Gold Investing
Top 5 Junior Gold Mining Stocks on the TSXV in 2025
Apr. 01, 2025 01:45PM PST
Which TSXV-listed gold juniors have performed the best so far this year? This top Canadian gold stocks list includes the five biggest gainers.
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Gold has experienced a significant rise during the first quarter of 2025, setting several new records. The most recent of these occurred on April 1 when it soared to US$3,146.
The gains arise as investors seek the precious metal's safe-haven status amid the chaos created by the US Trump administration’s threats of reciprocal tariffs, which are set to begin on April 2.
While equity markets have been volatile, precious metals have mostly benefited from the global economic uncertainty. The price of gold has risen by more than 15 percent since the start of 2025, and it's up by 40 percent year-over-year.
However, this trend has only recently begun to impact gold stocks. Gold miners are starting to see the gold price outpace inflationary pressures from recent years, enhancing their margins.
What does this mean for junior gold companies? Although there was some delay in translating higher prices into share price increases, the five companies listed below have experienced substantial gains in 2025.
Data for this article was retrieved on March 24, 2025, using TradingView's stock screener, and only companies with market capitalizations greater than C$10 million are included.
1. Eros Resources (TSXV:ROCK)
Year-to-date gain: 300 percent
Market cap: C$13.93 million
Share price: C$0.06
Eros Resources is a gold and copper exploration company focused on projects in Saskatchewan, Canada. Following a merger in early 2025, the company's portfolio includes four gold projects in the La Ronge gold belt and the Knife Lake copper project.
Until 2024, Eros was working to advance its Bell Mountain project in Nevada, US. On January 6, the company announced it had sold the property to Lincoln Gold Mining (TSXV:LMG) in exchange for up to 4.5 million common shares and a net profits interest of 7.5 percent of net returns from gold and silver produced at the project to a maximum of US$2 million.
The same day, Eros announced that shareholders approved a three-way merger between Eros Resources, MAS Gold and Rockridge Resources, uniting the latter companies' Saskatchewan projects into one portfolio.
Eros's most recent announcement came on March 21, when it revealed a non-brokered private placement of financing for up to 36 million shares, which would result in gross proceeds of C$1.8 million. Eros stated that it intends to use the funding for working capital and exploration at its gold and copper projects.
Shares in Eros reached a year-to-date high of C$0.07 on January 29.
2. Goldgroup Mining (TSXV:GGA)
Year-to-date gain: 245.45 percent
Market cap: C$87.34 million
Share price: C$0.57
Goldgroup Mining is a gold production, development and exploration company working to advance its Cerro Prieto heap-leach gold mine. The 4,335 hectare property, located in Sonora, Mexico, produces an annual average of 11,500 ounces of gold and has produced more than 120,000 ounces since its beginning in March 2013.
Goldgroup is currently working to double the capacity of the mine to more than 25,000 ounces per year. The last update on progress came in October 2024, when it announced that it had installed the primary crusher with a 2,200 metric ton per day throughput, and expanded pumping and irrigation capacity.
The most recent update on Cerro Prieto came on March 26, when Goldgroup announced high-impact exploration near the mine. The program will include 6,000 meters of diamond drilling focused on the Nuevo Esperanza and Reyna zones, which are next to the main Esperanza production zone.
The company also announced plans for an induced polarization geophysical survey and surface trenching 1 kilometer south of the mine to further investigate newly discovered mineralized zones.
In addition to activities at Cerro Prieto, the company announced on March 7 that it had entered an agreement to acquire Minera Apolo and its Pinos gold project from Candeleria Mining in exchange for settling a US$2.7 million loan facility. Goldgroup previously secured rights to the facility with Candeleria from a creditor group in a maneuver to acquire the project.
Pinos is a fully permitted gold project situated in the Zacatecas mining belt of Northern Mexico and comprises 29 concessions over 3,816 hectares. A 2018 PEA revealed an after-tax net present value of US$12 million, with a 25 percent internal rate of return at a gold price of US$1,250 per ounce.
Shares in Goldgroup reached a year-to-date high of C$0.71 on March 27.
3. San Lorenzo Gold Group (TSXV:SLG)
Year-to-date gain: 235.29 percent
Market cap: C$20.05 million
Share price: C$0.285
San Lorenzo Gold is an exploration company working to advance its Salvadora project in the Chañaral province of Chile.
The property consists of 25 exploration and nine exploitation concessions covering an area of 8,796 hectares. It hosts a large copper and gold porphyry system with several significant targets. According to the project page, the site geology resembles that of the nearby Codelco-owned Salvador copper mine, which has operated since the early 1950s and is expected to continue until the mid-2060s following an expansion.
