Welcome to the Investing Information Community’s weekly take a look at the best-performing Canadian mining shares on the TSX, TSXV and CSE, beginning with a round-up of Canadian and US information impacting the useful resource sector.
Statistics Canada launched June’s client worth index (CPI) knowledge on Tuesday (July 15). The report confirmed that year-over-year inflation gained momentum through the month, rising to 1.9 p.c from the 1.7 p.c recorded in Could.
The rise was attributed partially to the 13.4 p.c year-over-year decline in fuel costs seen in June, because it was a smaller drop than Could’s 15.5 p.c lower attributable to the elimination of the patron carbon tax.
Different components contributing to the rise included a 2.7 p.c improve in sturdy items, with passenger autos posting the most important positive aspects at 4.1 p.c. Grocery costs additionally elevated 2.8 p.c, though they eased off from a 3.3 p.c improve in Could.
Whereas economists had predicted a bigger 2 p.c rise in CPI, the figures nonetheless make it unlikely that the Financial institution of Canada will lower its benchmark price at its subsequent assembly on July 30. Canada’s central financial institution has lower its rates of interest seven occasions since June 2024, reducing it from 5 p.c to 2.75 p.c in March.
South of the border, the US Bureau of Labor Statistics additionally launched its June CPI knowledge the identical day, reporting year-over-year progress of two.7 p.c, sharply up from the two.4 p.c acquire posted in Could. On a month-to-month foundation, CPI rose 0.3 p.c, additionally greater than Could’s 0.1 p.c.
Analysts have attributed the acquire to a rise in costs ensuing from US President Donald Trump’s tariff coverage, as distributors restocked cabinets with inventories bought after tariffs had been utilized.
Items and companies elevated throughout the board, besides for brand new and used autos, which declined by 0.3 p.c and 0.7 p.c on a month-to-month foundation. Vitality rose 0.9 p.c, together with a 1 p.c improve in gasoline costs, a reversal from Could’s power and fuel worth decreases of 1 p.c and a pair of.6 p.c respectively.
The info will seemingly play a job in what the US Federal Reserve decides throughout its subsequent price assembly on July 29 and 30. Economist consensus is that the central financial institution will proceed to carry on the present 4.25 to 4.5 p.c vary.
Markets and commodities react
In Canada, fairness markets had been largely constructive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1 p.c to shut at 27,314.01 on Friday (July 18) and set a brand new all-time excessive through the week. The S&P/TSX Enterprise Composite Index (INDEXTSI:JX) fared even higher this week, gaining 2.53 p.c to 797.75. Nevertheless, the CSE Composite Index (CSE:CSECOMP) fell 2.6 p.c to 126.84.
As for US fairness markets, the S&P 500 (INDEXSP:INX) gained 0.66 p.c to shut Friday at 6,296.78 and the Nasdaq 100 (INDEXNASDAQ:NDX) climbed 1.35 p.c to 23,065.47, with each additionally setting new document highs through the week. Then again, the Dow Jones Industrial Common (INDEXDJX:.DJI) fell 0.1 p.c to 44,342.20.
In valuable metals, the gold worth rose 0.78 p.c over the week to US$3,349.66 by Friday at 5 p.m. EDT. In the meantime, the silver worth continued to commerce close to 11-year highs, climbing 3.13 p.c on the week to US$38.15 per ounce.
In base metals, copper ended the week had been it began out, however was nonetheless buying and selling close to all time highs at US$5.60 per pound. The S&P GSCI (INDEXSP:SPGSCI) posted a 1.26 p.c acquire to complete the week at 551.61.
High Canadian mining shares this week
How did mining shares carry out in opposition to this backdrop?
Check out this week’s 5 best-performing Canadian mining shares under.
Inventory knowledge for this text was retrieved at 4 p.m. EDT on Friday utilizing TradingView’s inventory screener. Solely firms buying and selling on the TSX, TSXV and CSE with market capitalizations better than C$10 million are included. Mineral firms inside the non-energy minerals, power minerals, course of business and producer manufacturing sectors had been thought of.
1. Altima Vitality (TSXV:ARH)
Weekly acquire: 97.96 percentMarket cap: C$43.99 millionShare worth: C$0.97
Altima Vitality is a lightweight oil and pure fuel exploration and growth firm with operations in Alberta, Canada.
