5 Top TSX Stocks: Aureus Mining Gains 37.5 Percent as New Liberty Opens

The S&P/TSX Composite index (INDEXTSI:OSPTX) closed Friday down 263.33 points at 13,472.67 points. According to The Canadian Press, the index is down nearly 13 percent from April, when it was above 15,000 points. 
The news outlet notes that nearly all sectors on the index closed lower, and states that the latest losses came “after fresh economic data indicating a slowdown in China’s economy raised concerns about global growth prospects.”
Nevertheless, some TSX-listed stocks managed to gain this week. Aureus Mining (TSX:AUE,LSE:AUE) was the top riser, and it was followed by Seabridge Gold (TSX:SEA,NYSE:SA), Franco-Nevada (TSX:FNV,NYSE:FNV), New Gold (TSX:NGD,NYSEMKT:NGD) and B2Gold (TSX:BTO,NYSEMKT:BTG). Here’s a look at what moved the share prices of those companies this week.

Aureus Mining

This week, Aureus Mining’s share price rose 37.5 percent to end at $0.55. The company is focused on the exploration and development of gold deposits in Liberia and Cameroon, and on August 18 the government ceremonial opening and gold pour for its New Liberty gold mine took place. New Liberty is located in Liberia, and the country’s president attended the opening with a governmental delegation.
For the first six years that it operates, New Liberty is expected to put out 119,000 ounces of gold at an average grade of 3.6 g/t. Over the course of the mine’s eight-year life it should produce a total of 859,000 ounces of gold.

Seabridge Gold

Seabridge Gold’s share price rose 19.21 percent last week to end at $8.75. The company was also a top gainer on the TSX last week, when its share price ended at $7.34, up 23.78 percent.
The company, whose main asset is its British Columbia-based KSM project, one of the world’s largest undeveloped gold projects, has not released any news since August 13, when it filed on SEDAR its report to shareholders, financial statements and management discussion and analysis.

Franco-Nevada

Unlike the other companies on this list, Franco-Nevada is not a traditional mining company. Instead, it’s a gold-focused royalty and streaming company. That means it doesn’t operate mines, develop projects or conduct exploration; rather, it manages and grows a portfolio of royalties and streams.
Franco-Nevada didn’t release any news this week, but its share price nevertheless rose 16.28 percent to end at $9.50. Most recently, on August 10, the company reported its Q2 2015 financial results, noting that its total revenues came to $109.4 million. Meanwhile, its net income clocked in at $21.6 million, while its adjusted net income came to $22.9 million.

New Gold

Intermediate gold miner New Gold has four producing assets and three significant development projects. This week, its share price rose 15.38 percent to close at $0.30.
The company released no news this week that would explain its share price rise. Its last piece of news came out at the end of July, when it announced its Q2 2015 operational and financial results. New Gold said that it achieved gold production of 86,442 ounces, copper production of 23.6 million pounds and silver production of 0.4 million ounces. Revenues came to $16.7 million, and the company incurred an adjusted net loss of $1.3 million.

B2Gold

Finally, B2Gold’s share price rose 13.51 percent last week to end at $1.68. The company has four operating mines, as well as a selection of exploration and development projects.
Most recently, on August 13, the company released its operational and financial results for the second quarter of 2015, commenting that consolidated gold production came to 121,566, a new record. Gold revenues came to $136.5 million on sales of 114,423 ounces at an average price of $1,193 per ounce.