5 Top TSX Stocks: Sabina Gold & Silver Gains on FEIS Milestone

Last Friday, the S&P TSX Composite index (INDEXTSI:OSPTX) fell 226.64 points, or 1.74 percent, to close at 12,789.95 points. That’s its lowest level in two years, according to Reuters, and the fall was largely due to a decline in energy stocks. 
That said, some resource-focused companies did well last week. The top gainer was Sabina Gold & Silver (TSX:SBB), and it was followed by Osisko Gold Royalties (TSX:OR), Ur-Energy (TSX:URE,NYSEMKT:URG), Dalradian Resources (TSX:DNA,LSE:DALR) and Great Panther Silver (TSX:GPR,NYSEMKT:GPL).

Sabina Gold & Silver

Last week, Sabina Gold & Silver saw its share price rise 23.21 percent to reach $0.68. During that period, the company, whose flagship projects are located in Nunavut, announced that the final environmental impact statement (FEIS) for its Back River gold project has been deemed conformant with the Nunavut Impact Review Board’s requirements.
The FEIS can now enter the final technical review period, which Sabina President and CEO Bruce McLeod said is a “major milestone.” He added, “we are very pleased with the positive results of the document’s conformity review and look forward to continued engagement with the NIRB, the Kitikmeot Inuit Association, communities, various levels of government and other stakeholders as we move through the final stages of the environmental assessment process.”

Osisko Gold Royalties

Osisko Gold Royalties didn’t release any news last week, but nonetheless experienced a share price rise of 9.68 percent to close at $1.70. Osisko is an intermediate mining royalty and exploration company whose key assets are a 5-percent NSR royalty on the Canadian Malartic gold mine, and a sliding-scale 2- to 3.5-percent NSR royalty on the Eleonore mine. Both mines are located in Quebec.

Ur-Energy

Uranium-focused Ur-Energy announced an increase in the mineral resource estimate for its Wyoming-based Lost Creek property last week, and on the back of that news its share price rose 9.59 percent, to $0.79. The increase, which is the second for the property this year, brings the measured resource to 8.028 million pounds and the indicated resource to 5.223 million pounds; meanwhile, Lost Creek’s inferred resource stands at 6.439 million pounds.

Dalradian Resources

Gold exploration and development company Dalradian Resources is focused on its Northern Ireland-based Curraghinalt gold deposit. Last week, its share price rose 9.38 percent, to $0.69, after it released results from 43 holes completed as part of an ongoing infill drilling program at its Ireland-based Curraghinalt gold deposit. Highlights include 2.01 meters grading 33.52 g/t gold from the Slap Shot vein in hole 15-CT-253

Great Panther Silver

Finally, Great Panther Silver enjoyed a share price rise of 9.23 percent last week, hitting $0.67. The company, which is a primary silver miner, has not put out news since the beginning of November, when it released its financial results for Q3.
 
Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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