Best Junior Copper Stocks of Q1 2017 on the TSXV

These five junior copper stocks have gained the most on the TSXV this year.

junior copper stocks

cThe copper price rose in the first three months of 2017, though it increased at a slower pace than it did in the last few months of 2016.

Many factors drove the red metal’s price, but supply concerns and instability caused by US President Donald Trump were key. Many copper-focused investors are keenly watching for news on Trump’s promised infrastructure spending plan, as it could push the copper price even higher.

Some junior copper stocks are also faring well this year. In fact, the best-performing TSXV-listed copper stock year-to-date has gained over 180 percent.

The list below was generated using The Globe and Mail’s market data filter, and it shows the five TSXV-listed copper companies that have seen the biggest share price increases from January 1 to April 12. Only companies with market caps above $10 million are included.

Click here to check out the top-performing TSX-listed copper companies in Q1.

American CuMo Mining (TSXV:MLY)

Current price: $0.37; year-to-date gain: 184.62 percent

American CuMo Mining’s CuMo project in Idaho is one of the largest deposits of molybdenum, copper and silver in North America. The company is advancing CuMo towards feasibility, and plans to move forward at its newly acquired Calida gold project as well. 

During the first quarter of the year, American CuMo completed a detailed ore-sorting analysis, noting that the results confirm substantial grade improvements at CuMo. In Q1, the company also purchased additional mining claims for CuMo, completed further ore-sorting analysis and entered into a strategic financial relationship with Millennia Minerals.

Sama Resources (TSXV:SME)

Current price: $0.18; year-to-date gain: 125 percent

Sama Resources is a growth-oriented resource company focused on its Samapleu nickel-copper project in Côte d’Ivoire. Sama’s projects are located adjacent to two large nickel-cobalt laterite deposits called Sipilou and Foungouesso, which form a 125-kilometer base metals camp in West Africa.

In January, Sama Resources completed a downhole geophysical survey to follow up on shallow high-grade nickel-copper-palladium intercepts. The company also recently announced a $2.6-million private placement.

Abacus Mining (TSXV:AME)

Current price: $0.09; year-to-date gain: 125 percent

Abacus Mining is an exploration and development company with a 20-percent interest in the Ajax project in BC. The Ajax project is a proposed copper-gold open-pit mine that is currently in the submission stage of the provincial and federal environmental assessment process.

At the beginning of the year, Abacus released an updated feasibility study for Ajax. During Q1 the company also signed an option agreement with Almadex Minerals (TSXV:AMZ), closed a $1.02-million private placement and started a field program at the Willow copper-gold property in Nevada.

Midnight Sun Mining (TSXV:MMA)

Current price: $0.38; year-to-date gain: 113.89 percent

Midnight Sun Mining is an Africa-focused mineral exploration company. It has a definitive agreement to option a 60-percent interest in the Solwezi licences in Zambia.

In January, the company discovered “ore shale”-type copper-cobalt-nickel-gold mineralization at the Solwezi licenses, and in February it announced plans to conduct a geophysical survey in the area in order to map the strike and depth extents of the host rock.

Tintina Resources (TSXV:TAU)

Current price: $0.12; year-to-date gain: 100 percent

Tintina Resources is focused on the development of its Black Butte copper project in Montana. The project has a measured and indicated resource of 1.176 billion pounds of copper at an average grade of 3.4 percent, and an inferred resource of 140 million pounds of copper at an average grade of 2.8 percent.

The company is facing some challenges at Black Butte — most recently, the Montana Department of Environmental Quality sent Tintina back to the drawing board after saying its permit application needs improvement. Opposition to the mine has been strong amongst conservation groups as well. The company has not released any news this year.

Don’t forget to follow @INN_Copper for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: American CuMo is a client of the Investing News Network. This article is not paid-for content.


This article is updated each quarter. Please scroll the top for the most recent information.

Best Copper Stocks 2016: The TSXV’s Top Performers

By Priscila Barrera, November 30, 2016.

In 2016 the surge in copper prices surprised experts since the red metal performed much better than expected, supported by Chinese demand and US President-elect Trump’s proposed infrastructure investments.

The best copper stocks in 2016 outperformed last year’s best copper stocks with some reaching over 800 percent year-to-date gains. Here is a list of the S&P/TSX Composite index (INDEXTSI:OSPTX)’s best copper stocks in 2016. The data for 2015 can be found at the bottom of this article.

The list below was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million.

1. Senator Minerals (TSXV:SNR)

Current price: $0.61; year-to-date gain: 838.46 percent.

This junior exploration company holds interests in the IC Bentonite property in Nevada. Senator’s 4,560 acre Taurus property hosts a copper-molybdenum-gold porphyry deposit situated in Alaska, 10 miles west of the Yukon/Alaska border.

2. Rockcliff Copper (TSXV:RCU)

Current price: $0.10; year-to-date gain: 425 percent.

Rockcliff Copper’s primary business is to explore for and develop base and precious metals deposits on its Snow Lake Project in Manitoba, Canada. The Company is committed to resource growth and discovery from three high grade metals: copper, zinc and gold.

Rockcliff Copper recently announced the purchase of the Morgan property that hosts the historical gold rich Morgan zinc deposit.

3. Cascadero Copper (TSXV:CCD)

Current price: $0.11; year-to-date gain: 340 percent.

