1. What made gold stocks on the Toronto Stock Exchange perform strongly in 2025?
A major rise in gold prices, strong production results, and improved cash flow supported higher stock performance across the sector.
2. Why were Agnico Eagle and Wheaton Precious Metals standout companies?
Agnico Eagle delivered record free cash flow, while Wheaton Precious Metals benefited from strong royalty and streaming income with low operating risk.
3. Are royalty companies safer than traditional gold miners?
Royalty companies often carry lower operational risk as they receive gold-linked payments without running mines directly.
4. Did mid-tier producers also benefit from rising gold prices?
Yes, companies like Equinox Gold and Alamos Gold saw stronger margins and higher revenue as production increased.
5. Which types of gold companies saw the largest stock gains in 2025?
Smaller exploration and development companies, such as Skeena Resources and Omai Gold Mines, gained the most due to positive drill results and project progress.