The Conversation (0)
Which junior copper stocks have gained the most on the TSXV so far this year? Senator Minerals is in the lead with an increase of over 800 percent.
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.
