5 Top Weekly TSX Stocks: Nighthawk Gold Surges on Drill Results

Last week's other top-gaining TSX stocks were Katanga Mining, Hudbay Minerals, Red Eagle Mining and Ivanhoe Mines.

tsx stocks

The S&P/TSX Composite index (INDEXTSI:OSPTX) was slightly up last week at 15,172.38 points, a modest gain of 0.96 percent.

Gold miners led the climb on Friday (July 14), supported by a stronger gold price, according to Reuters. Gold was on track for its biggest weekly gain since mid-May that day, pushed up by weaker-than-expected US economic data.

“Gold is the net beneficiary of this data as investors factor in the impact of the rate hiking cycle,” said Naeem Aslam, chief market analyst at Think Markets. A weaker dollar also supported gains for precious metals, as a softer greenback makes commodities priced in dollars cheaper for buyers using weaker currencies.

Against that backdrop, a number of TSX-listed stocks in the mining sector saw share price increases, including:

  • Nighthawk Gold (TSX:NHK)
  • Katanga Mining (TSX:KAT)
  • Hudbay Minerals (TSX:HBM,NYSE:HBM)
  • Red Eagle Mining (TSX:R)
  • Ivanhoe Mines (TSX:IVN)

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

Nighthawk Gold

Nighthawk Gold is an exploration company focused on acquiring and developing gold properties in the Northwest Territories. The company’s flagship Colomac gold project lies within its Indin Lake property. Brent Cook and Joe Mazumdar of Exploration Insights identified Nighthawk Gold as one of their stock picks earlier this year. 

On July 13, the company announced additional drill results from Colomac. The news sent Nighthawk’s share price up 28.99 percent to close the five-day period at $0.89.

Katanga Mining

Katanga Mining operates a large-scale coppercobalt mine complex in the Democratic Republic of Congo through two joint ventures called Kamoto Copper Company and DRC Copper and Cobalt Project. The company has released no recent news, but last week its share price rose 15.49 percent to reach $0.82. As of last week, Katanga was up nearly 500 percent year-to-date.

Ivanhoe Mines

Middle of the pack on the list is Ivanhoe Mines. The company is advancing three projects in Sub-Saharan Africa: the Platreef platinumpalladium-gold-nickel-copper discovery in South Africa’s Bushveld Complex; the Kamoa-Kakula copper project in the Central African Copperbelt in the DRC; and the Kipushi zinc-copper-silver-germanium mine, also in the Copperbelt.

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The company’s most recent news came on June 29, when it filed an updated mineral resource estimate for the Kakula discovery at the Kamoa-Kakula project. Last week, Ivanhoe Mines’ share price spiked 15.13 percent to close the five-day period at $4.76.

Hudbay Minerals

Hudbay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company’s most recent news is from June 7, when it received the final US Forest Service record of decision for its copper-molybdenum-silver Rosemont project.

Last week, Hudbay’s share price jumped 12.77 percent to close the five-day period at $8.21. It did not release any news that would explain the uptick. 

Red Eagle Mining

Last but not least is Red Eagle Mining, a gold producer focused on discovering, developing and operating gold projects in Colombia. Red Eagle Mining owns 100 percent of the Santa Rosa gold project, where the San Ramon gold mine started commercial production in March.

On July 10, the company announced results from an ongoing drill program at Santa Rose. The news sent Red Eagle’s share price 5.36 percent last week to end at $0.29.

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

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.


5 Top Weekly TSX Stocks: Dundee Gains on Option Agreement for Quebec Gold Project

By Charlotte McLeod, July 10, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) sank to a seven-and-a-half month low last Friday (July 6). 

According to Reuters, US and Canadian jobs data released that day stoked concerns that both countries will hike interest rates in the near future. Canada added 45,300 jobs in June, well above the 10,000 forecast, while US nonfarm payrolls jumped by 222,000 jobs compared to the 179,000 expected.

Despite the index’s poor performance, some TSX-listed mining stocks were able to record small share price increases last week. The five top gainers are as follows:

  • Trilogy Metals (TSX:TMQ,NYSEMKT:TMQ)
  • Minco Silver (TSX:MSV)
  • Dundee Precious Metals (TSX:DPM)
  • Seabridge Gold (TSX:SEA,NYSE:SA)
  • Eastmain Resources (TSX:ER)

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

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Trilogy Metals

Trilogy Metals was the top gainer last week, rising 9.88 percent to end at $0.89. Formerly known as NovaCaopper, the company main assets are the Upper Kobuk mineral projects in Alaska’s Ambler Mining District.

