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 August’s Labour Force Survey on Friday (September 4). The data show the economy lost 42,000 jobs during the month, surprising analysts who expected a gain.
Despite the loss, the unemployment rate was unchanged at 6.4 percent. On an annualized basis, employment has risen by 217,000.
Highlighting the report was the loss of 20,000 public-sector jobs, bringing the sector’s total decline in 2026 to 78,000. In the private sector, the biggest loss came in the business, building and other support services subsector with a decline of 20,000 jobs. Meanwhile, Canada’s resource sector lost 7,700 jobs.
Partially offsetting the losses were the addition of 22,000 jobs in Canada’s manufacturing sector; 12,000 in information, culture and recreation; and 6,000 in healthcare roles.
On Monday (August 31), Julie Dabrusin, Canada’s Minister of the Environment, Climate Change and Nature, ruled in favor of the construction of the Marten Falls community access road that would connect the Marten Falls First Nations in Ontario to the northern end of the Painter Lake forestry road.
The multi-use road has been deemed a critical infrastructure project. The road will support remote communities with year-round access, and provide access to future mineral development projects within Ontario’s Ring of Fire area.
In her statements, Dabrusin noted that while the road had the potential for some adverse effects, they were outweighed by the benefits to the Marten Falls First Nation and economic development in the region.
That same day, Ontario Premier Doug Ford attended a ceremony to mark the start of construction of the access road.
“The Marten Falls Community Access Road is a critical link in the Ring of Fire road network, connecting the people of Marten Falls to better services and good-paying local jobs while connecting the rest of Ontario to the incredible economic potential of the Ring of Fire,” Ford said.
On Tuesday (September 1), APTN News reported that the Lac Simon First Nation in Québec had evicted mining company Fresnillo (LSE:FRES,OTCPL:FNLPF) from its ancestral lands. The company had been performing exploration work at the Novador open-pit gold project; however, Chief Lucien Wabanonik says that the project was approved without the community’s consent.
“There was a lack of good consultation, so we didn’t give them consent regarding their project,” Wabanonik told CBC in June. “The community itself decided not to accept any project on that scale, meaning an open-pit project.”
Community members expressed concern that a mine would threaten the local watershed, species and traditional use of the territory.
Additional concerns were expressed by Val D’Or Mayor Serge Allard, who questioned whether the mine would employ workers from the town or would rely on a fly-in-fly-out workforce.
Overall, the project has raised debate over the approval process and lack of input from affected communities in the region. For its part, Lac Simon filed an injunction on June 11 to halt further activities at the site.
Fresnillo acquired the project when it bought Probe Gold in October 2025 for C$780 million. The site hosts a measured and indicated resource of 3.55 million ounces of gold.
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 0.97 percent over the week to close Friday at 36,513.80, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) recorded a more substantial decline of 4.39 percent to 965.40.
The CSE Composite Index (CSE:CSECOMP), on the other hand, surged 8.88 percent to 183.12.
The gold price fell 3.69 percent to close at US$4,435.08 per ounce on Friday at 4:00 p.m. EDT. The silver price closed the week down 4.45 percent at US$66.20 on Friday.
In base metals, the Comex copper price recorded a 0.4 percent decrease this week to US$6.66.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 4.49 percent to end Friday at 735.76.
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. Decade Resources (TSXV:DEC)
Weekly gain: 100 percent
Market cap: C$50.25 million
Share price: C$0.20
Decade Resources is focused on advancing a portfolio of properties in British Columbia, Canada.
The company has spent much of 2026 advancing work at its Bonaparte property in the Kamloops mining division. The property consists of three mineral claims covering a land package of 2,969.58 hectares and hosts mineralization of copper, gold and molybdenum, with the Discovery area being the primary exploration area.
Decade announced in October 2025 that it had entered into an option agreement to earn up to an 80 percent interest in the property in exchange for 14.7 million shares in Decade and a 2 percent net smelter return. Half the net smelter return can be purchased back by the optioner for C$3 million within the one year period prior to the start of commercial production.
