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 December jobs figures on Friday (January 9). The info exhibits that 8,200 new jobs have been added in the course of the month, whereas the unemployment fee rose to six.8 p.c, up 0.3 share factors from November.
The company attributes the acquire to extra Canadians actively in search of work. Analysts had anticipated a lower of 5,000 jobs and a smaller enhance within the unemployment fee to six.6 p.c.
Among the many highlights of the report was an enchancment in the kind of labor, as part-time jobs fell by 42,000, whereas full-time jobs rose by 50,000. The positive factors deliver the full variety of jobs added to the Canadian economic system since September to 181,000, ending the yr with robust momentum after little development earlier in 2025.
The US Bureau of Labor Statistics additionally launched jobs knowledge, indicating that the US economic system added 50,000 jobs in December, with an unemployment fee of 4.4 p.c, down 0.1 share factors from November.
Excluding 2020 at first of the COVID-19 pandemic, the 584,000 jobs added in 2025 mark the worst efficiency for the US jobs market since 2009 on the top of the worldwide monetary disaster.
On Wednesday (January 7), US President Donald Trump introduced on Reality Social that Venezuela could be turning over as much as 50 million barrels of oil to the US, value roughly US$2.8 billion, and it might be offered at market value.
Trump wrote that he’ll management the cash constituted of the gross sales “to make sure it’s used to profit the folks of Venezuela and the USA.” The announcement comes days after US forces executed an operation to seize Venezuelan President Nicolas Maduro and return him to the US to face trial for drug trafficking and weapons costs.
Trump additionally said that the US will probably be overseeing the governance of the South American nation, whereas eyeing a return for US oil corporations, giving the US management of one of many world’s largest oil reserves indefinitely.
The actions introduced widespread criticism from US allies and foes alike, because the US violated worldwide and home legal guidelines by working exterior conventional mechanisms to hold out the operation, which included bombing strikes on strategic army targets within the nation. Due partially to considerations of competitors from rising Venezuelan oil manufacturing, some Canadian oil shares fell by as a lot as 7 p.c on Monday (January 5).
In mining information, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) restarted merger discussions this week. The businesses beforehand mentioned making a mixed entity in 2024, however talks stalled.
For extra on what’s transferring markets this week, try our high market information round-up.
Markets and commodities react
Canadian fairness markets have been on the rise this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.51 p.c over the week and set a brand new report to shut Friday at 32,612.93; the S&P/TSX Enterprise Composite Index (INDEXTSI:JX) fared a bit of higher, rising 4.91 p.c to 1,052.18. The CSE Composite Index (CSE:CSECOMP) additionally gained floor, rising 5.17 p.c to shut at 182.45.
The gold value was buying and selling close to all-time highs this week following the US incursion into Venezuela. It gained 4.36 p.c on the week to succeed in US$4,506.84 per ounce by Friday at 4:00 p.m. EST. The silver value did even higher, buying and selling close to an all time excessive at US$82.54 per ounce on Tuesday (January 6). Though the worth pulled again on Wednesday and Thursday (January 8), it rebounded on Friday to finish the week up 10.17 p.c at US$79.75.
In base metals, the Comex copper value climbed to its personal report excessive, reaching US$6.12 per pound on Monday, earlier than pulling again to finish the week down 0.67 p.c at US$5.91.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 2.06 p.c to finish Friday at 559.83.
High Canadian mining shares this week
How did mining shares carry out towards this backdrop?
Check out this week’s 5 best-performing Canadian mining shares beneath.
Shares knowledge for this text was retrieved at 4:00 p.m. EST on Friday utilizing TradingView’s inventory screener. Solely corporations buying and selling on the TSX, TSXV and CSE with market caps better than C$10 million are included. Mineral corporations throughout the non-energy minerals, vitality minerals, course of business and producer manufacturing sectors have been thought-about.
1. Gold Reserve (TSXV:GRZ)
Weekly acquire: 131.78 percentMarket cap: C$662.66 millionShare value: C$5.47
Gold Reserve is an exploration firm that holds a minority share within the Siembra Minera gold and copper undertaking in Venezuela. It’s presently in a dispute with the Venezuelan authorities, which holds a majority stake within the undertaking, claiming that it has disadvantaged Gold Reserve of its rights to the multi-billion greenback mining undertaking.