The company did not release any news last week, but it was busy in June. It engaged consultants for a prefeasibility study for its Arctic deposit at the beginning of the month, and later released its latest financial results and began exploration at its Bornite project.

Minco Silver

Like Trilogy, Minco Silver did not release any news last week. Even so, its share price rose 4.31 percent to end the week at $1.13. Most recently, the company released the results of its annual general meeting, noting that Jennifer Trevitt has been appointed vice president corporate affairs.

Minco is focused on its China-based Fuwan silver project, though it is interested in diversifying its portfolio. Few western companies are mining or exploring for silver in China; Silvercorp Metals (TSX:SVM,NYSEMKT:SVM) is one other example.

Dundee Precious Metals

International mining company Dundee Precious Metals currently operates mines in Namibia and Bulgaria, and has exploration assets in Armenia, Bulgaria and Serbia.

Last week, the company’s share price gained 4.29 percent to end at $2.41. Dundee announced last Tuesday (July 4) that it has entered into an option agreement under which it can earn up to a 71-percent stake in Khalkos Exploration’s Quebec-based Malartic gold project. “We are very pleased to be partnering with Khalkos to advance the very exciting Malartic property in Quebec,” said Dundee President and CEO Rick Howes.

Seabridge Gold

Seabridge Gold’s share price increased by 3.8 percent last week to close at $14.02. The company did not put out any news during the period; its most recent release came on June 27, when the Canadian government issued a key authorization for the tailings management facility for the company’s BC-based KSM gold project.

Eastmain Resources

Eastmain Resources is focused on its Clearwater and Eastmain projects, both of which are high-grade gold assets in Quebec’s James Bay region. In total, it holds approximately 1,377 square kilometers in the area, which it says is a new and fertile Canadian mining district.

The company did not release any news last week, but its share price nevertheless rose 3.28 percent to end the period at $0.32.

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

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, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. 

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

Gold Outlook 2017!

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

5 Top Weekly TSX Stocks: Base Metals Stocks Surge on Weaker Dollar

By Priscila Barrera, July 2, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) ended Friday (June 23) down 15,182.19 points, a loss of 0.21 percent. The index has now closed lower for the second month in a row, says Reuters.

Hawkish comments earlier last week from the world’s leading central banks have raised expectations of global monetary tightening. Gold and silver were hurt as investors turned away from non-interest bearing assets, but a weaker dollar supported base metals prices. 

Base metals stocks also did well. The five top-gaining TSX-listed mining stocks last week were:

  • Katanga Mining (TSX:KAT)
  • Arizona Mining (TSX:AZ)
  • Hudbay Minerals (TSX:HBM,NYSE:HBM)
  • Copper Mountain Mining (TSX:CMMC)
  • General Moly (TSX:GMO,NYSEMKT:GMO)

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

Katanga Mining

Katanga Mining operates a large-scale copper-cobalt mine complex in the Democratic Republic of Congo through two joint ventures called Kamoto Copper Company and DRC Copper and Cobalt Project. The company has not released any news recently, but last week its share price rose 27.27 percent to reach $0.63.

Arizona Mining

Arizona Mining is an exploration and development company focused on its wholly owned zinc-leadsilver Hermosa project in Arizona. On June 20, the company announced results from seven exploration holes completed as part of the current drill program at Hermosa. The company has not released any news since then; nevertheless its share price spiked 11.6 percent to close last week at $2.77.

Hudbay Minerals

Middle of the pack last week was Hudbay Minerals, an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company’s most recent news came on June 7, when it received the final US Forest Service record of decision for its copper-molybdenum-silver Rosemont project. Last week, Hudbay’s share price jumped 7.91 percent to close the five-day period at $7.50.

Copper Mountain Mining

Copper Mountain Mining’s flagship asset is the Copper Mountain mine in Southern BC near the town of Princeton. The company also has a strategic alliance with Mitsubishi Materials (TSE:5711), which owns 25 percent of the mine. Copper Mountain’s share price rose 10.53 percent last week to reach $0.84, but it has released no recent news that would explain that gain.

General Moly

Last but not least is General Moly, a company engaged in the exploration, development and mining of molybdenum. General Moly owns an 80-percent interest in the Mount Hope project and 100 percent of the Liberty project, both located in Nevada. Over the five-day period, General Moly saw a share price rise of 6.67 percent to close at $0.48.

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

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.

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

Gold Outlook 2017!

Click here to get a clear perspective on the gold price and what the experts see coming in 2017 with our FREE Special Report (value of $49). Limited time offer. No credit card required.   Get My Free Report  

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