Top 5 Canadian Mining Stocks This Week: StrategX | Commodities
Welcome to the Investing News Network’s weekly have a look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, beginning with a round-up of Canadian and US news impacting the useful resource sector.Statistics Canada launched July’s shopper price index (CPI) information on Tuesday (August 19). The figures show that inflation decelerated that month, posting a 1.7 % year-on-year gain, down from the 1.9 % recorded in June.
The most vital contributor to the autumn was a 16.1 % decline in gasoline costs from the identical period final yr. Excluding the decrease prices on the pumps, CPI remained regular at 2.5 %, the identical increase as May and June. The national reporting company launched June’s mineral manufacturing survey on Wednesday (August 20). The information signifies that manufacturing and shipments elevated throughout the board, with copper manufacturing rising to 39.17 million kilograms, gold rising to 16,935 kilograms and silver growing to 29,081 kilograms. For shipments, copper elevated to 45.96 million kilograms from 34.38 million kilograms, gold shipments rose to 18,554 kilograms from 16,725 kilograms, and silver jumped to 31,391 kilograms from 27,614 kilograms.
On Thursday (August 21), Canadian Prime Minister Mark Carney had a telephone call with US President Donald Trump. Although the prime minister’s workplace has offered few particulars, the 2 leaders reportedly had a “productive and wide-ranging conversation” concerning the present trade dispute, in addition to financial and security relations. Carney and Trump are anticipated to talk again quickly. South of the border, US Federal Reserve Chair Jerome Powell gave his speech on the Jackson Hole Economic Policy Symposium on Friday (August 22). In his remarks, he stated that the Fed’s twin mandate purpose is in stability, with the labor market remaining close to most employment, whereas inflation has eased from post-pandemic highs. However, he additionally stated that “a shifting balance of risks may warrant adjusting our policy stance,” hinting at a near-term cut to the Fed’s benchmark rate of interest. Expectations are high for a 25 foundation level cut in September.
Markets and commodities react
Canadian equity markets have been constructive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was in report territory, closing the week up 1.44 % to set at one other all-time high of 28,333.13. The S&P/TSX Venture Composite Index (INDEXTSI:JX) did even higher, climbing 2.45 % to complete Friday at 803.61. The CSE Composite Index (CSE:CSECOMP) slumped mid-week, however recovered on Friday to post a slight gain of 0.48 % to 158.82.US equity markets have been blended this week, however sturdy beneficial properties on Friday following Powell’s feedback saved them in record-high territory. The S&P 500 (INDEXSP:INX) was up 1.52 % on Friday, however down by 0.16 % over the previous 5 days to six,466.92, whereas the Nasdaq 100 (INDEXNASDAQ:NDX) rose 1.51 % on Friday, however sank 1.33 % on the week to 23,497.83 on Wednesday. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) was the only weekly gainer, rising 1.89 % on Friday and 1.04 % on the week to post a new report high of 45,631.73.
The gold price was largely flat this week, but in addition surged on Friday after Powell hinted at a near-term price cut, rising 1.11 % on the week to hit US$3,373.21 per ounce by 4:00 p.m. EDT on Friday. Silver noticed related actions, however ended the week with a bigger gain of 2.62 % to US$38.90 per ounce.Copper noticed little change again this week, posting a 0.22 % lower to US$4.52 per pound. The S&P GSCI (INDEXSP:SPGSCI) commodities index posted an increase of 1.92 % by close on Friday, ending at 545.11.
Top Canadian mining stocks this week
How did mining stocks carry out towards this backdrop?Take a have a look at this week’s 5 best-performing Canadian mining stocks beneath.
Stocks information for this text was retrieved at 4:00 p.m. EDT on Friday utilizing TradingView’s stock screener. Only corporations trading on the TSX, TSXV and CSE with market caps better than C$10 million are included. Mineral corporations within the non-energy minerals, vitality minerals, course of industry and producer manufacturing sectors have been thought-about.
