Which junior copper stocks have gained the most on the TSXV so far this year? Nine months into 2021, CopAur Minerals takes the lead.
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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, 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 October 29, 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: 644.83 percent; current share price: C$1.08
Copper and gold exploration company CopAur Minerals is advancing its Williams 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. As of October, significant results include the highest-grade rock grab sample collected to date, which assayed up to 79.7 grams per tonne gold; it was found within an untested zone that has been confirmed to extend over an approximate 1,100 meter strike length southeast of historic and 2021 confirmation drilling.
2. Meridian Mining (TSXV:MNO)
Year-to-date gain: 357.14 percent; current share price: C$0.96
Next on this list of junior copper stocks is Meridian Mining, which aspires to become a mid-tier copper-gold developer and producer in Brazil. Its flagship project is Cabaçal, an advanced-stage, district-scale volcanogenic massive sulfide copper-gold asset located in the state of Mato Grosso.
Recent results from the company’s ongoing drill program at Cabaçal highlight the interception of a new gold trend over 4.2 meters with visible gold and assays of up to 22.9 grams per tonne gold.
3. NGEX Minerals (TSXV:NGEX)
Year-to-date gain: 113.46 percent; current share price: C$1.11
A member of the Lundin Group, explorer NGEX Minerals is a project generator and incubator with properties in Chile and Argentina. These include the large-scale Los Helados copper-gold deposit in Chile's Region III, as well as other early stage projects such as the Valle Ancho project in Argentina.
NGEX announced in October that a field program is underway at Valle Ancho, beginning with geophysical surveys. Upon receipt of environmental permits, the program will also feature a 3,000 to 4,000 meter diamond drill program on several high-potential gold and copper-gold targets identified in 2020.
4. Kutcho Copper (TSXV:KC)
Year-to-date gain: 107.32 percent; current share price: C$0.85
"This study will represent the culmination of a multiyear effort to rethink, redesign and optimize the Kutcho Project to maximize the economic returns while respecting and protecting the environment in which the project would be developed," said President and CEO Vince Sorace.
"We look forward to the next steps in showcasing the benefits of this high-grade project to our stakeholders in consultation with the Tahltan and Kaska First Nations and advancing the Kutcho project through permitting and a production decision."
Year-to-date gain: 94.12 percent; current share price: C$0.33
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. In October, Constantine added the Hornet Creek copper-gold project in Idaho to its portfolio.
A 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. Recent results from Constantine’s 2021 work program at Palmer include intersects of 7.08 percent zinc, 2.1 percent copper, 40.57 grams per tonne silver and 0.42 grams per tonne gold over 6.9 meters.
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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 is a client of the Investing News Network. This article is not paid-for content.