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.
Statistics Canada released its July consumer price index (CPI) data on Monday (August 17). The figures show inflation was persistent, posting a 3 percent annualized gain during the month and increasing from 2.8 percent in June.
The agency attributed the increase to the persistent conflict in the Middle East which has caused the closure of the Strait of Hormuz and the partial closure of the Red Sea, two critical oil shipping routes out of the region.
The result was higher prices at the pump, as gasoline prices surged 25.7 percent compared with the same time last year, following a 20.5 percent increase in June.
Excluding gasoline, all-items CPI increased 2.2 percent, close to the midpoint of Bank of Canada's total inflation target range of 1 to 3 percent, which it set after inflation peaked at 8.1 percent in June 2022 following the COVID-19 pandemic.
On Thursday (August 20), StatsCan released the June monthly mineral production survey, which showed increases in output and shipments of copper, gold and silver over the month.
Recoverable copper increased 1.61 percent to 43.39 million kilograms, while shipments of the red metal surged 29.28 percent to 49.91 million kilograms.
Meanwhile, gold production rose 5.93 percent to 19,388 kilograms, the highest output in more than 6 years, while shipments surged to their highest levels since October 2021, as they increased 38.04 percent to 22,495 kilograms.
Silver saw even larger increases, with production rising 9.12 percent to 27,454 kilograms and shipments jumping 38.7 percent to 30,455 kilograms, the highest level since September 2025.
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 mixed this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 0.45 percent over the week to close Friday (August 21) at 36,620.23, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 1.91 percent to 988.37.
The CSE Composite Index (CSE:CSECOMP) was flat, losing just 0.09 percent to 168.07.
On the other hand, precious metals experienced another week of positive momentum. The gold price gained 6.07 percent to close at US$4,615.45 per ounce on Friday at 4:00 p.m. EDT. The silver price performed even better, closing the week up 7.49 percent at US$69.32 on Friday.
In base metals, the Comex copper price recorded a 0.13 percent decline this week to US$6.58.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 5.29 percent to end Friday at 717.21.
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. Torr Metals (TSXV:TMET)
Weekly gain: 52.63 percent
Market cap: C$13.41 million
Share price: C$0.145
Torr Metals is an exploration company that owns the Kolos and Latham copper-gold projects in British Columbia and the Filion gold project in Ontario.
Its primary focus has been at Kolos, which covers a total land package of 332 square kilometers within the Quesnel Terrane near Kamloops. The site covers several wholly owned target areas, as well as Bertha, which it acquired the option to earn up to a 100 percent stake in March 2025.
Torr commenced its maiden drill program at Bertha in October 2025 and has been active at both Bertha and Kolos throughout the first half of 2026.
The most recent update came on Tuesday (August 18), when Torr reported that it confirmed a large porphyry system in the first four drill holes of its 6,000 meter Phase 2 drill program at Bertha North.
"With assays pending, a large and strengthening geophysical target still ahead of the drilling, and multiple targets yet to be tested, we believe Bertha North is at a very early stage with significant discovery potential still in front of us," Torr President and CEO Malcolm Dorsey said.
2. Integral Metals (CSE:INTG)
Weekly gain: 49.18 percent
Market cap: C$18.84 million
Share price: C$0.455
Integral Metals is an exploration company with a portfolio of critical mineral projects in the Northwest Territories and Manitoba, Canada, and Montana, US.
Its most advanced asset is the KAP project located in the Mackenzie Mountains of the Northwest Territories. The property consists of six claims covering an area of approximately 7,500 hectares and hosts zinc, gallium and germanium mineralization.
In its 2026 exploration plan update released on January 12, the company said its activities would focus on "de-risking the project to advance to the next stage of evaluation." This would include detailed mineral and metallurgical studies and re-assays of historical drill samples dating back to the 1970s.
The company also owns the Burntwood rare earths project in Manitoba, where it is examining the potential for a small-scale drill program in 2026; and the Woods Creek rare earths project in Montana, where it will carry out surface-based work to delineate carbonatite dykes and expand geological mapping and sampling.
Integral's latest project-related news came on July 13, when it announced plans for a 2026 drill program at KAP that will build on test work carried out at the property's Main Zone in 2025.
On Friday, the company announced the opening of a non-brokered flow-through private placement to raise gross proceeds of up to C$1.25 million. The offering is expected to close around September 14.
3. CANEX Metals (TSXV:CANX)
Weekly gain: 45.65 percent
Market cap: C$80.34 million
Share price: C$0.335
CANEX Metals is an exploration company working to advance its recently expanded Gold Range – Gold Basin project in Arizona, US, and the Louise copper-gold project in British Columbia, Canada.
