Which junior copper stocks have gained the most on the TSXV so far this year? Kincora Copper is in the lead.
Click here to read the previous best junior copper stocks article.
It’s been a volatile year for copper so far, as uncertainty continues to hit the markets on the back of the global COVID-19 pandemic and its impact on the economy.
Copper started the year trading for US$6,165 per tonne, hitting its quarterly peak on January 16, when it was changing hands at US$6,300. But as the coronavirus outbreak spread, the red metal started plummeting, with its lowest point reached on March 26 at US$4,617.50.
However, a rebound in prices was in the cards in Q2, with some TSXV-listed copper companies also making gains. Read on to see which junior copper stocks have increased the most so far in 2020.
This best junior copper stocks list was generated on July 8, 2020, using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million are included.
1. Kincora Copper (TSXV:KCC)
Year-to-date gain: 240 percent; current share price: C$0.17
Kincora Copper is an active explorer and project generator focused on world-class copper-gold discoveries. The company is aiming to make a major discoveries in Mongolia, the Lachlan Fold Belt in Australia and other prospective complementary jurisdictions.
2. Quaterra Resources (TSXV:QTA)
Year-to-date gain: 84.62 percent; current share price: C$0.12
A mining exploration and development company, Quaterra Resources has a primary focus on advancing its copper assets in Yerington, Nevada. Its Yerington assets include the MacArthur, Yerington and Bear deposits, and the company, which is one of this year’s top junior copper stocks, also holds a 90 percent interest in the Groundhog copper prospect in Alaska.
On January 9, the company announced the results of a 2019 geophysical and geologic exploration program conducted at Groundhog. In May, Gerald Prosalendis, president and CEO, gave an update to shareholders, touching on uncertainty about how COVID-19 could impact Quaterra.
3. Oroco Resource (TSXV:OCO)
Year-to-date gain: 62.22 percent; current share price: C$0.73
Founded in 2006, Oroco Resource is a Canadian exploration company with two significant assets to its name: the Xochipala gold project and the Santo Tomás porphyry copper project, both of which are in Mexico. Its focus is on the mineral concessions that make up Santo Tomás.
In March, the company closed the total acquisition of Altamura Copper, giving Oroco outright control of the Santo Tomás project. In June, the company announced it will start trading on the OTCQB market and closed a private placement for $1.65 million.
4. Adventus Mining (TSXV:ADZN)
Year-to-date gain: 55.43 percent; current share price: C$1.43
Adventus Mining, another of the top junior copper stocks, is focused on copper-gold exploration and development in Ecuador. Adventus also owns a portfolio of exploration projects and equity investments in Ireland and Canada that are funded by commercial partners.
In March, as a result of coronavirus containment measures in Ecuador, Adventus, together with its partner Salazar Resources (TSXV:SRL), announced the temporary suspension of site activities at the Curipamba, Pijili and Santiago projects. In June, exploration activities restarted, with a feasibility study also on its way at Curipamba-El Domo.
5. Kaizen Discovery (TSXV:KZD)
Year-to-date gain: 37.50 percent; current share price: C$0.05
Kaizen Discovery is a base and precious metals explorer focused on South America. It’s majority held by HPX TechCo, which is a privately owned company led by Robert Friedland. Along with three projects up for purchase or joint venture, Kaizen has the Pinaya copper-gold project in Peru as its core focus.
In March, the company provided an update on its exploration activities, saying it was closely monitoring the impact of the coronavirus and was prepared for the potential short-term impacts on its exploration projects in Peru and Canada. In July, the company released the results of a 2020 drilling program that focused on three priority areas: Pedro Dos Mil, Cerro Antaña and Viscachani.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.