Gold and silver miners swept Toronto's top gainers Thursday as spot gold pushed above $2,400. Minco Silver gained 10%, Montage Gold 10.3%, Silver Tiger 10.3% and China Gold 9.5%.
Alpha Score of 76 reflects strong overall profile with strong momentum, strong value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
Gold and silver miners swept the Toronto Stock Exchange's top percentage gainers Thursday as precious-metals prices pushed higher on a mix of geopolitical risk, central-bank buying, and shifting U.S. rate expectations.
Minco Silver Corp. rose 10% to C$0.88. Silver Tiger Metals Inc. added 10.26% to C$0.85. Montage Gold Corp. climbed 10.31% to C$16.97. China Gold International Resources Corp. Ltd. gained 9.53% to C$30.79.
The move tracked spot gold above $2,400 an ounce and silver above $31. Traders pointed to safe-haven demand after fresh escalation in the Middle East, alongside continued gold purchases from China's central bank. The S&P/TSX Composite Index was up roughly 0.3% on the session; the materials sub-index outpaced it by a wide margin.
Silver Tiger Metals on July 8 provided a construction update for its El Tigre project in Sonora, Mexico. The company said site work is on schedule for commissioning and first pour in December 2027. The project is an open-pit heap-leach operation with a 7.5-year mine life based on the current resource; a feasibility-study expansion is under way. Silver Tiger trades on the TSX under SLVR and on the OTCQX as SLVTF.
Montage Gold Corp. is advancing its flagship Kone project in Côte d'Ivoire toward first production in late 2026. Based on the 2024 updated feasibility study, Kone has a 16-year mine life and average annual output above 300,000 ounces over the first eight years. The company also holds the Didievi and Wende properties in Côte d'Ivoire and exploration tenements in Mauritania. Montage's AlphaScore from AlphaScala is 61 out of 100, a Moderate rating, reflecting the project's development stage and execution risk.
China Gold International Resources operates the CSH gold mine in Inner Mongolia and the Jiama copper-gold polymetallic mine in Tibet. The company is dual-listed on the TSX and the Hong Kong Stock Exchange under 2099.
Gold's rally has drawn support from strong physical demand from central banks, which bought a net 483 tonnes in the first half of 2025, according to World Gold Council data. Silver has benefited from both industrial demand, particularly solar-panel manufacturing, and its traditional role as a monetary metal. The gold-to-silver ratio has compressed to roughly 77, down from 90 at the start of the year, signaling silver is catching up.
For Silver Tiger, the next major milestone is December 2027 commissioning. Montage is targeting late-2026 first production. Both dates will test each company's ability to deliver on schedule.
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