Last week’s top-gaining mining stocks on the TSXV were Sintana Energy, PetroFrontier, Gratomic, North Peak Resources and St. James Gold.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) trended downward last week, closing on Friday (March 5) at 919.09 after opening at 1,039.47 on Monday (March 1).
Last week brought downward momentum for many commodities, including gold, which dropped below US$1,700 per ounce, reaching its lowest level since mid-2020.
Oil prices, however, have trended higher in the first week of March, with Brent crude rising above US$70 per barrel on Sunday (March 7). The increase came after top oil exporter Saudi Arabia said there had been an attack on the country’s energy facilities, pulling security of global supply into question.
Last week’s top-gaining TSXV mining stocks were Red Pine, Chilean Metals, Stratabound Minerals, Beauce Gold Fields and Vertical Exploration.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last Friday (February 26) at 1,018.42, down from its open of 1,100.48 at the start of the week.
In the commodities space, gold fell below US$1,800 per ounce last week, while its sister metal silver briefly neared the US$30 per ounce mark before dropping back below US$27.
Base metals fared better, with copper continuing its hot streak by registering a 10 year high.
Beauce Gold Fields (TSXV:BGF)
Vertical Exploration (TSXV:VERT)
Here’s a look at what may have moved their share prices over the last five days.