As the global economy continues to recover from the pandemic and the prices of many commodities continue to rise, junior copper stocks are becoming a lucrative investment opportunity for investors. In this article, we take a look at the top five junior copper stocks trading on the TSXV in 2023.
First on our list is Imperial Copper Projects Inc. (ICP.V). ICP is an exploration and development company focused on the acquisition and development of copper projects in Mexico. The company has a portfolio of nine advanced and near-term copper projects located in the Copper Canyon area of Creel, Chihuahua, Mexico. In 2023, ICP will begin production at its flagship project, Imperial Copper Mine, which is expected to produce 15,000–20,000 tonnes of copper per year.
Next on our list is Durango Resources Inc. (DRG.V). Durango is a mineral exploration and development company that is focused on acquiring and developing high-grade copper projects in Mexico. The company currently has three flagship projects, the Ochoa, San Miguel|Impulsora and La Cocotera|Lombarda, all of which are located in the Copper Canyon area of Creel, Chihuahua, Mexico. The company is expected to begin production at its Ochoa project in 2023, and is expected to produce 10,000-15,000 tonnes of copper per year.
Third on our list is Alianza Minerals Ltd. (ANZ.V). Alianza is a mineral exploration and development company focused on discovering copper, gold and silver deposits in Peru. The company holds a portfolio of nine high-grade copper projects in Peru, and in 2023, it is expecting to begin production at its newly acquired Tres Fronteras project, which is expected to produce 10,000-15,000 tonnes of copper per year.
Fourth on our list is Colombia Goldfields Ltd. (CGD.V). Colombia Goldfields is a Canadian-based exploration and development company with a portfolio of gold, copper and polymetallic projects located in Colombia. The company is currently advancing its flagship Miraflores Copper-Gold Deposit Project, which is estimated to produce 8,500-10,000 tonnes of copper per year beginning in 2023.
Finally, we have Canalka Mining Corp. (CKA.V). Canalka is a mineral exploration and development company focused on acquiring and developing high-grade copper assets in Peru. The company currently holds a portfolio of five copper projects in Peru, and in 2023, it is expecting to begin production at its Morococha Copper Mine, which is estimated to produce 5,000-7,000 tonnes of copper per year.
In conclusion, investing in junior copper stocks on the TSXV in 2023 is an excellent opportunity for investors looking to gain exposure to the increasing copper market. We recommend doing your due diligence and researching each of these companies before investing.
