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Been watching the Canadian mining stocks this week and there's some serious action happening. Copper's having a major moment - exploration spending in BC hit a record C$751 million in 2025, and for the first time ever, copper projects are outpacing gold funding. That shift is real.
Tincorp Metals absolutely popped 128% after filing that resource estimate for their Ecuador gold-copper project. Santa Barbara's looking solid with nearly 700k ounces of indicated gold plus significant copper. Kirkland Lake Discoveries wasn't far behind at 114% gains - their Mirado property drill results came back strong, 5.66 g/t gold over 18 meters is pretty respectable. Carlin Gold, North American Niobium, and Pacific Booker all had solid weeks too, ranging from 66% to 93% moves.
The geopolitical backdrop helped too. Oil prices cratered when the Strait of Hormuz reopened, which took pressure off energy costs. Meanwhile, gold and silver both rallied - silver especially had a great week up 7.22%. The broader Canadian mining sector is definitely benefiting from that critical minerals push and all the exploration activity ramping up. If you're tracking canadian silver stocks and base metals, this week showed real momentum in the junior explorer space, particularly around copper and rare earth projects.