TSX Market Update & 7 Canadian Mining Stocks to Watch This Week

TSX Market Snapshot: What's Moving Today?

The Toronto Stock Exchange (TSX) continues to show a mix of stability and volatility, with energy, finance, and technology stocks leading the movement. Meanwhile, commodity prices remain a focal point, impacting mining stocks.

Top Market Movers Today

• Veren Inc. (VRN) – +16.15%, today’s top gainer after strong earnings projections.
• Whitecap Resources Inc. (WCP) – +13.26%, driven by oil price stabilization.
• Shopify Inc. (SHOP) – +5.18%, riding the wave of strong e-commerce demand.
• Constellation Software Inc. (CSU) – +3.04%, continuing tech sector momentum.
• Canadian National Railway (CNR) – +1.90%, reflecting steady transport demand.

Commodities Outlook

• Gold remains strong at $2,912 per ounce, sustaining interest in gold miners.
• Silver is trading higher at $32.67 per ounce (+0.44%).
• Copper has increased by 0.78%, supporting base metal stocks.
• Oil is trading at $66.64 per barrel, providing stability to the energy sector.

With this backdrop, let’s explore the top seven mining stocks worth watching this week.

Top 7 Canadian Mining Stocks to Watch This Week

1. San Lorenzo Gold (TSXV:SLG) – The Gold Star Performer

• Current Price: C$0.32 (+6.67%)
• Market Cap: C$2.18 million
• 52-Week Range: C$0.045 – C$0.37

Why Watch?

San Lorenzo Gold soared 328.57% last week and remains one of the most exciting plays in the mining space. Recent drilling results at its Salvadora project in Chile confirmed high-grade gold, silver, and copper intersections, making this junior miner one to watch closely.

2. Tidewater Renewables (TSX:LCFS) – The Green Energy Pick

• Current Price: C$3.00 (+5.63%)
• Market Cap: C$11.17 million
• 52-Week Range: C$0.58 – C$9.00

Why Watch?

Tidewater Renewables is gaining traction as Canada investigates U.S. renewable diesel imports for potential trade penalties. If tariffs are imposed, Tidewater’s market position in low-carbon fuels could strengthen significantly.

3. Galantas Gold (TSXV:GAL) – Northern Ireland’s Rising Star

• Current Price: C$0.085 (unchanged)
• Market Cap: C$878,000
• 52-Week Range: C$0.040 – C$0.25

Why Watch?

Galantas Gold remains a speculative yet promising mining stock. Its Omagh project in Northern Ireland has a strong resource base, and despite no recent announcements, the stock’s performance suggests potential upcoming catalysts.

4. Eastern Platinum (TSXV:ELR) – Platinum & Chrome Comeback

• Current Price: C$0.17 (-15.00%)
• Market Cap: C$3.46 million
• 52-Week Range: C$0.090 – C$0.30

Why Watch?

Eastern Platinum took a sharp hit today (-15%), reflecting volatility in the platinum sector. However, with platinum and chrome prices rising, the Crocodile River mine restart in South Africa keeps this stock in the game.

5. Sage Potash (TSXV:SAGE) – The Essential Resource Bet

• Current Price: C$0.30 (-4.76%)
• Market Cap: C$2.03 million
• 52-Week Range: C$0.050 – C$0.33

Why Watch?

Sage Potash has pulled back today (-4.76%), but remains a long-term player in U.S. potash supply. With potential tariffs on Canadian potash, domestic suppliers like Sage stand to benefit.

6. Jaguar Mining (TSX:JAG) – A Solid Gold Contender

• Current Price: C$2.52 (-3.45%)
• Market Cap: C$20.08 million
• 52-Week Range: C$1.97 – C$5.92

Why Watch?

Jaguar Mining is down -3.45% today, but it maintains a solid financial position with strong cash flow and operational resilience. Despite a temporary halt at its Turmalina mine, operations continue at the Pilar mine in Brazil.

7. McCoy Global (TSX:MCB) – The Underrated Energy Play

• Current Price: C$2.72 (-6.85%)
• Market Cap: C$7.39 million
• 52-Week Range: C$1.81 – C$3.84
• Dividend Yield: 3.68%

Why Watch?

McCoy Global has declined by 6.85% today, but it remains a strong long-term bet in the oilfield equipment sector. With a low P/E ratio of 8.48 and a 3.68% dividend yield, it’s one of the few small-cap dividend payers in the mining and energy space.

Final Thoughts: Where to Put Your Money?

With gold prices at all-time highs and commodities stabilizing, mining stocks continue to attract investor interest.

• For short-term gains – San Lorenzo Gold and Tidewater Renewables remain exciting plays.
• For long-term potential – McCoy Global and Jaguar Mining offer strong fundamentals.
• For speculative growth – Eastern Platinum and Sage Potash could deliver big returns with the right market conditions.

As always, stay informed and do your research before making investment decisions!