5 Top Weekly TSXV Stocks: Integra Gold Gains on Acquisition by Eldorado Gold

Last week's other top-gaining TSXV stocks were Northern Shield Resources, Fura Gems, Goldcliff Resources and Independence Gold.

weekly TSXV stocks

The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose last week, increasing 0.75 percent to end at 806.9 points.

The market was buoyed by higher oil prices, though gold also fared well last week. The yellow metal gained 0.6 percent to reach $1,253.87 per ounce, its highest level in five weeks. Increased political turmoil in the US and a weaker US dollar are two factors that helped bump up gold during the period.

Against that backdrop, a variety of TSXV-listed mining stocks saw large share price jumps last week. The five top gainers are listed below — as can be seen, many of them are gold-focused companies:

  • Integra Gold (TSXV:ICG)
  • Northern Shield Resources (TSXV:NRN)
  • Fura Gems (TSXV:FUR)
  • Goldcliff Resources (TSXV:GCN)
  • Independence Gold (TSXV: IGO)

Read on for a brief overview of those stocks and what moved their share prices last week. 

Integra Gold

Integra Gold’s main asset is its Lamaque South gold project in Quebec. The company was 13 percent owned by Eldorado Gold (TSX:ELD,NYSE:EGO) until last week, when Eldorado announced plans to buy the remainder of Integra’s shares. The deal is worth about C$590 million, and Lamaque South will be Eldorado’s first asset in Canada. Integra’s share price rose 42.5 percent last week to close at $1.14. 

Northern Shield Resources

Northern Shield Resources is a Canadian platinum-group metals exploration and development company. The firm is focused primarily on the Labrador Trough in Northern Quebec. The company announced on May 5 that it has begun geophysical survey work at its Huckleberry property in that area, and plans to start drilling in June. Last week its share price rose 30.77 percent to close at $0.09.

Fura Gems

Fura Emeralds completed its name change in April and is now known as Fura Gems. The exploration company operates in Canada, Barbados and Colombia. According to Reuters, its assets include the Iron Horse property in BC. Fura Gems’ share price gained 30.65 percent last week to end at 0.41.

Goldcliff Resources

Goldcliff Resources is currently focused on moving forward with permitting at its Pine Grove gold property in Nevada. Pine Grove is a joint venture with Lincoln Mining (TSX:LMG), and Goldcliff also holds the Panorama Ridge gold project and Ainsworth silver project in BC. Goldcliff Resources’ share price stood at $0.20 on Friday, up 29.03 percent from the start of the week.

Independence Gold

Independence Gold is a gold and silver exploration company. The firm has four early stage projects in the Yukon’s White Gold District and one advanced-stage project in BC. The company did not release any news last week, but still saw a share price rise of 24.32 percent to close at $0.23.

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.

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

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


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

5 Top Weekly TSXV Stocks: Monarca Minerals Gains on Financing

By Melissa Shaw, May 14, 2017

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week at 793.64 points, up 0.67 percent.

According to Reuters, the materials group, which includes precious and base metals miners, as well as fertilizer companies, added 1 percent on the back of a higher gold price. The yellow metal reportedly rose 0.3 percent, to $1,227.70 an ounce, after US data revealed that domestic retail sales in April came in below market expectations.

Gold is considered a safe-haven investment, and investors are worried about political instability in the US. In particular, developments related to US President Donald Trump’s firing of FBI Director James Comey late on Tuesday, have raised concerns.

Amid that action, a number of TSXV-listed stocks in the mining sector saw share price increases last week. The top five gainers were:

  • Morro Bay Resources (TSXV:MRB)
  • PNG Gold (TSXV:PGK)
  • Monarca Minerals (TSXV:MMN)
  • Cameo Resources (TSXV:CRU)
  • Transatlantic Mining (TSXV:TCO)

Without further ado, here’s a look at those companies and the factors that moved their share prices last week.

Morro Bay Resources

Morro Bay Resources is a gold and silver exploration company with a 51-percent interest in the Penoles project in Mexico. The company has completed initial resource reports for two separate deposits at the project, and they show significant growth potential.

