The Conversation (0)
Last week, a number of junior resource companies on the Toronto Venture Stock Exchange experienced gains in share prices.
Lincoln Mining Corp (TSXV:LMG)
Vancouver-based precious metals company, Lincoln Mining, saw its share prices increase 81.82 percent last week, to trade at a $0.20. The company hasn’t had any recent news since August 21, when it was announced that one of its Mexican projects, La Bufa, was being sold to Endeavor Silver Corp. The La Bufa property covers 2,311 hectares of land over a 5.6 mile length. It is part of the El Rosario vein system, which has produced 2 million ounces of gold and 28 million ounces of silver.
Los Andes Copper (TSXV:LA)
Los Andes Copper saw its shares rise 15 percent to reach $0.23 per share, however, the company has made no recent announcements since June 17. It owns mining operations in Latin America, and focuses particularly on advanced stage copper deposits. Currently, it is mining in the Vizcachitas porphyry copper–molybdenum project, which is 80 miles from Santiago, Chile.
Macusani Yellowcake (TSXV:YEL)
Last week, Peru-focused Macusani Yellow Cake announced an agreement with Azincourt Uranium (TSXV:AAZ) to acquire Azincourt’s uranium properties adjacent to its own on the Macusani Plateau.
“Under the Definitive Agreement, Macusani has agreed to acquire 100 percent of Azincourt’s subsidiary Minergia SAC in consideration for the issuance to Azincourt of 68,350,000 common shares of Macusani,” Azincourt stated in a press release.
On the back of the news, Macusani’s shares price climbed 14.29 percent to reach $0.08.
Anfield Resources (TSXV:ARY)
Anfield Resources saw a 13.33 percent increase in its share price last week, capping off the first week in September at $0.51 per share. The increase comes following an announcement that the company will be presenting at the Rodman and Renshaw Global Investment Conference, taking place from September 8 through September 10 in New York. Previously, the company announced the acquisition of Shootaring Canyon uranium mill in Garfield County, Utah, which holds uranium assets estimated to be 6.8 million pounds. This means the company will have a more than 250 percent increase of uranium asset acreage.
Auryn Resources (TSXV:AUG)
While no recent news bolstered Auryn Resources last week, the company’s share price was up 10 percent to reach $0.77 per share. The company focuses on project acquisition and development dealing with mining assets in South America. On August 18, Medinah Minerals reported that its Chilean subsidiary, Medinah Mining Chile, has been given a schedule by Auryn Resources for exploration and drilling activities for the Altos de Lipangue group of claims near Santiago. The company has already started drilling into the Gordon Breccia claim.