In 2014, the federal government was ordered to pay over US$700 million to Gold Reserve, however, in a present of fine religion, the corporate agreed to enter into settlement negotiations, in the end agreeing in 2016 to pay the arbitration award in installments. Nonetheless, in keeping with Gold Reserve, the federal government did not make funds and, by 2021, had shifted to sabotaging negotiations, coming into into new offers over the property with rivals, and imprisoning the corporate’s chief authorized and industrial consultant. The corporate states the imprisonment intimidated potential court docket representatives for the corporate, and the Supreme Courtroom of Venezuela dismissed Gold Reserve’s attraction for “lack of illustration.”
Extra just lately, Gold Reserve has pursued authorized motion in Delaware concerning the pressured sale of property owned by Venezuela’s state-owned oil producer, PDVSA, and CITGO. In its most up-to-date replace on the Delaware case Friday, Gold Reserve mentioned that it filed its opening attraction transient with the US Courtroom of Appeals for the Third Circuit in reference to the proposed sale of the oil corporations’ property. Though Gold Reserve was the very best bidder, the District Courtroom authorised the sale to Elliott Funding Administration and affiliate Amber Vitality. Gold Reserve asserts that the order approving the sale violated Delaware necessities that connected shares be offered to the very best bidder.
The corporate believes there are sufficient considerations to vacate the sale order. It additionally added that it’s reviewing safety plans and taking proactive steps to help an eventual secure return to its operations in Venezuela.
Shares surged this week following the seize of Venezuela’s Maduro by US forces on January 3.
2. Peloton Minerals (CSE:PMC)
Weekly acquire: 92.86 percentMarket cap: C$42.06 millionShare value: C$0.27
Peleton Minerals is an exploration firm targeted on its flagship North Elko lithium undertaking in Nevada, US.
The property consists of 442 mineral claims protecting 37 sq. kilometers, west of a significant discovery made by Surge Battery Metals (TSXV:NILI,OTCQX:NILIF) in 2023. In 2024 and 2025, Peloton carried out a number of exploration applications on the website, together with airborne hyperspectral imaging, a soil geochemistry survey and geological mapping.
In November 2025, the corporate commenced a maiden drill program on the website, saying it deliberate to focus on lithium-bearing claystone layers with potential for different important minerals.
This system consisted of 4 holes, every drilled to a depth of roughly 500 ft. Peloton introduced on December 10 that this system was full and confirmed near-surface clay layers. The corporate had submitted samples for multi-element evaluation, with outcomes not anticipated till the top of January 2026.
Shares within the firm gained this week, but it surely has not launched information since December 31, when it reported the closing of the third and last tranche of its non-brokered non-public placement. The three fundraising rounds raised C$1.17 million in whole and proceeds will fund lithium exploration in Northern Nevada and dealing capital.
3. Decade Sources (TSXV:DEC)
Weekly acquire: 77.78 percentMarket cap: C$13.84 millionShare value: C$0.08
Decade Sources is concentrated on advancing a portfolio of properties within the Golden Triangle area of BC, Canada.
Amongst its pursuits is a 55 p.c stake within the Del Norte property situated close to Stewart, BC. The corporate acquired its share within the property from Teuton Sources (TSXV:TUO,OTCQB:TEUTF) by way of a January 2020 choice deal.
Since that point, the corporate has executed the required C$4 million in exploration expenditures at Del Norte, and is now wanting towards incomes an extra 20 p.c stake by bringing the property to industrial manufacturing.
Drilling on the website in 2024 led to the invention of a brand new zone with assays of 6.59 grams per metric ton (g/t) gold and 946 g/t silver over 1 meter, situated beneath the Kosciuszko zone.
