eResearch is pleased to publish our Canadian Mining – Weekly Recap for the week of July 17–24, 2026.
You can download our 13-page Weekly Mining Report by clicking on the following link: eR – Weekly Report – Mining – 2026-07-24_FINAL
Weekly Summary:
Several previously announced deals advanced to completion, including Goldgroup Mining/Gold Resource and Platauro Metals (TSXV:PURO)/Alcon Silver.
A new three-way Sprott-backed silver merger was launched (Silver Hammer/Stroud/SilverMark), and Barrick Mining (TSX:ABX) took a strategic ~9.9% stake in Golden Triangle explorer Kingfisher Metals (TSXV:KFR). Barrick’s endorsement was widely read as an early consolidation signal.
Financing activity stayed robust despite the choppy metals tape, with juniors raising capital through streams, bought deals, flow-through placements, and one large project-level financing with Canadian Copper’s (CSE:CCI) ~C$44 million OR Royalties (TSX:OR) package.
Exploration and technical news flow was headlined by a bonanza-grade silver discovery at Brixton Metals’ (TSXV:BBB) Langis project and a standout copper-gold porphyry intercept at American Eagle Gold (TSXV:AE)’s NAK project, alongside a series of positive resource and PEA filings.
Overall, the week’s tone was one of active junior-level consolidation and capital formation proceeding largely independent of a choppy, “Fear”-dominated precious-metals tape, with copper-focused names drawing incremental support from a firming physical-tightness narrative.
Commodity Backdrop:
Gold slid roughly 2.3% after the start of the week, before staging a Tuesday bounce to US$4,077/oz. Then reversing sharply on Thursday, falling 2.4% to US$4,052/oz in a broad profit-taking pulse before closing the week at almost US$4,055.
Silver followed a similar arc, dropping roughly 6% for the week to the mid-US$56/oz range before rallying to US$59.21/oz and then giving back gains to close the week at US$58.21/oz.
Copper was comparatively resilient, trading in a narrow US$6.26–6.34/lb range for much of the week before a notable Tuesday breakout to US$6.54/lb (+3.2%) on a hardening supply-tightness narrative.
Antofagasta (LSE:ANTO), Rio Tinto (LSE:RIO), and BHP (ASX:BHP) all flagged softer Chilean output, and BMI lifted its 2026 average copper price forecast to roughly US$12,700/tonne from US$11,900, while Rio Tinto cut its 2026 unit-cost guidance.
Broad market sentiment stayed anchored in “Fear” territory throughout (Fear & Greed readings in the 39–41 range), a persistent headwind for illiquid junior equities regardless of company-specific catalysts.
The Materials sector modestly outperformed the broader S&P 500 on several days, though the moves were described as commodity- rather than catalyst-driven.
Uranium and lithium benchmark prices were relatively unchanged on the week.
