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The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell final week, ending Friday (March 17) at 19,381.93.
Nevertheless, gold and silver miners listed on the TSX made positive aspects because the gold value neared US$2,000 per ounce.
The yellow metallic has been buoyed by turmoil within the US, the place Silicon Valley Financial institution and Signature Financial institution each not too long ago collapsed. Upheaval is current on a worldwide scale as properly, with UBS (NYSE:UBS) agreeing to amass troubled Credit score Suisse (NYSE:CS).
Right here’s a take a look at the 5 top-gaining TSX mining corporations final week and the elements that moved their share costs.
Weekly acquire: 23.9 %; present share value: C$6.22; market cap: C$1.941 billion
Led by well-known mining business determine Ross Beaty, Equinox Gold was shaped in 2017 and shortly amassed seven producing mines within the Americas. The corporate’s objective is to supply 1 million ounces of gold on an annual foundation.
There was no information from Equinox final week, however its share value rose 23.9 % to shut at C$6.22.
2. Aya Gold & Silver (TSX:AYA)
Weekly acquire: 21.47 %; present share value: C$9.28; market cap: C$974.464 million
Valuable metals producer Aya Gold & Silver is targeted on Morocco, the place it has the Zgounder silver mine. The corporate can also be transferring ahead at exploration belongings in Morocco, and has the Tijirit gold mission in Mauritania.
Aya did not share any information final week, however firm shares rose 21.47 % to hit C$9.28.
3. Sandstorm Gold Royalties (TSX:SSL)
Weekly acquire: 20.03 %; present share value: C$7.85; market cap: C$2.341 billion
Sandstorm Gold Royalties has 250 royalties and streams on mines all over the world. These contracts give the corporate a share of income (within the case of a royalty) or a share of manufacturing (within the case of a stream); in change, it supplies upfront financing. For the time being, 39 of the businesses Sandstorm has contracts with are producing.
Sandstorm’s share value rose 20.03 % final week though it did not put out any information.
Weekly acquire: 20 %; present share value: C$4.68; market cap: C$889.151 million
Mid-tier treasured metals miner Endeavour Silver operates in Mexico, Chile and the US. It has two silver-gold mines in Mexico, and is at present working towards a improvement determination at its Terronera asset within the nation.
Endeavour didn’t present any updates final week, however its share value nonetheless rose 20 % to shut at C$4.68.
5. First Majestic Silver (TSX:FR)
Weekly acquire: 19.1 %; present share value: C$10.04; market cap: C$2.665 billion
First Majestic Silver has 4 producing mines: the San Dimas silver-gold mine, the Santa Elena silver-gold mine, the La Encantada silver mine and the Jerritt Canyon gold mine. The primary three are in Mexico, whereas the fourth is in Nevada. Helmed by Keith Neumeyer, First Majestic’s objective is to turn into the most important main silver producer.
The corporate’s share value rose 19.1 % final week though it did not share any information.
Knowledge for five High Weekly TSX Performers articles is retrieved every Friday after market shut utilizing TradingView’s inventory screener. Solely corporations with market capitalizations larger than C$50 million previous to the week’s positive aspects are included. Corporations inside the non-energy minerals and vitality minerals are thought of.
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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
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