The S&P/TSX Venture Composite Index (INDEXTSI:JX) saw a slight increase last week, rising by 3.32 points to 796.17.
Year-to-date, the index is up 51.46 percent, a jump of 270.51 points total.
The top five gainers for the week were:
- Sarama Resources (TSXV:SWA)
- Cascadero Copper (TSXV:CCD)
- Atacama Pacific Gold(TSXV:ATM)
- Giyani Gold Corp (TSXV:WDG)
- Tintina Resources (TSXV:MQR)
Here’s a closer look at those companies:
First on last week’s TSXV top five list is Sarama Resources, a West African gold explorer with a principal focus in Burkina Faso. On July 19, the company provided an update on results from the second quarter of 2016 drilling campaign in Burkina. Specifically, 43 holes totalling 6,579 meters were completed during the second quarter.
Last week, shares of Sarama Resources rose 120 percent to $0.495. The company did not release any additional news that would have explained its share price increase.
Up next is Cascadero Copper, whose shares rose 81.25 percent last week to $0.145. The company’s year-to-date increase is significantly more, rising 480 percent overall.
Cascadero’s focus is in British Columbia on gold and copper. With respect to the company’s shares, on July 29 it announced the issuing of a press release explaining its activities and progress regarding certain core assets acquired between 2004 and 2013.
Atacama Pacific Gold
Third on last week’s top TSXV list is Atacama Pacific Gold, whose shares increased 95.56 percent for the week to $0.88. Year-to-date, the company has seen strong gains as well, rising 467.74 percent overall.
Atacama Resources is currently focused on developing its 100 percent owned Cerro Maricunga oxide gold depposit. Its prefeasibility study outlines annual gold production over the first eight years of the mine at 281,000 ounces, with projected total gold production of 2.96 million ounces over a 13-year mine life.
Giyani Gold Corp
Last week, Giyani’s shares rose 68.42 percent, a $0.13 increase, to $0.32. Year-to-date, the company has seen gains of 255.56 percent overall. Giyani Gold Corp was incorporated in July of 2007 and is focused on the acquisition, exploration, and development of gold properties in South Africa and Canada.
On July 19, Giyani Gold announced the closing of a non-brokered private placement of 3,450,000 shares at a price of $0.10 each for total proceeds of $345,000.
Closing out last week’s TSXV list is Tintina Resources, who is focused on the development and mining of its 100 percent owned Black Butte Copper Project in Montana. The project has measured and indicated resources of 1.176 billion pinds of copper at an average grade of 3.40 percent, and inferred resources of 140 million pounds of copper.
Over a five-day period, shares of Tintina rose 57.89 percent to $0.15.
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Data for 5 Top TSXV 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 $10 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.
Top TSXV stocks in recent weeks: