Canadian mining stocks have continuously proven to be a significant area of focus for investors in the resource market, and this week was no different. Highlighting the top performers, five particular Canadian mining stocks stood out, with Orosur Mining Inc. leading the pack after they surged by a whopping 78 percent. This significant surge was largely due to the announcement of their acquisition of the Anzá project.
1. Orosur Mining Inc.
Ranked first amongst the top-gaining mining stocks this week is Orosur Mining Inc., a British Columbia-based gold exploration and production company. Notably, the company’s share value surged by 78 percent following the announcement that they had taken hold of the Anzá project. The Anzá project is a gold exploration project located in the Mid Cauca Belt in the Antioquia Department of Colombia.
Securing this project gives Orosur an advantageous position for significant discoveries, as the project is data-rich with multiple, high-grade gold occurrences across the property. The company intends to follow up these occurrences with systematic exploration and drilling, creating a potential upside for investors as Orosur could reveal more gold discoveries in the future.
2. McEwen Mining Inc.
Coming second on the list is McEwen Mining Inc., another gold and silver producer with operations in the Americas. This week, the company witnessed a share rise of 30 percent. The increase is a result of the company’s recent announcement that it would be returning to full production at the company’s Gold Bar mine in Nevada after fixing the operational issues that occurred in the past.
3. Brigadier Gold Limited
Third, Brigadier Gold Limited, a relatively new face in the mining sector, experienced an increase of 15 percent in share price. Brigadier Gold entered into a definitive agreement for an option to acquire the Picachos gold-silver property, located in Sinaloa, Mexico. This acquisition ensures new income streams and diversifies the company’s portfolio, thus adding value for the shareholders.
4. Ascot Resources Ltd.
Fourth on the list is Ascot Resources Ltd., achieving an 11 percent increase in its share price. Ascot has been steadily gaining recognition for its gold and silver mining operations in British Columbia. The company’s recent successes can be attributed to the consistent high-grade gold and silver findings in their Premier and Red Mountain Projects.
5. Wallbridge Mining Company Limited
Finally, Wallbridge Mining Company Limited, despite being last on this list, still merits investor attention with a 9 percent increase this week. Wallbridge’s Fenelon Gold project in Quebec continues to produce promising drilling results, thus ensuring investor trust in the company’s capabilities and potential for growth.
Thus, such considerable advancements in their respective projects have helped inflate the share value and overall importance of these five Canadian mining stocks. It is evident from advancement like Orosur’s that the mining sector in Canada continues to offer substantive opportunities for investors. It will be of great interest to see how these stocks continue to progress in the coming weeks.