1. StrategX Elements (CSE:STGX)
Weekly gain: 63.64 %
Market cap: C$11.57 million
Share price: C$0.18StrategX Elements is advancing a portfolio of tasks within the Northwest Territories and Nunavut, Canada.Its most up-to-date focus has been its Nagvaak project in Nunavut, which hosts a 6 kilometer mineralized zone with deposits of nickel, vanadium, cobalt, copper, silver and platinum-group metals. On March 3, the company found a extensive zone of high-grade graphite mineralization at Nagvaak, with one assay returning an average of 15 % graphitic carbon over 32 meters, together with an intersection of 22 % graphitic carbon over 17 meters. StrategX stated the outlet additionally returned encouraging concentrations of different minerals, together with nickel, copper and silver, supporting potential for a multi-mineral system.
The most up-to-date news from the project got here on July 30, when the company introduced it was within the course of of mobilizing for a 2025 drill program supposed to delineate and validate the discoveries.On Tuesday, the company accomplished a non-brokered non-public placement for 3.71 million shares, raising gross proceeds of C$296,960. It introduced the location on August 7 and stated the funds could be used for basic working capital.
2. Max Resource (TSXV:MAX)
Weekly gain: 62.5 %
Market cap: C$12.59 million
Share price: C$0.065Max Resource is an explorer working to advance a portfolio of tasks in Colombia.The company’s Sierra Azul property is a district-scale copper and silver project consisting of 20 mining concessions protecting an space of 188 sq. kilometers in Northeastern Colombia.
The asset is roofed by a May 2024 earn-in settlement with Freeport-McMoRan (NYSE:FCX), wherein Freeport can obtain up to an 80 % stake by funding of C$50 million over 10 years. The website hosts a number of goal areas with high-grade copper and silver mineralization, together with a 20 kilometer red-bed-style copper system on the AM district.Max additionally owns the Florália hematite direct-shipping ore iron project, positioned within the Minas Gerais area. The company accomplished the acquisition of the property in October 2024 from Jaguar Mining (TSX:JAG,OTCQX:JAGGF) for whole money consideration of US$1 million and 4 million efficiency share items, contingent upon reaching sure milestones. The website hosts hematite deposits with grades of over 60 % iron. Max intends to make use of a direct-shipping ore course of to mine, crush and screen the ore earlier than exporting the fabric on to metal mills.The company’s most up-to-date announcement got here this previous Tuesday, when it secured the best to amass the Mora title, which lies adjoining to Aris Mining’s (TSX:ARIS,NYSEAMERICAN:ARMN) Marmato mine. The property hosts 40 historic workings with 5 lively mines, with reserves with grades of 3.2 grams per metric ton (g/t) gold from 31.3 million metric tons and a useful resource of 9 million ounces of gold grading 3 g/t from 61.5 million metric tons.
3. Maple Gold Mines (TSXV:MGM)
Weekly gain: 50 %
Market cap: C$45.6 million
Share price: C$0.105Maple Gold Mines is a gold exploration company targeted on the development of its Douay and Joutel tasks, positioned within the Abitibi greenstone belt in Québec, Canada.
The Douay project covers an space of 357 sq. kilometers. In a 2022 technical report, the company stated the location hosts an indicated useful resource of 511,000 ounces of gold from 10 million metric tons with an average grade of 1.59 g/t gold; it has an further inferred useful resource of 2.53 million ounces from 76.7 million metric tons at 1.02 g/t.Joutel is positioned straight south of Douay. The company introduced on May 5 that it had staked an further 128 mining claims, bringing the overall land space on the property to 111 sq. kilometers from the unique 39. The website hosts Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) past-producing Eagle-Telbel gold mine, which operated from 1974 to 1993. To date, the company has used 250,000 meters of historic drill outcomes to create 3D fashions to help in present exploration efforts.The most up-to-date news from Maple got here on Wednesday, when it introduced a C$5 million non-brokered non-public placement led by strategic investor Michael Gentile. Additionally, the company reported that Agnico Eagle has indicated it intends to take part within the offering to take care of its professional rata possession curiosity in Maple Gold.The release additionally states that Marc Legault and Chris Adams have been appointed to the board of administrators.
4. Capitan Silver (TSXV:CAPT)
Weekly gain: 40.45 %
Market cap: C$113.2 million
Share price: C$1.25
Capitan Silver is an explorer targeted on advancing silver and gold tasks in Durango, Mexico.The company’s flagship asset is the one hundred pc owned Cruz de Plata project within the coronary heart of Mexico’s historic Penoles Mining District. The area is thought for internet hosting vital silver mineralization and historic mining.The Cruz de Plata project encompasses two historic silver mines — Jesus Maria and San Rafael — and the El Capitan oxide gold prospect, all within a 22.9 sq. kilometer land bundle. To date, the company has accomplished 86 diamond drill holes totaling over 11,550 meters.A 2020 technical report demonstrates an inferred useful resource of 16.99 million ounces of contained silver and 331,000 ounces of contained gold from 28.3 million metric tons of ore with grades of 18.7 g/t silver and 0.36 g/t gold.
