Table of Contents
The most important section for the decline was with a decline of 34,000 in youth between the ages of 15 to 24 years. This increased the young unemployment rate by 14.6 percent, with its highest rate of epidemic since September 2010.
In terms of industry, construction saw the biggest decline as it lost 22,000 workers during the month.
To the south of the border, the US imposed a tariff of 1 kg from Switzerland and 39 percent on the import of 100 ounce gold bars.
In a decision posted to the US Customs and Border Protection (CBP) Custom Ruling online search system on Friday, CBP said that mutual tariffs would be implemented on these bars. Switzerland is the world’s largest refinement and transit hub, and 1 kg and 100 ounces of imports are usually used to return transactions on COMEX.
The ruling created some uncertainty among gold traders, who stopped imports of precious metal in the US and increased the price for December contracts on comex in morning trading.
While the price has retreated, it is still more than 1 percent a day, which is the US $ 3,491.
The price of gold spots this week is also increasing significantly, by 4:00 pm on Friday, the US $ 3,398.42. Silver was even more; It rose 4.58 percent to US $ 38.38 and is closing at its recent heights.
Markets and goods react
In Canada, equity markets were in a positive field this week.
The S&P/TSX Composite Index (Indextti: OSPTX) posted a stable benefit through the week, on Friday 27,758.68 increased by 2.16 percent at 27,758.68. S&P/TSX Venture Composite Index (JX) recorded an increase of 2.71 percent till 787.22. Meanwhile, the CSE Composite Index (CSE: CSECCOMP) increased, increased by 8.99 percent to 142.78.
The US equity markets were roughly down on the new American tariffs and poor jobs data on Friday. S&P 500 (IndexSP: INX) increased by 1.62 percent to 6,389.44, NASDAQ 100 (INDEXNASDAQ: NDX) increased 2.86 percent to 23,603.05 and Dow Jones Industrial Average (IndexDjx: .DJI) from 0.90 percent to 44,175.60.
In base metals, Copper prices On Tuesday (August 5), the US fell as low as $ 4.41 per pound, but was recovered to end the week with a gain of 0.67 per cent.
Top Canadian Mining Stock this week
How did mining stocks perform against this background?
Take a look at the five best performing Canadian mining stocks of this week.
Stock data for this article was recovered on EDT at 4:00 pm on Friday using the stock screener of the tradingview. Companies trading on TSX, TSXV and CSE only include more than $ 10 million market capitalization. Mineral companies were considered within non-energy minerals, energy minerals, process industry and manufacturer manufacturing sectors.
1. Kirkland Lake Discursers (TSXV: KLDC)
Weekly Benefits: 88.24 percent
market cap: C $ 15.2 million
Share price: C $ 0.16
The search for Kirkland Lake is a Gold-Copper Explorer, focused on projects located in the Lake area of Ontario, Canada in the land package on its district-package. Its holding Abitibi Greenstone belt has about 38,000 hectares, an area that keeps previous productive gold and copper mines. Its land is broadly divided into KL West and KL East, with Goodfish-Kirana and Lucky Strike Gold Projects, respectively among others.
On 29 April, the company entered a mining option agreement with Vinny Lake and Amicourious properties as well as mining claim purchase agreement with two vendors to acquire the claims around Winnie Lake Plute and to acquire claims. Properties expand the southern part of the KL West.
On Wednesday (6 August), the company launched an inaugural diamond drill program at KL West and Winnie Lake. The program is designed to follow historical drill results as well as recent surface explorations.
Around 2,000 meters drilling is planned, and the company hopes that it will be completed by the end of August. Kirkland stated that assays would be released as they are obtained and interpreted.
2. Avanti Helium (TSXV: AVN)
Weekly Benefits: 78.95 percent
market cap: C $ 15.2 million
Share price: C $ 0.17
Avanti Helium is a explorer and the developer has focused on advancing helium property in Canada and America. Its more and more Kannapen projects are made up of many regions in Southern Alberta, Canada and Northern Montana, US. Combined land packages cover about 74,000 acres with several goals.
According to her project page, Avanti has drilled three exploration wells in Montana, with a combined 18.5 million cubic feet per day for gas rates.
The company’s leader project has a joint land package of 91,000 acres in South Suskechewan. The surrounding area has drilled 84 wells by other companies since 2016, and until September 2023, it hosted about 25 wells producing 450,000 cubic feet of helium per day.
After the announcement on Thursday (August 7), Avanti received this week that she signed a multi-year offtake agreement with the global industrial gas supplier. The buyer has committed a minimum monthly amount from Avanti’s Sweetgrass Helium Recovery Unit in Montana, which is 33 percent of the initial plant production and 25 percent after a planned expansion.