Its main asset is the Richdale property in Central Alberta. The property consists of 5 producing gentle oil wells and sits on 5,920 acres of long-term reserves. The property hosts mixed proved and possible reserves of slightly below 2 billion barrels of oil equal, with a pre-tax internet current worth of C$25.8 million.
The corporate additionally owns two wells at its Twinning gentle oil website close to Nisku, seven producing wells at its Crimson Earth property in Northern Alberta and two multi-zone wells at its Chambers Ferrier liquid fuel manufacturing property.
Shares in Altima began to achieve after it launched information on July 8 that it had accomplished a non-public placement for proceeds of as much as C$5.5 million. Underneath the phrases of the deal, the corporate will subject 20 million models at C$0.275 per unit, which every embody one frequent share and one warrant permitting the holder to buy a standard share for C$0.40.
The corporate stated that a part of the proceeds could be used to finish subject upgrades at its Crimson Earth and Richdale properties.
2. Kirkland Lake Discoveries (TSXV:KLDC)
Weekly acquire: 81.82 percentMarket cap: C$11.26 millionShare worth: C$0.10
Kirkland Lake Discoveries is a gold and copper exploration firm targeted on tasks in its district-scale land package deal situated within the Kirkland Lake space of Ontario, Canada.
Its holdings span an space of roughly 38,000 hectares within the Abitibi Greenstone Belt that has been host to past-producing gold and copper mines. It’s broadly divided into KL West and KL East, which comprise the Goodfish-Kirana and Fortunate Strike gold tasks, respectively, amongst others.
On April 29, the corporate introduced it entered right into a mining possibility settlement with Val-d’Or Mining (TSXV:VZZ) to amass a 100% curiosity within the Winnie Lake and Amikougami properties, in addition to mining declare buy agreements with two distributors to amass additional claims across the Winnie Lake Pluton. The properties increase KL West’s southern portion.
Following the settlement, the corporate performed seize samples on the Winnie Lake property and reported the outcomes on July 9. One seize pattern collected close to the historic Winnie Shaft zone yielded grades of 1.6 grams per metric ton (g/t) gold, 28.2 g/t silver, 5.7 p.c copper, 5.3 p.c zinc and 1.65 g/t tellurium.
The corporate additionally found a quartz-veined intrusive outcrop 150 meters west of the shaft throughout subject prospecting, with samples displaying traits of magmatic-hydrothermal copper-gold techniques, together with seen malachite and powerful potassic alteration.
Moreover, Kirkland Lake reported it has acquired full drill permits for Winnie Lake and plans to provoke actions on the website this summer time, specializing in the newly outlined zones.
3. Pleased Creek Minerals (TSXV:HPY)
Weekly acquire: 70 percentMarket cap: C$10.33 millionShare worth: C$0.085
Pleased Creek Minerals is an exploration firm targeted on advancing a portfolio of belongings in British Columbia, Canada.
Its main focus has been on its Fox tungsten property situated within the South Caribou area of the province. It contains 135.9 sq. kilometers of mineral tenure and hosts deposits containing tungsten, molybdenum, zinc, indium, gold and silver. In whole, 21,125 meters of exploration drilling have been carried out on the website, primarily in shallow holes, for useful resource definition.
Pleased Creek’s share worth started climbing Tuesday after the corporate introduced a non-brokered non-public placement to lift gross proceeds of as much as C$3.25 million in flow-through models at C$0.07 per share and non-flow-through models at C$0.05 per share.
The next day, Pleased Creek upsized the providing to C$3.75 million.
The corporate plans to make use of the gross proceeds for drilling, exploration and growth at Fox, in addition to different exploration work within the Caribou.
4. Camino Minerals (TSXV:COR)
Weekly acquire: 56.52 percentMarket cap: C$13.5 millionShare worth: C$0.36
Camino Minerals is a copper exploration and growth firm with a portfolio of tasks in Chile and Peru.
Earlier in 2025, the corporate shifted its focus to its newly acquired, construction-ready Puquois copper undertaking in Chile.
