Precious Metals

5 Top Weekly TSX Performers: Gold Stocks Surge

Last week's top-gaining stocks on the TSX were Athabasca Oil, Orla Mining, Mountain Province Diamonds, Aris Gold and Marathon Gold.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 21,581.98 by midday on Friday (November 12).

The index edged up on the last day of the week supported by healthcare and tech stocks.

On Friday, gold paused a six-day rally with sister metal silver also falling as investors locked in gains.


Last week's five TSX-listed mining stocks that saw the biggest gains are as follows:

  • Athabasca Oil (TSX:ATH)
  • Orla Mining (TSX:OLA)
  • Mountain Province Diamonds (TSX:MPVD)
  • Aris Gold (TSX:ARIS)
  • Marathon Gold (TSX:MOZ)

Here's a look at those companies and the factors that moved their share prices last week.

Athabasca Oil

Alberta-based energy company Athabasca Oil is focused on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the company has a significant land base of extensive, high quality resources.

Last week, shares of Athabasca Oil increased 33.03 percent, trading at C$1.45 by the end of the week.

Orla Mining

Orla is developing the Camino Rojo oxide gold project, an advanced gold and silver open-pit and heap leach project that is located in Zacatecas State, Central Mexico. The project is 100 percent owned by Orla and covers over 160,000 hectares.

Last week, Orla Mining shares of the company increased 30.48 percent, to end at C$5.48.

Mountain Province Diamonds

Mountain Province Diamonds holds an interest in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho Kué, a joint venture between the company and De Beers, which is owned by Anglo American (LSE:AAL,OTCQX:AAUKF), is one of the world's largest new diamond mines.

On November 12, the company published its financial and operating results for the third quarter. Over the five-day period, shares of Mountain Province Diamonds increased 27.84 percent to end the week at C$0.62.

Aris Gold 

Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is under way, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada.

On November 11, the company announced that it plans to start the construction of the Marmato Lower mine and reported an increased mineral resource estimate. Last week, Aris Gold saw its share price increase 27.66 percent to C$1.80.

Marathon Gold

Toronto-based gold company Marathon Gold is advancing its 100 percent-owned Valentine gold project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world.

On November 10, the company released its third quarter results. Last week, shares of Marathon Gold increased 26.85 percent, trading at C$3.26 by the end of the week.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 11:00 a.m. EST using TradingView's stock screener. Only companies with market capitalizations greater than C$50 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals 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
Kinross Gold Corporation is pleased to announce today that it has entered into a definitive agreement with Great Bear Resources Ltd. to acquire all of the issued and outstanding shares of Great Bear through a plan of arrangement . Through the Transaction, Kinross will acquire Great Bear’s flagship Dixie project located in the renowned and prolific Red Lake mining district in Ontario, Canada. The Dixie project is ...

(This news release contains forward-looking information about expected future events and performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located at the end of this release.)

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") is pleased to announce today that it has entered into a definitive agreement (the "Agreement") with Great Bear Resources Ltd. (TSX-V:GBR) ("Great Bear") to acquire all of the issued and outstanding shares of Great Bear through a plan of arrangement (the "Transaction").

read more Show less
Twiga Minerals Corporation a joint venture between Barrick and the Government of Tanzania, has announced the acquisition of new prospecting licences in Tanzania by Bulyanhulu Gold Mine Limited a subsidiary of Barrick. Bulyanhulu has entered into a binding agreement with Barrick Gold Corporation Tembo Gold Corp. the Mineral Industry Promotion and Consulting Company Limited a wholly-owned subsidiary of Tembo, dated ...

All amounts expressed in US dollars unless stated otherwise

Twiga Minerals Corporation (" Twiga "), a joint venture between Barrick and the Government of Tanzania, has announced the acquisition of new prospecting licences in Tanzania by Bulyanhulu Gold Mine Limited (" Bulyanhulu "), a subsidiary of Barrick.

read more Show less
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.

read more Show less

MARKETS

Markets
TSX21077.35-85.30
TSXV924.67+4.12
DOW35754.75+35.32
S&P 5004701.21+14.46
NASD15786.99+100.07
ASX7405.40+91.50

COMMODITIES

Commodities
Gold1783.86+0.49
Silver22.41-0.02
Copper4.37-0.03
Palladium1871.27+24.27
Platinum960.00+3.00
Oil72.94+0.58
Heating Oil2.27+0.01
Natural Gas3.85+0.03