That being said, the index fell on Friday (July 21) as oil price weakness weighed on energy stocks, offsetting gold miners’ gains. The gold price also jumped on Friday, and was on track for its biggest weekly increse in two months, boosted by a weaker US dollar.
A number of TSXV-listed stocks in the mining sector saw share price increases during the period. The top gainers are as follows:
- UEX (TSX:UEX)
- Osisko Mining (TSX:OSK)
- Fission Uranium (TSX:FCU)
- Auryn Resources (TSX:AUG)
- Ur-Energy (TSX:URE)
Here’s a look at those companies and the factors that moved their share prices last week.
UEX is an exploration and development company focused on 14 uranium projects located in the eastern, western and northern perimeters of the Athabasca Basin, the world’s richest uranium belt.
The company’s latest news came on June 29, when it announced that a summer drill program at its Christie Lake project is underway. Last week, UEX’s share price spiked 25 percent to close the five-day period at $0.22.
Osisko Mining is focused on the acquisition, exploration and development of precious metals properties in Canada. Its projects include the Windfall Lake and Marban Block gold properties, both located in Quebec, as well as the Ontario-based Garrison gold property.
On July 19, the company released results from an ongoing drill program at Windfall Lake. Over the course of the week, Osisko Mining’s share price increased 11.76 percent to reach $4.37.
Fission Uranium is focused on the exploration and development of its Patterson Lake South uranium property. On July 6, the company began preparations for its summer work program, which will aim to extend a recently discovered high-grade zone and accelerate progress towards the prefeasibility stage.
Over the five-day period, Fission’s share price saw a spike of 11.67 percent to close at $0.67.
Auryn Resources is an exploration company focused on scalable high-grade gold deposits, including the Committee Bay and Gibson MacQuoid gold projects in Nunavut; the Homestake Ridge gold project in BC; and a portfolio of gold projects in Southern Peru
On July 17, the company started a drill program at Homestake Ridge. Its share price jumped 11.4 percent to close the period at $3.42.
Last but not least is Ur-Energy, a uranium company that operates the Lost Creek in-situ recovery uranium facility in South-Central Wyoming. On July 13, the company released its Q2 operational results. Ur-Energy’s share price rose 7.69 percent last week to reach $0.84.
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Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST 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, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.