Top 5 Canadian Mining Stocks This Week: GPM Metals | Commodities

Welcome to the Investing Information Community’s weekly have a look at the best-performing Canadian mining shares on the TSX, TSXV and CSE, beginning with a round-up of Canadian and US news impacting the useful resource sector.

Statistics Canada launched its preliminary estimates for the 2024 annual mineral manufacturing survey on Wednesday (February 26).

The report confirmed that the US was the highest trading accomplice for steel ores and non-metallic minerals over the past yr. Canada’s useful resource sector shipped C$6.4 billion value of commodities to the US in 2024. In the meantime, imports into Canada totaled C$4.3 billion.

The highest three export locations for the Canadian mining sector had been the US, which represented 23.9 % of exports in 2024, adopted carefully by China with 20.3 % and Japan with 8.9 %.

At a worth of C$4.2 billion, potash was the highest mineral Canada exported to the US, representing 65.2 % of steel and mineral exports. Diamonds and different non-metallic minerals had been Canada’s subsequent highest export to the US on this class, accounting for 13.1 % of exports and having a trade worth of C$844 million.

General, Canada shipped a complete of C$54 billion value of metals, non-metals and aggregates in 2024. Essentially the most useful subcategory was gold, with Canada transport 198,899 kilograms during 2024 value an estimated C$16.89 billion. The second most precious was potash, which noticed 25.47 million metric tons shipped, including C$8.68 billion to the Canadian financial system.

Canada’s largest trading accomplice for minerals, the US, is inflicting appreciable uncertainty in 2025 because the Trump administration continues to threaten sweeping 25 % tariffs on all exports from Canada excluding power, which might obtain 10 % tariffs.

The tariffs had been initially set to enter impact in early February earlier than being pushed back to the start of March, though US President Donald Trump did enact 25 % tariffs on metal and aluminum imports in mid-February.

This previous Wednesday, Trump indicated that the date for the sweeping tariffs had been pushed back to April 2, however walked it back in social media posts on Thursday (February 27), saying the tariffs would nonetheless go ahead on March 4.

Since he assumed workplace on January 20, Trump’s international and home insurance policies have sparked fears of a international trade struggle. Markets have struggled in current weeks whereas the price of gold has soared to report highs as buyers search haven belongings.

His financial strikes in the direction of Canada alongside feedback calling Canada the 51st state and questioning its legitimacy as a nation have brought on important concern amongst Canadians, many of whom have begun boycotting US journey and merchandise in favor of supporting Canadian corporations.

​Markets and commodities react

US equity markets had been broadly down this week by way of the close of trading on Thursday, with CNN reporting markets are at the moment being pushed by “Extreme Fear.” The S&P 500 (INDEXSP:INX) misplaced 4.13 % over the 4 day period to finish at 5,861.56, and the Nasdaq-100 (INDEXNASDAQ:NDX) fell 7.05 % to twenty,550.95 by Thursday. The Dow Jones Industrial Common (INDEXDJX:.DJI) noticed the smallest drop, dropping simply 1.33 % to 43.239.51.

In Canada, markets had been additionally in decline. The S&P/TSX Enterprise Composite Index (INDEXTSI:JX) fell 4.79 % to close at 615.84 on Thursday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.61 % loss to 25,128.24 and the CSE Composite Index (CSE:CSECOMP) dropped 3.73 % to 127.53.

After hitting new all-time highs final week, the gold price slipped over the previous 4 trading days dropping 2.08 % to US$2,876.00 per ounce at 5:00 p.m. EST Thursday. The silver price noticed steeper declines, dropping 5.04 % during the period to US$31.25.

In base metals, the copper price spiked to nearly US$4.75 late Tuesday (February 25) as Trump floated copper tariffs, however ended Thursday down on the week total, closing the day at US$4.59 per pound on the COMEX. In the meantime, the S&P GSCI (INDEXSP:SPGSCI) shed 3.16 % to close at 560.29.

​Prime Canadian mining shares this week

So how did mining shares carry out in opposition to this backdrop?

We break down this week’s 5 best-performing Canadian mining shares beneath.

Information for this text was retrieved at 3:00 p.m. EST on Thursday utilizing TradingView’s stock screener. Solely corporations trading on the TSX, TSXV and CSE with market capitalizations larger than C$10 million are included. Firms within the non-energy minerals and power minerals sectors had been thought of.

