Which junior copper stocks have gained the most on the TSXV so far this year? Nine months into 2021, CopAur Minerals takes the lead.
Click here to read the previous best junior copper stocks article.
Copper has had an eventful 2021, rallying to a 10 year high before reaching its best price ever and bringing junior copper stocks along for the ride.
The red metal hit an all-time high on May 10, 2021, topping out at US$4.90 per pound before falling back to close at US$4.76. Signs of economic recovery and supercharged interest in electric vehicles and renewable energy have pushed the price of copper higher and higher.
So far this year, some TSXV-listed copper companies have also made impressive gains. Read on to see which junior copper stocks have increased the most so far in 2021.
This top junior copper stocks list was generated on September 23, 2021, using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million at that time are included.
1. CopAur Minerals (TSXV:CPAU)
Year-to-date gain: 679.31 percent; current share price: C$1.13
Copper and gold exploration company CopAur Minerals is advancing its William project, located halfway between the Red Chris and Kemess North mines in the emerging Toodoggone district of the Golden Horseshoe region in BC. Williams is home to the T-Bill gold prospect and GIC porphyry prospect, and the company’s advisory board includes members of explorer Benchmark Metals (TSXV:BNCH,OTCQX:BNCHF).
CopAur began a 5,000 meter drill campaign in June that is focused on two targets. One is prospective for mesothermal-style gold and the other for copper-gold porphyry.
Year-to-date gain: 559.09 percent; current share price: C$1.45
Emerita Resources is focused on acquiring, exploring and developing mineral properties in Europe, and has centered its efforts on exploring in Spain. It wholly owns the Iberia Belt West project in the country, which houses three high-grade polymetallic deposits, and is working on acquiring the Aznalcollar project.
A work program at Iberia Belt West was approved in May, and the company released drill results over the summer. Most recently, on September 8, Emerita announced the intersection of high grades in five drill holes at the Infanta polymetallic volcanogenic massive sulfide deposit at Iberia Belt West.
3. Filo Mining (TSXV:FIL)
Year-to-date gain: 358.03 percent; current share price: C$8.84
A member of Lundin Group, Filo Mining is focused on advancing its 100 percent owned Filo del Sol copper-gold-silver deposit located in Chile’s Region III and Argentina’s adjacent San Juan province.
Drilling recently resumed at Filo del Sol after a short break to prepare for winter operations. The company currently has three drills running, with another four expected to be added in the fourth quarter. Initial holes at the asset will focus on a high-grade zone intersected in hole FSDH041. In mid-September, junior copper stock Filo Mining secured conditional approval to list on the TSX.
4. Foran Mining (TSXV:FOM)
Year-to-date gain: 267.24 percent; current share price: C$2.13
Copper-zinc development company Foran Mining’s flagship property, McIlvena Bay, is the largest undeveloped volcanogenic massive sulfide deposit along the Saskatchewan’s Flin Flon greenstone belt. Foran is committed to making the project the world’s first carbon-neutral copper development project.
A resource estimate for McIlvena Bay is pending, and in mid-September, Foran shared the final results from a recently conducted infill and step-out program. During the summer, the company completed a strategic C$100 million private placement with Fairfax Financing Holdings.
5. Constantine Metal Resources (TSXV:CEM)
Year-to-date gain: 108.82 percent; current share price: C$0.36
The final entry on this list of junior copper stocks is Constantine Metal Resources, which is advancing at the Palmer copper-zinc-silver-gold-barite property. The asset is a joint venture between the company and Dowa Metals & Mining (49.96 percent), with Constantine as operator.
A positive 2019 preliminary economic assessment for Palmer shows a US$266 million after-tax net present value at a 7 percent discount and a 21 percent post-tax internal rate of return for a 3,500 tonne per day operation with a mine life of 11 years. This past March, Constantine announced a US$8.8 million work program for 2021 with plans for 6,000 meters of drilling.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Constantine Metal Resources and Emerita Resources are clients of the Investing News Network. This article is not paid-for content.