Top 5 Canadian Mining Stocks This Week: Tincorp Metals Pops 128 Percent

Markets and commodities react

Canadian equity markets were positive this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.43 percent over the week to close Friday at 34,346.29, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 4.94 percent to 1,054.91.

The CSE Composite Index (CSE:CSECOMP) gained 4.39 percent to 176.05.

The gold price gained 1.8 percent to close at US$4,847.86 per ounce on Friday at 4:00 p.m. EDT, and the silver price fared even better, closing the week up 7.22 percent at US$81.16 on Friday.

In base metals, the Comex copper price recorded a 5.75 percent increase this week to US$6.09.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was down 4.26 percent to end Friday at 679.11.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Tincorp Metals (TSXV:TIN)

Weekly gain: 128 percent
Market cap: C$85.38 million
Share price: C$1.14

Explorer Tincorp Metals is focused on its newly acquired gold-copper project in Ecuador.

On February 25, Tincorp entered into a definitive agreement with Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM), its largest shareholder, to acquire the Santa Barbara gold-copper project in Southeast Ecuador.

Then, on April 9, the company filed a technical report for its updated resource estimate for the project. Santa Barbara hosts an indicated resource of 697,000 ounces of gold and 68.2 million pounds of copper from 29.8 million metric tons of ore with grades of 0.73 grams per metric ton (g/t) gold and 0.1 percent copper.

Its inferred resource came in at 3.42 million ounces of gold and 425.87 million pounds of copper from 205.7 million metric tons with grades of 0.52 g/t gold and 0.09 percent copper.

Tincorp’s next steps include conducting a 10,000 meter drill program at Santa Barbara aimed at confirming previous results, upgrading the resource estimate and understanding the project’s mineralization controls and metallurgy.

The company also owns two tin projects in Bolivia.

Its SF tin project covers a 2 square kilometer area in the Potosí Department of West-Central Bolivia. The site hosts a historical open-pit mine and was previously explored by Rio Tinto in the 1990s. The company’s Porvenir project is an 11.25 square kilometer property in Western Bolivia that hosts historical open-pit and underground mining operations.

2. Kirkland Lake Discoveries (TSXV:KLDC)

Weekly gain: 114.71 percent
Market cap: C$45.14 million
Share price: C$0.365

Kirkland Lake Discoveries is a gold and copper exploration company focused on projects in its district-scale land package located in the Kirkland Lake area of Ontario, Canada.

Its holdings span an area of approximately 40,000 hectares in the Abitibi greenstone belt, an area that has been host to past-producing gold and copper mines. It is broadly divided into KL West and KL East, which contain the Goodfish-Kirana and Lucky Strike gold projects, respectively, among others.

The company has made several additions to its land package over the past year, the most recent being the Mirado property. Located 20 kilometers south of Kirkland Lake, Mirado hosts a historic resource of 442,000 ounces of gold.

Kirkland Lake Discoveries originally announced the acquisition of the property in December 2025, and the deal closed on March 3. On Thursday (April 16), Kirkland released assay results from the first hole of its 2026 drill program at the property, which encountered 103 meters of continuous mineralization. One highlighted intersection from the hole returned grades of 5.66 g/t gold over 18.2 meters, including an interval of 23.03 g/t over 4.3 meters.

CEO Stefan Sklepowicz said the results were an exceptional start to the program at Mirado, confirming a “robust system with potential for both bulk-tonnage scale and high-grade zones,” with the system open in multiple directions.

3. Carlin Gold (TSXV:CGD)

Weekly gain: 93.55 percent
Market cap: C$11.61 million
Share price: C$0.60

Carlin Gold is an exploration company with a trio of projects in Nevada, US, consisting of the Cortez Summit and Willow gold projects and the Ivy copper-gold skarn project.

Cortez Summit sits on 142 unpatented claims within the prolific Cortez trend, and is located 1.4 kilometers northeast of the Nevada Gold Mines Goldrush deposit.

The company’s most recent activity has been at the Ivy property, which comprises 161 unpatented claims near Elko.

Last November, Carlin reported that a survey detected a 1,500 meter by 200 meter anomaly at Ivy, which was open along strike and at depth below 250 meters.

At the time, the company said it was using the data to formalize a drill program to test priority targets at the site.

On Tuesday (April 14), Carlin completed a non-brokered private placement, raising gross proceeds of C$2.16 million. Carlin intends to use the funds for exploration and maintenance of its projects, as well as for general working capital.

4. North American Niobium and Critical Minerals (CSE:NIOB)

Weekly gain: 68.18 percent
Market cap: C$12.23 million
Share price: C$0.74

North American Niobium and Critical Minerals is an exploration company working to advance niobium and rare earths assets in Québec, Canada. Its properties consist of Seigneurie, a niobium and rare earths project; Blanchette, a rare earths and nickel-copper project; and Bardy, a rare earths project.

North American Niobium is focused on advancing its assets to contribute to building a domestic critical mineral supply chain to support defense, industrial and technology sectors in Canada and the US. On April 2, the company reported that it was launching its maiden drill program at Seigneurie one week after receiving final permits. The diamond drill program is designed to test the pegmatite system for niobium and rare earth mineralization potential.

Then, on April 9, North American Niobium announced it had also received diamond drill permits for Bardy and Blanchette, allowing it to conduct exploration programs at all three of its main properties. Its most recent news came on Thursday, when the company hired an advisory firm to build on its engagement with local Indigenous stakeholders.

CEO Murray Nye said the company recognizes the importance of respecting the territory and maintaining dialogue, and it intends to strengthen communication and the engagement process.

5. Pacific Booker Minerals (TSXV:BKM)

Weekly gain: 66.67 percent
Market cap: C$36.32 million
Share price: C$2.25

Pacific Booker Minerals is an explorer and developer focused on its Morrison property, located in Central BC, Canada. The site is in the advanced stages of development and hosts copper, gold and molybdenum mineralization. The company has been working on development plans since 2004, and completed a feasibility study in 2009. However, work hasn’t been able to proceed as it needs approval from the nearby Lake Babine Nation.

In May 2024, Pacific Booker announced it would be seeking legal recourse after communications between itself and Lake Babine Nation broke down, but it has not released an update on its legal troubles since.

On Tuesday, American Eagle Gold (TSXV:AE,OTCQB:AMEGF) made an unsolicited offer to acquire Pacific Booker. American Eagle offered shareholders C$1.76 per share, a 31 percent premium over the company's April 13 closing price, for a total equity value of C$31 million. Chief Wilf Adam of Lake Babine Nation stated that the nation supports the acquisition and welcomes the opportunity to reset discussions about Morrison with American Eagle.

If the deal receives approval, American Eagle said it would combine the Morrison project with its nearby NAK copper-gold project to create a regional development platform.

American Eagle is backed by a strategic investment group that includes Canadian mining giant Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Eric Sprott.