Top 5 Canadian Mining Stocks This Week: 55 North Gold Gains 89 Percent

Markets and commodities react

​Canadian equity markets were negative this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 0.7 percent over the week to close Friday (October 2) at 35,502.65, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.29 percent to 880.57.

The CSE Composite Index (CSE:CSECOMP) shed 7.27 percent to 157.22.

The gold price lost 3.04 percent to close at US$4,145.35 per ounce on Friday at 4:00 p.m. EDT. The silver price was down 5.02 percent at US$60.58 per ounce on Friday.

In base metals, the Comex copper price recorded a 2.91 percent decrease this week to US$6.58 per pond.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 1 percent to 730.32​

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. 55 North Gold (CSE:FFF)

Weekly gain: 89.19 percent
Market cap: C$12.36 million
Share price: C$0.35

55 North Gold is an exploration company advancing its Last Hope gold project in Northern Manitoba, Canada.

The property consists of 15 claims covering a total land package of 3,513 hectares. Its current resource estimate, published in 2021, outlines an indicated resource of 71,100 ounces of gold from 400,000 metric tons of ore grading 5.41 grams per metric ton (g/t) gold, plus inferred resources of 273,800 ounces from 1.5 million metric tons grading 5.48 g/t gold.

55 North's most recent news release came on July 7, when it released results from its seven hole winter diamond drill program at Last Hope comprising infill and step-out holes. The company said the drilling extended gold mineralization 300 meters beyond the current resource estimate and confirmed that the system remains open along strike and down plunge.

Its highlighted assay results include an interval of 19.42 meters with an average grade of 2.49 g/t gold from 211.58 meters downhole, including 4.5 meters at 5.34 g/t gold. Another hole returned 2.56 meters at 6.91 g/t gold. The company said the new results will support targeting for further drilling ahead of an updated resource estimate.

2. Synergy Metals (CSE:SYN)

Weekly gain: 43.9 percent
Market cap: C$10.69 million
Share price: C$0.59

Synergy Metals is an exploration company advancing its Dale gold property in Ontario, Canada.

The property is located in the Swayze greenstone belt, southwest of Timmins. It consists of 98 unpatented mining claims covering 1,980 hectares. Dale has never been drilled, and no mineral resource has been estimated for the property.

Synergy began trading on the CSE on August 26, after a plan of arrangement that spun the company out of Element79 Gold (CSE:ELEM,OTCQB:ELMGF), which retains about a 30 percent stake. The company added a listing on the Frankfurt Stock Exchange in early September, expanding its reach to European investors.

On September 3, the company began soliciting contractors for its first exploration program at Dale. The program is expected to last around six weeks and will include about 1,000 soil samples, a LiDAR survey, trenching and channel sampling. Results will inform a Phase 2 program, which will include 1,500 meters of drilling.

3. Brutus Mining (CSE:BRU)

Weekly gain: 31.94 percent
Market cap: C$20.22 million
Share price: C$0.95

Brutus Mining is an exploration company advancing its CW copper project in British Columbia, Canada.

The property is located in South-central BC, about 100 kilometers north of Kamloops. It consists of five contiguous mineral claims covering 2,894.56 hectares and hosts five primary targets with copper and gold mineralization.

According to a January 2026 technical report, Brutus holds an option to earn a 100 percent interest in the property by paying the vendor total consideration of C$80,000 cash and 200,000 shares.

The project is in its early stages and does not have a mineral resource estimate.

Brutus Mining recently went public. The company signed a listing agreement with the Canadian Securities Exchange on September 1, with trading commencing on September 10. On September 17, Brutus announced it had engaged Palliser Exploration to carry out a soil sampling survey at CW. The program, consisting of 1,500 samples spaced evenly across the property, is designed to detect mineralization not found in previous programs.

This marks the second week in a row as a top five performer for Brutus after it topped last week's list supported by multiple news releases. On September 21, the company announced two concurrent non-brokered private placements for gross proceeds of up to C$3 million. Brutus plans to use the proceeds for exploration at CW, the evaluation of new projects and working capital. Then, on September 23, Brutus said its shares had also begun trading on the Frankfurt Stock Exchange, giving the company exposure to European investors.

As for this week, on Wednesday (September 30) Brutus announced that it brought on ESGold (CSE:ESAU,OTCQB:ESAUF) CEO and Director Gordon Robb and Geologist Luke van der Meer as company advisors.

4.. ZincX Resources (TSXV:ZNX)

Weekly gain: 31.82 percent
Market cap: C$54.49 million
Share price: C$0.29

ZincX Resources is an exploration company advancing its flagship Akie zinc-lead-silver project in BC, Canada.

The property consists of 46 mineral claims covering a land package of 116 square kilometers within the Kechika Trough and hosts the Cardiac Creek deposit.

A mineral resource estimate included in a June 2018 technical report shows an indicated resource of 22.7 million metric tons of ore grading 8.32 percent zinc for 4.16 billion pounds of contained zinc, 1.61 percent lead for 804 million pounds of lead, and 14.1 g/t silver for 10.3 million ounces.

The most recent news from the Akie property came in late April, when ZincX received a renewal of its surface drilling permit from BC’s Ministry of Energy, Mines and Low Carbon Innovation. The permit is valid until December 31, 2028.

On July 16, the company announced that it had amended a previous option agreement for its Kechika North project with an arm’s length third party, which previously required a C$3 million cash payment to exercise the option for a 100 percent interest.

The third party has now exercised the option under the new terms of the deal, which required a C$1 million payment to do so. It must also make an additional C$1.9 million cash payment if the province formally designates the Kaska conservation area, or earlier if the third party so chooses.

Kechika North formed part of ZincX’s Kechika regional project, a portfolio of properties to the north of Akie. ZincX still owns the Kechika South project, which includes both wholly owned and joint venture properties.

The most recent news came on September 11 when ZincX announced that it closed a non-brokered private placement raising gross proceeds of C$1.82 million. The funds will be used to advance work at the Akie and Kechika projects.

5. Xcite Uranium (CSE:XRI)

Weekly gain: 29.85 percent
Market cap: C$34.84 million
Share price: C$0.435

Xcite Uranium is an explorer focused on projects in Saskatchewan's Athabasca Basin. The company has 12,310 hectares across six project areas within the Beaverlodge district, which surrounds Uranium City.

Its most recent focus has been the 943 hectare Lorado project and the 1,996 hectare Gulch project.

On Monday (September 28), Xcite announced the start of a drill program at the Gulch project consisting of 900 meters of diamond drilling across three holes, targeting conductors and magnetic breaks consistent with radon anomalies. Previously, rock samples from Gulch returned values of 1.6 and 3.75 percent uranium oxide (U3O8) during its 2026 fieldwork program.

Additionally, the company provided an update on drilling at Lorado, noting that three holes have been completed for a total of 1,099 meters. The final hole intersected multiple intervals of radioactivity, with the highest registering 2,281 counts per second over a 0.6 meter width. Lab assays are pending.

FAQs for Canadian mining stocks

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity.

As of April 2026, the listing fee alone will most likely cost between C$10,000 to C$70,000, and accounting and auditing fees could rack up between C$25,000 and C$100,000. Legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.