Mining Stocks to Watch in 2027: Gold, Copper, Silver and Uranium

Updated November 3, 2026. This is an early Q1 2027 research watchlist. We will revisit it as companies report year-end results and issue 2027 guidance.

Gold prices, copper demand, silver supply and nuclear power shape the wider mining market. A mining share also depends on what happens at a particular operation or project. For this watchlist, we chose four companies with a question investors can test against public results over the coming months. They span a gold producer, a copper and gold mine entering production, a silver developer approaching a construction decision and a uranium supplier with substantial delivery commitments.

Inclusion is a starting point for research. The companies are not ranked, and this article does not recommend buying their shares.

Gold: Can Newmont grow production and control costs?

Newmont (NYSE: NEM) expects attributable gold production to rise by a low to mid single digit percentage in 2027 compared with 2026. Higher grade ore at Lihir and Boddington and anticipated commercial production from Tanami Expansion 2 are among the reasons it gave in its October 22 results.

The same update warned that unit costs could rise in 2027. Newmont cited fuel, exchange rates, royalties and lower credits from other metals at Peñasquito. It also expects development spending to increase by about US$500 million from 2026. More ounces will matter most if they produce more cash after those costs. Watch the company’s 2027 production and cost guidance, then compare quarterly cash flow with the plan. Our guide to mining costs explains why the difference between the gold price and all-in sustaining cost is only part of that calculation.

Copper: Will Eldorado’s Skouries ramp up as planned?

Eldorado Gold (TSX: ELD; NYSE: EGO) produced its first copper and gold concentrate at Skouries in Greece in September. Commercial production was still targeted for the fourth quarter of 2026 in the company’s latest project update. Its current 2027 outlook calls for 50 million to 70 million pounds of copper and 150,000 to 180,000 ounces of gold from Skouries.

Those figures depend on the plant and mine reaching planned operating rates. Watch the commercial production announcement, ore throughput, metal recoveries and remaining capital spending. A slower ramp would push some of the expected contribution further into 2027. Our comparison of copper projects nearing production gives more context on the questions facing Skouries.

Silver: Can AbraSilver finance Diablillos on acceptable terms?

AbraSilver (TSX: ABRA; OTCQX: ABBRF) is advancing its Diablillos silver and gold project in Argentina. Its feasibility study estimates initial capital of US$722 million, including contingency. The company says it has the principal environmental approvals and is targeting a final construction decision in the second quarter of 2027, with first production before the end of 2029. Those dates remain subject to financing and execution, as its project overview makes clear.

The next test is how the project is funded. Investors should compare any debt, equity, streaming or partnership terms with the feasibility study and look at how much of the future project cash flow would remain for current shareholders. A strong silver price would improve the project case, but it would not by itself secure financing or prevent dilution. Our share dilution guide explains that risk.

Uranium: How will Cameco meet its delivery commitments?

Cameco (TSX: CCO; NYSE: CCJ) offers a different kind of test. In its October 30 results, the company narrowed its 2026 guidance for its share of uranium production to 19.5 million to 20.5 million pounds of U3O8. A longer planned maintenance outage at the Key Lake mill reduced third-quarter output and raised unit costs. Cameco also said its contracts call for average annual deliveries of more than 28 million pounds over the next five years, with commitments above that average in 2026 through 2028.

Production and deliveries are different numbers. Cameco can use inventory and purchased uranium alongside its own mine output. In 2027, watch production after the Key Lake work, the amount bought from other suppliers, the cost of those purchases and the prices realized under contracts. Those figures will show more about the uranium business than a spot price alone. Cameco also has exposure to nuclear services through Westinghouse, so its shares are not a pure measure of uranium mine performance.

What would change this watchlist?

These four companies face different tests: cost control, a mine ramp, project finance and delivery execution. We will update this page when year-end results or new guidance change a milestone materially. For each name, read the latest company filing alongside this article and consider the share price, balance sheet and your own tolerance for project risk. You can explore more businesses in our company directory.

This article is for information only and is not a recommendation to buy or sell securities. Company plans and guidance are forward looking and may change.