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5 Top Weekly TSX Stocks: St. Augustine Gold and Copper Rises More Than 30 Percent
Last week's top-gaining stocks on the TSX were St. Augustine Gold and Copper, Gatos Silver, Athabasca Oil, New Gold and Calibre Mining.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened flat last Friday (July 14) at 20,277.64.
The index was on track for a weekly gain of more than 2 percent, climbing to a two month high on the back of gains in the technology and financial sectors. In the resource space, gold rose above the US$1,960 per ounce level during the week, while sister metal silver was hovering around the US$25 per ounce mark to finish out the period.
Against that backdrop, some resource juniors listed on the TSX saw their share prices go up last week. Here’s a look at the five biggest gainers and the factors that moved their share prices during the period.
1. St. Augustine Gold and Copper (TSX:SAU)
Leading the latest top TSX stocks list is St. Augustine Gold and Copper. Although the company didn't release any fresh news last week, it saw its share price increase 30.77 percent to end the period at C$0.085.
The firm is focused on the development of the King-king copper-gold project. The asset is one of the largest undeveloped copper-gold deposits in the world, and the Philippine government considers it a top three priority among mining projects.
2. Gatos Silver (TSX:GATO)
Gatos Silver is a silver-dominant exploration, development and production company that has discovered a new silver- and zinc-rich mineral district in Mexico. Its flagship asset is the Los Gatos district, which includes the Cerro Los Gatos mine.
Last Monday (July 10), the company released its production results for the second quarter and half year. “We remain on track to achieve 2023 production guidance at CLG and to provide an updated mineral resource and reserve estimate before the end of the third quarter of this year, including a new life of mine plan,” Dale Andres, CEO of Gatos Silver, said.
Shares of Gatos Silver increased 20.34 percent last week to end at C$6.39.
3. Athabasca Oil (TSX:ATH)
Athabasca Oil has honed its efforts on the development of thermal and light oil assets in Alberta’s Western Canadian Sedimentary Basin. Despite not releasing any news last week, company shares increased 19.24 percent to end at C$3.47.
4. New Gold (TSX:NGD)
Canada-focused intermediate mining company New Gold has a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The company also holds Canada-focused investments.
Last Tuesday (July 11), the company published its Q2 production results. "We had another excellent quarter, delivering gold equivalent production of 102,374 ounces, a 45 percent increase over the prior year period," said President and CEO Patrick Godin.
Shares of New Gold increased 16.43 percent to trade at C$1.63 by the end of last week.
5. Calibre Mining (TSX:CXB)
Another company releasing second quarter results last week was Calibre Mining, a gold miner and explorer with two 100 percent owned operating gold mines in Nicaragua.
Last Tuesday, Calibre reported record consolidated quarterly gold production of 68,776 ounces, a 15 percent increase compared to Q2 2022. Its share price rose 16.2 percent to end last week at C$1.65.
Data for 5 Top Weekly TSX Performers articles is retrieved each Friday after market close using TradingView's stock screener. Only companies with market capitalizations greater than C$50 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals are considered.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
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Priscila is originally from Buenos Aires, Argentina, where she earned a BA in Communications at Universidad de San Andres. She moved to Vancouver for the first time in 2010 and fell in love with the city. A few years after she went to London, UK, to study a MA in Journalism at Kingston University and came back in 2016. She enjoys reading, drinking coffee and travelling.
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