Last Friday (June 28), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose by 4.41 points to 584.46, translating to a 0.76 percent gain for the day.
In the news this week, gold continued to inch ever higher while base metals were a mixed bag.
Meanwhile, the US was continuing to threaten Iran, and is now threatening to sanction any countries that import Iranian oil.
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On the TSXV, junior miners and explorers were a medley of different minerals. Here are the top five gainers for last week:
- Golden Dawn Minerals (TSXV:GOM)
- Cordoba Minerals (TSXV:CDB)
- Itafos (TSXV:IFOS)
- North American Nickel (TSXV:NAN)
- Minsud Resources (TSXV:MSR)
Read on to find out what each company has been up to.
Golden Dawn Minerals
Canadian gold miner Golden Dawn Minerals has operating mines across British Columbia and Washington state.
Last week, the company proposed a 5 to 1 share consolidation in order to “facilitate more investment in the company.” Its current 77,562,345 shares issued and outstanding would be consolidated down to 15,512,469.
On the TSXV, Golden Dawn’s share price was up by 51.11 percent to C$0.34.
Cordoba Minerals
Toronto-based Cordoba Minerals has copper-gold projects in Colombia’s Cordoba province.
On June 13th, the company announced that it had restarted work on the preliminary economic assessment for its Alacran copper-gold deposit. The PEA is expected to be completed by early July.
In Toronto, Cordoba Minerals was up by 37.5 percent by Friday, trading at C$0.11.
Itafos
Itafos is a vertically integrated fertilizer company with assets primarily in phosphate. It has seven assets spread across Idaho, Brazil, Guinea Bissau and Peru.
The company announced on Wednesday (June 26) that it had successfully completed a plant turnaround at its Itafos Conda project, which returned a clean bill of health for the facility. The same facility had also achieved record monoammonium phosphate (MAP) production in May with 34,288 tonnes produced.
Itafos’ share price was C$0.75 on Friday, up by 36.36 percent over the previous week.
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North American Nickel
North American Nickel is a Canadian exploration company that is focused on developing nickel sulfide projects, of which is currently has the Maniitsoq project in Greenland on the books.
News was corporate this month, with results on its annual general and special meeting the subject of its latest press release.
The company was trading at C$0.02 by the end of last week, up by 33.33 percent.
Minsud Resources
A copper-focused company, Minsud Resources is an explorer with all its attention focused on its Chita Valley copper-molybdenum-gold-silver project in Argentina.
Minsud has not released any news since March, when it announced that it had closed a private placement in which it had raised C$527,800 in proceeds to be used in exploring its property.
Last week, Minsud was also up by 33.33 percent, reaching C$0.08 by the end of the week.
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$10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.
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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.
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