Companies in this report include:
- AbraSilver Resource (TSX:ABRA)
- Agnico Eagle Mines (TSX:AEM)
- Altius Minerals (TSX:ALS)
- American Eagle Gold (TSXV:AE)
- Antofagasta (LSE:ANTO)
- Apogee Minerals (TSXV:APMI)
- Ashley Gold (CSE:ASHL)
- Atlas Salt (TSXV:SALT)
- Aurelius Minerals (NEX:AUL.H)
- Awalé Resources (TSXV:ARIC)
- Aztec Minerals (TSXV:AZT)
- Barksdale Resources (TSXV:BRO)
- Barrick Mining (TSX:ABX)
- BHP (ASX:BHP)
- Blue Star Gold (TSXV:BAU)
- Brixton Metals (TSXV:BBB)
- Cabral Gold (TSXV:CBR)
- Canada Nickel (TSXV:CNC)
- Canadian Copper (CSE:CCI)
- Canadian Gold Resources (TSXV:CAN)
- Canstar Resources (TSXV:ROX)
- Cantex Mine Development (TSXV:CD)
- Cascadia Minerals (TSXV:CAM)
- CleanTech Vanadium Mining (TSXV:CTV)
- Cleghorn Minerals (TSXV:CZZ)
- Cosa Resources (TSXV:COSA)
- Cross River Ventures (CSE:CRVC.X)
- Denison Mines (TSX:DML)
- District Metals (TSXV:DMX)
- EDM Resources (TSXV:EDM)
- Elemental Royalty (TSX:ELE)
- Eskay Mining (TSXV:ESK)
- Eureka Metals (CSE:ERKA)
- F4 Uranium (TSXV:FFU)
- Fidelity Minerals (TSXV:FMN)
- First Atlantic Nickel & Cobalt (TSXV:FAN)
- First Lithium Minerals (CSE:FLM)
- Freedom Gold (CSE:FRDM)
- Gamma Resources (TSXV:GAMA)
- Gold Resource Corp (NYSE American:GORO)
- Goldgroup Mining (TSXV:GGA)
- GoldInxs Mining (TSXV:INXS)
- Grid Metals (TSXV:GRDM)
- Kapa Gold (TSXV:KAPA)
- Kingfisher Metals (TSXV:KFR)
- Kutcho Copper (TSXV:KC)
- LatAm Lithium (TSXV:LALI)
- Lion One Metals (TSXV:LIO)
- Masivo Silver (TSXV:MASS)
- Metals Creek Resources (TSXV:MEK)
- New Found Gold (TSXV:NFG)
- NexMetals Mining (TSXV:NEXM)
- OR Royalties (TSX:OR)
- Osisko Development (TSX:ODV)
- Osisko Gold Group (TSX:OGG)
- Osisko Metals (TSX:OM)
- Pacific Booker Minerals (TSXV:BKM)
- Platauro Metals (TSXV:PURO)
- Puma Exploration (TSXV:PUMA)
- Purecore Metals (CSE:PURE)
- Q2 Metals (TSXV:QTWO)
- QcX Gold (TSXV:QCX)
- Rio Tinto (LSE:RIO)
- Scorpio Gold (TSXV:SGN)
- Scotia Metals Corp (CSE:SMET)
- Sherritt International (TSX:S)
- Silver Hammer Mining (CSE:HAMR)
- Silver47 Exploration (TSXV:AGA)
- Sixty North Gold (CSE:SXTY)
- Skyharbour Resources (TSXV:SYH)
- Sterling Metals (TSXV:SAG)
- StrategX Elements (TSXV:STGX)
- StrikePoint Gold (TSXV:SKP)
- Stroud Resources (TSXV:SDR)
- Talamore Mining (TSXV:TALA)
- Talisker Resources (TSX:TSK)
- Thistle Resources (TSXV:TRCG)
- TNR Gold (TSXV:TNR)
- Trident Resources (TSXV:ROCK)
- TVI Pacific (TSXV:TVI)
- Vizsla Copper (TSXV:VCU)
- Vizsla Royalties (TSXV:VROY)
- Volta Metals (CSE:VLTA)
- Vortex Energy (TSXV:VRTX)
- Wayfinder Metals (CSE:WMC)
- West Red Lake Gold (TSXV:WRLG)
- World Copper (TSXV:WCU)
You can download our 13-page Weekly Mining Report by clicking on the following link: eR – Weekly Report – Mining – 2026-07-24_FINAL
FIGURE 1: Commodities & Currencies
FIGURE 2: Equities & TSX Sectors
Notes: The author, employees, consultants, and family of eResearch may own stock positions in companies mentioned in this article, report, and/or video, and may have been paid by a company mentioned. eResearch offers no representations or warranties that any of the information contained in this article is accurate or complete. Content on eresearch.com is provided for general informational purposes only and does not constitute financial, investment, tax, legal, or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this information should consult with a financial advisor. The article may contain “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are based on the opinions and assumptions of the Company’s management as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein. Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate, and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Please read eResearch’s full disclaimer.
