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.
Firstly, at the end of last week, the Minister of Energy and Natural Resources, Tim Hodgson announced up to a combined C$73 million in investments toward 12 projects in the Canadian mining sector. The funds comprise C$51.57 million through the First and Last Mile Fund, C$19.6 million through the Energy Innovation Program and nearly C$2 million through the Indigenous Natural Resource Partnerships program.
Further news from the government came this week, including data on the mining sector's performance and government partnerships on mining and oil projects.
On Monday (June 29), Statistics Canada released the natural resource indicators for the first quarter of 2026. Using the common baseline of 2017 constant prices, the data shows that the mineral and mining sector contributed C$11.74 billion to Canada’s gross domestic product (GDP) during the quarter, a 2.88 percent decline from the same quarter in 2025. From Q2 2025 onwards, the sector's GDP contribution has remained largely consistent.
The energy sector's GDP contribution totaled C$40.31 billion in the first three months of 2026, an increase quarter-on-quarter but a small drop year-over-year from C$40.4 billion in Q1 2025.
Then on Tuesday (June 30), the agency released its GDP by industry data for April, which shows that the mining, quarrying and oil and gas extraction sector rose 2.9 percent during the month. This represented the largest increase in the sector since February 2024, when it surged 3.2 percent, and reversed course from the 1.4 percent decrease recorded in March.
Leading the way was a 3.7 percent increase in contribution by the oil and gas sector, highlighted by a 6.6 percent rise in oil sands extraction. However, not everything was positive; mining and quarrying saw a 0.1 percent drop, with a 2.2 percent decline in metal ore mining, as parts of the sector were constrained by maintenance-related shutdowns in Northern Saskatchewan.
This was followed on Thursday (July 2) by the Government of Canada announcing that it will invest C$500 million to transition the Red Chris copper mine in Northern British Columbia from open pit to an underground block cave operation. Red Chris is a joint venture between Newmont (NYSE:NEM,ASX:NEM) and Imperial Metals (TSX:III,OTCPL:IPMLF).
The funding announcement was welcomed by both Newmont and Imperial Metals, with Newmont stating that the “commitment strengthens the business case for the development of a world-class copper-gold operation.”
Also on Thursday, the federal government and Alberta's provincial government announced their support for a new pipeline to the south coast of British Columbia, which the federal government is referring to the Major Projects Office.
The project would follow the existing Trans Mountain Corridor and terminate at the Roberts Bank area south of Vancouver. Once complete, it is expected to carry up to 1 million barrels per day. The pipeline will be an equal partnership between the Federal and Provincial governments, including an equity stake for Indigenous Peoples and a 10 percent investment from Pembina Pipelines (TSX:PPL).
The announcement comes alongside an agreement between British Columbia and the federal government to maintain the tanker moratorium along BC's north coast.
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 positive this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.28 percent over the week to close Friday (July 3) at 35,274.84, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 8.4 percent to 938.28.
The CSE Composite Index (CSE:CSECOMP) was flat, rising just 0.27 percent to 158.83.
Precious metals were also positive. The gold price gained 4.07 percent to close at US$4,174.76 per ounce on Friday at 4:00 p.m. EDT. The silver price fared even better, closing the week up 7.85 percent at US$62.37 on Friday.
In base metals, the Comex copper price recorded a 2.59 percent increase this week to US$6.22.
On the other hand, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was down 1.57 percent to end Friday at 617.11.
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. ATERRA Metals (CSE:ATC)
Weekly gain: 57.14 percent
Market cap: C$17.59 million
Share price: C$0.055
ATERRA Metals is an exploration company focused on its Totora copper-gold project in Chile.
The company finalized the option agreements in February for the three core properties that make up Totora – Frontera, Clinton and Taruca – as well as a fourth, Sevilla, which was added under the Clinton agreement at no additional cost. The area also hosts the Algarrobilla porphyry target, which lies south of the Totora porphyry.
Historical exploration of Frontera produced a historic indicated resource of 16 million metric tons of ore at average grades of 0.38 percent copper and 0.22 grams per metric ton (g/t) gold, with an additional inferred resource of 34 million metric tons grading 0.36 percent copper and 0.22 g/t gold.
While the other sites don't have historic resources, ATERRA highlighted historical drill results from Clinton, including a 166 meter interval at average grades of 0.23 percent copper and 0.31 g/t gold, and from Totora, including 142 meters grading 0.47 percent copper and 0.17 g/t gold.
The company has been actively exploring Totora since acquiring the property. Its most recent news came on June 8, when ATERRA announced the completion of the Phase 1 program, in which it drilled a total of 2,745.6 meters comprising both reverse circulation and diamond drilling. The work mainly focused on the Totora and Algarrobilla porphyries, with one hole drilled at Frontera.
