Other top TSX-listed gainers last week were New Gold, B2Gold, NovaGold Resources and Yamana Gold.
Last Friday, the S&P TSX Composite index (INDEXTSI:OSPTX) gained 34.1 points, or 0.26 percent, to end the week at 13,357.77 points. According to Reuters, the gain came after a two-day slide.
Some resource-focused stocks rose alongside the exchange. The top gainer was Seabridge Gold (TSX:SEA,NYSE:SA), and it was followed by New Gold (TSX:NGD,NYSEMKT:NGD), B2Gold (TSX:BTO,NYSEMKT:BTG), NovaGold Resources (TSX:NG,NYSEMKT:NG) and Yamana Gold (TSX:YRI,NYSE:AUY). Here’s a look at what moved those companies’ share prices last week.
Seabridge Gold’s share price rose 19.24 percent last week to hit $11.90, though the company did not release any news that would explain that share price gain. The company’s British Columbia-based KSM project is one of the largest undeveloped gold projects in the world, with proven and probable reserves of 38.2 million ounces of gold and 9.9 billion pounds of copper.
New Gold also enjoyed a big share price gain last week, increasing 18.49 percent to reach $3.46. However, like Seabridge, the company did not put out any news during the period. Most recently, on November 24, the intermediate gold miner completed the sale of its 30-percent interest in the El Morro project to Goldcorp (TSX:G,NYSE:GG).
B2Gold has four operating gold mines, as well as a portfolio of exploration and development assets. Like Seabridge and New Gold, it didn’t release any news last week; however, its share price rose 18.44 percent to reach $1.67. The company last put out news on November 25, when it announced the official groundbreaking of the Fekola project.
Last week, NovaGold Resources’ share price rose 18.13 percent to reach $5.67. The company is focused on its 50-percent-owned Donlin gold project, and also holds a 50-percent stake in the Galore Creek copper project; last week, it filed the draft environmental impact statement for Donlin. Barrick owns the other 50-percent interest in Donlin.
Finally, Yamana Gold’s share price rose 17.91 percent last week to hit $3.16. Yamana holds a slew of producing mines, as well as exploration and development projects, and in 2015 expects to produce about 1.3 million ounces of gold, 9.6 million ounces of silver and 120 million pounds of copper. It has not put out a news release since November 23.
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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