The S&P/TSX Composite index (INDEXTSI:OSPTX) continued its winning streak last week, gaining 109.25 points, or 0.79 percent, to 13,951.45.
That’s the third monthly gain for the TSX. The rise for the index was driven largely by gains in the resource sector, according to Bloomberg, with raw-materials and energy producers being the two top-performing industries in Canada so far this year.
Last week’s top TSX-listed mining stocks were:
- Great Panther Silver (TSX:GPR)
- International Tower Hill Mines (TSX:ITH)
- NovaCopper (NYSEMKT:NCQ;TSX:NCQ)
- Lexam VG Gold (TSX:LEX)
- Argonaut Gold (TSX:AR)
Here’s a look at what moved the share prices of those companies last week.
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Great Panther Silver
Shares of Great Panther Silver surged 50.28 percent last week to close at $2.66. The primary silver miner saw a steady rise over the course of the week, and has risen 280 percent year-to-date. Silver prices are up 26 percent so far in 2016.
Furthermore, as the Motley Fool notes, Great Panther reported a 38 percent reduction in all-in sustaining costs (AISC) in 2015. There was no specific news from the company that would have bumped its share price last week.
International Tower Hill Mines
International Tower Hill is focused on developing its Livengood gold project in Alaska. As per a September 2013 feasibility study for the project, Livengood holds measured and indicated resources of 15.7 million ounces of gold and inferred resources of 4.4 million ounces.
The company