Investors who missed the rally in precious metal shares this year are wondering which Canadian gold mine companies can buy well for a self -driven tax -free savings account or registered pension savings plan (RRSP) portfolio.
Barrick Mining
Barrick Mining (TSX: ABX) increased 80% in 2025. The share acts almost $ 40 at the time of writing, compared to $ 29 at the end of July and $ 23 at the start of the year.
The large increase in recent weeks took place when investors started to feel better about the outlook of the company in the midst of a large number of operational and political challenges at some of the assets in difficult regions.
Barrick operates gold and copper mines around the world. Ten of the mines are focused on gold, while three business locations are mainly copper deposits. Barrick, however, has just announced a deal to sell his only Canadian mine, Hemlo, for a maximum of US $ 1.09 billion.
In Africa, Barrick stands for challenges on his Loulo-Gounkoto mine in Mali. In the second quarter (Q2) of 2025, the company booked a US $ 1.04 billion Writedown on the active because of the seizure of both the mine and the considerable amounts of gold by the government. Barrick tries to negotiate an agreement. The last turn is news that a Barrick director in Africa is now working as a consultant for the Malian government on this issue. Investors must look beyond these challenges, because they will probably be resolved.
Barrick Mining has six of the best gold mines on the planet and has good gold and copper prospects in development. The Reko DIQ Copper and Gold Mine that are built in Pakistan, for example, is considered one of the largest undeveloped copper-golden locations on the planet. Barrick’s copper activities give investors decent metal diversification.
Despite the problems on the Mali site, Barrick still generated 15% revenue growth in the first half of 2025 compared to last year. Adapted net income rose by 58% to US $ 1.4 billion. All-in sustainable costs (AISCs) on the Golden Assets came to US $ 1,684 per ounce in Q2, compared to US $ 1,498 in Q2 2024.
Barrick returns cash to shareholders through dividends and share purchasing.
Chinross gold
Chinross gold (TSX: K) $ 139% increased in 2025. The share is currently trading near $ 32 per share compared to less than $ 5 three years ago.
Long -term followers of Kinross have seen the company a number of difficult times. An expensive acquisition near the peak of the previous Golden Rally saddled Kinross with heavy debts. Kinross bought Red Back Mining for more than US $ 7 billion in 2010. The Tasiaast -my in Mauritania was supposed to be the crown jewel of the deal, but the assets did not live up to its potential in the coming years and Kinross had to book large struggles.
Kinross is now in much better form. The balance sheet has been established and the company has added considerable production growth by acquisitions and extensions at existing assets, including Tasiaast.
Kinross generated a modified net income of US $ 905 million in the first half of 2025 compared to US $ 300 million in the same period last year. Kinross saw its all-in sustainable costs rise to US $ 1,493 per ounce in Q2 2025 from US $ 1,357 last year, but it is still a cheap producer compared to some of his colleagues.
The Bottom Line
Barrick Mining and Kinross Gold benefited from the rally in the price of gold. The raw material prices can be volatile, so investors must feel comfortable with some turbulence, but these shares deserve to be on your radar if you believe that precious metals go higher.
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