Resource News


Antioquia Gold was the top gainer on the TSX Venture Exchange last week.

Last week, the S&P/TSX Venture Composite index (INDEXTSI:JX) fell 4.5 points to close at 640.98 points. 
Stock markets around the world were under pressure last week following a “no” vote in the recent Greek referendum and a continued meltdown for Chinese stock markets despite government measures to stop the market’s free fall.
Still, several junior mining companies managed to do well on the Venture exchange last week. Among the top gainers were Antioquia Gold (TSXV:AGD), Baja Mining (TSXV:BAJ), Corsa Coal (TSXV:CSO), Nemaska Lithium (TSXV:NMX,OTCQX:NMKEF) and Dolly Varden Silver (TSXV:DV).

Antioquia Gold 

Antioquia’s share price rose 30 percent last week to close at $0.065. The company’s share price has gained 5 cents, or 225 percent, year-to-date. Antioquia is focused on its flagship Cisneros gold project in Colombia. On June 10, the company announced plans to proceed with an underground mine at Cisneros, but there has been no other recent news that would explain last week’s gain in share price.

Baja Mining

Baja owns a 10-percent stake in the Boleo coppercobaltzincmanganese project in Mexico, through Minera y Metalurgica del Boleo (MMB). First shipments of copper from Boleo were set to take place in May, but were delayed pending product certification.
Baja also recently received a defaulting notice from MMB following an amended cash call notice from May 15. Meanwhile, the company has commenced metallurgical testwork on the Cinto Colorado tailings adjacent to Boleo. There was no news to explain Baja’s 20-percent share price rise, to $0.03, last week.

Corsa Coal

The share price of Corsa Coal gained 10 percent last week to close at $0.11. Despite a tough pricing environment for thermal and metallurgical coal, Corsa reported on June 2 that it had achieved a positive adjusted EBITDA at its Northern Appalachia and Central Appalachia divisions. However, there was no further news from the company last week to explain its gain in share price.

Nemaska Lithium

Quebec-focused lithium junior Nemaska Lithium rose 9.38 percent to finish last week at $0.175. The company continues to work through the permitting process for its Whabouchi hard-rock lithium project, and last Thursday it announced that it has added Simon Thibault as director of environmental and social responsibility. There was no other news to explain last week’s rise in share price for Nemaska.

Dolly Varden Silver

Rounding out the top five is exploration company Dolly Varden Silver, which is focused on the historic Dolly Varden Silver Mines property in Northwest British Columbia. Dolly Varden’s share price rose 8.57 percent to reach $0.19 last week. There was no new news from the company to explain that gain in share price.
Data for TSXV Top 5 articles is retrieved each Friday. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. 
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Nemaska Lithium is a client of the Investing News Network. This article is not paid-for content.
Related reading: 
5 Top TSXV Stocks: GMV Minerals Rises 30 Percent
5 Top TSXV Stocks: Excelsior Mining Gains Nearly 30 Percent
5 Top TSXV Stocks: Quaterra Resources in Top Spot Following Freeport News
5 Top TSXV Stocks: Big Rise for Eagle Hill on Oban Mining News
5 Top TSXV Stocks: Great Quest Fertilizer Rises 60 Percent


S&P 5004280.15+72.88


Heating Oil3.51+0.03
Natural Gas8.78-0.09