The S&P/TSX Composite index (INDEXTSI:OSPTX) saw a bit of a dip last Thursday, but still managed to finish the week up overall. The exchange gained 1.27 percent to finish at 13,919.58 for the week.
A weaker Canadian dollar ahead of the long weekend lent support to the Toronto exchange, the Canadian Press reported. The loonie was sitting at 76.18 cents per US dollar on Friday.
US markets are open Monday, but the TSX is closed for Victoria Day.
Last week’s top TSX-listed mining stocks were:Â
- Mountain Province Diamonds (TSX:MPV)
- Avnel Gold Mining (TSX:AVK)
- Columbus Gold (TSX:CGT)
- St Augustine Gold and Copper (TSX:SAU)
- First Majestic Silver (TSX:FR)
Here’s a look at what moved the share prices of those companies last week:
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Mountain Province Diamonds
Shares of Mountain Province were up 14.6 percent last week to $6.28 per share. The company is currently focused on advancing the Gahcho Kué diamond mine located in Canada’s Northwest Territories, in which it holds a 49 percent interest in partnership with De Beers Canada.
On May 9, Mountain Province provided an update on development at Gahcho Kué, stating that the project was roughly 94 percent complete and on track for first production in the first half of 2016. There was no additional news to explain last week’s share price rise for the company.
Avnel Gold Mining
Avnel Gold saw its share rise 14.29 percent last week to reach $0.36. The company holds the Kalana gold project in Mali, which it owns 80 percent in partnership with the Malian government. Avnel currently operates an underground mine at Kalana, but is looking to develop an open-pit mine in the area.
Avnel filed results of its definitive feasibility study for the Kalana project on May 6, and reported its first quarter results on May 11. There was no further news to explain the company’s gain in share price last week.
Columbus Gold
Columbus Gold owns gold properties in both Nevada and French Guiana, and put out positive drill results from both areas last month. This Friday, the company announced the appointment of Andrew Yau as its new Chief Financial Officer. There was no additional news to account for the company’s rise in share price last week. Columbus Gold was up 12.9 percent last week to $0.7 per share.
St. Augustine Gold and Copper
St. Augustine gained 9.09 percent last week to reach $0.12 per share following the release of its first quarter results. The company is advancing the King-king copper-gold project in the Philippines.
During the first quarter, St. Augustine received permit approval for King-king. Subsequent to the first quarter, the company’s joint venture partner, Nadecor, received a ruling from the Supreme Court that its President, Conrado Calalang, and current Board of Directors are the organization’s rightful and authorized representatives