On May 8, Morro Bay announced that its board has decided to proceed with a consolidation of the company’s common shares. The news sent the company’s share price up 200 percent to end at $0.15.

PNG Gold

PNG Gold is a gold exploration and development company whose main projects are its 100-percent-owned Normanby and the Sehulea exploration licenses on Normanby Island in Papua New Guinea. PNG Gold’s share price rose 38.6 percent last week to end at $0.79; it did not release any news that would explain that increase.

Monarca Minerals

Monarca Minerals is focused on the exploration and development of silver and gold projects in Mexico. Last week, the company completed the first tranche of its previously announced non-brokered private placement financing. Eric Sprott made a major investment in Monarca, buying 7.2 percent of its issued and outstanding common shares on a non-diluted basis for $400,010.

On the back of the news, Monarca’s share price gained 33.33 percent to close at $0.16 last week.

Cameo Resources

Exploration-stage company Cameo Resources holds an interest in the MEG gold property in Tanzania, and is also on the hunt for scandium in Quebec. The company has not released any recent news, but its share price went up 30.43 percent last week to end at $1.50.

Transatlantic Mining

Last on the list is Transatlantic Mining, whose share price rose 29.41 percent last week to close at $0.22. The company is an emerging metals explorer and developer that holds interests in the US Grant gold-silver property and the Monitor copper-gold project; they are located in Montana and Idaho, respectively.

The company did not release any news last week, but on May 1 it satisfied the conditions required to earn an 80-percent stake in Monitor. A few days later, on May 4, it entered into an agreement to acquire the Kearsage claim group in Montana.

Data for 5 Top Weekly 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.

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

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


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

5 Top Weekly TSXV Stocks: Financing Sends Newrange Gold Soaring

By Melissa Shaw, May 6, 2017

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week at 15,582.04 points, up 1.2 percent.

According to Reuters, the index was buoyed by an oil price rebound that came after Saudi Arabia said that Russia will join OPEC members in extending supply cuts. Canadian and US labor market reports also appeared to boost confidence in the market.

Canada’s April jobs report shows that the unemployment rate dropped 0.2 percent, but it disappointed in terms of job growth. Meanwhile, data from the US Department of Labor shows that job growth recovered in April from weak numbers in March. The US unemployment rate dropped to its lowest in 10 years at 4.4 percent. 

Amid that action, a number of TSXV-listed stocks in the mining sector saw share price increases last week. The top five gainers were:

  • Arctic Star Exploration (TSXV:ADD)
  • Newrange Gold (TSXV:NRG)
  • Amex Exploration (TSXV:AMX)
  • Galantas Gold (TSXV:GAL,LSE:GAL)
  • Azimut Exploration (TSXV:AZM)

Without further ado, here’s a look at those companies and the factors that moved their share prices last week.

Arctic Star Exploration

Arctic Star Exploration has several properties spread across Canada’s provinces and territories, from Nunavut and the Northwest Territories to BC and Saskatchewan.

The company’s most recent news came in January, when it said it had begun permitting for a drill program at its BC-based CAP property. CAP has the potential to host rare metals. Since then Arctic Star has released no news; nevertheless, last week its share price rose 43.59 percent to end at $0.28.

Newrange Gold

Formerly known as Colombian Mines, Newrange Gold holds projects in both Colombia and the US. So far in 2017 the company has focused mostly on its Nevada-based Pamlico gold project.

Last week, Newrange closed the second and final tranche of a non-brokered private placement. Between the two tranches, the company raised gross proceeds of $1,545,110. The news sent the company’s share price up 37.5 percent to end at $0.44.

Amex Exploration

Amex Exploration has two main projects: the Quebec-based Perron gold project and the Eastmain River gold properties, also in Quebec.

Last week, the company entered into an option agreement to acquire an undivided 100-percent interest in the Gowan property in Ontario. Gowan is about 16 kilometers from Glencore’s (LSE:GLEN) Kidd Creek mine, which is a world-class copperzinc VMS deposit. Amex’s share price rose 34.55 percent to end at $0.37 on the back of the news.

