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Jul. 17, 2026 02:00PM PST
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Explore the week's best-performing Canadian mining stocks on the TSX, TSXV and CSE, and dive into the Canadian and US news affecting commodities prices and stock markets.
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.
The US Bureau of Labor Statistics released June consumer price index (CPI) data on Tuesday (July 14).
The agency reported that inflation eased over the course of the month, falling 0.4 percent. A leading factor was a 5.7 percent decline in the energy index following four months of gains.
Oil prices slipped during June as tensions between the US and Iran softened after the two countries agreed to a ceasefire and a memorandum of understanding that the two sides would negotiate a permanent peace deal.
However, since July 7, tensions in the Middle East have been escalating as Iran resumed attacks on ships in the Strait of Hormuz and US allies in the region, causing the US to retaliate.
On an annualized basis, CPI came in at 3.5 percent, well above the US Federal Reserve's 2 percent target. Officials are expected to leave interest rates unchanged when they meet at the end of July. CME Group's (NASDAQ:CME) FedWatch tool predicts the likelihood of an increase at just 14.4 percent, with 0 percent possibility of a cut.
On Tuesday, LNG Canada entered into an equity option agreement with MNT Investments, an economic development partnership between the Gitga’at First Nation, Gitxaała Nation, Haisla Nation, Kitselas First Nation and Kitsumkalum.
The First Nations will have the option to invest up to C$1 billion to purchase a 225,000 cubic meter liquefied natural gas storage tank that is planned as part of the Phase 2 expansion of LNG Canada’s Kitimat operations in Northern BC. They will have ownership of the tank and would then lease it back to LNG Canada for the life of the plant’s operations.
The deal depends on a final investment decision, expected later in 2026. Once completed, the Phase 2 expansion would increase export capacity to 28 million metric tons per year, making it one of the world's largest facilities.
For more on what’s moving markets this week, check out our top market news round-up.
Markets and commodities react
Canadian equity markets were mostly negative this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was flat gaining just 0.04 percent over the week to close Friday (July 17) at 35,263.85, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.9 percent to 854.89.
The CSE Composite Index (CSE:CSECOMP) lost 2.81 percent to 153.66.
The gold price shed 2.64 percent to close at US$4,015.64 per ounce on Friday at 4:00 p.m. EDT. The silver price closed the week down 6.36 percent at US$56.17 on Friday.
In base metals, the Comex copper price recorded a 0.34 percent increase this week to US$6.27 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 5.56 percent to end Friday at 673.95.
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. Sandfire Resources America (TSXV:SFR)
Weekly gain: 72.09 percent
Market cap: C$220.9 million
Share price: C$0.37
Sandfire Resources America is a copper development company focused on its Black Butte copper project located east of Helena, Montana, in the US. On July 9, the company produced an updated prefeasibility study for the project demonstrating an economic case for development with a post-tax net present value (NPV) of US$126 million and an internal rate of return (IRR) of 13.3 percent at a base-case copper price of US$4.70 per pound.
When the copper price increases to US$6 per pound, the NPV rises to US$516 million, with an IRR of 26.3 percent.
Probable reserves stand at 370,000 metric tons of copper grading 2.6 percent, from 14.3 million metric tons, including the Johnny Lee deposit and the first-time conversion of the Lowry deposit to probable reserves.
Trading in Sandfire Resources America was halted on Friday by the Canadian Investment Regulatory Organization pending contact with the company, with no other reason provided. Volume had been muted for most of the week, but saw a dramatic rise on Friday morning. The company responded late on Friday, saying that it was unaware of any material changes in its operations to account for increased market activity.
2. Minco Silver (TSX:MSV)
Weekly gain: 61.11 percent
Market cap: C$43.75 million
Share price: C$0.87
Minco Silver is an exploration company that has a 90 percent interest in the Fuwan silver project in China.
The property consists of three exploration permits covering a total land package of 125.74 square kilometers in Guangdong Province and lies adjacent to the Changkeng gold property, in which Minco has a 51 percent stake.
The site hosts eight zones of mineralization and 10 kilometers of strike, with Minco having explored only 2.8 kilometers. A 2008 reserve statement reports probable reserves of 9.12 million metric tons of ore grading 189 grams per metric ton (g/t) silver for 55.3 million ounces of contained silver.
Shares of the company gained this week. I has not provided an update on the project in July, but noted in its Q1 management discussion and analysis that it was continuing to maintain the property in good standing while discussing potential sales or strategic transactions with several other companies.
It is currently awaiting a decision on a renewal for its Fuwan exploration permit, which expired in March.
3. Strikepoint Gold (TSXV:SKP)
Weekly gain: 42.86 percent
Market cap: C$11.54 million
Share price: C$0.20
StrikePoint Gold is a gold exploration company with a focus on its Hercules Gold project in Nevada, US.
The company has expanded its land holdings at the property, located southeast of Reno in the Walker Lane trend. The most recent acquisition came on February 18, when StrikePoint purchased the Como claims from a subsidiary of Newmont (NYSE:NEM,ASX:NEM). The asset now consists of 1,374 unpatented and four patented mining claims covering a land package of 10,368 hectares. The company has been active on the property throughout the year.
The most recent assays were released on May 26. At the time, the company reported that it had encountered its best hole to date with a grade of 0.69 g/t gold and 5.03 g/t silver over 114.3 meters from a depth of 135.64 meters, which included an intersection of 2.95 g/t gold and 16.18 g/t silver over 9.14 meters.
On Tuesday, StrikePoint filed an updated technical report for the project; it includes the latest drill hole results.
4. Carlin Gold (TSXV:CGD)
Weekly gain: 40.35 percent
Market cap: C$20.38 million
Share price: C$0.80
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.
The most recent news from the company came on Monday (July 13), when it announced leadership changes, with Quentin Mai becoming the new president and CEO. Mai most recently served as President and CEO of West Point Gold, and has more than 30 years of experience in capital markets and corporate communications.
Also joining the company is Cal Everett, who was appointed as Board Chairman. He has been in the mineral exploration industry for over 35 years, with 14 years working as an exploration geologist.
The final newcomer to the company is Craig Roberts, who was appointed a board director. He previously served as Director and CEO of New Found Gold and brings more than 40 years' experience in the mining sector.
Outgoing President and CEO Wayne Livingstone will remain a board director.
5. Tactical Resources (TSXV:RARE)
Weekly gain: 35.82 percent
Market cap: C$64.19 million
Share price: C$9.10
Tactical Resources is an exploration company working to advance its Peak rare earths project in Texas.
The property consists of three mining leases covering a combined contiguous area of 2,680 acres near El Paso. The site hosts the operational Sierra Blanca quarry, which produces fill material for the Union Pacific Railway, and is prospective for rare earths mineralization. Additionally, the property is located 2 miles from the USA Rare Earth (NASDAQ:USAR) and Texas Mineral Resources (OTCQB:TMRC) joint venture Round Top rare earths property.
Shares of Tactical were up this week; however, the company has not released any news since April 15, when it secured 1.5 million short tons of tailings from the Sierra Blanca quarry that appear to contain consistent rare earth mineralization. The company said the material is expected to serve as near-term feedstock for the Peak project.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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Dean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.
As a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.
Dean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.
As a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.
Dean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.
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Dean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.
As a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.
Dean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.
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