Next on the list is Cascadero Copper. This company is engaged in the business of acquiring, exploring and developing mineral properties located primarily in Canada and Argentina. In British Columbia, Cascadero holds a 49% interest in the Toodoggone Project, prospective for copper-gold bulk mineable porphyry deposits.

The company recently reported that in mid-January 2017, they intend to initiate a 2,175 metre drill program on Taron, its core polymetallic cesium property.

4. Foran Mining (TSXV:FOM)

Current price: $0.31; year-to-date gain: 313.33 percent.

Foran Mining, a Vancouver based company, is engaged in the acquisition, exploration and development of mineral properties.The Company is focused on copper-zinc in the Hanson Lake VMS Camp in east-central Saskatchewan.

In late 2014, Foran released a positive Preliminary Economic Assessment for the McIlvenna Bay deposit, Foran’s first deposit in the Hanson Lake Camp.

5. Falco Resources (TSXV:FPC)

Current price: $0.86; year-to-date gain: 224.53 percent.

Last in the best copper stocks this year is Falco Resources, an exploration-stage company, focused on the exploration and evaluation of its mineral properties in the Rouyn-Noranda district in the Province of Quebec.

Falco’s principal property is the Horne 5 Project located in the former Horne Mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper.

It is also worthy to highlight Atico Mining (TSXV:ATY), which gained 192 percent year to date. The company recently reported positive operating results as well as the restructuring of its senior secured debt facility with Trafigura Pte. Ltd. Atico recently discovered a massive sulfide outcrop at its El Roble project in Colombia.

Don’t forget to follow @INN_Copper for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Falco Resources and Atico Mining are clients of the Investing News Network. This article is not paid for content.


This is article is updated each quarter. Please scroll to the top for the most recent information.

Best Copper Stocks 2015: The TSXV’s Top Performers

By Teresa Matich, November 19, 2015

It’s no secret that copper prices have not fared well in 2015. Prices for the red metal have fallen roughly 28 percent so far this year, dropping over 10 percent in the past month alone, and spot copper is currently sitting at about $2.11 per pound. 

That said, some copper miners have been weathering the storm, while a number of earlier-stage companies have seen share price gains for the year. With that in mind, the Investing News Network has put together a list of the top TSXV-listed copper stocks year-to-date. The list below was compiled using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million.

1. Arena Minerals (TSXV:AN)

Current price: $0.215; year-to-date gain: 115 percent; 52-week high: $0.28.

Arena is a prospect generator with a number of copper properties in Chile, the world’s top copper producer. Despite falling copper prices, Arena has risen roughly 30 percent over the past three months after beginning drilling at its Atacama copper project. In July, Arena entered into a US$16-million option agreement with Japan Oil, Gas and Metals National for Atacama.

2. Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2)

Current price: $0.08; year-to-date gain: 77 percent; 52-week high: $0.14.

Quaterra is advancing a number of copper deposits in Yerington, Nevada with the help of funding from its joint venture partner, Freeport-McMoRan Nevada. This past June, Freeport committed to US$7.1 million in option payments, and the company began using the funds for drilling at the Bear deposit in Yerington. Highlights from the first hole drilled include an interval of 352 meters of 0.42 percent copper.

3. Euromax Resources (TSXV:EOX)

Current price: $0.35; year-to-date gain: 66.67 percent; 52-week high: $0.57.

Euromax is focused on developing its Ilovica copper-gold project in Macedonia. A prefeasibility study was completed for the project in December 2014, and an environmental impact statement has been approved.

In October 2014, Euromax entered into a US$175-million gold streaming agreement with a subsidiary of Royal Gold (TSX:RGL) to fund development and construction of Ilovica. In May, the company announced plans for an additional US$215-million project facility pending approval for support from the German Untied Loan Guarantee Scheme (UFK — Garantien für Ungebundene Finanzkredite).

4. Abacus Mining and Exploration (TSXV:AME)

Current price: $0.06; year-to-date gain: 50 percent; 52-week high: $0.09.

Abacus holds the Ajax copper-gold project in British Columbia, which is being funded and developed in large part by its joint venture partner, KGHM Polska Miedz (WSE:KGH). Abacus announced the submission of an environmental impact assessment for Ajax in September, and the company has stated that it is now focused on securing the final permits needed to operate and construct the mine.

5. Reservoir Minerals (TSXV:RMC)

Current price: $4.25; year-to-date gain: 7.32 percent; 52-week high: $5.09.

Being up just under 8 percent for the year, Reservoir is a long way off from the other copper stocks on this list in terms of percentage gains. However, it also has the highest share price on the list by far, and has made some significant progress this year. In March, Reservoir executed a joint venture and shareholder agreement with Freeport-McMoRan Exploration for its Timok project in Serbia, with the board of directors of a joint venture company for the project approving a US$18.7-million 2015 budget.

Reservoir also released some exciting drill results from its Cukaru Peki deposit in Serbia and entered into an earn-in joint venture agreement with Rio Tinto Mining and Exploration for its exploration permits in the Timok Magmatic complex.

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Quaterra Resources is a client of the Investing News Network. This article is not paid-for content.

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Comments
  • Thanks for the report on the outlook for copper. The sun will rise tomorrow as it has always done. Industry and infrastructure are in place and adjusting for the future ,which is on it’s way. The world economy seems to be in balancing mode right now . Opportunities and development is continuing and progress will proceed. The future looks good.

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