Best mining stocks

Looking for the top mining stocks to invest in? Find out some of the best options plus the benefits and drawbacks of investing in these earth-shattering companies.

Rare, precious and base metals Browse stock picks
How to buy mining stocks Step-by-step instructions

Mining is as old as civilization itself, and the hidden treasures beneath our feet have long been the life force of our technological advancements.

This ancient craft is poised to become even more pivotal, considering the multitude of metals required for producing semiconductors and rechargeable batteries. We’re going to unearth some rock-solid mining stocks that are like magnets for market attention and may be worth considering for your portfolio.

Our stock picks by mineral

This sector is in constant flux and finding the best mining stocks can feel like trying to navigate a labyrinthine network of tunnels in complete darkness. To give you some starting inspiration, we’re shining our headlamp on these top stocks – heavily featured in the S&P Global Mining Index. We’ve picked three in each category, but check out the full guides for a deeper dive.

Precious metals

Gold stock 5-year performance (to Jan. '26) Link
Gold.com (GOLD) Gold.com icon 274.60% Invest Capital at risk
Agnico Eagle Mines Limited (AEM) Agnico Eagle Mines Limited icon 208.53% Invest Capital at risk
Newmont Goldcorp Corp (NEM) Newmont Goldcorp Corp icon 112.97% Invest Capital at risk

Browse more gold stocks + guide

Silver stock 5-year performance (to Jan. '26) Link
Fortuna Silver Mines (FSM) Fortuna Silver Mines icon 47.69% Invest Capital at risk
Silvercorp Metals (SVM) Silvercorp Metals icon 87.31% Invest Capital at risk
Pan American Silver Corp. (PAAS) Pan American Silver Corp. icon 94.98% Invest Capital at risk

Browse more silver stocks + guide

Platinum stock 5-year performance (to Jan. '26) Link
Sibanye Gold Ltd ADR (SBSW) Sibanye Gold Ltd ADR icon 34.43% Invest Capital at risk
Jubilee Metals Group PLC (JUBPF) Jubilee Metals Group PLC icon -61.11% Invest Capital at risk
Valterra Platinum Limited (ANGPY) Valterra Platinum Limited icon 6.05% Invest Capital at risk

Browse more platinum stocks + guide

Palladium stock 5-year performance (to Jan. '26) Link
Sibanye Gold Ltd ADR (SBSW) Sibanye Gold Ltd ADR icon 34.43% Invest Capital at risk
Ivanhoe Mines Ltd. (IVPAF) Ivanhoe Mines Ltd. icon 190.89% Invest Capital at risk
Impala Platinum Holdings Ltd PK (IMPUY) Impala Platinum Holdings Ltd PK icon 58.18% Invest Capital at risk

Wondering why some palladium mining companies have platinum in their name? Palladium belongs to the “Platinum Group Metals” – a group of six metals that are “social”, in that they almost always occur together in the same ore. In fact, historically, they were discovered as impurities within platinum samples, leading many mining companies to name themselves after the dominant metal.

Browse more palladium stocks + guide

Base metals

Iron stock 5-year performance (to Jan. '26) Link
Rio Tinto ADR (RIO) Rio Tinto ADR icon 24.48% Invest Capital at risk
BHP Group Limited (BHP) BHP Group Limited icon 21.15% Invest Capital at risk
Vale SA ADR (VALE) Vale SA ADR icon 4.89% Invest Capital at risk

Browse more iron stocks + guide

Copper stock 5-year performance (to Jan. '26) Link
Southern Copper Corporation (SCCO) Southern Copper Corporation icon 225.18% Invest Capital at risk
Freeport-McMoran Copper & Gold (FCX) Freeport-McMoran Copper & Gold icon 142.03% Invest Capital at risk
First Quantum Minerals Ltd (FQVLF) First Quantum Minerals Ltd icon 85.72% Invest Capital at risk

Browse more copper stocks + guide

Nickel stock 5-year performance (to Jan. '26) Link
Glencore PLC (GLNCY) Glencore PLC icon 111.28% Invest Capital at risk
Rio Tinto ADR (RIO) Rio Tinto ADR icon 24.48% Invest Capital at risk
Vale SA ADR (VALE) Vale SA ADR icon 4.89% Invest Capital at risk

Browse more nickel stocks + guide

Zinc stock 5-year performance (to Jan. '26) Link
Teck Resources Ltd Class B (TECK) Teck Resources Ltd Class B icon 218.98% Invest Capital at risk
Hecla Mining Company (HL) Hecla Mining Company icon 362.57% Invest Capital at risk
Hudbay Minerals (HBM) Hudbay Minerals icon 372.93% Invest Capital at risk

