Base Metals


Which junior copper stocks have gained the most on the TSXV so far this year? Surge Copper is in the lead.

Click here to read the latest best junior copper stocks article.

After a tough first six months of the year, the third quarter saw copper prices rebound from March lows. 

Copper started the year trading for US$6,165 per tonne, but plummeted to its lowest point in 2020 on March 26, hitting US$4,617.50 as the COVID-19 pandemic hit the world. The third quarter saw prices rebound, hitting a high of US$6,937 on September 21.

In Q3, some TSXV-listed companies focused on the red metal also made gains. Read on to see which junior copper stocks increased the most so far in 2020.

This list was generated on October 19, 2020, using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million at that time are included.

1. Surge Copper (TSXV:SURG)

Year-to-date gain: 800 percent; current share price: C$0.40

Surge Copper owns a 100 percent interest in the Ootsa property, an advanced-stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open-pit Huckleberry copper mine. The asset contains NI 43-101 compliant resources of 224 million tonnes in the measured and indicated categories with contained metal of 1.1 billion pounds of copper, 1 million ounces of gold and 20 million ounces of silver.

After closing a private placement earlier this year, the company announced in June the start of exploration at its Ootsa property in British Columbia. In September, Surge identified a large and previously unidentified geophysical anomaly on the east side of the Seel trend.

2. Condor Resources (TSXV:CN)

Year-to-date gain: 466.67 percent; current share price: C$0.25

Condor Resources is an active explorer focused exclusively on Peru; it is also a project generator and royalty company with the goal of discovering a major new precious metals or base metals deposit in Peru. The company has nearly a dozen assets in the country.

Although it did not release any news in the first quarter of 2020, Condor Resources closed a $990,000 private placement in June. The company kicked off the second quarter with updates related to COVID-19, as the government of Peru lifted restrictions. Another update was released in September with details for each project located in different regions of the country.

3. Kodiak Copper (TSXV:KDK)

Year-to-date gain: 392.63 percent; current share price: C$2.34

Junior copper stock Kodiak Copper is focused on its 100 percent owned copper porphyry projects in Canada and the US. The company’s most advanced asset is the MPD copper-gold porphyry project in South-Central British Columbia. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, plus the advanced-stage Kahuna diamond project in Nunavut.

After changing its name from Dunnedin Ventures in Q1 of this year, Kodiak Copper started drilling at MPD in July, providing an update in September. In August, Kodiak signed a definitive agreement through which Brixton Metals (TSXV:BBB,OTCQB:BBBXF) will Kodiak’s Trapper project.

4. Pan Global Resources (TSXV:PGZ)

Year-to-date gain: 285.19 percent; current share price: C$0.52

Pan Global Resources is actively engaged in base and precious metals exploration in Spain, and is pursuing opportunities from exploration through to mine development. Pan Global has interests in the Aguilas and the Escacena projects.

It’s been a busy year for the Vancouver-based company, which started with follow-up drilling at the La Romana copper target at the Escacena project in February, with updates released in March. The same month, Pan Global decided to add two more drill holes to its step-out drill program and reported on its response to the COVID-19 pandemic.

Q2 saw the company release drilling results, extend copper mineralization and launch financing efforts. During Q3, drilling continued at Escacena, with the most recent results published in September.

5. Bell Copper (TSXV:BCU)

Year-to-date gain: 200 percent; current share price: C$0.19

Bell Copper is focused on the identification, exploration and discovery of large copper deposits located in Arizona. The company holds the Perseverance and Big Sandy projects.

At the start of the year, the company reported that a geophysical survey was underway at Perseverance. During the second quarter, the company closed a private placement. In July, Bell Copper acquired through staking the Big Sandy project, which is approximately 30 kilometers from the company’s Perseverance asset. In August, Bell Copper received the first analytical results from surface samples collected at Big Sandy.

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

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



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