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Last week's top-gaining mining stocks on the TSXV were Kiplin Metals, Virginia Energy Resources, Lucky Minerals, Cotec Holdings and Nevada Silver.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) trended higher after ending October on the decline.

The index entered the first trading week of November at 963.96 and had climbed to 980.9 by midday last Friday (November 5). Positivity in the US markets and the S&P/TSX Composite Index (INDEXTSI:OSPTX) reaching an all-time high of 21,465 both aided in the index's rise.

News that the US Federal Reserve will begin tapering its bond-buying program benefited gold, which was reflected in share price upticks for yellow metal producers and explorers.


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

  • Kiplin Metals (TSXV:KIP)
  • Virginia Energy Resources (TSXV:VUI)
  • Lucky Minerals (TSXV:LKY)
  • Cotec Holdings (TSXV:CTH)
  • Nevada Silver (TSXV:NSC)

Here's a look at what may have moved their share prices during the period.

1. Kiplin Metals

Exploration company Kiplin Metals is focused on the strategic acquisition of advanced resource projects and early stage exploration opportunities. Currently the firm is conducting a phase one exploration program at its wholly owned Exxeter gold project, located in Val d'Or, Quebec. In late October, the company's board of directors commenced a strategic review of several uranium projects in the Athabasca region of Saskatchewan, with the intention of expanding Kiplin's project portfolio.

"After considerable consultation with our strategic advisors, the board has determined that, given the deep technical knowledge of our team, combined with the global initiative to transition the world's energy needs away from fossil fuels, the company has initiated a strategic review of several uranium projects in Athabasca, Saskatchewan," Peter Born, director of Kiplin Metals, said in a statement.

Company shares added 55.85 percent by Friday to sit at C$1.15.

2. Virginia Energy Resources

Uranium-focused Virginia Energy Resource holds a 100 percent controlling interest in the advanced-stage Coles Hill uranium project, located in South-Central Virginia.

While the company has not released news since September, uranium has been a key feature in global discourse of late as China and Iran's stockpiling of weapons takes center stage.

Additionally, growing demand for nuclear energy and calls for more robust climate action initiatives have all benefited the uranium spot price, which has risen more than 50 percent year-to-date.

Virginia Energy Resources shares rose 54.03 percent last week, closing at C$0.77.

3. Lucky Minerals

Ecuador-focused Lucky Minerals owns a 100 percent interest in the Fortuna property, located in a highly prospective, yet underexplored, gold belt in Southern Ecuador. The Fortuna project is comprised of 12 contiguous exploration concessions covering 55,000 hectares.

Last week, the exploration company received sample assay results from ongoing work at the Wayka epithermal gold discovery Fortuna.

"The results from Wayka are expanding the footprint of the mineralized intervals," said François Perron, president and CEO. "The system's full extent has yet to be established and work in the field continues. Our understanding of the mineralization is still in the early stages and will continue to improve over the coming weeks as more work is completed at surface." Company shares were up 46.57 percent for the first week of November, closing at C$0.11.

4. Cotec Holdings

Cotec Holdings is a coal exploration company that was formerly called East Coal. The Vancouver-based mineral-focused company has not put out news since announcing the closing of a $500,000 private placement in September. Shares of Cotec rose 42.26 percent last week, ending the trading period at C$0.64.

5. Nevada Silver

Diversified resource company Nevada Silver has two advanced-stage exploration projects: its flagship Corcoran silver-gold project in Nevada, as well as the Emily manganese project in Minnesota.

In mid-October, Nevada Silver retained CHF Capital Markets, a Canadian investor relations and capital markets firm, as its representative. In late Q3, the company updated investors regarding a drill program at Corcoran.

"Drill-testing of the Silver Reef deposit at Corcoran is progressing with the completion of three vertical diamond drill holes of the eight-hole Stage 1 drilling program," notes the late September release.

Nevada Silver shares added 39.58 percent for the first week of November, ending the five day session at C$0.53.

Data for 5 Top Weekly TSXV 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$10 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, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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Kirkland Lake Gold Ltd. today reported that the Company has been advised by the Environmental Protection Authority Victoria of the Victorian Government that the EPA has determined that low-level frequency noise is being emitted by the Fosterville Mine. The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from ...

Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today reported that the Company has been advised by the Environmental Protection Authority ("EPA") Victoria of the Victorian Government that the EPA has determined that low-level frequency noise (in the range of 16-20 Hz) is being emitted by the Fosterville Mine.

The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from the mine. Included within the notices are stated timelines covering a period of just over two months for investigating and resolving the issue of low-frequency noise as well as reporting to the EPA on modifications introduced and new testing completed. In addition, the EPA has indicated to the Company that additional action may be taken by the EPA that could result in restrictions on the use of certain equipment, primarily surface ventilation fans and surface drill rigs in the south portion of the mining lease, during the night, while the remediation period is completed. The potential impact of such measures on the Fosterville operations, should they be introduced, is currently being investigated.

Management at Fosterville has been aware of concerns expressed by residents in recent months regarding low-level frequency noise and has taken steps to evaluate and address these concerns. As part of these efforts, Fosterville commissioned two independent studies on noise levels produced by the mine. The studies were completed by accredited noise and acoustic specialist firms based in Australia, with both studies concluding that all mine generated noise was within regulatory limits.

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Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the " Meeting "), the Company's shareholders voted in favour of the arrangement resolution (the " Kirkland Arrangement Resolution ") approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the " Kirkland Shares ") will be acquired by Agnico Eagle Mines Limited (" Agnico Eagle ") for common shares of Agnico Eagle (the " Agnico Shares ") in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the " Arrangement ").

186,840,773 Kirkland Shares, representing approximately 70.85% of the issued and outstanding Kirkland Shares as at the record date, were voted at the Meeting. The Kirkland Arrangement Resolution was approved by 150,681,106 Kirkland Shares or approximately 80.65% of votes cast by Kirkland Lake Gold shareholders either in person or represented by proxy at the Meeting. The report of voting results will be made available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .

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The resolution was approved by approximately 99.86% of the votes cast by Agnico Eagle shareholders at the Meeting, with a shareholder turnout of 69.62%. Detailed voting results for the resolution are as follows:

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