Home Sports Top 5 TSXV Weekly Artists: Tombill Mines Lead in Gold Search

Top 5 TSXV Weekly Artists: Tombill Mines Lead in Gold Search


S & P / TSX Venture Composite Index (INDEX:JX) was on the rise last Friday (May 20) morning after another volatile week that put the junior index down to 690.

Markets across North America found solace just above 700 after Friday morning’s call after China moved to support its economy by cutting back to key lending benchmarks.

As for commodities, the price of West Texas Intermediate oil oil last Monday (May 16) exceeded $ 114 a barrel, while Brent crude oil reached $ 115. By Friday, both types had consolidated slightly and remained in the $ 112 range.

Gold spent the third week of May in an upward trend after May 13 fell to a three-month low of $ 1,809.50 an ounce. Until last Friday, the yellow metal traded at 1834 US dollars.

Improving investor sentiment has helped TSXV and other markets move to the green market by the end of the week, despite fears that a recession may still be around the corner.

“Despite the slight, the slowdown in price pressure (in April) will be a good event for politicians,” said Thomas Feltmate, senior economist at TD Economics. FocusEconomics update.

Feltmate further highlighted the precarious situation of the US Federal Reserve, which is trying to stimulate the economy by curbing inflation. “The (Federal Open Market Committee) has its work … for the rest of the year, as they are rapidly moving to turn the monetary pendulum from adaptive to fully restrictive, seeking to bring inflation back to target without causing a recession,” he said.

The five mining shares on the TSXV list rose the most last week:

  • Tombill Mines (TSXV:TBLL)
  • Scorpio Gold (TSXV:SGN)
  • Royal Fox Gold (TSXV:FOXG)
  • Cordoba Minerals (TSXV:CDB)
  • New Energy Stratus (TSXV:NSE)

Here’s a look at these companies and the factors that shifted their stock prices last week.

1. Tombill Mine

Gold explorer Tombill Mines owns four groups of claims, three of which are located in the Geraldton Gold District in north-central Ontario. Tombil did not publish any news last week; his last ad was in late March when the Phase IIa drilling program began at Geraldton Camp.

Tombill shares rose 100.68 percent last week, ending the period at $ 0.09.

2. Scorpio Gold

Nevada-oriented Scorpio Gold owns a 100 percent stake in the consolidated Manhattan County of Nevada. The site also includes Goldwedge real estate advanced stages of exploration.

Scorpio made no public statements last week. Shares of the company rose 70.24 percent, ending the five-day period by 0.08 Canadian dollars.

3. Royal Fox Gold

Royal Fox Gold is developing a Philibert gold project near Chibougamau, Quebec. Philibert consists of 110 names of minerals, occupying a total area of ​​5393 hectares of “very promising land”.

Last Wednesday (May 18) Royal Fox shared the results of 12 wells completed as part of the 2022 campaign at Philibert. They tested the Red Fox zone at a length of 650 meters and a vertical depth of up to 400 meters.

“The results announced today include significant varieties and widths that intersect in the Red Fox area at the surface and at depth, which continue to demonstrate the continuity of the mineralization system along the hit and down,” said Simon Marcott, President and CEO of Royal Fox. statement.

He continued: “93 wells from the company in 2022 remain under development, and as we continue to get results, special attention is paid to the continuity of mineralization, which is even more important than quality for a field of this nature.” By Friday, shares of Royal Fox had risen 62.62 percent and traded at 0.06 Canadian dollars.

4. Cordoba minerals

Cordoba Minerals is a diversified company focused on exploration, development and acquisition copper and gold projects. Cordoba is currently developing its copper-gold San Matiassilver project in Colombia.

The latest company news released was in late April when he confirmed a short-term loan of $ 6 million from Ivanhoe Electric. Last week, shares of Cordoba added 47 percent to the hold in the range of 0.55 Canadian dollars.

5. New layer energy

Focused on oil and gas Developing in Latin America through acquisitions, New Stratus Energy focuses on producing more than 50,000 barrels of oil equivalent per day over a three- to five-year period.

New Stratus gave shareholders a corporate update on May 2, announcing a cash balance of C $ 17,277,485 as of March 31. Shares of New Stratus in the third week of May rose 45.26 percent and closed at 0.93 Canadian dollars.

Data for the top 5 TSXV Performers weekly articles is obtained every Friday at 10:30 a.m. by EST through the TradingView stock check. Only companies with a market capitalization of more than C $ 10 million in profit for the week are included. Companies within the framework of non-energy minerals and energy minerals are considered.

Don’t forget to follow us@INN_Resource for real-time updates!

Disclosure of Securities: I, Georgia Williams, am not involved in any direct investment in any of the companies mentioned in this article.

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