• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks
    1. Home>
    2. ResourcePrecious MetalsGold Investing>
    Loading...
    0

    5 Top Weekly TSXV Performers: Tombill Mines Leads Gold Explorers Up

    Georgia Williams
    May. 22, 2022 07:40PM PST

    Last week's top-gaining stocks on the TSXV were Tombill Mines, Scorpio Gold, Royal Fox, Cordoba Minerals and New Stratus.

    gold nuggets
    Roman Bodnarch / Shutterstock

    The S&P/TSX Venture Composite Index (INDEXTSI:JX) was on the rise last Friday (May 20) morning following another volatile week that sent the junior index as low as 690.

    Edging just above 700 after the morning bell on Friday, markets across North America found solace after China moved to support its economy with a cut to a key lending benchmark.

    On the commodities side, values for West Texas Intermediate crude oil topped US$114 a barrel last Monday (May 16), while Brent crude touched US$115. Both types had consolidated mildly by Friday to hold in the US$112 range.


    Gold spent the third week of May trending higher after slipping to a three month low of US$1,809.50 per ounce on May 13. By last Friday, the yellow metal was trading for US$1,834.

    Improving investor sentiment helped the TSXV and other markets move into the green by the end of the week, despite concerns that a recession could still be around the corner.

    “Even though modest, the deceleration in price pressures (in April) will come as a welcome development to policymakers,” Thomas Feltmate, senior economist at TD Economics, said in an FocusEconomics update.

    Feltmate went on to highlight the precarious position that the US Federal Reserve is in as it tries to stimulate the economy while reining in inflation. “The (Federal Open Market Committee) has its work cut out ... over the remainder of the year, as they quickly move to swing the monetary pendulum from accommodative to outright restrictive in an effort to guide inflation back to target without causing a recession,” he said.

    The five TSXV-listed mining stocks that saw the biggest rises last week are as follows:

    • Tombill Mines (TSXV:TBLL)
    • Scorpio Gold (TSXV:SGN)
    • Royal Fox Gold (TSXV:FOXG)
    • Cordoba Minerals (TSXV:CDB)
    • New Stratus Energy (TSXV:NSE)

    Here’s a look at those companies and the factors that moved their share prices last week.

    1. Tombill Mines

    Gold explorer Tombill Mines owns four claims groups, three of which are situated in the Geraldton gold district of North-Central Ontario. Tombill did not release any news last week; its last announcement was at the end of March, when it commenced a Phase IIa drilling program at the Geraldton camp.

    Last week, Tombill saw its shares rise 100.68 percent to end the period at C$0.09.

    2. Scorpio Gold

    Nevada-focused Scorpio Gold holds a 100 percent interest in the consolidated Manhattan District in Nevada. The site includes the advanced exploration-stage Goldwedge property as well.

    Scorpio did not make any public announcements last week. Company shares made a 70.24 percent gain, ending the five day period at C$0.08.

    3. Royal Fox Gold

    Exploration company Royal Fox Gold is developing the Philibert gold project near Chibougamau, Québec. Philibert consists of 110 mineral titles covering a total area of 5,393 hectares of “highly prospective ground.”

    Last Wednesday (May 18), Royal Fox shared results from 12 drill holes completed as part of a 2022 campaign at Philibert. They tested the Red Fox zone over a 650 meter strike length and up to 400 meters vertical depth.

    "The results announced today include meaningful grades and widths intersected at the Red Fox Zone at surface and at depth which continue to demonstrate continuity of the mineralization system along strike and down dip,” Simon Marcotte, president and CEO of Royal Fox, said in a statement.

    He continued, “93 holes from the 2022 campaign remain pending and, as we continue to receive results, special attention is paid to the continuity of the mineralisation which matters even more than grade for a deposit of this nature.” By Friday, shares of Royal Fox were up 62.62 percent, trading for C$0.06.

    4. Cordoba Minerals

    Cordoba Minerals is a diversified company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is presently developing its San Matias copper-gold-silver project in Colombia.

    The last news the company released was at the end of April, when it confirmed a short-term loan of US$6 million from Ivanhoe Electric. Last week, shares of Cordoba added 47 percent to hold in the C$0.55 range.

    5. New Stratus Energy

    Focused on oil and gas development in Latin America through acquisitions, New Stratus Energy is targeting a production rate of over 50,000 barrels of oil equivalent per day within a three to five year timeframe.

    New Stratus gave shareholders a corporate update on May 2, reporting a cash balance of C$17,277,485 as of March 31. Shares of New Stratus spent the third week of May gaining 45.26 percent to close at C$0.93.

    Data for 5 Top Weekly TSXV Performers articles is retrieved each Friday at 10:30 a.m. EST using TradingView's stock screener. Only companies with market capitalizations greater than C$10 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, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    From Your Site Articles
    • Should You Invest in Gold Stocks or Gold Bullion? | INN ›
    • Top 5 Gold Stocks on the TSXV in 2022 | INN ›
    • Top 5 Gold Stocks on the TSX in 2022 | INN ›
    • 10 Top Gold-mining Companies | INN ›
    Related Articles Around the Web
    • How To Invest In Gold – Forbes Advisor ›
    • How Gold Is Mined | Gold Mining Process | World Gold Council ›
    https://twitter.com/INN_Resource
    https://www.linkedin.com/in/georgia-williams-15845447/
    gwilliams@investingnews.com
    The Conversation (0)

    Go Deeper

    AI Powered
    5 Top Weekly TSXV Stocks: Golden Goliath Rises 100 Percent

    5 Top Weekly TSXV Stocks: Golden Goliath Rises 100 Percent

    Gold Investing

    5 Top Weekly TSXV Stocks: Precious Metals Stocks Up

    Georgia Williams

    Georgia Williams

    Managing Editor

    Originally from Calgary, Georgia has been right at home in Toronto for more than two decades. Graduating from the University of Toronto with an honors BA in journalism, she is passionate about writing on diverse topics, including resources, arts, politics and social issues.

    At INN Georgia covers a wide range of topics, including energy, battery and critical metals and diamonds. In her spare time, Georgia enjoys watching documentaries and experiencing Toronto's vibrant food, arts and cultural scene.

    Latest News

    Harvest Gold Announces Mosseau Drill Program Update; Urban Barry Regional Till Program Completed

    Kobo Resources to Recommence 2025 Drill Program at the Kossou Gold Project; Appoints Industry Veteran to Support Technical and Regional Growth Strategy

    Angkor Advances Exploration Independently On Andong Bor License, Cambodia

    NevGold Announces Entry Into Standstill With GoldMining

    Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Gold Investing Stocks

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC

    1911 Gold

    AUMB:CC

    Kobo Resources

    KRI:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×
    Georgia Williams
    Georgia Williams

    Managing Editor

    Originally from Calgary, Georgia has been right at home in Toronto for more than two decades. Graduating from the University of Toronto with an honors BA in journalism, she is passionate about writing on diverse topics, including resources, arts, politics and social issues.

    At INN Georgia covers a wide range of topics, including energy, battery and critical metals and diamonds. In her spare time, Georgia enjoys watching documentaries and experiencing Toronto's vibrant food, arts and cultural scene.

    Full Bio

    Follow

    Learn about our editorial policies.