5 Top TSX Stocks: Stocks Rise on US Jobs Data

- September 4th, 2016

The TSX in part gained on the US jobs data showing that employment growth slowed more in August than anticipated, which may put a hold on the Feds raising interest rates later in September.

The S&P/TSX Composite index (INDEXTSI:OSPTX) was up last week by 1.15 percent to 14,795.70 points.
According to the Globe and Mail, the TSX in part gained on the US jobs data showing that employment growth slowed more in August than anticipated, which may put a hold on the Feds raising interest rates later in September.
With that in mind, a number of stocks also made some gains over the week.
Companies that were up for the week included:

Here’s a look at those companies:

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Dalradian Resources

Dalradian Resources is a gold development and exploration company focused on advancing its high-grade Curraghinalt gold project in Northern Ireland. On August 31, the company released its grade reconciliation study showing an increase of 12 percent in grade and 16 percent in ounces within a portion of the V-75 vein.
Last week, shares of the company rose 12.78 percent over the five-day period–an increase of $0.17–to $1.50.

Lydian International

Up next is Lydian International, who wholly owns the Amulsar Gold Project, which is expected to be Armenia’s largest gold mine. Total estimated resources are 5 million ounces of gold with target production of 200,000 ounces annually.  Last week, the company announced the extension of the availability period for the second deposit.
Over the five-day period, shares of Lydian increased 12.64 percent to $0.49.

Imperial Metals

Shares of Ivanhoe Mines rose 9.58 percent last week to finish off at $1.83.
The company has three key development projects: the Platreef in South Africa, which is focused on platinum, nickel, copper and gold; the Kamoa in the Congo, which is Africa’s largest high-grade copper discovery; and the Kipushi, also in the Congo, which is a high-grade copper and zinc mine.

Balmoral Resources

Next is Balmoral Resources, an exploration company focused on high-grade gold and base metal assets in Canada. On August 29, the company announced it had gold recoveries of 99.5 percent and 96.3 percent from initial metallurgical test work done at its Northshore Property in Ontario.
Over the five-day period, shares of Balmoral Resources increased 8.41 percent to close the week out at $1.16.

Osisko Mining

Last but not least, is Osisko Mining, whose shares rose 8.11 percent to $2.40.
The company is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada.  On August 31, Osisko announced new results from its 100 percent owned Windfall gold lake project. Earlier in the week, the company also announced a new gold discovery from its exploration drill program on its 100 percent owned Urban-Barry Project in Quebec.
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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