TSXV Stock Gainers to Watch

The action on the TSX Venture Exchange continued to be frenetic on Monday, and naturally, there were a number of stocks that emerged as major gainers. Many of those stocks would possibly be in action today once again. This feature would provide you with a closer look into five of the notable gainers from the exchange yesterday.

Minaurum Gold Inc. (TSXV: MGG) The company was in sharp focus yesterday among investors, and its stock ended up with gains of 12% for the day amidst strong interest. On May 2, Minaurum Gold Inc. announced that it had been successful in concluding the best efforts private placement of 22,785,000 units for C$0.25 each to raise gross proceeds of C$5,696,250. Each unit constituted one common share in the company and one half of a common share purchase warrant. The holder of a whole warrant would be entitled to pick up a share of the company for the price of C$0.34 up until May 2, 2026.

Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) Following a major new announcement from the company yesterday, the stock took off and went up by 10%. Hercules Silver Corp. announced yesterday that the three core drilling rigs at its Hercules Silver Property had been fully mobilized and engaged in drilling the first three holes as part of a thorough 20,000-meter drilling program. The company also revealed that it had hired the services of Idaho-based Timberland Drilling to manage the program at the property located in western Idaho. The drilling program would consist of 200-meter centers alongside the NW-SE fences and start to the west of the discovery area.

Northisle Copper and Gold Inc. (TSX-V: NCX) There was no news about the company yesterday, but the stock was in action all the same and jumped 9%. Northisle Copper and Gold Inc. announced on April 1 that its Board of Directors had approved the issuance of 150,000 stock options as per the provisions of the incentive stock option plan of the company. The options would allow for the purchase of 150,000 common shares in the company for a price of $0.50 each. The options are valid for 5 years and could be vested 12 months from the date of issuance.

Santacruz Silver Mining Ltd. (TSXV: SCZ) In light of the 9% gain recorded by the stock yesterday, the company could also be worth looking into. On May 2, Santacruz Silver Mining Ltd. announced its financial results for the fourth fiscal quarter and the full fiscal year of 2023. In the 2023 financial year, the company processed 1883446 tons of material, which reflected a year-on-year uptick of 14%. Santacruz Silver Mining also produced 22,641,052 silver equivalent ounces, which worked out to an increase of 25% from the previous year.

SouthGobi Resources Ltd. (TSX-V:SGQ) On May 2, the company came into focus after it announced that the board of directors would approve the financial results as well as those of its subsidiaries on May 14 for the quarter ended on March 31, 2024. SouthGobi Resources Ltd. announced at the time that the financial results would be released on the same day. The company’s stock, which is also listed on the Hong Kong Stock Exchange, recorded gains of 8.5% yesterday.