Canadian Mining Stocks Rally This Week as Precious Metals Surge: Top 5 Performers Revealed

Canadian mining stocks delivered impressive gains this week, with the sector buoyed by surging precious metal prices. Here’s what moved markets and which mining stocks topped the charts.

Commodity Prices Drive Market Higher

Precious metals led the charge this week. Gold climbed 4.36 percent to reach US$4,506.84 per ounce by Friday, trading near all-time highs. Silver performed even more spectacularly, rebounding to finish the week up 10.17 percent at US$79.75 per ounce after hitting nearly record levels. Copper also benefited, reaching US$6.12 per pound on Monday before settling at US$5.91, down just 0.67 percent for the week.

The commodity rally lifted Canadian equity indices substantially. The S&P/TSX Composite Index gained 2.51 percent to set a new record closing at 32,612.93, while the S&P/TSX Venture Composite Index surged 4.91 percent to 1,052.18. The CSE Composite Index also advanced 5.17 percent to 182.45.

Employment Data and Market Context

Statistics Canada reported that December saw 8,200 new jobs added to the economy, with unemployment rising to 6.8 percent. This contrasted with analyst expectations of 5,000 job losses and a smaller unemployment increase. A bright spot in the data was the shift toward full-time employment—part-time jobs fell by 42,000 while full-time positions grew by 50,000. Since September, the Canadian economy has added 181,000 jobs total.

Across the border, the US economy added 50,000 jobs in December, with unemployment at 4.4 percent. However, 2025 marked the weakest US jobs performance since 2009, with only 584,000 positions created for the year.

Top 5 Mining Stocks This Week

Our screening identified the week’s best-performing mining stocks trading on the TSX, TSXV and CSE with market caps exceeding C$10 million.

1. Gold Reserve (TSXV:GRZ) – Up 131.78 Percent

Market cap: C$662.66 million | Share price: C$5.47

This exploration company holds a minority stake in the Siembra Minera gold and copper project. The stock experienced a dramatic surge, reflecting investor optimism in gold-exposed assets amid rising bullion prices.

2. Peloton Minerals (CSE:PMC) – Up 92.86 Percent

Market cap: C$42.06 million | Share price: C$0.27

Peloton Minerals operates the North Elko lithium project in Nevada, comprising 442 mineral claims across 37 square kilometers. The company completed its maiden drill program in December, targeting lithium-bearing claystone layers. Samples are undergoing multi-element analysis with results expected by end of January 2026. The company recently closed its third private placement tranche, raising C$1.17 million total to fund exploration and working capital.

3. Decade Resources (TSXV:DEC) – Up 77.78 Percent

Market cap: C$13.84 million | Share price: C$0.08

Decade Resources focuses on properties in BC’s Golden Triangle region, including a 55 percent stake in the Del Norte property near Stewart. The company has completed required exploration expenditures and is working toward earning an additional 20 percent stake. Recent drilling discovered a new zone with strong assays of 6.59 g/t gold and 946 g/t silver. For 2026, Decade plans exploration focusing on multiple targets, including areas with historic float samples showing exceptional silver and gold values.

4. SouthGobi Resources (TSX:SGQ) – Up 68.89 Percent

Market cap: C$99.39 million | Share price: C$0.38

SouthGobi operates coal mining assets in Southern Mongolia near the China border. Its flagship Ovoot Tolgoi coal mine has been producing since 2008 with mining permits extending to 2037. The company also holds the Soumber deposit 20 kilometers away and the Zag Suuj deposit 150 kilometers east.

5. Regency Silver (TSXV:RSMX) – Up 65.38 Percent

Market cap: C$19.16 million | Share price: C$0.215

Regency Silver is advancing the Dios Padre precious metals and copper property in Sonora, Mexico, comprising 728 hectares with a historic silver mine. The 2023 technical report outlined an inferred resource of 1.38 million metric tons containing 10.15 million ounces of silver and 14,294 ounces of gold. This week, Regency announced a 225-meter step-out extension with a 240-meter interval of sulfide-breccia mineralization, supported by comparison to previous holes with strong gold, copper and silver grades.

Understanding Canadian Mining Stock Exchanges

TSX vs TSXV: The Toronto Stock Exchange (TSX) hosts senior companies with larger market capitalizations, while the TSX Venture Exchange (TSXV) serves smaller-cap companies that may eventually graduate to the senior exchange.

Market Scale: As of May 2025, the TSXV listed 1,565 companies including 910 mining firms, while the TSX hosted 1,899 companies with 181 being mining-focused. Together, these exchanges account for approximately 40 percent of the world’s publicly-traded mining companies.

Listing Costs: TSXV listing fees range from C$10,000 to C$70,000, with accounting and auditing costs between C$25,000 and C$100,000, legal fees over C$75,000, and underwriter commissions up to 12 percent. Beyond initial listing, companies face ongoing sustaining fees and regular reporting costs.

How to Trade: Investors access TSXV-listed mining stocks through brokers or investment accounts during regular exchange trading hours, just as they would trade any stock exchange.

The strength in precious metals and lithium prices this week underscores why mining stocks remain attractive to investors tracking commodities exposure through Canadian exchanges.