Welcome to the Investing News Network’s weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Monday (April 13), professional services firm EY released a report on British Columbia’s mining sector. Spending in BC’s mineral exploration sector set a new record of C$751 million in 2025, up 36 percent from 2024 and surpassing the previous record of C$740 million set in 2022.Leading the way were copper projects, accounting for more than 50 percent of total spending at C$385 million. For the first time ever, capital inflows for copper projects outpaced funding for gold projects, which totaled C$227 million last year.As a whole, funding for copper and critical minerals exploration nearly doubled, up 93 percent over 2024.Companies in the junior sector were at the forefront, increasing spending 47 percent year-over-year with a significant focus on grassroots copper projects and new projects in Northwest BC.EY’s report focused on 187 companies responsible for 301 projects in the province, drawing data from a combination of survey results and 2025 financial statements and press releases.According to EY, BC is positioned to lead critical minerals development as long as it remains committed to collaboration among government, industry and Indigenous stakeholders.In geopolitical news, on Friday (April 17), both the United States and Iran announced that the Strait of Hormuz was fully open to traffic. The news came after Israel and Hezbollah came to terms on a 10 day ceasefire in Lebanon.Iran had been maintaining a blockade through the strait after it agreed to a ceasefire with the US, contingent on Israel halting its campaign in Lebanon. The news caused oil prices to plunge sharply, with both Brent and West Texas Intermediate down more than 10 percent to US$88.97 and US$83.24 per barrel during morning trading on Friday. For more on what’s moving markets this week, check out our top market news round-up.
Markets and commodities react
Canadian equity markets were positive this week.The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.43 percent over the week to close Friday (April 17) at 34,346.29, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 4.94 percent to 1,054.91.The CSE Composite Index (CSE:CSECOMP) gained 4.39 percent to 176.05.The gold price gained 1.8 percent to close at US$4,847.86 per ounce on Friday at 4:00 p.m. EDT, and the silver price fared even better, closing the week up 7.22 percent at US$81.16 on Friday.In base metals, the Comex copper price recorded a 5.75 percent increase this week to US$6.09.The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was down 4.26 percent to end Friday at 679.11.
Top Canadian mining stocks this week
How did mining stocks perform against this backdrop? Take a look at this week’s five best-performing Canadian mining stocks below.Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
1. Tincorp Metals (TSXV:TIN)
Weekly gain: 128 percentMarket cap: C$85.38 millionShare price: C$1.14Explorer Tincorp Metals is focused on its newly acquired gold-copper project in Ecuador. On February 25, Tincorp announced that it entered into a definitive agreement with Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM), Tincorp’s largest shareholder, to acquire the Santa Barbara gold-copper project in Southeast Ecuador.Then, on April 9, the company filed a technical report for its updated mineral resource estimate for the project. Santa Barbara hosts an indicated resource of 697,000 ounces of gold and 68.2 million pounds of copper from 29.8 million metric tons of ore with grades of 0.73 grams per metric ton (g/t) gold and 0.1 percent copper.Its inferred resource came in at 3.42 million ounces of gold and 425.87 million pounds of copper from 205.7 million metric tons with grades of 0.52 g/t gold and 0.09 percent copper.The company also owns two tin projects in Bolivia. Its SF Tin project covers a 2 square kilometer area in the Potosí Department of West-Central Bolivia. The site hosts a historical open-pit mine and was previously explored by Rio Tinto in the 1990s.The company’s Porvenir project is an 11.25 square kilometer property in Western Bolivia that hosts historical open-pit and underground mining operations.According to its April 9 release, Tincorp’s next steps include conducting a 10,000 meter drill program at Santa Barbara aimed at confirming previous results, upgrading the MRE and understanding the project’s mineralization controls and metallurgy.
