The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 21,838.02 early last Thursday (April 14), but eventually closed the four-day shorter week higher at 21,851.89.
Ahead of the long weekend, the index opened lower, under pressure from falling gold and oil prices. Investors were also awaiting economic data expected later in the day.
Despite a pullback on Thursday, gold was on course for a weekly gain on safe haven demand. Silver and platinum were also expected to end the trading period in the green.
In this context, several companies have seen their share prices increase in the past week. The five TSX-listed mining stocks that posted the largest gains are:
Here’s a look at these companies and the factors that drove their stock prices over the past week.
1. Auguste Gold
Explorer and developer Augusta Gold is focusing on its Bullfrog gold project. The asset is located in the Bullfrog mining district, approximately 120 miles northwest of Las Vegas, Nevada, and 4 miles west of Beatty, Nevada.
The company released no news last week, but saw its share price rise 33.1% to C$1.93.
2. Trevali Mining
Assets of global base metal miner Trevali Mining include the 90% owned Perkoa Mine in Burkina Faso, the 90% owned Rosh Pinah Mine in Namibia and the 100% owned Caribou Mine in New Brunswick, Canada.
Last week, the company saw its share price rise 30.28% to C$1.85.
3. Verde Agritech
Verde Agritech is developing its Cerrado Verde project, located in Brazil. The project is the source of a potassium-rich deposit from which the company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.
Last week, shares of Verde Agritech rose 26.21% to trade at C$9.15 at the end of the period.
4. Endeavor Silver
Intermediate producer Endeavor Silver owns and operates three underground silver and gold mines in Mexico. It is currently focused on the Terronera mine and also holds exploration and development projects in Mexico and Chile.
Last Wednesday (April 13), the company announced continued high-grade drill results from an ongoing exploration program at the Guanacevi mine in Durango State, Mexico. During the five-day period, the company’s stock price jumped 22.54% to end the week at C$6.96.
5. Energy fuels
Energy Fuels is a major uranium mining company based in the United States, which supplies U3O8 to major nuclear power plants. Energy Fuels also produces vanadium from some of its projects and describes itself as an emerging player in the rare earth business.
Last Wednesday, the company said it made shipments of rare earths, uranium and vanadium and is currently performing partial rare earth separation on a commercial scale. Last week, shares of Energy Fuels rose 21% and were trading at C$13.54 at the end of the period.
Data for the Top 5 Weekly TSX Performers article was retrieved Thursday, April 14 at 1:30 PM EST using TradingView. stock screener. Only companies with a market cap above C$50 million before earnings for the week are included. Companies in the non-energy minerals and energy minerals sectors are considered.
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Securities Disclosure: I, Priscila Barrera, have no direct investment interests in any of the companies mentioned in this article.
Editorial Disclosure: Energy Fuels is a client of Investing News Network. This article is not paid content.
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