2025 TSX30® Ranking
TSX30 is an annual ranking of the 30 top-performing companies on Toronto Stock Exchange (TSX). Eligible listed issuers are ranked based on their dividend-adjusted share price performance over a three-year period.
1CLS
Celestica Inc. (CLS)
SPP+1599%
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CLS
Celestica Inc. (CLS)
Celestica enables the world's best brands. The company builds trusted relationships and solve complex technology challenges to help customers realize greater value, potential and outcomes. They are a leader in high-reliability design, manufacturing and supply chain solutions that bring global expertise at every stage of product development – from the drawing board to full-scale production and after-market services. With talented teams across North America, Europe and Asia, Celestica imagines, develops and delivers a better future with their customers.

Global Operations: Canada, US, Romania, Ireland, Thailand, Malaysia, China, Japan, Spain, India, Indonesia, Philippines, South Korea, Laos, Singapore
SectorSector:
Technology
HeadquartersHQ: ON
3-Year Share Price Performance:

+1599%

2LUG
Lundin Gold Inc. (LUG)
SPP+775%
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LUG
Lundin Gold Inc. (LUG)
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the company and its stakeholders.

Global Operations: Canada, Ecuador
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+775%

3HPS.A
Hammond Power Solutions Inc. (HPS.A)
SPP+738%
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HPS.A
Hammond Power Solutions Inc. (HPS.A)
Hammond Power Solutions Inc. enables electrification through a broad range of dry-type transformers, power quality products and related magnetics. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications.

Global Operations: Canada, US, Mexico, India
SectorSector:
Industrial Products & Services
HeadquartersHQ: ON
3-Year Share Price Performance:

+738%

4TVK
TerraVest Industries Inc. (TVK)
SPP+661%
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TVK
TerraVest Industries Inc. (TVK)
TerraVest Industries is a market leading manufacturer of home heating products, propane, fuel, chemicals, anhydrous ammonia (“NH3”) and natural gas liquids (“NGL”) transport vehicles and storage vessels, energy processing equipment, fiberglass storage tanks, fuel supply systems and load bank.

Global Operations: Canada, US, Mexico, Thailand
SectorSector:
Industrial Products & Services
HeadquartersHQ: AB
3-Year Share Price Performance:

+661%

5ASM
Avino Silver & Gold Mines Ltd. (ASM)
SPP+610%
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ASM
Avino Silver & Gold Mines Ltd. (ASM)
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The company’s silver, gold and copper production remains unhedged. They intend to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through the growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa. As part of Avino’s commitment to adopting sustainable practices, they have been operating a dry-stack tailings facility for more than two years now with excellent results. They are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which Avino operates.

Global Operations: Canada, Mexico
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+610%

6PRL
Propel Holdings Inc. (PRL)
SPP+560%
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PRL
Propel Holdings Inc. (PRL)
Propel Holdings Inc. is the fintech company building a new world of financial opportunity for consumers, partners, and investors. Propel’s operating brands — Fora Credit, CreditFresh, MoneyKey and QuidMarket — and their Lending-as-a-Service product line facilitate access to credit for consumers underserved by traditional financial institutions.

Global Operations: Canada, US, United Kingdom
SectorSector:
Technology
HeadquartersHQ: ON
3-Year Share Price Performance:

+560%

7VNP
5N Plus Inc. (VNP)
SPP+548%
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VNP
5N Plus Inc. (VNP)
5N+ is a leading global producer of specialty semiconductors and performance materials. The company’s ultra‐pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial. Headquartered in Montréal, Quebec, 5N+ operates R&D, manufacturing and commercial centers in strategically located facilities around the world.

Global Operations: Canada, US, Germany, China
SectorSector:
Clean Technology & Renewable Energy
HeadquartersHQ: QC
3-Year Share Price Performance:

+548%

8GLXY
Galaxy Digital Holdings Ltd. (GLXY)
SPP+517%
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GLXY
Galaxy Digital Holdings Ltd. (GLXY)
Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. The company’s Digital Assets platform is strategically positioned to bridge traditional finance and the emerging digital economy, facilitating efficient access and adoption of digital assets through its Global Markets and Asset Management & Infrastructure Solutions businesses. Galaxy's Data Center business develops and will in the future operate cutting-edge AI and high-performance computing infrastructure to help meet the growing demand for reliable power and computing capacity.

Global Operations: North America, Europe, Asia
SectorSector:
Financial Services
HeadquartersHQ: USA
3-Year Share Price Performance:

+517%

9BBD.B
Bombardier Inc. (BBD.B)
SPP+514%
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BBD.B
Bombardier Inc. (BBD.B)
Bombardier designs, builds, modifies and maintains the world’s best-performing aircraft for the most discerning people, businesses, governments and militaries. The company’s fleet totals more than 5,100 aircrafts worldwide and is supported by a global network of Bombardier team members and strategically located service facilities.

