5 Top TSX Stocks: Arizona Mining Tops the List

- August 21st, 2016

Arizona Mining topped last week’s TSX list, followed by Marathon Gold, Coro Mining, NGEx Resources and Paladin Energy.

The S&P/TSX Composite index (INDEXTSI:OSPTX) was down last week by 0.06 percent to 14,687.46 points.
The exchange dropping was in part due to a rise in the US dollar putting pressure on commodity prices, according to the Globe and Mail.
Still, a number of stocks saw some minor gains over the week.
Companies that were up for the week included:

  • Arizona Mining (TSX:AZ)
  • Marathon Gold (TSX:MOZ)
  • Coro Mining (TSX:COP)
  • NGEx Resources (TSX:NGQ)
  • Paladin Energy (TSX:PDN)

Here’s a look at those companies:

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Arizona Mining

Arizona Mining is currently focused on exploring and developing its 100 percent owned Hermosa Project in Arizona. The Taylor Deposit is a leadzincsilver carbonate replacement deposit with a resource of 39.4 million tonnes in the Inferred Mineral Resource.
Last week, the company announced results of further three exploration drill holes at the Taylor deposit, including 24 feet grading 22.4 percent zinc, 24.5 lead, 0.41 percent copper and 13.3 opt silver.
Over a five-day period, Arizona Mining’s shares rose 25.45 percent to reach $2.07.

Marathon Gold

Next on the list is Marathon Gold, who is currently focused on the Valentine Lake property in Newfoundland. Late in the week, the company announced that 1,725,000 share purchase warrants at $0.75 with an expiry of August 21, 2016.
Marathon Gold’s shares increased 14.93 percent to close the week out oat $0.77.

Coro Mining

Coro Mining came in third in last week’s TSXV top five, whose shares rose 5.71 percent to $0.185. The company is a precious metals based company with deposits in Latin America.
Most recent company news was released August 8, wherein Coro Mining provided an update on its copper Marimaca Project located in Chile.

NGEx Resources

NGEx Resources is currently exploring projects in chile and Argentina—the Project Constellation and Filo del Sol—both copper-gold-silver projects. Last week, the company announced the spin-out of its wholly-owned Filo del Sol property into a wholly-owned subsidiary of a Plan Arrangement under the Canada Business Corporation Act.
Last week, shares of NGEx rose 11.48 percent to finish the week off at $1.36.

Paladin Energy

Closing out last week’s TSX list is Paladin Energy, whose shares increased 9.09 percent to $0.18.
The company is a uranium production company with projects in Australia, and two mines in Africa.
Don’t forget to follow us @INN_Resource for real-time news updates.

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Data for 5 Top TSX Stocks articles is retrieved each Friday after market close 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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
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