In October 2024, Camino entered a definitive settlement to create a 50/50 three way partnership with Nittetsu Mining (TSE:1515) that will purchase Cuprum Sources, which owns the Puquios undertaking. The companions accomplished the acquisition April 17 and stated they’d flip their consideration to undertaking financing.
On March 17, Camino filed a prefeasibility examine for the undertaking. The examine outcomes show a post-tax internet current worth of US$118 million, with an inner price of return of 23.4 p.c and a payback interval of three.1 years at a hard and fast copper worth of US$4.28. It additionally outlines all-in sustaining prices of US$2.00 per pound over a 14.2 yr mine life.
Along with the financial particulars, the included mineral useful resource estimate exhibits a measured and indicated useful resource of 149,000 metric tons of copper from 32.16 million metric tons of ore grading 0.46 p.c copper.
Camino additionally owns the Los Chapitos undertaking, which has been a long-time focus of the corporate. The undertaking covers roughly 22,000 hectares close to the coastal city of Chala, Peru, and hosts near-surface mineralization.
Camino has been conducting exploration efforts at Los Chapitos all through the primary half of 2025. On Wednesday, it reported trench outcomes from the newly recognized Mirador zone, together with 1.07 p.c copper over 90 meters, with a four-meter part containing 3.05 p.c copper.
5. Solstice Gold (TSXV:SGC)
Weekly acquire: 56.25 percentMarket cap: C$29.38 millionShare worth: C$0.125
Solstice Gold is an exploration firm targeted on its flagship Strathy gold undertaking in Ontario, which it acquired in June 2024.
The undertaking consists of 45 claims masking an space of 45 sq. kilometers within the Temagami Greenstone belt. Historic paperwork report six gold showings within the central portion of the undertaking areas, with documented mineralization on the Leckie prospect.
In its newest undertaking replace on July 2, Solstice introduced it had wrapped up its spring drill program, which targeted on 4 goal areas. In whole, the corporate accomplished 3,125 meters of drilling throughout 14 holes, and outcomes are anticipated in July.
The corporate additionally reported that it had entered into an settlement to amass 17 extra claims, which might improve the undertaking space by 50 p.c. It added that targets recognized from its IP program might prolong alongside strike into these claims.
FAQs for Canadian mining shares
What’s the distinction between the TSX and TSXV?
The TSX, or Toronto Inventory Change, is utilized by senior firms with bigger market caps, and the TSXV, or TSX Enterprise Change, is utilized by smaller-cap firms. Corporations listed on the TSXV can graduate to the senior alternate.
What number of mining firms are listed on the TSX and TSXV?
As of February 2025, there have been 1,572 firms listed on the TSXV, 905 of which had been mining firms. Comparatively, the TSX was residence to 1,859 firms, with 181 of these being mining firms.
Collectively the TSX and TSXV host round 40 p.c of the world’s public mining firms.
How a lot does it price to checklist on the TSXV?
There are a number of various charges that firms should pay to checklist on the TSXV, and based on the alternate, they’ll range based mostly on the transaction’s nature and complexity. The itemizing price alone will almost definitely price between C$10,000 to C$70,000. Accounting and auditing charges might rack up between C$25,000 and C$100,000, whereas authorized charges are anticipated to be over C$75,000 and an underwriters’ fee might hit as much as 12 p.c.
The alternate lists a handful of different charges and bills firms can anticipate, together with however not restricted to safety fee and switch company charges, investor relations prices and director and officer legal responsibility insurance coverage.
These are all only for the preliminary itemizing, after all. There are ongoing bills as soon as firms are buying and selling, equivalent to sustaining charges and extra itemizing charges, plus the prices related to submitting common experiences.
How do you commerce on the TSXV?
Buyers can commerce on the TSXV the way in which they’d commerce shares on any alternate. This implies they’ll use a inventory dealer or a person funding account to purchase and promote shares of TSXV-listed firms through the alternate’s buying and selling hours.
Article by Dean Belder; FAQs by Lauren Kelly.
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Securities Disclosure: I, Dean Belder, maintain no direct funding curiosity in any firm talked about on this article.
Securities Disclosure: I, Lauren Kelly, maintain no direct funding curiosity in any firm talked about on this article.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
