5 Top TSX Stocks: Sabina Gold and Silver Rises Over 50 Percent

Last week, the S&P/TSX Composite index (INDEXTSI:OSPTX) gained 2.31 percent, or 313.85 points, to reach 13,873.98.

The Index finished the week fairly flat despite a rise in oil prices, but as per Bloomberg, it’s still “one of the best-performing developed markets in the world.” So far in 2016, the index has gained 6.64 percent, or 864.03 points.

Last week’s top TSX-listed mining stocks were: 

• SouthGobi Resources (TSX:SGQ)
• Sabina Gold and Silver (TSX:SBB)
• Minco Silver (TSX:MSV)
• Capstone Mining (TSX:CS)
• Belo Sun Mining (TSX:BSX)

Here’s a look at what moved the share prices of those companies last week.

SouthGobi Resources

Shares of SouthGobi Resources gained 60.71 percent last week to reach $0.45 per share. The company operates the flagship Ovoot Tolgoi coal mine in Mongolia, and holds other metallurgical and thermal coal assets in the country. On March 29, the company released its fourth quarter and full-year results for 2015, reporting sales of 0.2 million tonnes of its coal products for the fourth quarter of 2015 compared to 0.4 million tonnes a year earlier. However, there has been no additional recent news to explain last week’s share price increase for SouthGobi.

Sabina Gold and Silver

Headed by Bruce McLeod, Sabina Gold and Silver is currently focused on developing its Back River gold project in Nunavut. The company released its 2015 financial and operating results on March 24 and appointed Anna Stylianides to its board of directors on March 31. However, there was no recent news behind last week’s share price rise for the company. Shares of Sabina Gold and Silver were up 55.34 percent last week to $1.60.

Minco Silver

Shares of Minco Silver gained 52.38 percent