5 Top TSX Stocks: Exchange Slides on Decrease in Oil and Gold Price

The TSX lost some steam last week as a result of decreases in oil and gold prices.

a big day for biotech

The S&P/TSX Composite index (INDEXTSI:OSPTX) was down last week by 1.78 percent to 14,539.88 points

According to the Globe and Mail, the TSX was down due to a decrease in oil and gold prices and talks of the US Federal Reserves raising rates looming.

However, number of stocks still managed to make gains over the week.

Companies that were up for the week included:

Here’s a look at those companies:

Osisko Mining

Topping last week’s TSX list is Osisko Mining, whose shares rose 33.33 percent to $2.96.

The company is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada.  On September 9, the company announced a $27.5 million bought deal financing.

Arizona Mining

Second on the list is Arizona Mining, a mineral exploration and development company focused on exploring and developing its 100 percent owned Hermosa Project in Arizona, as well as the Taylor Deposit, which is a leadzincsilver carbonate replacement deposit.

On September 8, the company announced its results of HDS_361 from its current program targeting the expansion of the Taylor sulfide deposit located on the Hermosa Project.

Last week, shares of Arizona Mining increased 17.82 percent to close the week at $2.38.

Wellgreen Platinum

Shares of Wellgreen Platinum increased 13.04 percent last week to reach $0.52.

Wellgreen Platinum is focused on advancing its 100 percent owned Wellgreen platinum and nickel project in the Yukon. The company has not released any news since August 15, wherein it announced the appointment of Joe Romagnolo as CFO.

Alamos Gold

Next is Alamos Gold, a gold producer with production from three operating mines: the Young-Davidson Mine in Ontario and the Mulatos and El Chanate Mines in Mexico.

The company is reportedly expected to launch a feasibility study for the Lynn Lake project, with a completion date by September 30, 2017.

Last week, shares of Alamos Gold increased 3.22 percent to $10.25.

Royal Nickel

Last but not least on the TSX top 5 is Royal Nickel, whose shares increased 2.7 percent to $0.38.

The company’s principal assets are the Beta Hunt gold and nickel mine in Western Australia, and the Dumont Nickel Project in Quebec. Royal Nickel also has a 30 percent interest in the producing Reed Mine in Manitoba.

On September 9, Royal Nickel announced a bought deal financing of up to $8 million and then announced an upsize offering of the bought deal financing.

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

Data for 5 Top 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.

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

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