Commodity Boom
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3 Mining Stocks to Ride the Commodity Boom Into 2026
ZACKSยท 2025-12-10 13:06
Core Insights - The mining industry experienced significant growth in 2025 due to a surge in commodity prices, particularly gold, copper, and silver, driven by economic and geopolitical uncertainties [1][3][4][9] - Three mining stocks, Newmont Corporation (NEM), Agnico Eagle Mines Limited (AEM), and Hecla Mining Company (HL), are highlighted as beneficiaries of the ongoing commodity price rally into 2026 [2][10] Commodity Price Trends - Gold prices reached record highs, exceeding $4,200 per ton, with a year-to-date increase of approximately 60% [4] - Copper prices fluctuated but generally trended upwards, closing the second quarter above $5 per pound and hitting an all-time high of around $5.96 per pound in July [6][5] - Silver prices surged over 100% this year, reaching record highs above $61 an ounce, driven by strong industrial demand and supply deficits [8] Company Performance and Outlook - Newmont Corporation (NEM) is focused on growth projects, with an expected earnings growth of 74.1% for 2025 and a share price increase of 152.8% year-to-date [15][14] - Agnico Eagle Mines (AEM) is advancing multiple projects and has an expected earnings growth of 83.9% for 2025, with shares up 112.6% this year [18][16] - Hecla Mining (HL) is benefiting from strong production performance, with an expected earnings growth rate of 245.5% for 2025 and shares surging 246.3% year-to-date [20][19]