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Last week’s top-gaining mining stocks on the TSXV were Antioquia Gold, White Gold, CGX Energy, Zonte Metals and Juggernaut Exploration.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was flat on Friday (October 5), falling by 0.14 points, or 0.02 percent, to 702.89.
In the news las week, gold crept up, while the base metals appeared to be dragging themselves up from rock bottom.
News outside mining has been mostly about internal US politics as we march towards the midterms, while out in the world, China had been reminding its neighbours yet again it’s not all about the Belt Road Initiative in a tussle with the US Navy in the South China Sea.
In light of everything happening in mining and beyond, here the Investing News Network takes a look at how junior miners were faring on the TSXV last week. Below are the top five gainers.
- Antioquia Gold (TSXV:AGD)
- White Gold (TSXV:WGO)
- CGX Energy (TSXV:OYL)
- Zonte Metals (TSXV:ZON)
- Juggernaut Exploration (TSXV:JUGR)
Scroll down to read about what each company has been up to recently.
Antioquia Gold
Colombia-focused gold explorer and developer Antioquia Gold sits atop its flagship project, the Cisneros project in the Antioquia Department of Colombia.
The Cisneros project, some 80km from the major city of Medellin is described by the company as having a projected life-of-mine gold production of 150,900 ounces of gold.
The project was the subject of the company’s latest press release, albeit way back in September, which was an update on mine development and construction of two mines at the project – Guaico and Guayabito.
Despite the stale news, the company has seen sustained interest in its shares – over the past week Antioquia has seen its share value increase by 40 percent on the TSXV to C$0.035.
White Gold
Named for the Yukon district it has claims in, White Gold is the largest landholder in the White Gold district at 390,000 hectares, or 40 percent of the entire area.
It describes its properties as ranging from grass roots to advanced exploration projects, including the flagship White Gold property with a mineral resource of 961k indicated and 282.5k inferred ounces of gold.
This week, the company posted positive drill results at its nearby Ross property in Yukon, 25 km north of the White Gold property, highlighting 23.44 grams per tonne of gold and 145 grams per tonne of silver over 24.38m.
In Toronto the company’s share price jumped by 33.07 percent to C$1.69 by Friday (October 5).
CGX Energy
Oil and gas explorer CGX Energy has assets in the Guyana-Suriname basin of South America where it holds three licenses: 2 offshore and 1 onshore.
The company says the basin is a good place to be working, claiming its 15th in the world for undiscovered oil and gas potential, with 117 fields that have over a million barrels of recoverable oil, 24 fields with over a 100 million barrels, and 6 fields with over 500 million barrels.
While there was no news this week (or this month), the company’s most recent release was a quarterly highlights report where the company detailed its works in Guyana.
On the TSXV, CGX Energy was trading at C$0.33, up 29.41 percent for the week.
Zonte Metals
Canadian gold-copper explorer and developer Zonte Metals has two focus projects on the go – on the opposite sides of Canada.
This week the company announced it had discovered extensive mineralization at its Dunns Mountain target on the Cross Hills project in Newfoundland, with 26 samples averaging 1.37 percent copper, 16.2 grams per tonne of silver and 0.17 g/t of gold.
On the TSXV, the company’s share value increased by 28.81 percent to C$0.38 by Friday.
Juggernaut Exploration
Focused on northwest British Columbia, Juggernaut Exploration has two properties to play with – the Empire property and the Midas property – both are gold properties with multiple targets being explored by the company.
On that, while the company hasn’t released any news since August 7, that release was about its inaugural drill campaign at the Midas property where it said it was targeting multiple new discovery zones.
News must be on the way, as in Toronto the company’s share price increased by 27.08 percent to C$0.305 over the week.
Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the 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.
Editorial Disclosure: White Gold is a client of the Investing News Network. This article is not paid-for content.
