Last week’s top-gaining stocks on the TSX were Freegold Ventures, Mandalay Resources, Aura Minerals, Sierra Metals and China Gold International.
Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
- Freegold Ventures (TSX:FVL)
- Mandalay Resources (TSX:MND)
- Aura Minerals (TSX:ORA)
- Sierra Metals (TSX:SMT)
- China Gold International (TSX:CGG)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Freegold Ventures
Freegold Ventures is focused on exploring for copper and gold near Fairbanks, Alaska. The company holds the Golden Summit project and the Shorty Creek project.
The company did not release news last week, but its share price jumped 38.75 percent to end at C$1.11.
2. Mandalay Resources
Mandalay Resources has producing assets in Australia and Sweden, and care and maintenance and development projects in Chile. The company is focused on growing production at its gold and antimony Costerfield operation in Australia, and gold production from its Björkdal asset in Sweden.
Last Monday (June 22), the company provided an update on its regional testing programs and high-grade resource extensions in both the Youle and Aurora orebodies at its Costerfield operation in Victoria, Australia, and its Björkdal operation in Skellefteå, Sweden, respectively.
As a result of the news, Mandalay Resources’ share price went up by 34.51 percent to reach C$1.91.
3. Aura Minerals
Focused on gold and base metals projects, Aura Minerals is a mid-tier producer working on multiple projects in Mexico, Honduras, Colombia and Brazil. The company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico.
Last Wednesday (June 24), the company gave an update on the launch of an initial primary and secondary public offering in Brazil. Its share price jumped 34.02 percent to end the week at C$163.50.
4. Sierra Metals
Sierra Metals is a growing polymetallic mining company with copper production from its Yauricocha mine in Peru and its Bolivar and Cusi mines in Mexico.
Despite not releasing any news last week, Sierra Metals’ share price increased 27.86 percent to C$1.79.
5. China Gold International
China Gold International operates two mines: the CSH gold mine in Mongolia and the Jiama polymetallic mine in Tibet.
Last Tuesday (June 23), the company announced the completion of the issuance of US$300 million in corporate bonds. Last week, shares of China Gold increased 26.79 percent to end at C$0.71.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. Only companies with market capitalizations greater than C$50 million prior to the week’s gains are included. Companies within the non-energy minerals and energy minerals are considered.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.