Global Operations: Canada, US, Mexico, Germany, United Kingdom, Singapore, Australia, China, Switzerland, France, Austria, United Arab Emirates
SectorSector:
Industrial Products & Services
HeadquartersHQ: QC
3-Year Share Price Performance:

+514%

10AII
Almonty Industries Inc. (AII)
SPP+427%
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AII
Almonty Industries Inc. (AII)
Almonty is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Its Sangdong Mine in Gangwon Province, South Korea is currently under construction. The Sangdong Mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China. Almonty also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain.

Global Operations: Canada, South Korea, Portugal, Spain
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+427%

11NGD
New Gold Inc. (NGD)
SPP+394%
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NGD
New Gold Inc. (NGD)
New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for their shareholders and stakeholders.

Global Operations: Canada
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+394%

12K
Kinross Gold Corporation (K)
SPP+394%
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K
Kinross Gold Corporation (K)
Founded in 1993, Kinross Gold is a senior gold mining company with a diverse portfolio of mines and projects. Headquartered in Toronto, Canada, Kinross is focused on delivering value through operational excellence, balance sheet strength, disciplined growth, and responsible mining.

Global Operations: Canada, US, Mauritania, Brazil, Chile
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+394%

13IMG
IAMGOLD Corporation (IMG)
SPP+385%
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IMG
IAMGOLD Corporation (IMG)
IAMGOLD is a leading Canadian-focused gold producer driving the next leg of cashflow growth with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

Global Operations: Canada, Burkina Faso
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+385%

14TXG
Torex Gold Resources Inc. (TXG)
SPP+347%
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TXG
Torex Gold Resources Inc. (TXG)
Torex Gold Resources Inc. is an intermediate gold producer engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The company’s principal asset is the Morelos Complex, which includes the producing Media Luna Underground, ELG Underground, and ELG Open Pit mines, the development stage EPO Underground Project, a processing plant, and related infrastructure. Torex’s key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. In addition, the company is seeking opportunities to acquire assets that enable diversification and deliver value to shareholders.

Global Operations: Canada, Mexico
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+347%

15MDA
MDA Space Ltd. (MDA)
SPP+340%
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MDA
MDA Space Ltd. (MDA)
MDA Space is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure.

Global Operations: Canada, United Kingdom, US, Israel, Bulgaria
SectorSector:
Technology
HeadquartersHQ: ON
3-Year Share Price Performance:

+340%

16ATRL
AtkinsRéalis Group Inc. (ATRL)
SPP+334%
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ATRL
AtkinsRéalis Group Inc. (ATRL)
AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. They create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital.

Global Operations: Canada, US, Mexico, Peru, Brazil, Argentina, Chile, United Kingdom and Ireland, France, Germany, Romania, Poland, Algeria, Kuwait, Qatar, Egypt, Saudi Arabia, Oman, Bahrain, United Arab Emirates, India, China, Thailand, Vietnam, Malaysia, Singapore, South Korea, Macao
SectorSector:
Industrial Products & Services
HeadquartersHQ: QC
3-Year Share Price Performance:

+334%

17BDT
Bird Construction Inc. (BDT)
SPP+330%
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BDT
Bird Construction Inc. (BDT)
Bird is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

Global Operations: Canada, US
SectorSector:
Industrial Products & Services
HeadquartersHQ: ON
3-Year Share Price Performance:

+330%

18VHI
Vitalhub Corp. (VHI)
SPP+310%
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VHI
Vitalhub Corp. (VHI)
VitalHub is a leading software company dedicated to empowering health and human services providers globally. VitalHub's comprehensive product suite includes electronic health records, operational intelligence, and workforce automation solutions.

Global Operations: Canada, United Kingdom, Australia
SectorSector:
Technology
HeadquartersHQ: ON
3-Year Share Price Performance:

+310%

19AGI
Alamos Gold Inc. (AGI)
SPP+310%
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AGI
Alamos Gold Inc. (AGI)
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Island Gold District and the Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, Alamos has a significant portfolio of development stage projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.

Global Operations: Canada, Mexico, Turkey
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+310%

20SHOP
Shopify Inc. (SHOP)
SPP+290%
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SHOP
Shopify Inc. (SHOP)
Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, SKIMS, Supreme, and many more.

