5 Top TSX Stocks: Ur-Energy and Nevada Copper Up Over 10 Percent

The S&P/TSX Composite index (INDEXTSI:OSPTX) closed Friday at 14,302.7 points, down 103.21 points, or 0.7 percent. According to Reuters, the fall came as energy stocks tumbled and financial shares retreated.
That said, some TSX-listed companies fared well this week. The top gainer was Ur-Energy (TSX:URE,NYSEMKT:URG), and it was followed by Nevada Copper (TSX:NCU), Primero Mining (TSX:P,NYSE:PPP), Aureus Mining (TSX:AUE,LSE:AUE) and Osisko Gold Royalties (TSX:OR). Here’s a look at what moved the share prices of those companies this week.

Ur-Energy

Ur-Energy operates the Lost Creek ISR uranium facility, and is also advancing baseline studies for permitting and licensing at its Shirley Basin project. Both Lost Creek and Shirley Basin are located in Wyoming.
This week, the company’s share price rose 19.28 percent to hit $0.99. During the week, the company hosted a webcast and teleconference to discuss its Q2 results, as well as its corporate strategy and guidance. Ur-Energy’s Q2 report states that Lost Creek exhibited a quarter-on-quarter increase in pounds captured, hitting 207,268 pounds.

Nevada Copper

Nevada Copper wholly owns the advanced-stage Pumpkin Hollow copper project in Nevada, and this week its share price gained 13.64 percent to reach $1.25.
The company didn’t put out any news this week, but at the end of last week it received a revised Class II air quality operating control permit for 70,000-tonne-per-day underground and open-pit mines feeding an open copper concentrator. Also last week, the company extended the maturity date of its US$15-million bridge loan facility with Pala Investments, raising the maximum principal amount of the loan facility to US$25 million as well.

Primero Mining

This week, Primero Mining’s share price rose 6.49 percent, to $3.61, after it announced that its subsidiary, Primero Empresa Minera, has been reinstated to the import and export registries in Mexico. As a result, normal course imports and exports for its San Dimas mine have started up again.
The subsidiary’s import and export licenses were suspended back in May, and midway through July news surfaced that it had been delayed in selling about 880,000 ounces of silver (about $6.5 million worth of delayed revenues).

Aureus Mining

Aureus Mining is a gold exploration and development company that’s focused on prospective and underexplored areas of Liberia and Cameroon. Its current focus is the New Liberty gold project in Liberia.
This week the company’s share price rose 5 percent, hitting $3.61. Aureus has not released any news since July 20, when it announced that the process plant at New Liberty had reached nameplate capacity following a successful commissioning stage.

Osisko Gold Royalties

It was a busy week for Osisko Gold Royalties, which reported its Q2 results and also declared a Q3 dividend. Q2 highlights include revenues of $10.2 million and 6,887 ounces of gold earned and sold. Silver ounces earned and sold came to a total of 7,138. Meanwhile, the company’s dividend came in at $0.03 per share, and will be payable to shareholders on October 15, 2015.
All in all, the company’s share price rose 3.03 percent to end the week at $1.70.
 
Data for TSX Top 5 articles is retrieved each Friday after market close. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. 
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Nevada Copper is a client of the Investing News Network. This article is not paid-for content.
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