the increase was even greater, at 81% to $1.5 billion. This was driven primarily by increased copper prices.

As you can see from Teck Resources’ stock price graph above, the stock has not fully reacted to these positive fundamentals. This is why I see strong upside.

The bottom line

Investing in the two Canadian mining stocks discussed in this article gives investors exposure to two strong trends that continue to drive markets. And this means that, in my view, Agnico Eagle’s stock price and Teck Resources’ stock price both continue to have strong upside.

The post 2 Canadian Mining Stocks Worth Considering Right Now appeared first on The Motley Fool Canada.

Should you invest $1,000 in Agnico Eagle Mines right now?

Before you buy stock in Agnico Eagle Mines, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Agnico Eagle Mines wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have over $18,000!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 94%* – a market-crushing outperformance compared to 85%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of April 20th, 2026

More reading

• Gold, Staples, or Cash: Where Should You Put Your Money When Markets Get Rocky?
• 2 Canadian Stocks Built to Be TFSA Cornerstones Through a Volatile Market
• 2 Dividend Stocks to Hold for the Next 20 Years

Fool contributor Karen Thomas has a position in Agnico-Eagle Mines. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.