Its Gold Range property in Mohave County lies in a region with a mining history dating back to the 1880s, but the property has seen little modern exploration. CANEX is currently working to identify prospective zones with near-surface gold mineralization.
In February, CANEX acquired a controlling 52 percent stake in Gold Basin Resources, whose Gold Basin project is contiguous with Gold Range, and successfully acquired the remaining shares in June.
The move consolidated the pair’s landholdings in Arizona, increasing CANEX’s claims to five split-estate mineral titles, two patented mining claims and 546 lode mining claims.
Gold Basin was embroiled in a range of issues, including a May 2025 cease trade order by the British Columbia Securities Commission for failing to file audited financial statements. After gaining the controlling stake, CANEX began work to rectify the problems facing Gold Basin and gain the trust of its remaining shareholders.
On August 18, CANEX announced that it had begun the final steps to complete the acquisition and integration of Gold Basin and would turn its focus to exploration of the Arizona properties and to drill-test its Louise project in British Columbia.
4. Avalon Advanced Materials (TSX:AVL)
Weekly gain: 45.61 percent
Market cap: C$54.78 million
Share price: C$8.30
Avalon Advanced Materials is an explorer and developer focused on a portfolio of projects in Canada.
The company previously had a 40 percent ownership stake in the Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owned the remaining 60 percent.
However, on April 2, Avalon announced a strategic restructuring that would largely see it exit the project. The company stated that it would retain a 100 percent ownership stake in the Lilypad cesium project in Northern Ontario.
At the time, it noted that the lithium assets associated with Separation Rapids did not align with its broader spodumene lithium feedstock strategy.
The company has turned its attention to its other projects, which include the Nechalacho rare earths project in the Northwest Territories, the Lilypad project and the Lake Superior lithium processing facility in Thunder Bay, Ontario.
The most recent project-related news came on August 6, when Avalon released an updated mineral resource estimate for the Nechalacho Basal Zone.
The new estimate demonstrates a measured and indicated resource of 58.6 million metric tons of ore grading 1.49 percent total rare earth oxides, plus an inferred resource of 130.6 million metric tons grading 1.31 percent. The majority of the value comes from neodymium, praseodymium, dysprosium and terbium, according to the release.
Avalon is currently working towards releasing a preliminary economic assessment in Q4.
5. Athena Gold (CSE:ATHA)
Weekly gain: 42.86 percent
Market cap: C$15.04 million
Share price: C$0.40
Athena Gold is an exploration company with a trio of gold projects: Laird Lake and Forester in Ontario, Canada, and Excelsior Springs in Nevada, US.
Its most advanced project is Excelsior Springs. The gold property covers an area of over 2,500 hectares within the Walker Lane tectonic zone in Nevada, and hosts the historic Buster mine, which produced 19,200 ounces during its lifetime.
Excelsior Springs is currently being explored by Mammoth Minerals (ASX:M79,OTCPL:FIRTF), which has the option to earn up to an 80 percent interest.
Athena is currently carrying out a maiden drill program at Laird Lake, which covers more than 7,000 hectares near Red Lake.
The company has provided updates to all three of its properties in recent weeks.
First, on August 11, the company announced that it had expanded its landholdings at the Forester project, adding 6,088 hectares by staking mining claims, bringing the total area to 14,930 hectares.
Then, on August 12, it provided a drilling update from Excelsior Springs, stating that Mammoth reported shallow gold mineralization at the Lunchbox Ridge prospect along the Buster Trend, allowing it to extend strike by 700 meters. One highlighted 22.9 meter interval assayed 1.37 grams per metric ton (g/t) gold from near-surface depth, including a 3 meter interval of 4.15 g/t gold.
This week, on Wednesday (August 19), Athena announced a new near-surface high-grade gold discovery at Laird Lake called the Scooby Zone. One highlight returned 23.85 g/t gold over 5 meters at a depth of 21 meters, including 1 meter grading 62.9 g/t and 1 meter grading 54.1 g/t.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many mining companies are listed on the TSX and TSXV?
As of March 2026, 906 mining companies and 71 oil and gas companies are listed on the TSXV, combining for 64 percent of the 1,524 total companies listed on the exchange.
The TSX is home to 176 mining companies and 50 oil and gas companies. The exchange has 2,149 companies listed on it in total.
Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
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.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Copper Quest Exploration is a client of the Investing News Network. This article is not paid-for content.
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