The S&P/TSX Composite index (INDEXTSI:OSPTX) was on the rise last week, increasing 0.61 percent to 14,939.04 points.
BNN reported on Friday that while the Canadian dollar was on the downward trend, the TSX index was on the way to a 16-month high. The publication noted the index hasn’t moved above 14,900 points since June 2015.
With that in mind, most sectors saw strong weekly gains.
Companies that were on the upward swing for the five-day period included:
- Euromax Resources (TSX:EOX)
- Treasury Metals (TSX:TML)
- Alamos Gold (TSX:AGI)
- Alexco Resource (TSX:AXR)
- Sherritt International (TSX:S)
Here’s a look at those companies:
Euromax Resources
Euromax Resources is currently focussing its attention on building and operating the Ilovica-Shutka copper–gold project in Macedonia. In September, the company announced a land acquisition and resettlement framework for further development of the project, which can be read in full here.
Last week, shares of Euromax Resources climbed 25 percent to close the five-day period at $0.65 each.
Treasury Metals
The second top-gaining stock on last week’s TSXÂ was Treasury Metals, whose shares rose 23.33 percent to $0.74.
According to its website, Treasury Metals’ 10 percent owned Goliath Gold project is on its way to becoming one of Canada’s next producing gold mines. In September, the company announced the addition of a second drill at the project, which it claims will assist in shortening the schedule for infill drilling of deeper sections of the underground ‘inferred’ resource area.
Alamos Gold
Right in the middle of last week’s top 5 gaining stocks on the TSX is Alamos Gold, who announced on Friday its investment in Corex Gold (TSXV:CGE). Alamos Gold is slated to purcahse 25.3 million common shares of Corex Gol