The top gainers on the TSX last week were Northern Dynasty Minerals, New Gold, Avesoro Resources, Excellon Resources and Oryx Petroleum.
Meanwhile, the G20 took place and investors in Canada held their breath watching the US and China, hoping that they could somehow resolve their trade dispute, which has wreaked havoc on commodities.
The top gainers on the TSX last week were a healthy medley of miners with different focuses, from copper to gold to oil:
- Northern Dynasty Minerals (TSX:NDM)
- New Gold (TSX:NGD)
- Avesoro Resources (TSX:ASO)
- Excellon Resources (TSX:EXN)
- Oryx Petroleum (TSX:OXC)
Read on to find out what each company has been up to in recent weeks.
Northern Dynasty Minerals
The company was relishing more good news for its project on Wednesday (June 26) after the US Environmental Protection Agency announced it is going to reconsider a 2014 decision that effectively killed the project.
The company’s shares were up by a solid 35 percent over last week, rising to C$0.81 by Friday.
Intermediate gold-mining company New Gold has producing assets in Canada and Mexico, though it bills itself as Canada focused, with three Canadian projects, including the producing Rainy River and New Afton mines.
It must have been received well; in Toronto last week, New Gold was trading up by 24.75 percent on the TSX, reaching C$1.26 by Friday.
Avesoro Resources is a West Africa-focused gold-mining company, with operating assets in Liberia, which is host to its flagship New Liberty mine, and Burkina Faso.
In news for the company, it announced the filing of a NI 43-101 technical report for its Youga gold mine in Burkina Faso, saying the report supports the company’s claim that it has increased the mineral reserves of Youga by 23 percent.
Avesoro was up by 23.81 percent in Toronto last week, reaching C$1.04.
Excellon sits on what it claims is Mexico’s highest-grade silver mine, the La Platosa mine in Durango state.
News from Excellon this month has been corporate, with the appointment of Anna Ladd-Kruger as its new CFO and vice president of corporate development. Ladd-Krugar was previously the CFO of Trevali Mining (TSX:TV,OTCQX:TREVF).
Excellon’s shares were up by 19.28 percent last week, reaching C$0.99.
Oryx Petroleum is an international oil company established in 2010. It has a number of assets, projects and wells in the Kurdistan region of Iraq, the Democratic Republic of Congo and Senegal.
The company’s shares were trading at C$0.30 by last Friday, up 15.38 percent over the previous week.
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 $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.