Resource News

5 Top TSXV Stocks: Monument Mining Up 31 Percent on Plant Commissioning

Resource Investing News

Though the TSXV fell last week, several juniors managed to do well. Topping off the list was Titanium, followed by Monument Mining, TriStar Gold, GoldQuest Mining and Eskay Mining.

The S&P/TSX Venture Composite index (INDEXTSI:JX) extended its losses last week, falling 3 percent to finish at 525.56 points.
Despite the slide, several resource-focused companies had a good week. Topping off the list was Titanium (TSXV:TIC), and it was followed by Monument Mining (TSXV:MMY), TriStar Gold (TSXV:TSG), GoldQuest Mining (TSXV:GQC) and Eskay Mining (TSXV:ESK).


Titanium’s share price rose 64.71 percent last week to hit $1.40 after the company announced an agreement with Syncrude Canada. It gives Titanium first right to propose commercial recovery of heavy minerals at Syncrude sites, and grants Syncrude co-ownership of one of Titanium’s patents. Titanium has developed technology that allows it to process oil sands into valuable products, including bitumen and other minerals.

Monument Mining
Monument Mining operates the Selinsing gold mine in Malaysia and is advancing several other projects within the country. Early last week, the company announced that it is fast tracking mine development at its Burnakura site, and reported an increase in net profit to $11.4 million in its fiscal 2015 results. However, Monument’s share price didn’t start to rise until Wednesday, when it announced it has completed construction at its Intec pilot plant at Selinsing and has placed the plant into the commissioning phase.
TriStar Gold
Brazil-focused TriStar Gold was up 18.75 percent last week to finish at $0.19. The company currently holds the Castelo de Sonhos and Bom Jardim projects in the Tapajos mineral province of Brazil. There was no news from the company to explain last week’s rise in share price.

GoldQuest Mining

GoldQuest was up 14.29 percent last week to end at $0.12. The company is focused on gold and copper in the Dominican Republic. Last Wednesday, GoldQuest signed a collaborative exploration and data-sharing agreement with Precipitate Gold (TSXV:PRG), and on Thursday, it reported drill results from its Romero gold-copper deposit. Highlights include an intercept of 43 meters grading 7.88 g/t gold and 1.41 percent copper.

Eskay Mining

Finally, Eskay Mining was up 14 percent to end last week at $0.12. The company controls roughly 130,000 acres surrounding Barrick Gold’s (TSX:ABX,NYSE:ABX) Eskay Creek mine in British Columbia. There was no news from the company last week to explain its rise in share price.
Data for TSXV Top 5 articles is retrieved each Friday. Only companies with a market capitalization greater than $10 million are included.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Quaterra Resources and Trevali Mining are clients of the Investing News Network. This article is not paid-for content.

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