The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened flat last Friday (August 20), trading at 20,215.36. It closed the five day period higher at 20,337.23.
The index broke its weekly gaining streak as oil prices fell, dragging demand for energy stocks.
On Friday, gold edged higher on the back of rising COVID-19 cases around the world, although the yellow metal’s gains were limited by a strong US dollar.
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Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
Here’s a look at those companies and the factors that moved their share prices last week.
1. NextSource Materials
Toronto-based NextSource Materials is a mine development company in the final development stage for its 100 percent owned Molo graphite project in Southern Madagascar. The Molo project is a fully permitted, feasibility-stage project and is the only project with SuperFlake graphite.
Last Wednesday (August 18), the company announced that project construction is on schedule and on budget at Molo, with commissioning set for the second quarter of 2022. Over the five day period, the company’s share price jumped 14.47 percent to end the week at C$2.69.
2. Atalaya Mining
Atalaya Mining produces copper concentrates with silver as a by-product at its wholly owned Proyecto Riotinto site in Southwest Spain. In addition, it has a phased earn-in agreement for up to 80 percent ownership of...
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