Best Junior Copper Stocks of 2020 on the TSXV

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It’s been a tough year for copper so far as uncertainty continues to hit the market on the back of the COVID-19 pandemic and its impact on the economy. 

Copper started the year trading for US$6,165 per tonne, reaching its quarterly peak on January 16, when it was selling for US$6,300. But as the coronavirus outbreak spread, copper started plummeting, with its lowest point reached on March 26 at US$4,617.50.

Even though copper has been under pressure since the start of the year, some TSXV-listed companies focused on the red metal have been able to make and hold onto gains. Read on to see which junior copper stocks have seen their share prices increase the most so far in 2020.

This list was generated on April 9, 2020, using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million at that time are included.

1. Sandfire Resources America (TSXV:SFR)

Year-to-date gain: 31.58 percent; current share price: C$0.25

Sandfire Resources America is developing the Black Butte underground copper mine in Montana. The Black Butte mine was expected to begin mining operations this year, but the uncertainty brought by the coronavirus outbreak could change that — this is something the company can’t predict at this time.

The latest news from Sandfire Resources America came on April 9, when it received a positive record of decision for Black Butte. It will allow development and underground mining of the Johnny Lee deposit at Black Butte to proceed. The company is still working on a feasibility study and project financing.

Australia’s Sandfire Resources (ASX:SFR) owns an 85 percent stake in Sandfire Resources America.

2. Kaizen Discovery (TSXV:KZD)

Year-to-date gain: 25 percent; current share price: C$0.05

Kaizen Discovery is a base and precious metals explorer focused on South America. It’s majority owned by HPX TechCo, which is a private company led by Robert Friedland. Along with three projects up for purchase or joint venture, Kaizen has the Pinaya copper-gold project in Peru, which is its core focus.

Even though a drill program has been completed at Pinaya, due to restrictions on international and domestic travel in Peru, analysis of the drill core and receipt of the full assay results will be delayed for an undetermined amount of time. Kaizen will report the results from exploration drilling as soon as it possibly can, the company said on March 23.

3. Pacific Booker Minerals (TSXV:BKM)

Year-to-date gain: 2.86 percent; current share price: C$1.80

Pacific Booker Minerals’ flagship project is the Morrison copper-gold asset, which is currently in the advanced development stage following the completion of a feasibility study.

The company hasn’t released any significant news this year, but has seen its share price experience volatility during the period. It has suggested that the movement could be attributed to a question asked by Dr. Andrew Weaver, an MLA, during question period in the Legislative Assembly of BC.

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