The newest replace got here on Tuesday, when Decade supplied an outline of the property and laid out its exploration plans for 2026. The work would deal with a number of areas, together with one 800 meters southwest of the Eagle’s Nest zone the place a historic float pattern returned values of 4,232.2 g/t silver and 13.59 g/t gold in 1994. Targets additionally embody the 2024 discovery, and alongside strike from the Kosciuszko and Eagle’s Nest zones.
4. SouthGobi Sources (TSX:SGQ)
Weekly acquire: 68.89 percentMarket cap: C$99.39 millionShare value: C$0.38
SouthGobi is a coal mining firm with property situated in Southern Mongolia close to the border with China.
Its flagship operation is the Ovoot Tolgoi coal mine, which consists of the Dawn and Sundown pits and has been producing since 2008. SouthGobi holds permits to mine till 2037. The corporate additionally owns two extra properties within the area. The Soumber deposit is situated 20 kilometers east of the Ovoot Tolgoi mine, which means that any potential mining of Soumber may share Ovoot Tolgoi’s infrastructure. Its final property is the Zag Suuj deposit, situated 150 kilometers east of Ovoot Tolgoi and 80 kilometers from the Mongolia-China Border.
The corporate has not launched any information this previous week.
5. Regency Silver (TSXV:RSMX)
Weekly acquire: 65.38 percentMarket cap: C$19.16 millionShare value: C$0.215
Regency Silver is an exploration firm targeted on its Dios Padre treasured metals and copper property in Sonora, Mexico. The location contains three concessions protecting a complete space of 728 hectares and was acquired by a 2017 earn-in settlement with Minera Pena Blanca. It hosts the historic Dios Padre silver mine.
A March 2023 technical report outlines an inferred useful resource of 1.38 million metric tons of ore containing 10.15 million ounces of silver with a mean grade of 228 g/t, plus 14,294 ounces of gold with a mean grade of 0.32 g/t.
The newest replace from the undertaking got here on Thursday, when Regency introduced a 225 meter step-out extension from the earlier drilling. The corporate mentioned it encountered sulfide-specularite supported breccia throughout a broad, non-continuous interval of 240 meters. Whereas it has not obtained analytical outcomes, it in contrast the breccia to that present in a number of different holes on the website, together with one by which a 35.8 meter intersection returned grades of 6.84 g/t gold, 0.88 p.c copper and 21.82 g/t silver. The information coincides with near-record-high gold and silver costs.
FAQs for Canadian mining shares
What’s the distinction between the TSX and TSXV?
The TSX, or Toronto Inventory Trade, is utilized by senior corporations with bigger market caps, and the TSXV, or TSX Enterprise Trade, is utilized by smaller-cap corporations. Firms listed on the TSXV can graduate to the senior trade.
What number of mining corporations are listed on the TSX and TSXV?
As of Could 2025, there have been 1,565 corporations listed on the TSXV, 910 of which have been mining corporations. Comparatively, the TSX was residence to 1,899 corporations, with 181 of these being mining corporations.
Collectively, the TSX and TSXV host round 40 p.c of the world’s public mining corporations.
How a lot does it price to listing on the TSXV?
There are a number of various charges that corporations should pay to listing on the TSXV, and in keeping with the trade, they will differ primarily based on the transaction’s nature and complexity. The itemizing charge alone will almost certainly price between C$10,000 to C$70,000. Accounting and auditing charges may 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 could hit as much as 12 p.c.
The trade lists a handful of different charges and bills corporations 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, in fact. There are ongoing bills as soon as corporations are buying and selling, resembling sustaining charges and extra itemizing charges, plus the prices related to submitting common stories.
How do you commerce on the TSXV?
Buyers can commerce on the TSXV the best way they might commerce shares on any trade. This implies they will use a inventory dealer or a person funding account to purchase and promote shares of TSXV-listed corporations in the course of the trade’s buying and selling hours.
High 5 Canadian Mining Shares This Week: St. Augustine Rises 67 P.c on Non-public Placement
High 5 Canadian Mining Shares This Week: St. Augustine Rises 67 P.c on Non-public Placement
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.
Editorial Disclosure: JZR Gold is a shopper of the Investing Information Community. This text isn’t paid-for content material.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
