Gold Explorer Moves Higher on Resource Update

Osisko Mining Inc. (TSX:OSK), a gold explorer, moved up after announcing an updated resource estimate for its Windfall gold deposit

Sean Mason | February 20, 2020 | SmallCapPower

A big resource increase boosted shares of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, February 20, 2020 (as of 4 pm EST):

Osisko Mining Inc. (TSX:OSK) shares climbed 5% to $3.89 on Thursday after the gold explorer announced an updated mineral resource estimate for its 100% owned Windfall gold deposit in Québec, which showed a 60% increase in the Indicated resource estimate along with an Inferred mineral resource estimate that rose 66%.

Win Big With Our Small Cap Picks


As well, shares of MediPharm Labs Corp. (TSX:LABS) gained 3% to $3.14 as the cannabis extraction company said Shoppers Drug Mart has selected its wholly-owned subsidiary to supply cannabis concentrate products to medical patients nationally in Canada through its online platform.

CEMATRIX Corporation (TSXV:CVX), meanwhile, reported that it has been awarded a new U.S. infrastructure project with a value in excess of C$15.7 million. CEMATRIX stock moved up 15% to $0.54 following the announcement.

Finally, Amerigo Resources Ltd. (TSX:ARG) shares slid 13% to $0.405 after the junior copper miner announced that it swung to a Fiscal 2019 net loss of US$9.4 million from a profit of US$10.5 million during 2018.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: