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The top gainers on the TSX last week were Oryx Petroleum, GoGold Resources, Argonaut Gold, MAG Silver and Centamin.
Canada’s S&P/TSX Composite Index (INDEXTSI:OSPTX) was up by 23.79 points last week, reaching 16,599.89 by Friday (April 26).
News around the world was very varied, with the American political theater dominated by Joe Biden’s candidacy for president, unrest in Sri Lanka following terrorist attacks and a comedian voted in as the prime minister of Ukraine.
On commodities, gold clocked its first weekly gain in over a month, while base metals came out of the Easter holidays on a down.
Keeping that in mind, here are the top five gainers on the Toronto Stock Exchange from last week:
- Oryx Petroleum (TSX:OXC)
- GoGold Resources (TSX:GGD)
- Argonaut Gold (TSX:AR)
- MAG Silver (TSX:MAG)
- Centamin (TSX:CEE)
Scroll on to learn about what each of these companies has been working on in the last few weeks.
Oryx Petroleum
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.
Its latest news was in mid-March, when it released its 2018 financial and operational results, detailing a 97 percent increase in production and a 160 percent increase in revenues.
In Toronto, Oryx was up by a whopping 90.48 percent last week, trading at C$0.40 by Friday, despite no news in April.
GoGold Resources
Gold and silver producer GoGold Resources has properties and interests in Mexico, including the Parral tailings project in Chihuahua state, which has 21.3 million tonnes of tailings left over from 230 years of mining.
The company’s most recent news was just last week, when it announced drill results from its recently acquired Los Ricos property, also in Mexico.
With that news, GoGold was up by 15.79 percent on the Toronto Exchange, reaching C$0.33 by the end of the week.
Argonaut Gold
Argonaut Gold has assets primarily in Mexico, where it has two operating gold and silver mines as well as two advanced exploration projects. Earlier this year, it also announced that it had received a go-ahead from the Canadian government for its Magino gold project in Ontario.
In mid-April, the company announced that it expects to release its Q1 2019 update after market close on May 1. On the TSX, Argonaut was up by 14.11 percent, trading at C$1.86 on Friday.
MAG Silver
MAG Silver is a silver and gold developer focused on its Juanicipio joint venture in Mexico, in which it is the junior partner.
In mid-April, MAG Silver announced that the project had received joint approval from the boards of both companies involved. Last week, MAG Silver was up by 12.63 percent, trading at C$13.82 by Friday.
Centamin
Centamin is a gold mining company with a producing asset, the Sukari mine in Egypt, which has been in production for only a decade. The company also has exploration interests in Burkina Faso and Côte d’Ivoire.
Last week, Centamin released its Q1 2019 results, which show that the company produced 116,183 ounces of gold in the first quarter, above its forecast of 105,000 to 115,000 ounces.
By last Friday, Centamin’s shares had increased by 8.16 percent, reaching C$1.59 by the end of the 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.
