5 Top Weekly TSXV Stocks: Sparton Resources Surges on Initial Drill Results

Last week’s top-gaining stocks on the TSXV were Diamond Fields, Virginia Energy, Search Minerals, Corsa Coal and Sparton Resources. 

The S&P/TSX Venture Composite Index (INDEXTSI:JX) rebounded early on Friday (February 12), trending up at 984.41.

In Canada, domestic retail data showed sales fell 1.1 percent to C$52.55 billion in January compared with the previous month.

Gold and silver were trending lower on Friday as the US dollar and US Treasury yields rose. Meanwhile, copper was holding above the US$9,000 per tonne mark.

That said, a number of stocks in the mining sector saw a share price increase including:

  • Diamond Fields Resources (TSXV:DFR)
  • Virginia Energy (TSXV:VUI)
  • Search Minerals (TSXV:SMY)
  • Corsa Coal (TSXV:CSO)
  • Sparton Resources (TSXV:SRI)

Without further ado, here’s a look at the 5 top weekly TSXV stocks.

Diamond Fields Resources

Diamond Fields Resources is an exploration and mine development company with assets in Madagascar and Namibia. In Madagascar it has the Beravina zircon project, and in Namibia it owns a number of offshore diamond-mining licenses.

Diamond Fields did not release any news last week, but its share price saw an increase of 97.92 percent last week to C$0.47.

Virginia Energy

Virginia Energy is a uranium development and exploration company. The company holds a 100 percent controlling interest in the advanced stage Coles Hill uranium project located in south central Virginia, US.

Despite not releasing news last week, shares of Virginia Energy increased 88.89 percent last week to reach C$0.34.

Search Minerals

Search is focused on finding and developing critical rare earths elements, zirconium and hafnium resources within the emerging Port Hope Simpson – St. Lewis district of South East Labrador.

Despite not releasing any company news last week, the company’s share price jumped 78.57 percent to end the week at C$0.25.

Corsa Coal

Corsa Coal is focused on the production of metallurgical coal, which it sells to domestic and international steel and coke producers. The company has mines in both Pennsylvania and Maryland.

Last week, Corsa Coal’s share price increased 59.65 percent over the five-day period to trade on Friday at C$0.45.

Sparton Resources

Sparton currently holds interests in two exploration prospects. The Bruell property in Quebec, which hosts a new gold discovery, has been optioned to Eldorado Gold, which owns the nearby producing Lamaque Mine. The Oakes gold property in Ontario is the current focus of the company’s exploration drilling program. Sparton also holds an interest in VRB Energy, a private vanadium battery company.

On March 19, the company published initial drilling results for work completed in late 2020 at the Oakes gold project. Last week, Sparton’s share price jumped 56.25 percent to trade at C$0.12.

Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using Trading View using Stock Screener. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within energy minerals and non-energy minerals sectors are considered.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Featured
YAMANA GOLD INC. is pleased to announce it has received the permit at its Jacobina mine to increase throughput to 10,000 tonnes per day . Throughput is expected to reach 8,500 tpd by the second quarter of 2022. At this processing rate production at Jacobina will increase through the second half of 2022 with a full year at a production level of 230,000 ounces per year beginning in 2023. The Company is also reporting ...

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") is pleased to announce it has received the permit at its Jacobina mine to increase throughput to 10,000 tonnes per day ("tpd"). Throughput is expected to reach 8,500 tpd by the second quarter of 2022. At this processing rate production at Jacobina will increase through the second half of 2022 with a full year at a production level of 230,000 ounces per year beginning in 2023.

The Company is also reporting particularly strong operating performance from El Peñón and Cerro Moro, both of which were planned to have higher production in the last several months of the year as they sequenced into higher grade zones, all of which supports the Company's previous guidance that fourth quarter production will exceed 270,000 gold equivalent ounces ("GEO") (1 ) and annual production will exceed overall 2021 guidance of 1,000,000 GEO (1 ) . Fourth quarter all-in sustaining costs ("AISC") (2) are also expected to be the lowest of the year and are estimated to be approximately $980 per GEO (1 ) or lower, which is 7% below AISC (2) reported for the prior three quarters.

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Newmont Corporation announced today the pricing of its public offering of $1.0 billion aggregate principal amount of 2.600% sustainability-linked senior notes due 2032 . Subject to customary conditions, the offering is expected to close on December 20, 2021. The offering is being made pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission. The Notes will be senior ...

Newmont Corporation (NYSE: NEM, TSX: NGT) ("Newmont" or the "Company") announced today the pricing of its public offering of $1.0 billion aggregate principal amount of 2.600% sustainability-linked senior notes due 2032 (the "Notes"). Subject to customary conditions, the offering is expected to close on December 20, 2021. The offering is being made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission.

The Notes will be senior unsecured obligations of the Company and will rank equally with the Company's existing and future unsecured senior debt and senior to the Company's future subordinated debt. The Notes will be guaranteed on a senior unsecured basis by the Company's subsidiary Newmont USA Limited.

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Newmont Corporation announced today that it has commenced offers to purchase for cash any and all of the outstanding 3.700% Notes due 2023 issued by Newmont and 3.700% Notes due 2023 issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont . The following table sets forth the material pricing terms for each Offer: In connection with the Newmont Notes Offer, Newmont is soliciting consents from holders of the ...

Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM, TSX: NGT) announced today that it has commenced offers to purchase for cash any and all of the outstanding (i) 3.700% Notes due 2023 (the "Newmont Notes") issued by Newmont (the "Newmont Notes Offer") and (ii) 3.700% Notes due 2023 (the "Goldcorp Notes" and, together with the Newmont Notes, the "Notes") issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont ("Goldcorp") (the "Goldcorp Notes Offer" and, together with the Newmont Notes Offer, the "Offers" and each, an "Offer"). The following table sets forth the material pricing terms for each Offer:

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MARKETS

Markets
TSX21152.52+291.42
TSXV917.16+19.46
DOW35652.79+425.76
S&P 5004676.90+85.23
NASD15645.21+420.06
ASX7245.10+3.90

COMMODITIES

Commodities
Gold1786.44+5.78
Silver22.52+0.15
Copper4.340.00
Palladium1850.50-0.50
Platinum956.50+14.50
Oil71.47+1.98
Heating Oil2.22+0.05
Natural Gas3.73+0.08