5 Top Weekly TSX Stocks: Trevali Mining Rises on Production Results

Last week's other top-gaining mining stocks on the TSX were Nautilus Minerals, Arizona Mining, Largo Resources and Coro Mining.

a big day for biotech

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained a modest 0.51 percent last week to close at 15,614.48 points.

Reuters notes that the index sank slightly on Friday (April 21) as bank stocks pulled back following weak inflation data. Geopolitical concerns also continued to weigh on investors, largely due to the upcoming presidential election in France.

“People are not going to trade if they are nervous nowadays — there is a little nervousness, a lot of uncertainty, so let’s wait and see,” said Joe Saluzzi, Themis Trading’s co-manager of trading.

While the index’s gain last week was small, a number of TSX-listed mining companies — particularly those in the base metals sector — saw sizable share price increases. The five top gainers were:

Without further ado, here’s a look at what moved the share prices of those companies last week.

Nautilus Minerals

Nautilus Minerals bills itself as the first company to commercially explore the seafloor for massive sulfide systems, a potential source of high-grade copper, gold, zinc and silver. The company is developing a production system to commercially extract these metals using existing technologies adapted from the offshore oil and gas industry, and from the dredging and mining industries.

On April 10, Nautilus closed a $2-million private placement; more recently, on April 20, it delivered a $2-million financing notice for May. Last week, the company’s share price rose 8.7 percent to close at $0.25.

Trevali Mining

Trevali Mining is a zinc-focused base metals company with two commercially producing operations — it is currently putting out zinc and lead-silver concentrates at its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in New Brunswick. Trevali also owns the Halfmile and Stratmat base metals deposits in New Brunswick.

On April 17, the company released its Q1 production results. During the period, it produced approximately 32.2 million payable pounds of zinc, 10 million payable pounds of lead and 345,662 payable ounces of silver. The news sent Trevali’s share price up 8.04 percent last week to reach $1.21.

Arizona Mining

Middle of the pack last week was Arizona Mining, whose share price increased 6.12 percent to close the five-day period at $2.08.

Arizona Mining is an exploration and development company focused on its Hermosa project in Arizona. The project is home to the Taylor deposit, one of the 20 largest zinc-lead-silver deposits in the world; Taylor is also one of the highest-grade zinc-lead-silver deposits compared to other zinc-lead-silver deposits of similar size. On April 20, the company announced results from the first 10 exploration holes completed as part of a drill program targeting the expansion of the Taylor deposit.

Largo Resources

Largo Resources is a strategic metals company focused on the production of vanadium pentoxide at its Maracas Menchen mine in Brazil. Largo also has interests in a number of other projects, including the Currais Novos tungsten tailings project, the Campo Alegre de Lourdes iron-vanadium and the Northern Dancer tungsten-molybdenum property.

Most recently, on April 12, Largo announced an operational update for Maracas Menchen and said it has entered into a term loan agreement. Last week, the company’s share price rose 4 percent to reach $0.52.

Coro Mining

Last but not least is Coro Mining, whose share price increased 3.7 percent last week to end at $0.14.

Coro is focused on copper production in Chile, and has a number of exploration and development projects there. The company is also focused on obtaining production from the Nora SX/EW plant, in which it holds a 65-percent interest. Coro’s most recent news came on March 1, when it filed the NI 43-101 report for the maiden resource estimate for its Marimaca copper project.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Arizona Mining and Trevali Mining are clients of the Investing News Network. This article is not paid-for content.


This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Key Permit Sends Northern Dynasty Soaring

by Charlotte McLeod, April 16, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed Thursday (April 13) down 0.72 percent at 15,535,48 points. Nine of the index’s 10 main groups ended lower.

Declining bond yields pressured the heavyweight financials group, according to Reuters, and resource and cannabis stocks also fell. Gold companies had mixed results after the world’s second-largest gold ETF widened its criteria for inclusion, while many pot stocks declined after the Canadian government laid out its marijuana legalization plan.

That said, some mining companies did manage to record gains last week. The five that saw the biggest share price increases were:

  • Katanga Mining (TSX:KAT,OTCMKTS:KATFF)
  • Northern Dynasty Minerals (TSX:NDM,NYSEMKT:NAK)
  • Trilogy Metals (TSX:TMQ,NYSEMKT:TMQ)
  • Marathon Gold (TSX:MOZ,OTCMKTS:MGDPF)
  • INV Metals (TSX:INV,OTCMKTS:ILNLF)

Read on to learn what moved the share prices of those companies last week.

Katanga Mining

Major miner Glencore (LSE:GLEN) has about an 86.33-percent stake in Katanga Mining, which operates a large-scale copper-cobalt mine complex in the Democratic Republic of Congo through two joint ventures; the joint ventures are called Kamoto Copper Company and DRC Copper and Cobalt Project.

The company released no news last week, but its share price nevertheless rose 35.94 percent to end at $0.44. Katanga was also a top-gaining mining stock on the TSX in the week ended April 7.