Decade began its Phase 1 drill program at the project in early August, with plans for five to six holes targeting depths of 500 meters to a minimum of 3,000 meters.
On August 31, the company announced it encountered porphyry-style copper mineralization in the first hole of the program, which was drilled below a chargeability anomaly located 500 meters east of the Discovery zone. Mineralization occurred in a “textbook porphyry alteration sequence” over the course of the hole and remained open below 621.6 meters.
“The Discovery Zone veins told us something bigger might be sitting underneath, the Geological Survey said the same thing, and the drill is now bearing that out,” President Ed Kruchkowski said.
Samples from the drill core will be sent for assaying.
2. Bullfrog Gold (CSE:FROG)
Weekly gain: 96.43 percent
Market cap: C$18.9 million
Share price: C$0.275
Bullfrog Gold is an exploration company focused on advancing the South Bullfrog project in Nevada, United States.
The property is located in Nye County, 190 kilometers northwest of Las Vegas, and consists of 488 unpatented lode mining claims covering a land package of 4,068 hectares. Exploration of the property has identified several anomalous targets prospective for epithermal mineralization, and while the site has been surveyed, no drilling has been conducted.
On Tuesday, Bullfrog announced that it had selected a contractor for an upcoming drill program at the property expected to start in the fourth quarter of 2026. It plans to carry out 3,000 meters of diamond drilling focused on the Shingleback and Longtail targets.
3. Synergy Metals (CSE:SYN)
Weekly gain: 81.25 percent
Market cap: C$15.19 million
Share price: C$0.58
Synergy Metals is an exploration company advancing its Dale gold project in Ontario, Canada, 100 kilometers southwest of Timmins.
The company and the property were recently spun-out of Element79 Gold (CSE:ELEM). The arrangement was announced on July 17, with Element79 transferring all rights and data for the Dale property to the newly formed Synergy in exchange for 2 million Synergy shares.
On August 26, Synergy announced that it commenced trading on the CSE under the symbol SYN.
The Dale property is located within the Porcupine Mining District and sits on 98 unpatented claims, totaling 1,980.5 hectares. Mineralization at the property is hosted within an Archean lode-gold, quartz vein system, typical of gold deposits throughout the Abitibi greenstone belt.
On Thursday (September 3), Synergy announced that it had opened a search for a contractor to provide field service for the Phase 1 exploration program at Dale. According to the release, the scope of work will include soil sampling, a LiDAR survey, trench sampling and the compilation of historical geological data.
4. ZincX Resources (TSXV:ZNX)
Weekly gain: 74.07 percent
Market cap: C$22.55 million
Share price: C$0.235
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 grams per metric ton (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.
ZincX has landed on the top Canadian mining stocks list for the second week in a row, after placing second last week.
On Tuesday, the company announced that its C$1.82 million non-brokered private placement, which it announced the prior day, had been fully subscribed. If the placement is approved, proceeds will be used to advance the Akie and Kechika regional projects.
5. Adamera Minerals (TSXV:ADZ)
Weekly gain: 50 percent
Market cap: C$14.65 million
Share price: C$0.21
Adamera Minerals is an exploration company with a portfolio of projects in Washington State, and British Columbia.
The company’s recent focus has been at its South Hedley property in South Central BC, near the border with Washington. The site covers an approximate land package of 154 square kilometers, and hosts soil containing anomalous copper values. It is located in a region with historic gold and copper production and sits 24 kilometers from Hudbay’s Copper Mountain mine.
Exploration at the mine had recently been paused due wildfire-related restrictions in the area, but on Wednesday, Adamera announced that its induced polarization program at the site had resumed.
The company announced partial results from the survey, which identified a chargeability anomaly measuring at least 2.8 kilometers wide, with evidence it could extend to 4 kilometers and to depths below 325 meters. It also noted that one rock sample from the site carried anomalous copper ranging from 200 to 2,000 parts per million.
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.
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