The S&P/TSX Composite Index (INDEXTSI:OSPTX) was buying and selling at 21,838.02 early final Thursday (April 14), however finally closed the shorter 4 day week larger at 21,851.89.
Forward of the lengthy weekend, the index opened decrease, pressured by declining gold and oil costs. Buyers have been additionally awaiting financial information due later within the day.
Regardless of pulling again on Thursday, gold was on monitor for a weekly achieve on the again of secure haven demand. Silver and platinum have been additionally set to finish the buying and selling interval within the inexperienced.
In opposition to that backdrop, quite a lot of firms noticed their share costs enhance final week. The 5 TSX-listed mining shares that noticed the largest features are as follows:
Right here’s a take a look at these firms and the elements that moved their share costs final week.
1. Augusta Gold
Explorer and developer Augusta Gold is concentrated on its Bullfrog gold undertaking. The asset is situated within the Bullfrog mining district, roughly 120 miles northwest of Las Vegas, Nevada, and 4 miles west of Beatty, Nevada.
The corporate didn’t launch any information final week, however noticed its share worth enhance 33.1 % to C$1.93.
2. Trevali Mining
World base metals miner Trevali Mining’s belongings embody the 90 % owned Perkoa mine in Burkina Faso, the 90 % owned Rosh Pinah mine in Namibia and the wholly owned Caribou mine in New Brunswick, Canada.
Final week, the corporate noticed its share worth enhance 30.28 % to C$1.85.
3. Verde Agritech
Verde Agritech is creating its Cerrado Verde undertaking, situated in Brazil. The undertaking is the supply of a potassium-rich deposit from which the corporate intends to supply options for crop vitamin, crop safety, soil enchancment and elevated sustainability.
Final week, shares of Verde Agritech elevated 26.21 % to commerce at C$9.15 by the tip of the interval.
4. Endeavour Silver
Mid-tier producer Endeavour Silver owns and operates three underground silver-gold mines in Mexico. Its present focus is the Terronera mine, and it additionally holds exploration and growth initiatives in Mexico and Chile.
Final Wednesday (April 13), the corporate reported continued high-grade drill outcomes from an ongoing exploration program on the Guanacevi mine in Durango State, Mexico. Throughout the 5 day interval, the corporate’s share worth jumped 22.54 % to finish the week at C$6.96.
5. Power Fuels
Power Fuels is a number one US-based uranium-mining firm, supplying U3O8 to main nuclear utilities. Power Fuels additionally produces vanadium from sure of its initiatives, and describes itself as rising participant within the industrial uncommon earths enterprise.
Final Wednesday, the corporate stated it had made shipments of uncommon earths, uranium and vanadium and is now performing commercial-scale partial uncommon earths separation. Final week, shares of Power Fuels elevated 21 %, and have been buying and selling at C$13.54 by the tip of the timeframe.
Knowledge for the 5 High Weekly TSX Performers article was retrieved Thursday (April 14) at 1:30 p.m. EST utilizing TradingView’s inventory screener. Solely firms with market capitalizations larger than C$50 million previous to the week’s features are included. Firms inside the non-energy minerals and vitality minerals are thought-about.
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Securities Disclosure: I, Priscila Barrera, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Power Fuels is a shopper of the Investing Information Community. This text will not be paid-for content material.
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