5 Best-performing Gold Stocks on the TSX in 2026
The gold price hit record highs in January 2026, and still up more than 25 percent from this time last year.
Gold’s growth may have been stalled by a variety of factors, including widespread economic and geopolitical uncertainty as the US and Israel clash with Iran and the US Federal Reserve shifts to a hawkish stance.
However, the longer-term gold outlook is still positive for the precious metal.
The gold bull market has been a boon for gold producers following several years of increasing costs and smaller margins, and has also lifted gold exploration and development companies.
Below the Investing News Network profiles the five best-performing TSX gold stocks in 2026 by share price gains.
Data for this article was retrieved on June 26, 2026, using TradingView’s stock screener, and only companies with market capitalizations greater than C$25 million are included.
Year-to-date gain: 61.19 percent
Market cap: C$6.09 billion
Share price: C$15.91
Montage Gold is focused on projects in West Africa, where it is advancing its flagship Koné gold project, located in Côte d’Ivoire, into production.
Based on a 2024 feasibility study, the property has an estimated 16 year mine life, with anticipated annual production of more than 300,000 ounces of gold over the first eight years. The first gold pour at Koné via the oxide circuit is anticipated in late Q4 2026, while production via the hard-rock comminution circuit is on track for completion in the second quarter of 2027.
Montage Gold shares kicked off the year trading at C$9.87 before tracking the rising gold price and climbing to C$13.85 on January 28.
In keeping with its aim to grow its project pipeline, in mid-April, Montage Gold secured five prospective gold exploration permits covering about 2,103 square kilometers of Birimian greenstone belts in Mauritania. Later in the month, the company completed its acquisition of African Gold as a subsidiary, adding the resource-stage Didievi project in Côte d’Ivoire to Montage’s portfolio.
Montage Gold shares reached its highest value year-to-date of C$17.59 on June 15, alongside the release of its second updated mineral resource estimate for the Koné gold project in 2026. The MRE increased resources in its satellite deposits compared to the satellite resource reported in its 2024 feasibility study, which was limited to the Gbongogo Main deposit’s 520,000 ounces of contained gold in the indicated category.
The new estimate reports that 11 satellite deposits host combined indicated resources of 1.66 million ounces of gold from 34 million metric tons of ore at an average grade of 1.51 grams per metric ton (g/t) gold, and inferred resources of 766,000 ounces from 18 million metric tons grading 1.34 g/t gold.
Year-to-date gain: 59.78 percent
Market cap: C$780.85 million
Share price: C$1.57
Liberty Gold is a development-stage company advancing a pipeline of gold assets in the Great Basin of Southern Idaho. Its flagship asset is its wholly owned Black Pine oxide gold project. The large-scale, past-producing project is in the feasibility and permitting stage with a goal of launching an open-pit mining operation.
The Black Pine project reached an important milestone when it was accepted into the FAST-41 permitting process as a covered project in late January, with the dashboard reporting a planned permitting end date of March 15, 2028.
Another milestone came on February 11, when Liberty released an updated mineral resource estimate for the Black Pine project, with the majority of resources contained in the Discovery and Rangefront zones.
Across the full project area, the estimate reports a indicated resource of 502.7 million metric tons of ore at an average grade of 0.3 g/t gold for a total of 4.88 million ounces of gold, and an inferred resource of 157.1 million metric tons at an average grade of 0.21 g/t gold for a total of 1.05 million ounces of the yellow metal.
Liberty Gold started 2026 with a share price of C$0.83 and had advanced to C$1.65 per share by February 26.
On April 3, the company announced a key permitting milestone when the United States Forest Service published a notice of intent to prepare an environmental impact statement. According to the FAST-41 dashboard, the EIS is scheduled for completion by January 5, 2028.
The next week, Liberty reported final assay results for the remaining 56 holes of its 200 hole 2025 infill and step-out drill program. Highlights from the Rangefront zone included 19.8 meters at an average grade of 1.04 g/t gold, including 5.28 g/t gold over 3 meters. At the Discovery zone, the company encountered 32 meters grading 1.05 g/t gold, including 2.06 g/t gold over 12.2 meters.
Liberty Gold’s 2026 drill program was announced in mid-May, and has currently been approved for 40,000 meters of reverse circulation (RC) drilling across the project.
“Our 2026 drill program is focused on strengthening confidence in the early years of production and advancing the technical work required to support a buildable, financeable project,” President and CEO Jon Gilligan stated. “At the same time, we will selectively advance high-quality growth targets that have the potential to support longer-term opportunities beyond the current mine plan at Black Pine.”
The company’s share price reached its highest year-to-date value of C$1.78 on June 1.
Year-to-date gain: 30 percent
Market cap: C$246.13 million
Share price: C$1.95
Blossom Gold is a precious metals exploration and development company focused on its Rosebud project in Pershing County of Nevada, US.
