Against that backdrop, which resource stocks on the TSX Venture exchange were up the most?
Weekly gain: 50 percent; market cap: C$15.41 million; current share price: C$0.015
Gabriel Resources is a precious metals explorer and developer focused on advancing its Rosia Montana gold project. Based in Transylvania, Romania, Rosia Montana is in a region that has seen significant historic mining. Covering 2,388 hectares, the site is host to a mid-to-shallow epithermal system containing deposits of gold and silver.
Gabriel has invested more than US$760 million into Rosia Montana, but has undertaken little development at the site since the early 2010s, as Romania blocked further development.
Weekly gain: 46.87 percent; market cap: C$17.16 million; current share price: C$0.235
Turmalina Metals is a gold, silver and copper explorer that is developing a portfolio of projects in South America. Its primary site is the San Francisco project, located in San Juan, Argentina. The asset covers 40,340 hectares and contains seven priority targets, including the high-grade epithermal gold vein system at its Veta Rica discovery.
Weekly gain: 44.44 percent; market cap: C$42.41 million; current share price: C$0.195
The company said exploration at the site has continued to generate positive results that indicate the average grade of the deposit could be higher than shown in the previous mineral resource estimate.
Weekly gain: 40 percent; market cap: C$513.66 million; current share price: C$1.40
Sintana Energy is a petroleum and natural gas explorer and developer with working interests in several petroleum exploration licenses (PELs) in Africa and Latin America.
Weekly gain: 37.5 percent; market cap: C$18.62 million; current share price: C$0.11
BeMetals is a gold and copper explorer that has spent 2024 working to advance its Pangeni copper project in Zambia. The project is located in Northwestern Zambia along the western edge of the Central African Copperbelt. BeMetals has been actively exploring the property since 2020 and has identified several areas with copper mineralization.
The company said exploration of the site indicates significant scale and shows the potential for the discovery of a tier-one copper deposit.
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, while the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
As of September 2023, there were 1,713 companies listed on the TSXV, 953 of which were mining companies. Comparatively, the TSX was home to 1,789 companies, with 190 of those being mining companies.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Leave a Reply