​1. GPM Metals (TSXV:GPM)

Weekly gain: 36.84 %
Market cap: C$14.43 million
Share price: C$0.13

GPM Metals is a mineral exploration company working to advance its Walker Gossan zinc-lead project within the Northern Territory of Australia.

In June 2024, GPM introduced that it concluded a sale and buy settlement with a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary to wholly purchase the Walker Gossan project in Australia in addition to two close by exploration license functions. The phrases of the deal changed a earlier farm-in settlement.

Rio Tinto’s subsidiary has the option to earn up to 49 % curiosity back sooner or later on sure milestones. Moreover, it retains the best to be paid a additional contingent quantity equal to the longer term worth of 1,000 metric tons of zinc and lead if GPM discovers a mineral useful resource larger than 20 million metric tons with mixed zinc and lead grades above 8 %.

In July 2024, GPM introduced that it had finalized plans for an exploration program to be performed in 2024 and 2025 that may comply with up on earlier work on the property, which recognized a 2 kilometer by 1 kilometer gravity anomaly. Resulting from sudden harm to the entry route from storms, this system was delayed till the top of the moist season, April 2025, and will likely be overseen by new CEO John Timmons.

Shares in GPM Metals had been up this week, though the company has not launched any news in 2025.

2. DLP Assets (TSXV:DLP)

Firm Profile

Weekly gain: 33.33 %
Market cap: C$34.99 million
Share price: C$0.30

DLP Assets is a mineral exploration company centered on advancing its flagship Aurora copper-molybdenum project in Peru.

The 8,500 hectare website is positioned within the Central Andes. Exploration work has been carried out on the website because the early 2000s, with DLP conducting drill packages in 2023 and 2024.

Shares in DLP noticed positive aspects this week following the release of a technical report for Aurora on Thursday that included a maiden mineral useful resource estimate with important copper and molybdenum unfold over two zones.

The inferred useful resource totals 1.05 billion metric tons of ore containing 4.65 billion kilos of copper, 1.1 billion kilos of molybdenum and 80 million ounces of silver. The useful resource has average grades of 0.2 % copper, 0.05 % molybdenum and a couple of.4 grams per metric ton silver.

The company mentioned it’s happy with the scale and outcomes of the report and can proceed drilling the location to improve the useful resource forward of a preliminary financial evaluation.

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3. TriStar Gold (TSXV:TSG)

Firm Profile

Weekly gain: 29.63 %
Market cap: C$51.79 million
Share price: C$0.175

Tristar Gold is a gold exploration and development company centered on advancing its Castelo de Sonhos project in Pará State, Brazil.

In accordance with a 2021 pre-feasibility research, the property consists of six concessions and has hosted historic small-scale artisanal mining over the previous a number of many years. Between 2010 and 2021, Tristar drilled more than 67,000 meters in 611 holes.

The economics included within the research display that, at an annual 5 % low cost fee, the project has an after-tax internet current worth of US$321 million and inner fee of return of 28 % with a payback period of 2.8 years. The bottom case was calculated utilizing a gold price of US$1,550 per ounce.

The project was issued a preliminary license in August 2024 from the Para Secretariat for the Atmosphere and Sustainability (SEMAS), a essential environmental hurdle and the primary of a three-stage course of to permit project development.

The project skilled some delays in October as federal prosecutors really useful that the license be suspended pending the completion of further archaeological research and Indigenous Part Research. In a follow-up announcement in December, Tristar indicated that the allow for the location would stay legitimate, with SEMAS offering a robust technical protection of the allowing course of.

The company has not launched additional data on the proceedings and has spent early 2025 raising funds. The newest news got here on February 21, when it introduced it had closed the ultimate tranche of a non-brokered personal placement for gross proceeds of C$1.08 million.

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4. Star Diamond (TSX:DIAM)

Firm Profile

Weekly gain: 28.57 %
Market cap: C$27.79 million
Share price: C$0.045

Star Diamond is an exploration and development company working to advance its flagship Fort à la Corne diamond district in Saskatchewan, Canada.

The property is positioned 60 kilometers east of Prince Albert, Saskatchewan. Beforehand a three way partnership with Rio Tinto, Star Diamond acquired Rio Tinto’s stake within the project in March 2024 in exchange for 119.32 million shares in Star Diamond, leading to Rio Tinto holding a 19.9 % possession place within the diamond junior.