The Rosebud project, includes the past-producing Rosebud mine, formerly operated from 1997 to 2000 by a joint venture between Newmont (NYSE:NEM,ASX:NEM) and Hecla Mining Company (NYSE:HL). Blossom plans to evaluate the potential for an open-pit mining and heap-leach processing operation.
The Rosebud property hosts an inferred mineral resource of 70.76 million metric tons grading 0.62 g/t gold and 6.49 g/t silver for 1.28 million ounces of gold and 13.4 million ounces of silver.
The company’s acquisition of the project through a reverse takeover coincided with it going public in early Q1. Shares of Blossom Gold commenced trading on February 2 at C$1.60 per share and reached the highest value year-to-date of C$2.62 on February 27.
In mid-May, Blossom completed drilling of metallurgical core holes at Rosebud and initiated third-party metallurgical testing on the recovered mineralization.
Its 2026 exploration drilling program at Rosebud has also included open pit expansion and infill drilling. At the end of Q2, Blossom released initial drill results from that work, highlighting intervals of 41.2 meters at 0.385 g/t gold from 19.8 meters depth, and 18.3 meters at 0.794 g/t gold from 126.5 meters.
Blossom Gold CEO Rick Winters said, “We have a backlog of exploration holes awaiting cutting and assaying … as we continue surface drilling and get ready to open the underground in July to provide the stations for underground infill and upgrade drilling of the open-pit resource in Q4 2026.”
Year-to-date gain: 28.63 percent
Market cap: C$225.82 million
Share price: C$3.28
Roxmore Resources is an exploration company focused on advancing its flagship Converse gold project in the Battle Mountain trend of Nevada, US.
Roxmore’s shares first uplisted to the TSX on February 5 and began trading at C$2.40 before climbing starting in late March to a year-to-date high of C$5.38 on April 17.
While the company didn’t release news through much of the climb, its high came amidst a series of positive newsflow for the company. Firstly, on April 13, Roxmore kicked off a significant Phase 1 program at Converse comprising 15,000 meters of infill and extension drilling as the company prepares for a preliminary feasibility study (PFS).
On the day of the high came an update from Roxmore that, through private land acquisitions and staking, the company had expanded its land position at Converse by 70 percent to 13,257 acres over the past six months. According to the company, this will allow for the mining infrastructure to be laid out more efficiently and provide more room for resource expansion.
On April 20, Roxmore released its preliminary economic assessment (PEA) for the Converse project, evaluating a large-scale, open-pit heap leach operation. The PEA forecasts that, over an initial 14-year mine life, the project is expected to produce an average of 246,000 ounces of gold per year at an all-in sustaining cost of US$1,769 per ounce.
Using a base case gold price of US$3,600 per ounce, it estimates an after-tax internal rate of return of 42.8 percent, net present value of US$2.75 million and a payback period of 2.2 years.
The PEA includes an updated mineral resource estimate for Converse that shows an indicated resource of 2.16 million ounces of contained gold from 103 million metric tons of ore grading 0.65 g/t gold, and an inferred resource of 3.04 million ounces of gold from 218 million metric tons grading 0.43 g/t.
In May, the company reported broad mineralized intervals from its Phase 1 drilling, including 138.1 meters grading 0.65 g/t gold from a depth of 57 meters. Roxmore expects to complete its PFS in H2 2027.
Year-to-date gain: 28.33 percent
Market cap: C$1.47 billion
Share price: C$2.31
Orezone Gold is a producer operating the Bomboré gold mine in Burkina Faso and the Casa Berardi gold mine in Québec, Canada. Orezone holds an 85 percent interest in Bomboré, with the remainder held by the Burkinabé government.
The company closed its acquisition of Casa Berardi from Hecla Quebec, a subsidiary of Hecla Mining Company (NYSE:HL), on March 25 of this year. Casa Berardi is a proven cash-flow generating mine that has produced over 3.2 million ounces of gold.
After starting the year at C$1.76, the company’s share price value rose to a year-to-date high of C$2.91 on January 28.
Orezone’s full 2025 year operational and financial results reported that on a 100 percent basis, gold production from Bomboré totaled 110,014 ounces at an all-in sustaining cost of US$1,776 per ounce sold. Thanks to a hard-rock expansion at Bomboré that reached commercial production in late January, the company set the mine’s 2026 production guidance at 160,000 to 180,000 ounces of gold.
In late April, Orezone released its Q1 2026 production results with consolidated production on a 100 percent basis totaling 38,789 ounces of gold, up 35 percent from the same quarter in the previous year.
In mid-May, the company announced the first set of drill results from its exploration at the Casa Berardi gold mine, highlighting intervals of 21.5 meters grading 6.47 g/t gold, 16.1 g/t over 6.7 meters and 11.97 g/t over 3.5 meters. By the end of the year, Orezone is planning to complete 40,000 to 60,000 meters of drilling at the project.
On July 7, the company released its guidance for Casa Berardi, which it expects to produce 62,000 to 67,000 ounces of gold this year.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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