5 Top Weekly TSX Stocks: Mawson Gold Rises on Southern Cross Drill Results

Weekly gain: 28.41 percent; market cap: C$83.43 million; current share price: C$0.28

Explorer and developer Mawson Gold is focused on Nordic countries and has its flagship Rajapalot gold-cobalt project in Finland. The company also has right to earn into the Skellefteå North gold project in Sweden, and holds a 51 percent stake in Southern Cross Gold (ASX:SXG), which has assets in the Australian state of Victoria.

Last Tuesday (September 50), Mawson shared results from six drill holes completed at Southern Cross’ Sunday Creek project. According to the company, hole SDDSC077B exceeds the property’s previous best hole by almost three times and has the highest grades seen so far at Sunday Creek; it also includes the best intersection at the project.

Mawson’s share price rose 28.41 percent on the news to close at C$0.28.

Weekly gain: 17.49 percent; market cap: C$348.04 million; current share price: C$6.45

With a focus on Colombia, Collective Mining has options to acquire 100 percent stakes in the Guayabales and San Antonio projects. Both host porphyry targets, and are in close proximity to each other along the Panamerican Highway.

The company’s management team is known for developing and selling Continental Gold to China’s Zijin Mining (OTC Pink:ZIJMF,HKEX:2899,SHA:601899) for about US$2 billion in enterprise value.

Collective shared two pieces of news last week. On Tuesday, the company graduated from the TSXV to the TSX, and on Thursday (September 7), it released assay results from the Apollo system at Guayabales. Executive Chairman Ari Sussman said the system continues to grow, and noted that expansion efforts will continue at the asset this year and into next year.

‘Our corporate strategy for the Guayabales project … is to focus on growth through the drill bit by looking to grow the sheeted vein and brecciated porphyry systems at Apollo and testing the six targets which surround it,’ he said.

Weekly gain: 13.04 percent; market cap: C$101.49 million; current share price: C$0.52

Forsys Metals owns the Namibia-based Norasa uranium project, which is made up of the Valencia and Namibplaas properties. A 2015 definitive feasibility shows Norasa is capable of producing 5.2 million pounds of U3O8 per year.

There was no fresh news from Forsys last week, but company shares rose 13.04 percent to end at C$0.52.

Weekly gain: 11.11 percent; market cap: C$211.98 million; current share price: C$0.40

Northern Dynasty Minerals holds the Alaska-based Pebble project, which it says is the most significant undeveloped copper and gold resource in the world. Although the company has hit various stumbling blocks as it attempts to move forward at Pebble, it remains optimistic — one recent development highlighted by Northern Dynasty is that the State of Alaska has taken the US Environmental Protection Agency to court over its veto decision on Pebble.

Last week, Northern Dynasty completed and filed an updated preliminary economic assessment for Pebble. It outlines production, financial and cost estimates for a 20 year, 180,000 metric ton per day open-pit operation.

The company’s share price rose 11.11 percent on the news to finish last week at C$0.40.

Weekly gain: 9.58 percent; market cap: C$370.12 million; current share price: C$1.83

Global Atomic has two divisions focused on uranium mine development and zinc concentrate production.

Its uranium division includes its flagship Dasa project in Niger, which is fully permitted for commercial production. Meanwhile, the company’s base metals division holds a 49 percent stake in the Befesa Silvermet Turkey joint venture, which runs a zinc production plant. Befesa Zinc owns the other 51 percent and is the operator of the asset.

Global Atomic hasn’t released news since August 10, but it went up last week by 9.58 percent to hit C$1.83.