The most up-to-date news from Capitan got here on Friday, when it introduced it has executed a definitive settlement to amass a strategic land bundle at its Cruz de Plata property from Fresnillo (LSE:FRES,OTC Pink:FNLPF) for whole money consideration of US$4 million. The transaction was initially introduced in June.The new parcel consists of seven mineral concessions protecting 2,171.4 hectares. It will increase Capitan’s whole holdings within the space by 85 % and the floor expression of the silver and gold development by 1.2 kilometers to the east.
5. District Metals (TSXV:DMX)
Weekly gain: 36.9 %
Market cap: C$163.98 million
Share price: C$1.15District Metals is a uranium exploration company targeted on advancing a portfolio of property in Sweden.Its flagship Viken property covers an space of 38,657 hectares in Jämtland County, and along with uranium hosts mineral deposits of vanadium, molybdenum, nickel, copper and zinc.
On June 13, District filed a technical report for the project’s up to date useful resource estimate. It exhibits an indicated useful resource of 176 million kilos of U3O8 from 456 million metric tons of ore with a grade of 175 elements per million (ppm) U3O8 and an inferred useful resource of 1.54 billion kilos of U3O8 from 4.3 billion metric tons with a grade of 161 ppm. The company has additionally been advancing its Tomtebo-Stollberg zinc project in South-Central Sweden. The project is a component of an October 2023 definitive settlement wherein Boliden (STO:BOL) can earn an 85 % curiosity within the property by spending C$10 million over 4 years and District can earn a 15 % stake in Boliden’s Stollberg property.Tomtebo covers an space of 5,144 hectares and hosts the historic Tomtebo and Lovas mines, whereas Stollberg covers an space of 5,180 hectares and is positioned close to Boliden’s Garpengerg mine.The most up-to-date replace from Tomtebo got here on July 29, when District launched assays from a 5 gap, 2,485 meter drill program performed between February and April. One highlighted drill gap recorded a number of zones of silver and base metals mineralization, together with 88 g/t silver, 3 % zinc and 1.9 % lead over 7.85 meters.The company has not launched any news since.
FAQs for Canadian mining stocks
What is the distinction between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is utilized by senior corporations with bigger market caps, and the TSXV, or TSX Venture Exchange, is utilized by smaller-cap corporations. Companies listed on the TSXV can graduate to the senior exchange.
How many mining corporations are listed on the TSX and TSXV?
As of February 2025, there have been 1,572 corporations listed on the TSXV, 905 of which have been mining corporations. Comparatively, the TSX was home to 1,859 corporations, with 181 of these being mining corporations.Together the TSX and TSXV host round 40 % of the world’s public mining corporations.
How a lot does it value to checklist on the TSXV?
There are a selection of totally different charges that corporations should pay to checklist on the TSXV, and in response to the exchange, they’ll fluctuate based mostly on the transaction’s nature and complexity. The itemizing price alone will most certainly value between C$10,000 to C$70,000. Accounting and auditing charges might rack up between C$25,000 and C$100,000, whereas legal charges are anticipated to be over C$75,000 and an underwriters’ commission might hit up to 12 %.The exchange lists a handful of different charges and bills corporations can count on, together with however not restricted to security commission and switch company charges, investor relations prices and director and officer legal responsibility insurance coverage.These are all only for the initial itemizing, of course. There are ongoing bills as soon as corporations are trading, corresponding to sustaining charges and extra itemizing charges, plus the prices related to submitting common stories.
How do you trade on the TSXV?
Investors can trade on the TSXV the way in which they’d trade stocks on any exchange. This means they’ll use a stock broker or an particular person investment account to buy and promote shares of TSXV-listed corporations during the exchange’s trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.Don’t overlook to observe us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, maintain no direct investment curiosity in any company talked about on this article.Securities Disclosure: I, Lauren Kelly, maintain no direct investment curiosity in any company talked about on this article.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
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