Browse more zinc stocks + guide

Rare metals

Lithium stock 5-year performance (to Jan. '26) Link
Sigma Lithium Resources Corp (SGML) Sigma Lithium Resources Corp icon 279.29% Invest Capital at risk
Sociedad Quimica y Minera de Chile SA ADR B (SQM) Sociedad Quimica y Minera de Chile SA ADR B icon 60.27% Invest Capital at risk
Albemarle Corp (ALB) Albemarle Corp icon 11.09% Invest Capital at risk

Browse more lithium stocks + guide

Cobalt stock 5-year performance (to Jan. '26) Link
Glencore PLC (GLNCY) Glencore PLC icon 111.28% Invest Capital at risk
Vale SA ADR (VALE) Vale SA ADR icon 4.89% Invest Capital at risk
Electra Battery Materials Corp (ELBM) Electra Battery Materials Corp icon 1,969.67% Invest Capital at risk

Energy resources

Coal stock 5-year performance (to Jan. '26) Link
Alpha Metallurgical Resources (AMR) Alpha Metallurgical Resources icon 1,849.38% Invest Capital at risk
Peabody Energy Corp (BTU) Peabody Energy Corp icon 843.34% Invest Capital at risk
Warrior Met Coal (HCC) Warrior Met Coal icon 300.04% Invest Capital at risk

Browse more coal stocks + guide

Uranium stock 5-year performance (to Jan. '26) Link
Uranium Energy Corp (UEC) Uranium Energy Corp icon 1,041.10% Invest Capital at risk
Cameco Corp (CCJ) Cameco Corp icon 976.25% Invest Capital at risk
Energy Fuels (UUUU) Energy Fuels icon 554.74% Invest Capital at risk

Browse more uranium stocks + guide

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


How to invest in mining stocks

  1. Open a sharing-dealing account. The first step in investing in mining stocks is to open a share trading account. Choose a platform that suits your needs, whether it’s one with robust research tools, low fees or a user-friendly interface.
  2. Fund your account. Once your account is set up, you can deposit funds. You can do that via a bank transfer, debit card or any other means allowed by your platform.
  3. Research and choose mining stocks. Research the best mining stocks for your portfolio and then search for them on your chosen platform. You can search by company name or ticker symbol.
  4. Buy shares. Once you’ve found the mining stock you’re interested in, select the amount you want to invest and hit and create an order to buy shares. And just like that, you’re now officially an investor in the mining sector.
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What are mining stocks?

Mining stocks represent equity in companies involved in the extraction and processing of minerals and other geological materials from the earth. These firms unearth valuable resources like gold, silver, copper, and coal, supplying raw materials for various industries worldwide.

Types of mining stocks

The mining sector is multifaceted, offering investors a wide range of stocks that cater to different market demands and resources. Here are some of the main categories:

  • Precious metal miners. This category includes companies that mine high-value metals like gold and silver. They often attract investors during times of economic uncertainty as a hedge against inflation. Barrick Gold (GOLD) and Newmont (NEM) are popular examples.
  • Base metal miners. These companies focus on extracting industrial metals such as copper and nickel, which are essential in various manufacturing and construction processes. Major players include Freeport-McMoRan (FCX), specialising in copper, and Glencore (GLEN), known for its diversified mining operations.
  • Fossil fuel miners. This segment comprises firms involved in the extraction of fossil fuels like coal, which is used extensively in power generation and steel production. Companies like Vale (VALE) operate in this space, though it’s worth noting that Vale is also a significant player in iron ore mining.
  • Diversified miners. Firms in this category operate mines that produce a variety of minerals and metals, offering a diversified portfolio of mining assets. Companies like Anglo American (AAL) and Glencore (GLEN) fit this profile, with operations spanning across several types of resources, providing a buffer against the volatility of any one commodity.

Why do people want to invest in mining stocks?

Investors are increasingly sitting up and paying attention to mining stocks due to the sector’s critical role in supplying materials for the global energy transition. As more and more industries shift towards electrification and renewable sources of power, metals used in these technologies like copper, lithium, and nickel are predicted to experience a spike in demand.

Forecasts suggest that by 2050, we could see nickel demand triple, copper demand more than double, and demand for lithium chemicals increase sevenfold. At the same time, many critical metals are facing supply constraints. All of this could lead to higher commodity prices, and in turn, higher share prices for the best mining stocks.

Finder survey: Would Brits consider investing in mining stocks?

44% of people we surveyed said they already invest in mining stocks or would consider investing in mining stocks.