3. Discovery Energy Metals (CSE: DEMC)
Weekly Benefits: 68.57 percent
market cap: C $ 17.08 million
Share price: C $ 0.295
Discovery Energy Metals is a lithium explorer that is working to carry forward interests in Quebec and BC, Canada. Most of the company’s land holding is in Cubeb, where there are more than 225,000 hectares of interests.
On 20 March, the company released assays from the 2024 exploration program focused on its eeyou istchee James Bay Property. This includes 82 parts per million tentalm pentoxide and 101 parts in 101 parts from 101 parts and 0.66 g/t gold and 0.56 percent zinc.
Discovery announced on 25 June that it had completed the acquisition of more than 5,283 hectares of mineral claims in Crystal Lake Property in BC. The company acquired assets in an agreement with Zimtu Capital (TSXV: ZC).
The search for the initial phase on the property was done between 2009 and 2010, and included a magnetic survey and weapons, returning to 0.7 percent copper with high gold and silver.
The most recent news of Discovery came on July 15, when it announced a non-bolocard private placement up to 10 million units for gross income of C $ 1 million.
4. Abcourt Mines (TSXV: ABI)
Weekly Benefits: 66.67 percent
market cap: C $ 45.53 million
Share price: C $ 0.075
Abcourt mines is a gold discovery and development company focused on operating in the vast mine of sleep in the Abitibi region of Québec. The property consists of four mining leases covering 458 hectares and an area of 69 claims. The site hosts an underground mine, with a mill capable of processing a 750 metric tonnes per day.
July 2023 Early Economic Assessment displays a net current value of US $ 77.5 million with an internal rate of return of 33.3 percent in a peback period of 2.2 years.
The company is working to resume mining operations on the site in the entire 2025.
On Thursday, it provided an update on progress from the sleeping giant, stating that the teams started rehabilitation of underground opening, as well as preparations for the first stop for the first stop in late July. It also stated that it had built about 1,000 metric tonnes of ore surface reserves and started working on a tailing facility. Once completed, the pulp storage will be good at the proposed mining rate of 100,000 to 125,000 metric tonnes per year by 2032.
5. Scorpio Gold (TSXV: SGN)
Weekly Benefits: 64.71 percent
market cap: C $ 60.93 million
Share price: C $ 0.28
Scorpio Gold is an exploration and development company focused on the progress of its Manhattan district in Walker Lane trend in Nevada, USA. The district is made up of a 6,071 acre manhattan project, hosting two past-producing open-pet mines, Reliance and Manhattan as well as the Goldways underground mine.
Scorpio acquired the project in 2021 from Kinaros Gold (TSX: K, NYSE: KGC).
The most recent update of the project came on June 19, when Scorpio announced that it was starting a phase 1 Diamond Drill Program. The goals of GAP Zone, Zanzibar Trend and Mustang Hill have been focused. Planned up to 3,400 meters, contributing to an initial mineral resource estimate with results, required in Q3.
Questions for Canadian Mining Stock
What is the difference between TSX and TSXV?
TSX, or Toronto Stock Exchange, is used by senior companies with large market cap, and TSXV, or TSX venture exchange is used by small-cap companies. Companies listed on TSXV can graduate in senior exchange.
How many mining companies are listed on TSX and TSXV?
By February 2025, 1,572 companies were listed on TSXV, of which 905 were mining companies. Comparatively, TSX was home to 1,859 companies, with 181 mining companies.
Together TSX and TSXV host about 40 percent of the world’s public mining companies.
How much does it cost to list on TSXV?
There are different types of fees that companies should pay to list on TSXV, and according to the exchange, they may vary depending on the nature and complexity of the transaction. The listing fee alone will be most likely between C $ 10,000 to C $ 70,000. Accounting and auditing fees can rack between C $ 25,000 and C $ 100,000, while legal fees are expected to exceed $ 75,000 and a commission of an underwormers can be up to 12 percent.
The exchange has a handful list of other fees and expenditure companies, in which the Safety Commission and the transfer agency fee, investor relationship cost and director and officer liability insurance are not limited.
All these are only for the initial list, of course. Once companies are trading, such as maintaining fees and additional listing charges, and the costs related to filing regular reports are running.
How do you trade on TSXV?
Investors can trade on TSXV in the way they will trade stock on any exchange. This means that they can use a stock broker or a personal investment account to buy and sell shares of TSXV-listed companies during the trading hours of the exchange.
Article by dean bed; Question by Lauren Kelly.
Don’t forget to follow us @Inn_resource For real -time updates!
Securities disclosure: I, Dean Belder, is not interested in any company mentioned in this article.
Securities disclosure: I, Lauren Kelly, no direct investment in any company mentioned in this article is interested in.
Editorial disclosure: NextSource content is a customer of the investment news network. This article is not paid for the material.