Galantas Gold

Galantas Gold’s main asset is the past-producing Omagh gold mine in Northern Ireland. It did not release any news last week, but its share price rose 33.33 percent to close at $0.10.

At the end of April, the company halted work at Omagh after the Police Service of Northern Ireland said it would not “provide its required anti-terrorism cover in regard to blasting operations required for mine development.” Galantas’ share price fell precipitously at the time.

Azimut Exploration

Azimut Exploration is focused on gold and base metals properties in Quebec, and has signed more than 30 strategic and option agreements with senior and junior partners in 13 years.

Last week, the company announced results from the first nine holes of a 14-hole exploration program at its Eleonore South gold joint venture project. The program was completed in April, and the best result announced so far is an intercept of 4.9 g/t gold over 45 meters, including 13 g/t gold over 10.5 meters. The release sent Azimut’s share price up 22.22 percent to end the week at $0.33.

Data for 5 Top Weekly 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.

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

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

Editorial Disclosure: Newrange Gold is a client of the Investing News Network. This article is not paid-for content.


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

5 Top Weekly TSXV Stocks: Acquisition by Sandstorm Sends Mariana Resources Soaring

By Melissa Shaw, April 28, 2017

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week at 806.77 points, up 0.79 percent.

According to Reuters, the index was buoyed by strong earnings from a number of natural resource companies, as well as higher commodities prices overall. New Statistics Canada data shows that overall the Canadian economy stalled in February, but analysts believe the country is still poised to meet or exceed the Bank of Canada’s forecast for first-quarter annualized growth.

Against that backdrop, a number of TSXV-listed stocks in the mining sector saw share price increases last week. The top five gainers were:

Without further ado, here’s a look at those companies and the factors that moved their share prices last week.

CaNickel Mining

CaNickel Mining owns the Manitoba-based Bucko Lake nickel mine, and also owns or has under option a further 800 square kilometers worth of properties in the province.

The company has not released any news since last year, but last week its share price rose 135 percent to end at $0.235. It is possible the boost was driven by the news that the government of the Philippines, a major nickel-producing country, plans to issue an order banning open-pit mines.

Letho Resources

Letho Resources is an oil and gas exploration company focused on projects in Africa. Like CaNickel, the company has not released any news so far this year. Even so, its share price jumped 82.86 percent last week to close at $0.32.  

Mariana Resources

Mariana Resources is an exploration and development company focused on copper, gold and silver projects in Turkey, South America and West Africa.

Last week, the company’s share price rose 56.73 percent after it announced that it will be acquired by Sandstorm Gold (TSX:SSL,NYSEMKT:SAND). The companies said the deal will create a “leading mid-tier stream and royalty company” with a diversified portfolio of 155 streams and royalties, including 20 producing, 23 development-stage, 26 advanced exploration-stage and 86 exploration-stage assets. 

Wealth Minerals

Wealth Minerals is an exploration company that is focused primarily on lithium, though it also holds interests in precious and base metals properties. 

Last week, the company’s share price gained 30.77 percent to end at $1.70. It did not release any news during the period, but has had a busy time in April. Earlier in the month, the company executed a non-binding letter of intent to enter into an option agreement to acquire interests in five lithium projects in northern Chile. The company also reported the results of a bathymetric survey at the Laguna Verde project.

Simba Essel Energy

Oil- and gas-focused Simba Essel Energy operates in Europe, Middle East, Africa and the Asia Pacific region. The company did not release any news last week, but over the five-day period its share price rose 15.38 percent to end at $0.075. 

Simba’s most recent news came on April 21, when it announced that its shareholders voted to ratify, confirm and approve two agreements with Essel Group Middle East DMCC that were entered into in 2015.

Data for 5 Top Weekly 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.

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

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

Editorial Disclosure: Wealth Minerals is a client of the Investing News Network. This article is not paid-for content.

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