Global Operations: Canada, US
SectorSector:
Technology
HeadquartersHQ: ON
3-Year Share Price Performance:

+290%

21PPTA
Perpetua Resources Corp. (PPTA)
SPP+290%
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PPTA
Perpetua Resources Corp. (PPTA)
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony trisulfide from Stibnite is the only known domestic reserves of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types.

Global Operations: US
SectorSector:
Mining
HeadquartersHQ: USA
3-Year Share Price Performance:

+290%

22OLA
Orla Mining Ltd. (OLA)
SPP+289%
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OLA
Orla Mining Ltd. (OLA)
Orla is the emerging gold producer of choice, underpinned by a strong asset base, guided by an experienced team, and supported by key partners and shareholders.

Global Operations: Canada, Mexico, US
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+289%

23CCO
Cameco Corporation (CCO)
SPP+277%
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CCO
Cameco Corporation (CCO)
Cameco's competitive position is based on its controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel and reactor life cycles, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Cameco is one of Canada’s largest employers of Indigenous people, and the company's land holdings, including their exploration interests, span about 1.8 million acres, the majority near their existing operations in northern Saskatchewan.

Global Operations: Canada, Kazakhstan, US, United Kingdom, Australia
SectorSector:
Mining
HeadquartersHQ: SK
3-Year Share Price Performance:

+277%

24FFH
Fairfax Financial Holdings Limited (FFH)
SPP+276%
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FFH
Fairfax Financial Holdings Limited (FFH)
Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
SectorSector:
Financial Services
HeadquartersHQ: ON
3-Year Share Price Performance:

+276%

25CGG
China Gold International Resources Corp. Ltd. (CGG)
SPP+274%
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CGG
China Gold International Resources Corp. Ltd. (CGG)
China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China.
SectorSector:
Mining
HeadquartersHQ: China
3-Year Share Price Performance:

+274%

26DPM
Dundee Precious Metals Inc. (DPM)
SPP+264%
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DPM
Dundee Precious Metals Inc. (DPM)
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. The company’s strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from its portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders.

Global Operations: Canada, Bulgaria, Serbia, Bosnia and Herzegovina, Ecuador
SectorSector:
Mining
HeadquartersHQ: ON
3-Year Share Price Performance:

+264%

27ELD
Eldorado Gold Corporation (ELD)
SPP+238%
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ELD
Eldorado Gold Corporation (ELD)
Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.

Global Operations: Canada, Netherlands, Greece, Türkiye
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+238%

28GAU
Galiano Gold Inc. (GAU)
SPP+226%
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GAU
Galiano Gold Inc. (GAU)
Galiano Gold is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The company operates and manages the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities.

Global Operations: Ghana
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+226%

29SKE
Skeena Resources Limited (SKE)
SPP+219%
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SKE
Skeena Resources Limited (SKE)
Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project – a past-producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek is expected to be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.

Global Operations: Canada
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+219%

30TKO
Taseko Mines Limited (TKO)
SPP+205%
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TKO
Taseko Mines Limited (TKO)
Taseko Mines is a dynamic North American mining company driven to unlock the true value of copper for its investors, employees, communities, and for a complex and changing world. As a leading producer of the metals our society requires to transition to a low-carbon future, Taseko recognizes opportunity and delivers enduring value by developing and operating world-class copper mines and mineral properties in British Columbia and Arizona. Taseko’s corporate strategy has been to grow the company sustainably and profitably by focusing on the continued operations of its foundational asset, the Gibraltar Mine in central BC, and the advancement of North America’s next copper producer, Florence Copper in Arizona - while also advancing its pipeline of high-quality, advanced-stage development projects, including the Yellowhead copper project and the Aley niobium project.

Global Operations: Canada, US
SectorSector:
Mining
HeadquartersHQ: BC
3-Year Share Price Performance:

+205%

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Ranking Methodology

  • Corporate operating business listed on TSX on June 30, 2025.
  • Listed on TSX for a minimum of 3 years or if a TSX Venture Exchange graduate, a combination of TSX and TSXV for a minimum of 3 years with at least 1 year on TSX.
  • Closing share price of at least $0.50 on June 30, 2022.
  • Minimum market cap of $75 million on June 30, 2022.

This left 517 companies that qualified for the 2025 TSX30 ranking. These companies were ranked based on a 3-year dividend-adjusted share price performance.

Historical share prices have been adjusted for dividends and/or stock consolidations. TSX considered companies' compliance with Exchange requirements and exercised discretion when determining qualified candidates. All data current as of June 30, 2025. All currencies reported in Canadian dollars.

Source: TSX/TSXV Market Intelligence Group. Historical dividend-adjusted share prices from S&P Capital IQ.

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