The Globe and Mail reports in its Wednesday edition that heading into the holidays, eight of the S&P/TSX Composite Index's top-10 performers in 2025 were gold producers, and their gains pushed the index up 27 per cent for the year. The Globe's Tim Kiladze writes, however, the biggest winners might be precious-metals executives. Not only has their stock-based compensation soared in value as the price of gold and silver rose, but many have stock options that flipped from being worthless at the start of the year, because their company's shares were trading below their option exercise prices, to looking like pots of gold, figuratively speaking. For example, Lundin Gold's return this year was 275 per cent. During the 2010s, Lundin Gold was a dog. In January, 2024, the company's shares traded around $16. Two years later, they are $115 apiece. The Lundin family is a major beneficiary, with the family trust holding 63 million shares, according to 2025 filings. This position was worth $7.2-billion in December, a gain of $6-billion since the start of 2024. As for individual executives, retiring chief executive officer Ron Hochstein's stock options were worth $15-million. Heading into the holidays, they were worth $103-million.