The top gainers on the TSX last week were Nevada Copper, Jaguar Mining, Trilogy Metals, Wallbridge Mining and Capstone Mining.
Looking at commodities stocks, here are the top five gainers in the resources space on the TSX last week:
- Nevada Copper (TSX:NCU)
- Jaguar Mining (TSX:JAG)
- Trilogy Metals (TSX:TMQ)
- Wallbridge Mining (TSX:WM)
- Capstone Mining (TSX:CS)
Read on to find out about what each company has done recently.
Canada-listed and Nevada-focused soon-to-be copper producer Nevada Copper owns the Pumpkin Hollow project near the town of Yerington in Western Nevada, an asset it has been developing for some time now, and one that reached a long-awaited milestone this past week.
Last Monday (December 16), the company commenced first production at Pumpkin Hollow, with the first shipment of concentrate and first revenues expected in the coming weeks. Ramp up to full-scale commercial production at the underground mine will occur through H1 in 2020.
The news earned the company a bump on the TSX, with Nevada Copper’s share price increasing by 24.45 percent to C$0.35 by last Friday. At the beginning of November, Nevada Copper was trading at C$0.19.
Jaguar Mining bills itself as a gold exploration, development and production company with assets in the prolific mining state of Minas Gerais in Brazil.
There was no news from the company last week, but the week before it announced changes to its board of directors, with a new chairman of the board elevated from a director position.
On the TSX last week, the company enjoyed gains, rising by 19.23 percent to C$0.16 by last Friday.
Last Thursday (December 19), Trilogy had big news, announcing that it is partnering with Australian BHP’s (ASX:BHP,NYSE:BHP,LSE:BLT) spinoff South32 (ASX:S32,JSE:S32,OTC Pink:SHTLF) to form a joint venture (JV) at the Upper Kobuk mineral projects.
According to Trilogy, it will contribute all of its assets associated with the Upper Kobuk mineral projects, while South32 will fork out US$145 million to the JV.
Trilogy Metals was trading up by 13.6 percent through to the end of last week to reach C$3.09 by Friday.
Explorer and developer Wallbridge Mining has a set of projects in Quebec that it hopes to develop.
On Thursday, the company closed a C$7.9 million private placement, with the proceeds to go towards advancing the Fenelon gold project and pursuing additional advanced-stage projects.
On the TSX last week, Wallbridge was trading up by 10.84 percent to reach C$0.92 by Friday.
Capstone Mining is a Canadian base metals-producing company with two copper mines — Pinto Valley and Cozamin, located in the US and Mexico, respectively — along with the Santo Domingo development project in Chile.
Cozamin was the subject of the company’s most recent release, in which it announced it has intercepted 20 meters of 2.2 percent copper.
On the TSX, Capstone was trading at C$0.73 by last Friday after rising by 10.61 percent over the previous five days of trading.
Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. Only companies with a market capitalization greater than C$50 million prior to the week’s gains are included. Companies within basic materials and energy sectors are considered.
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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Nevada Copper is a client of the Investing News Network. This article is not paid-for content.