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5 Top Weekly TSX Stocks: Lithium Americas Leads at 35 Percent Gain

Last week’s top-gaining stocks on the TSX were Lithium Americas, Belo Sun Mining, Kolibri Global Energy, Orocobre and Nickel Creek Platinum.
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This article was originally published by Investing News Network

The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened higher last Friday (August 13), trading at 20,557.34. It closed the five day period at 20,515.38.

The index was on track to hit its fourth consecutive weekly gain, receiving a boost from mining stocks on the last day of trading.

On Friday, gold and silver were headed for a weekly loss as uncertainties over the US Federal Reserve’s stimulus program plans put pressure on prices.

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Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:

  • Lithium Americas (TSX:LAC)
  • Belo Sun Mining (TSX:BSX)
  • Kolibri Global Energy (TSX:KEI)
  • Orocobre (TSX:ORL)
  • Nickel Creek Platinum (TSX:NCP)

Here’s a look at those companies and the factors that moved their share prices last week.

1. Lithium Americas

Lithium Americas owns the Thacker Pass lithium claystone project in Nevada, US. With an initial Phase 1 capital cost of US$581 million, the project will have an output capacity of 60,000 tonnes per annum (tpa).

In addition to Thacker Pass, Lithium Americas, together with Chinese top lithium producer Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460), is developing the Caucharí-Olaroz project in Jujuy, Argentina. Construction activities at Caucharí-Olaroz remain on track to achieve first production by mid-2022.

Last week, the company saw its share price increase 35.41 percent to C$23.90.

2. Belo Sun Mining

Canadian gold explorer Belo Sun Mining is focused on developing its Volta Grande project. Located in Brazil, the project has undergone a complete feasibility study, which was finished in March 2015.

The company did not release any news last week, but Belo Sun’s share price jumped 27.66 percent to end the period at C$0.60.

3. Kolibri Global Energy

Kolibri Global Energy is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy. Through various subsidiaries, the company owns and operates energy properties in the US.

 

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Over the five day period, the company’s share price jumped 21.43 percent to end the week at C$0.085.

4. Orocobre

Argentina-focused Orocobre is an industrial chemicals and minerals company operating a portfolio of lithium, potash and boron projects and facilities in the Puna region of Northern Argentina.

The company has built, in partnership with Toyota Tsusho (TSE:8015) and the investment division of the Jujuy provincial government, the first large-scale, greenfield brine-based lithium project in approximately 20 years at the Salar de Olaroz, with planned production of 42,500 tpa of low-cost lithium carbonate.

Additionally, Orocobre and Toyota Tsusho have commenced construction of a 10,000 tpa lithium hydroxide plant in Naraha, Japan. In 2021, Orocobre made news headlines after it announced its merger of equals with Australia’s Galaxy Resources in a AU$4 billion deal to create a top five lithium company.

The company did not release any news last week, but shares jumped 17.51 percent to end at C$9.06.

5. Nickel Creek Platinum

Yukon-focused Nickel Creek Platinum is working to advance its 100 percent owned Nickel Shäw project towards becoming Canada’s next world-class nickel sulfide mine. The company’s asset is host to over 2 billion pounds of nickel, 1 billion pounds of copper, 6 million ounces of platinum-group metals and 120 million pounds of cobalt in the measured and indicated categories.

The company did not release any news last week, but Nickel Creek Platinum nevertheless saw its share price increase 12.5 percent to C$0.09.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST using TradingView’s stock screener. Only companies with market capitalizations greater than C$50 million prior to the week’s gains are included. Companies within the non-energy minerals and energy minerals are considered.

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

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

 

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The post 5 Top Weekly TSX Stocks: Lithium Americas Leads at 35 Percent Gain appeared first on Investing News Network.

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Avrupa extends massive sulphide mineralization at Sesmarias

 
In Stepember, Avrupa Minerals (AVU.V) released the assay results of four more holes drilled on the Sesmarias project in Portugal, where joint venture…

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In Stepember, Avrupa Minerals (AVU.V) released the assay results of four more holes drilled on the Sesmarias project in Portugal, where joint venture partner MATSA (which is in the process of being acquired by Sandfire Resources (SFR.AX) is earning a majority stake.

Two holes, 39 and 40, contain the most important mineralization. Hole 39 intersected 39.2 meters of 0.44% copper, 0.71 g/t gold, 27.1 g/t silver and just under 3% ZnPb with some higher grade intervals in the separate gold-zinc and polymetallic zones.

Hole 40 was equally interesting with 36.45 meters containing 0.72% copper, 0.36 g/t gold and 21 g/t silver with 0.82% lead as additional ‘kicker’. This includes an area of 4 meters containing 1.32% copper, 3.86% lead, more than 2 ounces of silver per tonne of rock as well as 0.67 g/t gold within a thicker interval of 11meters containing 1.05% copper and 1.64% lead (with some additional precious metals credits like 0.51 g/t gold and 39.2 g/t silver).

As of the time of the press release, the joint venture had completed 11 holes for almost 6,000 meters and the total amount of meters and holes drilled has obviously increased by now as hole 42 was in the process of being drilled and Avrupa confirmed it would continue to drill further on the 350S section to test for potential downdip massive sulphide mineralization and the drill rig will be positioned about 40 meters northeast of where hole 40 was drilled.

Avrupa seems to be genuinely pleased with the drill results, and CEO Kuhn notices the mineralized interval in hole 39 is the longest interval encountered by the joint venture and it shows higher grades as the drill program moves further south. It will be interesting to see if the future holes, which will be drilled further towards the south, will continue to see the base and precious metals grades pick up.


