The S&P/ASX 200 Index (ASX: XJO) has gained 5% over the past 12 months, but these three ASX 200 mining stocks have left those gains far behind.
All three of the surging Aussie miners earn much (or all) of their revenue from lithium.
And their strong performance over the past year has been fuelled by an accompanying 140% increase in the lithium carbonate price.
So, which ASX 200 mining stocks would have at least tripled your money over the past year?
I'm glad you asked!
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Three skyrocketing ASX 200 mining stocks
The first miner that's made its investors very happy, and a lot wealthier, over the last year is Liontown Resources Ltd (ASX: LTR).
In early afternoon trade today, Liontown shares are up 4.4%, changing hands for $2.14 apiece. This puts the Liontown share price up an impressive 210.1% since this time last year.
Also shooting the lights out is Mineral Resources Ltd (ASX: MIN).
At time of writing, Mineral Resources shares are up 2.8% today, trading for $72.79 each. This sees the Mineral Resources share price up 207.4% in 12 months.
And leading the charge among the ASX 200 mining stocks is Pls Group Ltd (ASX: PLS), formerly Pilbara Minerals.
PLS shares are up 4.5% in intraday trading, swapping hands for $6.47 apiece.
One year ago, you could have bought PLS shares for just $1.35. At today's price that would see you sitting on a gain of 379.3%.
That's enough to turn a $5,000 investment into $23,963.
In one year!
Take that, benchmark index.
What's been happening with the ASX lithium shares?
Atop the rising lithium price, the ASX 200 mining stocks have hardly been sitting idle.
At its half-year results, Liontown reported a 70% year-on-year increase in lithium production to 192,514 dry metric tonnes (dmt). Revenue for the six months to 31 December was up 107% to $207.5 million.
Mineral Resources also reported H1 FY 2026 growth. Supported by resurgent lithium demand and a strong performance from its Onslow Iron operations, the miner delivered its best half-year result on record.
Mineral Resources reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $1.2 billion for the half, with record revenue of $3.1 billion.
Not to be outdone, PLS reported a 47% year-on-year increase in first-half revenue to $624 million, spurred by higher sales volumes and higher realised prices.
PLS achieved a 241% increase in H1 underlying EBITDA to $253 million, with margins increasing to 41% from 17% in H1 FY 2025.
