Precious Metals

Gold Investing

The top gainers on the TSXV last week were Ximen Mining, Antioquia Gold, GoldQuest Mining, Giyani Metals and Bluebird Battery Metals.

Last Friday (June 21), the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell by 2.93 points, or 0.49 percent, to 590.33 points, negating some gains from last week’s quarterly low.

In world news, talk centered on Iran and the US, with reports that US President Donald Trump ordered a strike on the Islamic republic before changing his mind.

The big impact has been on oil, but the news also helped gold climb towards a six year high as investors reacted to the US Federal Reserve’s announcement that it will be maintaining current interest rates.

Unsurprisingly, gold juniors dominated the TSXV last week. Here are the top five gainers this past week:

  • Ximen Mining (TSXV:XIM)
  • Antioquia Gold (TSXV:AGD)
  • GoldQuest Mining (TSXV: GQC)
  • Giyani Metals (TSXV:EMM)
  • Bluebird Battery Metals (TSXV:BATT)

Read on to find out what they have been up to.

Ximen Mining

BC-centric Ximen Mining is the owner of three precious metals projects in the province: Gold Drop and Brett, which are focused on gold, and Treasure Mountain, which is a silver project.

The company released a slew of news last week, first providing an update on its acquisition of the Kenville gold mine in BC, then announcing an C$8 million equity facility to finance exploration of its gold assets. Finally, it reported that an option partner of the company has begun a 32 hole drilling program.

On the TSXV last week, Ximen was rewarded for its activities, with its share price up by 64.1 percent by Friday to C$0.64.

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 80 kilometers from the major city of Medellin, is described by the company as having projected life-of-mine gold production of 150,900 ounces.

The company has not released any news in June, but in May it put out an operations update for Cisneros detailing continued commissioning works on the Cisneros plant.

In Toronto, Antioquia Gold was trading at C$0.03 by last Friday, up by 50 percent.

GoldQuest Mining

GoldQuest Mining is focused on operations in the Dominican Republic in the Caribbean, where it’s developing its Romero project and exploring its Tireo property.

The company has not released any news for a few months, but back in March it announced a grant of stock options.

On the TSXV last week, GoldQuest was up by 40.91 percent, trading at C$0.15 by the end of the week.

Giyani Metals

Giyani Metals is a battery metals-focused exploration company with interests in manganese, specifically its three manganese prospects in the stable jurisdiction of Botswana. Towards the end of last month, the government of Botswana approved the environment management plans for two of the company’s prospects in the country: K.Hill and Otse.

There was no news from Giyani last week, but it recently announced that it has completed metallurgical testing on stockpiles at K.Hill and Otse.

Giyani was trading at C$0.225 on Friday last week, up by 40.63 percent since Monday.

Bluebird Battery Metals

Bluebird Battery Metals is a Canadian company with three assets in Western Australia in the battery metals sector: the cobalt-manganese Ashburton project, the nickelcopper-cobalt-platinum-group metals Canegrass project and lithium tenements formerly owned by Southern Lithium.

Bluebird hasn’t put out any news this month, with previous recent announcements relating to a new director and new board appointments.

In Toronto, Bluebird rose to C$0.23 by last Friday, a gain of 39.39 percent.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST 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 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.


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