While the Canadian dollar was on the downward trend, the TSX index was on the way to a 16-month high last week.
The S&P/TSX Composite index (INDEXTSI:OSPTX) was down last week by 1 percent to 14,785.29 points.
Reuters Canada reported on Friday that energy stocks and lower oil prices drove the index down after reaching a 16 month high the week before.
Still, a number of sectors on the index saw firm weekly gains.
Companies that were on the upward swing for the five-day period included:
- Euromax Resources (TSX:EOX)
- Perseus Mining (TSX:PRU)
- Arizona Mining (TSX:AZ)
- Nautilus Minerals (TSX:NUS)
- AuRico Metals (TSX:AMI)
Here’s a look at those companies:
Euromax Resources topped last week’s 5 top TSX stocks for the second week in a row. The company is currently focussing its attention on building and operating the Ilovica-Shutka copper–gold project in Macedonia. In September, the company announced a land acquisition and resettlement framework for further development of the project, which can be read in full here.
Last week, shares of Euromax Resources climbed 18.45 percent to close the five-day period at $0.77 each.
The second top-gaining stock on last week’s TSX was Perseus Mining, whose shares increased 13.31 percent to close the week at $0.60.
The company is currently focused on gold production in West Africa. After acquiring Amara Mining PLC earlier this year, the company has added the Edikan Gold mine and Sissingue and Yaoure projects to its portfolio.
Arizona Mining is currently focused on developing its 100 percent-owned Heromsa project in Arizona. The company’s Taylor Deposit–a lead–zinc-silver-carbonate replacement project–has resource estimates of 39.4 million tonnes grading 11 percent zinc equivalent.
On October 24, the company announced that a new Taylor resource is expected in the next week. With that being said, shares of Arizona Mining increased 9.23 percent last week to $2.84.
Next is Nautilus Minerals, who claims to be the first company to explore the seafloor for sulphide systems, which could potentially lead to high grade copper, gold, zinc, and silver.
The company’s copper-gold project, Solwara 1, is currently under development in the waters near Papua New Guinea after being granted a permit and mining lease. On October 26, Nautilus announced the results of its general meeting, wherein shareholders gave approval for bridge financing.
Over the five-day period, shares of the company rose 9.09 percent to close the week at $0.18.
Last but not least on last week’s 5 top TSX stocks is AuRico Metals, whose assets include the Young-Davidson Gold mine and the Eagle River mine. The company also holds a 100 percent ownership of the advanced stage Kemess Project in British Columbia.
In August, AuRico closed the equity financing and private placement with Alamos Gold (TSX:AGI). Despite AuRico’s shares rising 7.21 percent last week to $1.19, there has been no additional news.
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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.
Editorial Disclosure: Euromax Resources and Arizona Mining are clients of the Investing News Network. This article is not paid for content.
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