The company said it remains on track to release a resource estimate for Totora in the third quarter of 2026, even though lab results would be delayed by four to six weeks.
2. Integral Metals (CSE:INTG)
Weekly gain: 40.91 percent
Market cap: C$11.22 million
Share price: C$0.31
Integral Metals is an exploration company with a portfolio of critical mineral projects in the Northwest Territories and Manitoba, Canada, and Montana, United States.
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 earth element 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.
Company shares were up this past week., although the company has not released any project-related news.
3. First Canadian Graphite (TSXV:FCI)
Weekly gain: 38.89 percent
Market cap: C$16.85 million
Share price: C$0.375
First Canadian Graphite is an exploration company advancing its Lac Guéret South graphite project in the Côte-Nord region of Québec, Canada. The property sits adjacent to the Uatnan graphite project owned by Nouveau Monde Graphite (TSX:NOU,NYSE:NMG) .
A June 2019 mineral resource estimate (MRE) for Lac Guéret demonstrated an indicated resource of 1.76 million metric tons of ore with a grade of 17 percent graphitic carbon, and an inferred resource of 1.53 million metric tons grading 16.4 percent.
This week, First Canadian announced on Monday that it had mobilized to the site for a 2026 exploration program and was focusing on high-priority targets identified in recent airborne surveys, including Zone 13, an electromagnetic anomaly a kilometer in size, as well as Zones 1, 4 and 6.
CEO John LaGourgue commented, "Zone 13 represents a compelling new discovery opportunity with significant scale potential, while Zones 1, 4 and 6 allow us to build on known high-grade graphite mineralization."
4. PJX Resources (TSXV:PJX)
Weekly gain: 37.5 percent
Market cap: C$40.19 million
Share price: C$0.22
PJX Resources is an exploration company focused on gold, silver and base metal properties in British Columbia, Canada, including the Dewdney Trail project and the Zinger project.
The company has largely been exploring claims around Cranbrook, in the southeast portion of the province, due to the co-existence of a significant base metals deposit with untapped gold potential.
The region is home to the historic Sullivan mine, which produced most of the region’s production of over 285 million ounces of silver, 8.5 million metric tons of lead and 8 million metric tons of zinc. Additionally, the company states that the region may be responsible for more than 1.5 million ounces of historic placer gold production, but significant gold deposits have not yet been discovered.
In total, the company has amassed a land claim of over 50,000 hectares in the region, centered around these historic claim sites.
Share prices in PJX have gained momentum since the company announced on June 18 that it had opened a non-brokered private placement to raise gross proceeds of up to C$6.3 million, with the offering expected to close in two or more tranches by July 15.
Funds raised through the placement will be used for fully permitted exploration programs at its flagship Dewdney Trail project set to begin in July, with secondary drilling at the Zinger property later in the summer if permits are renewed. The work is targeting the discovery of a Sullivan type sedex deposit at Dewdney Trail and a reduced intrusion-related gold system at Zinger.
5. South Pacific Metals (TSXV:SPMC)
Weekly gain: 36.71 percent
Market cap: C$38.72 million
Share price: C$0.54
South Pacific Metals is a copper-gold exploration company with a portfolio of projects in Papua New Guinea.
Its primary focus since the start of the year has been at its Osena project, a 738 square kilometer property located near K92 Mining's (TSX:KNT,OTCQX:KNTNF) Kainantu gold mine.
On June 16, the company released results from exploration across its portfolio in the country, including ongoing drilling by two rigs in Osena's Ontenu NE area. The first hole drilled at the area's Megabe target returned a grade of 3.1 g/t gold and 15.4 g/t silver over 12 meters starting at 185 meters of depth, which included an intersection of 18.1 g/t gold and 84 g/t silver over 1 meter.
Then on June 25, South Pacific announced that it had begun a new exploration program at its Kili Teke copper-gold project in the country's Hela province. The company had previously been conducting community outreach for the project, and secured support for exploration from local landowners and both provincial and local governments in late April and early May.
SPMC has identified four prospect areas at Kili Teke, with the existing resource entirely contained within the Central Main Porphyry The resource currently stands at an inferred resource of 1.81 million ounces of gold and 802,000 metric tons of copper from 237 million metric tons of ore grading 0.24 g/t gold and 0.34 percent copper.
This leaves the Ieru porphyry, Ridge gold Area and the Skarn corridor largely untested. The company is taking a staged, methodical approach, with early stages including reestablishing a base camp and the start of verification and reconnaissance mapping.
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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