Global Economic Conditions: Economic growth, recessions, and interest rate changes impact overall market sentiment and investor risk appetite, affecting TNZ.TO as well as all stocks.

Industry Trends: The performance and outlook of the gold mining sector, including factors like gold prices, production costs, and technological advancements, influence investor perception of TNZ.TO.

Company-Specific News: TNZ.TO's financial results, production updates, exploration successes, acquisitions, and management changes significantly affect its stock price.

Gold Prices: As a gold mining company, TNZ.TO's profitability and stock price are highly correlated with fluctuations in the price of gold. Higher gold prices generally lead to higher stock prices.

Production Costs: The efficiency with which TNZ.TO extracts and processes gold impacts its profit margins. Lower production costs positively affect the stock price.

Geopolitical Risks: Political instability, regulatory changes, and social unrest in regions where TNZ.TO operates can negatively impact its operations and stock price.

Currency Fluctuations: Changes in the exchange rate between the Canadian dollar (CAD) and other currencies, particularly the US dollar (USD), affect TNZ.TO's revenue and profitability.

Investor Sentiment: General market optimism or pessimism, driven by factors like news events and economic data, can influence the demand for TNZ.TO stock.