Fort à la Corne has seen intensive exploration of kimberlite deposits, together with geophysical surveys, large-diameter drilling and micro- and macro-diamond analyses.

The Star-Orion South diamond project, essentially the most superior project space in Star Diamonds’ portfolio, is positioned within the district.

In 2018, the company launched a PEA for Star-Orion South, which reported a useful resource of 27.15 million carats of diamonds from 200.16 million metric tons with an average grade of 14 carats per 100 metric tons. The inferred useful resource is 5.18 million carats from 72.08 million metric tons, with an average grade of 7 carats per 100 metric tons.

On the time, the company estimated a post-tax NPV of C$2 billion, an IRR of 19 % and a payback period of 3 years and 5 months.

On January 9, Star Diamond introduced that a 70.7 million share block held by a former project accomplice had been bought, with 61.12 million shares bought by an worldwide investor concerned with diamonds.

The company’s most up-to-date news got here on February 27, when it introduced that it had closed the second tranche of its personal placement for gross proceeds of C$230,000, including to the C$335,000 from the primary tranche it closed on February 18. The funds will likely be used as working capital. In accordance with the announcement, Star Diamond is discussing funding for a pre-feasibility research with potential buyers.

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5. Canuc Assets (TSXV:CDA)

Firm Profile

Weekly gain: 21.43 %
Market cap: C$13.60 million
Share price: C$0.085

Canuc Assets is an exploration and development company centered on its flagship San Javier silver and gold project in Sonora, Mexico.

As half of its strategy, Canuc additionally owns the MidTex natural gasoline project, which consists of eight producing natural gasoline wells it makes use of to supply regular, long-term money move.

Its San Javier project consists of 28 contiguous claims overlaying 1,052.9 hectares, with the latest set of claims acquired in July 2024. The company has accomplished restricted exploration work on the website, the latest being a mapping and sampling program in January 2024.

The newest news from Canuc got here on February 13 when it introduced it had entered into a definitive association settlement to accumulate Macdonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF). A number of situations should be met earlier than it’s finalized, together with a number of approvals and Canuc finishing a C$500,000 personal placement.

If accomplished, the deal will see Canuc purchase Macdonald and its flagship SPJ project positioned 40 kilometers northeast of the Sudbury mining camp in Ontario, Canada. The positioning covers 19,710 hectares and hosts mineralization of copper, gold, cobalt, nickel and uncommon earth parts.

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FAQs for Canadian mining shares

​What’s the distinction between the TSX and TSXV?

The TSX, or Toronto Inventory Change, is utilized by senior corporations with bigger market caps, and the TSXV, or TSX Enterprise Change, is utilized by smaller-cap corporations. Firms listed on the TSXV can graduate to the senior exchange.

​What number of corporations are listed on the TSXV?

As of June 2024, there have been 1,630 corporations listed on the TSXV, 925 of which had been mining corporations. Comparatively, the TSX was home to 1,806 corporations, with 188 of these being mining corporations.

Collectively the TSX and TSXV host round 40 % of the world’s public mining corporations.

​How a lot does it price to checklist on the TSXV?

There are a selection of totally different charges that corporations should pay to checklist on the TSXV, and in accordance with the exchange, they will fluctuate based mostly on the transaction’s nature and complexity. The itemizing charge alone will probably price between C$10,000 to C$70,000. Accounting and auditing charges may rack up between C$25,000 and C$100,000, whereas legal charges are anticipated to be over C$75,000 and an underwriters’ commission could hit up to 12 %.

The exchange lists a handful of different charges and bills corporations can anticipate, together with however not restricted to security commission and switch company charges, investor relations prices and director and officer legal responsibility insurance coverage.

These are all only for the initial itemizing, of course. There are ongoing bills as soon as corporations are trading, similar to sustaining charges and extra itemizing charges, plus the prices related to submitting common stories.

​How do you trade on the TSXV?

Traders can trade on the TSXV the best way they might trade shares on any exchange. This implies they will use a stock broker or an particular person investment account to buy and promote shares of TSXV-listed corporations during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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Securities Disclosure: I, Dean Belder, maintain no direct investment curiosity in any company talked about on this article.

Securities Disclosure: I, Lauren Kelly, maintain no direct investment curiosity in any company talked about on this article.

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.