Northern Dynasty Minerals

Northern Dynasty Minerals’ share price surged 31.52 percent last week after it received a Miscellaneous Land Use Permit for its Pebble project. Pebble is an Alaska-based copper-gold-molybdenumsilver project, and while Northern Dynasty believes it is one of greatest stores of mineral wealth in the world, it has faced significant development hurdles over the past decade.

According to the Financial Post, environmentalists, indigenous people and fishermen have all voiced opposition to Pebble over the years, and ultimately the US Environmental Protection Agency halted the project in 2014. The permit issued last week will allow the project to move forward, although it does come with some conditions — those include a $2-million guarantee related to any potential reclamation liabilities. The company’s share price ended the week at $2.17.

Trilogy Metals

Trilogy Metals’ focus is on advancing exploration at its Upper Kobuk copper-zinclead-gold-silver properties in Alaska. Its most advanced projects in the area are the Arctic polymetallic volcanogenic massive sulfide deposit and the Bornite deposit, a carbonate-hosted copper deposit. Those two projects are located about 25 kilometers apart from one another.

Last week, Trilogy announced that it has granted South32 (ASX:S32) the option to form a 50/50 joint venture to develop its Upper Kobuk properties. Under the agreement, South32 will contribute $10 million to work at the properties for a maximum of three years. It will be able to move forward with the joint venture at any time for a minimum payment of $150 million. The news sent the company’s share price up 26.67 percent, and it ended the week at $0.95.

Marathon Gold

Marathon Gold is focused on its Valentine Lake gold camp in central Newfoundland. It hosts four near-surface, mainly pit-shell constrained gold resources; they are open along strike and to depth, and cover less than 10 percent of the total length of the Valentine Lake thrust fault and associated splay faults.

Last week, the company’s share price jumped 26 percent to end the week at $1.26. The increase came after Marathon announced that it has extended mineralization with visible gold to depths greater than 900 meters at Valentine Lake.

INV Metals

Finally, INV Metals’ share price rose 17.65 percent last week to close at $1. The company is currently developing and exploring its Loma Larga gold property in Ecuador, and completed a preliminary feasibility study for it in 2016. Last week INV Metals did not release any news.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.


This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Harte Gold Soars After Winning Developer of the Year Award

by Charlotte McLeod, April 9, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed Friday (April 7) at 15,667.13 points, down 0.19 percent. 

According to Reuters, the index sank on the back of declines in financial and natural resource shares. Wall Street’s three main indexes also ended the week “well below session highs” due to pressure from a weaker-than-expected US jobs report, Friday’s US missile strike on Syria and comments about the US Federal Reserve’s plan to reduce its balance sheet.

Despite declines across those indexes, a number of TSX-listed mining stocks performed well last week. The five companies that saw the biggest gains were:

  • Katanga Mining (TSX:KAT,OTCMKTS:KATFF)
  • Harte Gold (TSX:HRT,OTCMKTS:HRTFF)
  • Aquila Resources (TSX:AQA,ASX:AQA)
  • Silvercorp Metals (TSX:SVM,OTCMKTS:SVMLF)
  • Osisko Mining (TSX:OSK,OTCMKTS:OSKFF)

Read on to learn what moved the share prices of those companies last week.

Katanga Mining

Major miner Glencore (LSE:GLEN) has about an 86.33-percent stake in Katanga Mining, which operates a large-scale coppercobalt mine complex in the Democratic Republic of Congo through two joint ventures; the joint ventures are called Kamoto Copper Company and DRC Copper and Cobalt Project.

The company released no news last week, but its share price nevertheless rose 44.64 percent to end at $0.41.

Harte Gold

Last week was a busy one for Harte Gold, which is focused on the exploration and development of its Ontario-based Sugar Zone gold property. On April 6, the company announced that it has received the Developer of the Year award from the Northwestern Ontario Prospectors Association. It also said it has begun airborne magnetic and EM surveys at Sugar Zone.

On the back of the news, Harte’s share price jumped 29.63 percent to close at $0.70.

Aquila Resources

Aquila Resources is focused on moving forward with permitting activities at its gold-zinc Back Forty project in Michigan. Like Harte Gold, the company was busy last week — on April 5, it received the third of four necessary permits for Back Forty from the Michigan Department of Environmental Quality. It expects to receive its Wetlands Protection Permit later this year.

The news sent Aquila’s share price up 22 percent last week; it ended at $0.31.

Silvercorp Metals

Silvercorp Metals is a silver producer with multiple mines in China, among other properties. Last week, a subsidiary of the company entered into a royalty purchase and sale agreement with Maverix Metals (TSXV:MMX). Under the agreement, Maverix will acquire a 2.5-percent net smelter return royalty on Silvercorp’s BC-based Silvertip mine for up to 6,600,000 common shares.

The news sent Silvercorp’s share price up 16.45 percent, and it ended the week at $5.38.

Osisko Mining

Finally, Osisko Mining’s share price rose 15.26 percent last week to end at $5.59. The company released three sets of drill results from its Windfall Lake gold project during the period. Notably, it intersected 63.8 g/t gold over 4.4 meters. Osisko plans to complete 400,000 meters of drilling at the project, and work is currently ongoing.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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