The
S&P/TSX Composite Index
(INDEXTSI:
OSPTX
) was on the rise last week, closing the four day trading window on Thursday (April 1) at 18,992.1.
The index was supported by the
energy
and mining sectors, which gained on firmer
oil
and gold prices.
On Thursday, gold and
silver
edged higher as the US dollar retreated.
Copper
was on track for a weekly loss, touching its lowest level in almost a month at US$8,695 per tonne.
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Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
-
Forsys Metals (TSX:
FSY
) -
Advantage Oil and Gas (TSX:
AAV
) -
Hudbay Minerals (TSX:
HBM
) -
Calibre Mining (TSX:
CXB
) -
Athabasca Oil (TSX:
ATH
)
Here’s a look at those companies and the factors that moved their share prices last week.
1. Forsys Metals
Forsys Metals is focused on developing
uranium
projects on the African continent. Currently the explorer owns the Norasa project, which includes the fully permitted Valencia uranium project, and is also developing the Namibplaas uranium project; both are located in Namibia.
The company did not release any news last week, but shares increased 34.33 percent to end at C$0.90.
2. Advantage Oil and Gas
Calgary-based Advantage Oil and Gas is focused entirely on the development of its position in the Montney natural
gas
and liquids
resource
play.
The firm announced last Wednesday (March 31) that it has
jointly developed
with Allardyce Bower Consulting a breakthrough carbon capture and storage
technology
capable of commercial profitability at a carbon price below C$50 per tonne. Last week, shares of Advantage rose 22.77 percent to end at C$2.89.
3. Hudbay Minerals
Hudbay Minerals is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and
zinc
metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in Northern Manitoba and Saskatchewan, Canada, and Cusco, Peru; it also holds American copper projects in Arizona and Nevada.
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Last Monday (March 29), the company
announced a new discovery
at its Copper World properties adjacent to its Rosemont project. The same day, Hudbay published updated mine plans for Constancia and Snow Lake and provided its annual
reserve and resource update
. Following the news, shares of Hudbay increased 18.31 percent to end the week at C$9.11.
4. Calibre Mining
Calibre Mining is a gold company with two 100 percent owned operating gold mines in Nicaragua.
Last Monday,
the company announced
updated mineral reserves and resources at its El Limon and La Libertad mining complexes in Nicaragua, showing a 202 percent increase in mineral reserves to 864,000 ounces since the end of 2019 and after 2020 depletion. Shares of Calibre Mining were up 17.57 percent on the news, trading at C$1.74 by the end of the five day period.
5. Athabasca Oil
Alberta-based energy company Athabasca Oil is focused on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the company has a significant land base of extensive, high-quality resources.
Last week, Athabasca Oil did not release any company news, but still saw its share price increase 17.39 percent to C$0.54.
Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST 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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