2. Kirkland Lake Discoveries (TSXV:KLDC)
Weekly gain: 114.71 percentMarket cap: C$45.14 millionShare price: C$0.365Kirkland Lake Discoveries is a gold and copper exploration company focused on projects in its district-scale land package located in the Kirkland Lake area of Ontario, Canada.Its holdings span an area of approximately 40,000 hectares in the Abitibi greenstone belt, an area that has been host to past-producing gold and copper mines. It is broadly divided into KL West and KL East, which contain the Goodfish-Kirana and Lucky Strike gold projects, respectively, among others.The company has made several additions to its land package over the past year, the most recent being the Mirado property. Located 20 kilometers south of Kirkland Lake, Mirado hosts a historic resource of 442,000 ounces of gold.Kirkland Lake Discoveries originally announced the acquisition of the property in December 2025, and the deal closed on March 3.On Thursday (April 16), Kirkland released assay results from the first hole of its 2026 drill program at the property, which encountered 103 meters of continuous mineralization. One highlighted intersection from the hole returned grades of 5.66 g/t gold over 18.2 meters, including an interval of 23.03 g/t over 4.3 meters.Company CEO Stefan Sklepowicz said the results were an exceptional start to the program at Mirado, confirming a “robust system with potential for both bulk-tonnage scale and high-grade zones,” with the system open in multiple directions.
3. Carlin Gold (TSXV:CGD)
Weekly gain: 93.55 percentMarket cap: C$11.61 millionShare price: C$0.60Carlin Gold is an exploration company with a trio of projects in Nevada, US, consisting of the Cortez Summit and Willow gold projects and the Ivy copper-gold skarn project.Cortez Summit sits on 142 unpatented claims within the prolific Cortez Trend, and is located 1.4 kilometers northeast of the Nevada Gold Mines Goldrush deposit.The company’s most recent activity has been at the Ivy property, which comprises 161 unpatented claims near Elko.Last November, Carlin reported that a survey detected a 1,500 meter by 200 meter anomaly at Ivy, which was open along strike and at depth below 250 meters.At the time, the company said it was using the data to formalize a drill program to test priority targets at the site.On Tuesday (April 14), Carlin announced it completed a non-brokered private placement raising gross proceeds of C$2.16 million. Carlin said it intends to use the funds for exploration and maintenance of its projects, as well as for general working capital.
4. North American Niobium and Critical Minerals (TSXV:NIOB)
Weekly gain: 68.18 percentMarket cap: C$12.23 millionShare price: C$0.74North American Niobium and Critical Minerals is an exploration company working to advance niobium and rare earths in Québec, Canada.Its properties consist of Seigneurie, a niobium and rare earths project; Blanchette, a rare earths and nickel-copper project; and Bardy, a rare earths project.North American Niobium is focused on advancing its assets to contribute to building a domestic critical mineral supply chain to support defense, industrial and technology sectors in Canada and the US.On April 2, the company reported that it was launching its maiden drill program at Seigneurie one week after receiving final permits. The diamond drill program is designed to test the pegmatite system for niobium and rare earth mineralization potential.Then, on April 9, North American Niobium announced that it had also received diamond drill permits for Bardy and Blanchette, allowing it to conduct exploration programs at all three of its main properties.The most recent news came on Thursday when the company reported it hired an advisory firm to build on its engagement with local Indigenous stakeholders. CEO Murray Nye said the company recognizes the importance of respecting the territory and maintaining dialogue, and it intends to strengthen communication and the engagement process.
5. Pacific Booker Minerals (TSXV:BKM)
Weekly gain: 66.67 percentMarket cap: C$36.32 millionShare price: C$2.25Pacific Booker Minerals is an exploration and development company focused on its Morrison property, located in Central British Columbia, Canada. The site is in the advanced stages of development and hosts copper, gold and molybdenum mineralization. The company has been working on development plans since 2004, and completed a feasibility study in 2009. However, work hasn’t been able to proceed as it needs approval from the nearby Lake Babine Nation.In May 2024, Pacific Booker announced it would be seeking legal recourse after communications between itself and Lake Babine Nation broke down, but has not released an update on its legal troubles since.However, on Tuesday, American Eagle Gold (TSXV:AE,OTCQB:AMEGF) made an unsolicited offer to acquire Pacific Booker Minerals.American Eagle offered shareholders C$1.76 per share, a 31 percent premium over the April 13 closing price, for a total equity value of C$31 million. Notably, Chief Wilf Adam of Lake Babine Nation stated that the Nation supports the acquisition and welcomes the opportunity to reset discussions about Morrison with American Eagle.If the deal receives approval, American Eagle says it would combine the Morrison project with its nearby NAK copper-gold project to create a regional development platform.American Eagle is backed by a strategic investment group that includes Canadian mining giant Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Eric Sprott.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many mining companies are listed on the TSX and TSXV?
As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
How much does it cost to list on the TSXV?
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
How do you trade on the TSXV?
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
This post was originally published here
