5 Top Weekly TSX Stocks: B2Gold to Acquire Sabina for C$1.1 Billion

Titan Mining is an Augusta Group company that produces zinc concentrate at its 100 percent owned Empire State mine in New York state. In early February, the company entered into a fixed zinc pricing arrangement for approximately 30 percent of its forecast zinc production for the remainder of 2023; the price agreed on is $1.55 per pound of zinc.

Despite not releasing any news last week, shares of Titan Mining increased 28.85 percent to end at C$0.67.

Explorer Loncor Gold is focused on the Ngayu greenstone belt in the northeast of the Democratic Republic of Congo. Loncor’s projects include the Imbo and Makapela assets. Within Imbo, the company is working on the Adumbi deposit. In December 2021, Loncor announced the results of a preliminary economic assessment on the likely 3.66 million ounce open-pit resource at Adumbi.

Shares of Loncor Gold increased 28.36 percent last week to end at C$0.43, although the company did not release any news.

For a second week in a row, emerging gold miner Sabina Gold & Silver made the list of top TSX performers.

The company owns 100 percent of the Back River gold district in Nunavut, Canada. The 80 kilometer belt hosts six properties: Goose, George, Boulder, Boot, Del and Bath. The company is currently advancing the Goose project, for which it released an updated feasibility study in 2021; it has received all major permits and authorizations for construction and operation.

Last Monday (February 13), news that Vancouver-based gold miner B2Gold (TSX:BTO,NYSEAMERICAN:BTG) is set to acquire Sabina for about C$1.1 billion hit the market. According to the companies, this represents a premium of 45 percent to the 20 day volume-weighted average prices of each of B2Gold and Sabina on the TSX as of February 10.

Last week, shares of the company increased 13.91 percent to end at C$1.72.

With a focus on precious and base metals in Mongolia, Erdene Resource Development has interests in three mining licenses and an exploration license in Southwest Mongolia, where its work has led to the discovery and definition of the Khundii minerals district.

The latest company news from Erdene came in January, when the company announced a strategic alliance with Mongolian Mining, Mongolia’s largest internationally traded mining company.

Last week, shares of the company increased 13.51 percent to end the five day period at C$0.42.

Last but not least this week is Questerre Energy, which is focused on the acquisition, exploration and development of oil and gas projects. In Canada, Questerre holds assets in Alberta, Saskatchewan, Manitoba and Quebec, and it also has properties in Jordan.

Even though it did not release any news last week, shares of Questerre increased 12.5 percent, ending at C$0.27.