The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed almost neutral on Friday (February 14), increasing 4.95 points to 17,826.12.
The index was flat ahead of the long weekend and on the back of concerns over the coronavirus’, now officially named COVID-19, impact on the economy.
In commodities, gold broke past US$1,580 per ounce and palladium rallied to hit US$2,300 per ounce. Meanwhile, base metals continue to feel the impact of the epidemic uncertainty.
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Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
- Xanadu Mines (TSX:XAM)
- Northern Dynasty (TSX:NDM)
- Star Diamond (TSX:DIAM)
- Delphi Energy (TSX:DEE)
- Aura Minerals (TSX:ORA)
Here’s a look at those companies and the factors that moved their share prices last week.
Xanadu Mines
ASX- and TSX-listed Xanadu Mines is a copper and gold exploration company with several advanced exploration projects in Mongolia. The latest company news came on January 31, when Xanadu reported on its quarterly activities, including an upgrade in the exploration target for its flagship Kharmagtai copper-gold project after updating its mineral resource last year.
Last week, Xanadu’s share price increased 40 percent over the five day period to close at C$0.03.
Northern Dynasty
Northern Dynasty Minerals is focused on developing the Pebble project in Alaska, where according to the company, the world’s largest undeveloped copper-gold-molybdenum–silver resource is located.
On Wednesday (February 12), a draft environmental impact statement for the project started to circulate. The company said the information it has seen in a leaked copy of the executive summary is positive and it believes it will support issuing a permit for construction. As a result of the news, the company’s share price jumped 29.82 percent to end the week at C$0.74.
Star Diamond
Based in Saskatchewan, Star Diamond is developing its Fort à la Corne mineral dispositions, including its Star-Orion South diamond project. In 2018, the company released a preliminary economic assessment on the Star and Orion South kimberlites which estimates that 66 million carats of diamonds could be recovered in a surface mine over a 38 year project life.
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The company, which also has an interest in the Buffalo Hills diamond project in Edmonton, Alberta, did not release any news last week, but Star Diamond saw its share price increase 25 percent last week to C$0.45.
Delphi Energy
Calgary-headquartered Delphi Energy is a producer of liquids-rich natural gas, with all its efforts on developing its Montney property in the Deep Basin of Bigstone, in Northwest Alberta. The average production in the third quarter of 2019 was 8,386 barrels of oil equivalent per day while the liquids averaged 117 barrels per million cubic feet.
Despite not releasing any news last week, the company saw its share price go up by 21.43 percent to reach C$0.85.
Aura Minerals
Focused on gold and base metals projects, Aura is a mid-tier producer working on multiple projects in Mexico, Honduras, Colombia and Brazil.
On February 12, Aura reported drill results from its Bananal target, which is located along the western border of the Gupore gold belt. The next phase of drilling will start in March 2020. Last week, shares of the company increased 20.09 percent last week, to end at C$56.26.
Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using Trading View’s stock screener. Only companies with a market capitalization greater than C$50 million prior to the week’s gains are included. Companies within energy minerals and non-energy minerals sectors are considered.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
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