Gold mining dominates TSX top-performing stocks amid rotation to ‘certainty’

Group 1: Market Overview - The latest TSX 30 ranking indicates a shift towards safe havens amid economic uncertainty, with a focus on mining, AI, and industrials [1][3] - Investors are rewarding companies that provide certainty in uncertain times, contrasting with previous years' focus on growth investing [2][3] Group 2: Mining Sector Performance - Mining firms dominated the TSX 30 list, with 17 out of 30 companies being mining-related, and 15 of those specifically in gold [4] - Lundin Gold Inc. achieved a 775% dividend-adjusted return over three years, while Avino Silver & Gold Mines Ltd. and New Gold Inc. reported returns of 610% and 394%, respectively [4] - The strong performance of gold companies is attributed to a significant rise in bullion prices, which increased from about US$2,500 to over US$3,600 an ounce [5] Group 3: Factors Influencing Gold Prices - Central banks globally are buying gold instead of U.S. Treasuries, contributing to rising gold prices [7] - Successful gold companies focus on operational efficiency, cost management, and increasing shareholder value [8] Group 4: Technology and Industrial Sector Performance - Celestica Inc. topped the TSX 30 with a 1,599% dividend-adjusted return, driven by demand for advanced electronic manufacturing and supply chain solutions [9][10] - The technology sector had the largest average share price increase at 620% over three years [10] - Industrial firms like Bombardier Inc. and Bird Construction Inc. are benefiting from capital investment in infrastructure, driven by energy transition and modernization needs [11]