Response
I would consider it37.45%
I wouldn't consider it28.41%
Not sure28.04%
I already invest in this6.09%
Source: Finder survey by Censuswide of Brits, December 2023

Advantages of investing in mining stocks

Investing in mining stocks can be a glittering opportunity. There are a trove of benefits that may catch your eye:

  • Diversity. Mining stocks represent an opportunity to invest in commodities across a wide spectrum. This includes precious metals like gold and silver, base metals like copper and zinc, and energy materials like coal and uranium. This variety allows investors to diversify their holdings and mitigate risk across different market sectors.
  • Dividend yields. Many mining companies are known for paying beefy dividends, providing investors with a regular income stream (although not guaranteed). At the start of 2024, Glencore was offering 8.6%, Anglo American 5.8% and Rio Tinto 4.6%.
  • Supply and demand imbalances. With demand for metals used in renewable technologies set to soar over the coming decades, some analysts are predicting a “commodities super cycle” that could send prices into the stratosphere.
  • Inflation hedge. Historically, mining stocks, especially those in precious metals, have acted as a hedge against inflation. As inflation rises, the value of the underlying metal often increases, making these stocks an attractive investment during economic uncertainty.

Risks of investing in mining stocks

We’re not saying the groundwater’s poisoned, but it’s important not to gulp down all the hype around mining stocks; make sure to do some due diligence before venturing into the sector because there are some key risks to be aware of:

  • Commodity price volatility. The profitability of mining companies is heavily dependent on the prices of the commodities they extract. If a global recession hits, it would likely drag metals prices even further into the doldrums.
  • Operational challenges. Mining is a complex operation fraught with technical challenges. Issues such as equipment failures, unexpected geological conditions, or water management problems can lead to production delays and going over budget.
  • Regulatory and political risks. Mining companies often operate in multiple jurisdictions and can be subject to stringent and varying regulatory environments. Changes in mining policies, tax regimes, or environmental regulations can affect operations and profitability. Additionally, political instability in certain regions can pose significant risks to mining projects.
  • Environmental and social governance (ESG) concerns. Mining activities can have substantial environmental impacts, leading to increased scrutiny from governments, environmental groups, and society at large. Companies failing to meet ESG standards may face opposition, legal challenges and reputational damage.
George Sweeney, DipFA's headshot
Our expert says: What’s the best junior mining stock?

"Junior mining stocks are miners in the early stages of exploration and production. These companies are a lot smaller than the big players and this gives them the advantage of agility and adaptability. This leaves potential for massive growth but also the possibility of never striking gold.

Junior gold miners are the most popular stocks in this sub-sector, and because it’s such a fast-paced environment, it can be worth using an exchange-traded fund (ETF) like the VanEck Junior Gold Miners ETF (GDXJ), for example. This way you can access a selection of junior miners, making sure you’re not overexposed to a single miner."

Alternative ways to invest in mining stocks

Aside from directly investing in individual mining stocks, there are other options giving you exposure to this sector:

  • Index Funds and exchange-traded funds (ETFs). Investing in ETFs or index funds that focus on the mining sector is a useful alternative. These funds are made up from multiple mining-related stocks, offering broader industry exposure and potentially lowering your risk through diversification.
  • Investment funds. In this approach, a company pools money from investors and then allocates it across a diversified portfolio of mining stocks. While this offers the advantage of professional management, investors are required to pay a fee for the expertise and services provided by the fund managers.
  • Investment trusts. Similar in many ways to investment funds, investment trusts also pool money from investors to invest in a portfolio of stocks. Because investment trusts are closed-ended, managers can use a long-term strategy as shares trade on stock exchanges like normal companies (so they don’t have to sell investments if investors want to exit their position).

Pros and cons

Pros

  • Global energy transition is forecast to drive demand for mined metals
  • Substantial dividends on offer as well as extra portfolio diversification
  • Geopolitical tensions could tighten supply of certain key metals, driving prices up

Cons

  • Volatile commodity prices can significantly impact miners’ profitability and share prices
  • Technical challenges in mining can lead to costs spiralling
  • Political instability and environmental concerns pose substantial risks for many miners’ operations

Bottom line

Mining stocks offer a golden opportunity to tap into the veins of our planet’s rich resources. There’s a long list of metals that, despite conjuring only dull memories of GCSE chemistry classes, are in fact crucial for powering our modern world.

However, investing in this sector and finding the best mining stocks requires a keen eye for potential pitfalls, from volatile commodity prices to geopolitical tremors. With the right map and a sturdy helmet – in the form of thorough research and a balanced approach – the journey into the world of mining stocks can lead to a treasure trove of opportunities for the savvy investor.

Frequently asked questions

Sources

Browse all mining stock guides

George Sweeney, DipFA's headshot
To make sure you get accurate and helpful information, this guide has been edited by George Sweeney, DipFA as part of our fact-checking process.
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Written by

Writer

Mark is a freelance journalist whose work has been published in The Motley Fool and The Guardian, among other sites. He's worked as a data journalist and has a BA in Economics from the University of Sussex as well as an NCTJ journalism qualification. See full bio

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