Disclosure: The author has a long position in Avrupa Minerals. Please read our disclaimer.

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Precious Metals

Shares Up 4.50% Today – Avino Silver Produces 285,464 AgEq oz From Avino Mine in Q3

Avino Silver & Gold Mines Ltd. [ASM-TSX, NYSE American; GV6-FSE] reported that production of 285,464…

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Avino Silver & Gold Mines Ltd. [ASM-TSX, NYSE American; GV6-FSE] reported that production of 285,464 silver equivalent ounces, consisting of 77,935 ounces of silver, 1,183 ounces of gold, and 685,535 pounds of copper, was achieved in the third quarter 2021 from its 100%-owned Avino mine property near Durango, Mexico.

“We are very pleased to announce our third quarter production results which followed a period of operational closure,” said David Wolfin, president and CEO. “The entire Avino team worked tremendously hard to assist in the resumption of operations in August, and successfully achieve production for the quarter. Moving forward, we aim to steadily increase production to reach the levels established prior to the closure. I am also thrilled that training programs are ongoing at the mine as we look to further build a local work force.”

Q3 2021 highlights

Avino mine successfully recommenced operations: Underground mining operations are now hauling between 1,000 and 1,500 tonnes per day to surface on a daily basis, with the mill operating at a similar capacity. The company is working toward achieving preshutdown levels of mine and mill production. Current plant capacity remains at 2,500 tpd.

Increase in overall feed grades from the Avino mine: Silver, gold and copper grades increased by 16%, 138% and 18%, respectively, compared with the last quarterly production period of Q2 2020.

Increase in copper recovery rates from the Avino mine: Copper recovery rose to 94% from 90%, and metal grades across the board where higher when compared with the last quarterly production period of Q2 2020.

During Q3 2021 production came primarily from the Avino Mine. The company is currently mining and milling from the Avino mine only. As part of the ramp-up of operations 10,806 tonnes of historic above-ground stockpile material having been processed during Q3 2021. Production from this material totalled 15,784 silver equivalent ounces, consisting of 9,336 ounces of silver, 58 ounces of gold and 12,584 pounds of copper, and there was no comparable production from Q2 2020.

Avino production highlights for Q3 2021 (compared with Q2 2020 – most recent quarter of production). Silver equivalent production increased 70% to 269,680 ounces. Copper production increased by 46% to 672,951 pounds. Silver production increased by 36% to 68,599 ounces. Gold production increased by 179% to 1,125 oz.

At the end of September, a total of 12,179 metres of drilling have been completed at the Avino property. The main areas for Q3 exploration include the oxide tailings, the area below current mining operations at Avino, as well as the highly prospective area of La Potosina.

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Precious Metals

Falcon Gold Stakes Claims Near Lithium Discovery, Shares Rise 10% Today

Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its…

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Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its Hope Brook project in Newfoundland, picking up ground near the maritime province’s first reported discovery of significant lithium mineralization.

The company said it has now staked a total of 1,660 claims, covering 41,500 hectares, which are strategically located and contiguous to First Mining Gold Corp. [FF-TSX, FFMGF-OTCQX, FMG-Frankfurt, Sokoman-Benton and Marvel Discovery Corp. [MARV-TSXV, MARVF-OTCQB, 04T1-Frankfurt].

After forming a gold exploration alliance, Sokoman and Benton recently made headlines by announcing a lithium pegmatite discovery at Hope Brook, less than 400 metres from Falcon’s newly expanded property boundary.

Sokoman and Benton said the area containing lithium-bearing pegmatite dykes, now known as The Kraken Pegmatite Swarm, measures approximately 2.2 kilometres long by 0.85 kilometres wide. They said assays from rock samples have shown that the dyke system contains economic grades of lithium (including 1.04% Li20), is widespread and open along strike.

“The highly prospective ground held by Falcon shows various lithium clusters that may extend on the company’s ground,” Falcon said in a press release.  Falcon is currently evaluating the data from government reports, which include high-resolution radiometric and magnetic surveys.

Falcon shares advanced on the news, rising 10% to 11 cents on volume of 256,000. The shares are currently trading in a 52-week range of 16 cents and $0.075.

Falcon Gold is an Americas focused exploration company. In Ontario, its portfolio of projects includes the flagship Central Canada gold project, which is located 21.5 kilometres east of Atikokan, and about 160 kilometres west of Thunder Bay and 20 kilometres southeast of Agnico Eagle Mines Ltd.’s (AEM-TSX, AEM-NYSE) Hammond Reef gold deposit.

The company holds six additional gold projects: the Camping Lake gold property and Springpole west property near Red Lake, Ont.; a 49% stake in the Burton gold property with Iamgold Corp [IMG-TSX, IAG-NYSE] near Sudbury, Ont.; in British Columbia, the Spitfire-Sunny Boy and Gaspard gold claims; and most recently the Hope Brook.

Falcon CEO Karim Rayani said the Sokoman-Benton discovery speaks to the multi-commodity nature of the large land package which his company has acquired. “Falcon’s land is situated in a very active structural corridor, giving us a tremendous opportunity for finding the next potential discovery in this camp,” he said.

Within this immediate area, the most significant deposit is the Hope Brook gold mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook, now owned by First Mining, has since been optioned to Big Ridge Exploration, which has outlined an additional 6.33 million tonnes at an average grade of 4.68 g/t gold or 954,000 ounces in the indicated and inferred categories.

 

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