After ending February at C$0.07, San Lorenzo's share price jumped by nearly 300 percent when the company announced a significant discovery hole on March 3 in one of the first of three holes drilled at Salvadora’s Cerro Blanco gold-copper target.
The discovery hole at Cerro Blanco demonstrated broad mineralization, with average grades of 1.04 grams per metric ton (g/t) gold over 153 meters, including an intersection with 12.78 g/t gold over 3.8 meters.
The release also included partial results from three holes drilled at its Arco de Oro gold target, with a highlighted result of 5.61 g/t gold over 6.6 meters, including an intersection of 11.14 g/t gold over 2.3 meters.
San Lorenzo followed up on March 17 with results from the second and third hole at Cerro Blanco, with one bearing another broad interval grading of 1.02 g/t gold over 85.7 meters, including an intersection of 8.14 g/t over 4 meters. The company expressed satisfaction that the three widely spaced holes all yielded significant grades. It also noted that mineralization remains open at depth and in all directions.
San Lorenzo's share price continued to climb through the first half of March to reach a year-to-date high of C$0.44 on March 19.
4. Blue Star Gold (TSXV:BAU)
Year-to-date gain: 160 percent
Market cap: C$12.45 million
Share price: C$0.13
Blue Star Gold is a gold exploration and development company operating in Nunavut, Canada.
Its flagship asset is the Ulu gold project, which includes the Ulu mining lease and the Hood River property, together forming a 12,000 hectare land package. The property features a renewable 21 year mining lease for the advanced-stage Flood Zone deposit.
As per a February 2023 updated mineral resource estimate (MRE), Ulu holds a measured and indicated resource of 572,000 ounces of gold from 2.54 million metric tons of ore at an average grade of 7.02 g/t gold, along with an additional inferred resource of 303,000 ounces of gold from 1.28 million metric tons of ore at 7.34 g/t.
Blue Star also owns the Roma gold project, located on 11,532 hectares of crown mineral claims and 4,119 hectares of mineral exploration agreements in Nunavut's High Lake greenstone belt.
On January 20, the company reported it identified significant new target with over 400 meters of strike at its Auma prospect, which is located between its two main projects. Grab samples along the strike included high-grade gold, with some bearing visible gold. The new program has enabled the company to identify several drill-ready targets.
Following this, on February 19, the company announced progress at the Central prospect at Ulu, identifying three zones extending over a 525-meter strike length, which suggests abundant potential for discovery. The company stated that the area is highly promising, and the recent advancements indicate it may be approaching a significant new resource.
Additionally, Blue Star announced on March 18 that it would target a mineralized trend at the Axis prospect, located 300 meters from the Flood Zone deposit. Historic exploration has revealed surface grades of up to 35.22 g/t gold.
Shares in Blue Star reached a year-to-date high of C$0.13 on March 24.
5. Lahontan Gold (TSXV:LG)
Year-to-date gain: 120 percent
Market cap: C$11.67 million
Share price: C$0.055
Lahontan Gold is a development and exploration company dedicated to advancing a portfolio of properties in Nevada, United States.
Its primary focus is on its flagship Santa Fe gold-silver project in Walker Lane. The property consists of 291 unpatented lode mining claims, 67 unpatented mill site claims, and 24 patented lode mining claims, covering a land package of 26.4 square kilometers.
On January 24, the company released a PEA for the project that demonstrated an after-tax net present value of US$56.5 million with an internal rate of return of 17.4 percent over a payback period of 4.24 years based on a gold price of US$2,025 per ounce.
The included MRE for the site reports an indicated resource of 1.44 million ounces of gold and 11.2 million ounces of silver from 48.39 million metric tons of ore at an average grade of 0.92 g/t gold and 7.18 g/t silver. It also hosts an inferred resource of 401,000 ounces of gold and 1.75 million ounces of silver from 16.76 million metric tons at a grade of 0.74 g/t gold and 3.25 g/t silver.
The most recent news from Lahontan was on March 18, when it provided an update on its Exploration Plan of Operation submitted to the Bureau of Land Management in November 2024. In the release, the company stated it expects the Bureau to approve the plan, allowing permitting to proceed to the National Environmental Policy Act phase. According to Lahontan, final approval is on track for late 2025.
Shares in Lahontan reached a year-to-date high of C$0.06 on March 18.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Lahontan Gold is a client of the Investing News Network. This article is not paid-for content.
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