Geopolitical turmoil continues to trigger main uncertainty. Oil costs are closing in on $93 once more on the time of writing, and our eyes are on the financial system. Consultants are elevating the alarm, as indicators of rising inflation, decrease progress, and finally a recession are constructing. So the place is an investor to show? What shares can provide us some shelter from this storm?
On this article, I’ll focus on two Canadian mining shares that I proceed to be fairly bullish on. These shares have nice observe data, and as they proceed to navigate the constructive fundamentals of their respective industries, traders ought to listen.
With out additional ado, let’s have a look.
Supply: Getty Photos
Agnico-Eagle Mines
Gold is a secure haven. It’s the very best retailer of worth that we’ve right now, and it has stood out as an funding of selection in a extremely unsure time. Let’s take the final 5 to 10 years for instance. Because the finish of 2019, the value of gold has risen 221%. However the greatest rise has come in recent times with the elevated stress coming from the U.S. agenda.
To place myself on this atmosphere, my favorite Canadian gold mining inventory has been Agnico-Eagle Mines Ltd. (TSXLAEM) inventory. Agnico is a worldwide gold producer with a distinction. Whereas most different gold producers function their mines in politically unsafe jurisdictions, Agnico made the choice way back to remain in secure jurisdictions.
This successfully lowered the chance profile of this gold mining inventory. It additionally afforded Agnico the luxurious of being laser-focused on driving shareholder worth and stability inside its operations. Since 2021, Agnico’s working money movement has elevated greater than 400% to $1.3 billion. Additionally, its earnings per share (EPS) elevated 361% to $8.31. And this has been mirrored in Agnico Eagle’s inventory worth efficiency.
In Agnico’s 2025 monetary outcomes, the corporate reported earnings per share of $8.31 versus $4.23 within the prior 12 months. Additionally, working money movement was a report $6.8 billion and free money movement was a report $4.4 billion.
Lastly, Agnico-Eagle inventory’s quarterly dividend elevated 12.5%.
Teck Assets
Copper is one other base metallic that’s experiencing sturdy will increase in recent times. This isn’t stunning given the significance of the metallic to fashionable society. Copper is, in actual fact, a vital mineral. It’s valued for its glorious electrical and thermal connectivity, sturdiness, and resistance to corrosion.
Naturally, this has meant important will increase in demand for copper, given its important function in electrical energy networks and clear vitality expertise. All the things energy-related, from electrical autos to information centres, requires copper. This has pushed a historic rally in copper costs. Within the final 5 years, the value of copper has elevated 87% to US$6.08 per pound. The atmosphere of sturdy demand combined with restricted provide progress continues.
Teck Assets Ltd. (TSX:TECK.B) is benefiting from elevated demand. In 2025, the corporate reported a 48% improve in its adjusted earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) to $4.3 billion. In This fall 2025, the rise was even larger, at 81% to $1.5 billion. This was pushed primarily by elevated copper costs.
As you’ll be able to see from Teck Assets’ inventory worth graph above, the inventory has not absolutely reacted to those constructive fundamentals. That is why I see sturdy upside.
The underside line
Investing within the two Canadian mining shares mentioned on this article provides traders publicity to 2 sturdy traits that proceed to drive markets. And which means, in my opinion, Agnico Eagle’s inventory worth and Teck Assets’ inventory worth each proceed to have sturdy upside.
