For the last few months, Canada has been busy making a bold pitch to the world’s biggest investors, even as its trade tensions with the United States show little sign of easing.

In September, Prime Minister Mark Carney welcomed more than 100 global investors overseeing over $100 trillion in assets to Toronto, hoping to attract long-term capital into Canadian industries, including resources. The government aims to generate $1 trillion in investment over five years. Yet on October 28, Carney said Canada still wasn’t ready to agree to a U.S. trade deal. That uncertainty makes me more selective, not less interested.

Instead of relying on promises of fresh investment, I’d focus on established mining businesses with strong financials and growth opportunities. Here are two Canadian mining stocks I’d buy as Carney courts global investors.

Agnico Eagle Mines stock

Agnico Eagle Mines (TSX: AEM) would be my first pick as Canada seeks to attract more global investment into its resource sector, especially because of its strong cash generation and expanding operations.

This Toronto-based gold producer operates mines in Canada, Australia, Finland, and Mexico. AEM stock has climbed 17% over the last year to $256.08 per share, giving it a market cap of $129.3 billion. It also offers a 1% annualized dividend yield.

Higher gold prices have been a major factor backing Agnico Eagle’s recent earnings growth. In the third quarter, its net profit jumped 28% year-over-year (YoY), even though gold production fell 6% to 814,012 ounces. The company’s average realized gold price climbed nearly 23% YoY to US$4,264 per ounce, helping offset higher labour, diesel, and royalty expenses.

Despite temporary cash flow pressures, the company ended the September quarter with US$3.4 billion in net cash and returned US$478 million to shareholders through dividends and share buybacks.

Another reason I like Agnico Eagle is its growing project pipeline, with work advancing at Hope Bay, Odyssey, Upper Beaver, and Detour Lake. These projects could help the company expand gold production in the long run.

Although Agnico Eagle expects its 2026 production near the lower end of its guidance range of 3.3 million to 3.5 million ounces, its strong financial position and growth opportunities make it an attractive Canadian mining stock to buy as Carney courts global investors.

Franco-Nevada stock

Another Canadian mining stock I’d consider amid Carney’s push to attract global capital is Franco-Nevada (TSX: FNV), which offers investors an interesting way to benefit from the gold industry.

Instead of operating mines directly, this Toronto-based firm earns revenue through royalty and streaming agreements tied to mining production. This business model helps limit its direct exposure to rising mining operating costs.

FNV stock has gained 28% over the last year to trade at $334.13 per share, giving it a market cap of $64.2 billion. It also offers a small but reliable 0.7% dividend yield.

In the second quarter, revenue surged 57% YoY to US$580.9 million, driven by an 18% increase in gold-equivalent ounces sold and stronger precious metal and oil prices. More importantly, the company’s quarterly net profit jumped 43% YoY, while operating cash flow increased 12%.

Beyond these strong results, Franco-Nevada continues to expand its portfolio through new royalty acquisitions in Canada and Australia. Its existing interests in projects like Côté Gold, Candelaria, and Tocantinzinho also offer opportunities for future growth.

Given its diversified portfolio, strong financial growth, and lower direct exposure to mining costs, I consider FNV another attractive long-term investment as Canada works to strengthen its position among global investors.

The post 2 Mining Stocks I’d Buy as Carney Courts Global Investors appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Precious metals like gold and silver can offer portfolio diversification and help lower your investment risk profile. These two commodities are used as a store of value and a hedge against inflation, making them ideal for investors looking to move away from volatile asset classes such as equities.

While you can get exposure to gold and silver by investing in exchange-traded funds that track the commodities, you could also buy and hold shares of precious metal companies that mine these metals.

In this article, I have identified two such TSX mining stocks you can buy with $10,000 in 2025 for inflation protection.

Is this TSX mining stock a good buy right now?

Valued at a market cap of $2.24. billion, Discovery Silver (TSX: DSV) has already returned 194% to shareholders in the past year. A mineral exploration company, Discovery Silver explores and develops polymetallic mineral deposits.

Its flagship property is the Cordero silver project, comprising 26 contiguous claims that cover an area of 34,909 hectares located in Mexico. Last year, Discovery Silver announced a transformational acquisition of Newmont’s Porcupine Complex in a deal valued at US$425 million, creating a new Canadian gold producer with significant upside potential.

The transaction includes upfront consideration of US$275 million, consisting of US$200 million in cash and US$75 million in Discovery equity, plus US$150 million in deferred payments starting in 2027.

The Porcupine Complex, which has produced nearly 70 million ounces since operations began in 1910, is expected to produce around 285,000 ounces of gold annually over the first decade. Discover projects a base case NPV (net present value) of US$1.2 billion using analyst consensus gold price forecasts, or US$2.2 billion at a fixed US$2,700/oz gold price.

Discovery has secured a US$575 million financing package that includes a US$400 million royalty and debt financing from Franco-Nevada, as well as a $247.5 million bought deal offering.

Is this gold mining stock undervalued?

Valued at a market cap of $48 billion, Barrick Gold (TSX: ABX) is among the largest mining companies in the world. In the fourth quarter (Q4) of 2024, Barrick Gold delivered its strongest financial results in a decade, with production increases and cost reductions helping the mining giant meet its guidance.

It reported a 30% increase in EBITDA (earnings before interest, tax, depreciation, and amortization) and expanded EBITDA margins both quarter on quarter and year over year.

Gold production from its mines increased 15% quarter on quarter, with a 3% reduction in cost of sales and a 5% decrease in total cash costs.

“We saw EBITDA increase 30% and EBITDA margins grow both quarter on quarter and for the year,” said Mark Bristow, president and chief executive officer. “Adjusted net earnings per share grew 50% year on year to $1.26.”

However, operations at the Loulo-Gounkoto mine in Mali have been suspended due to ongoing negotiations with the government, resulting in a significant goodwill impairment.

Barrick Gold continued its shareholder return strategy with quarterly dividends of US$0.10 per share and the repurchase of US$354 million of stock in Q4, bringing the yearly total to nearly US$500 million.

Analysts remain bullish on the TSX stock and expect it to gain over 20% in the next 12 months.

The post How I’d Use $10,000 in Gold and Silver Investments as Inflation Protection appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.