Blue Sky Uranium: Argentina’s Emerging Uranium Resource Developer
Hodgson also spent time running Goldman Sachs’ (NYSE:GS) Canadian operations, where he advised the Bank of Canada during Carney’s tenure as the central bank’s governor.
South of the border, the United States Bureau of Labor Statistics released April’s consumer price index (CPI) data on Tuesday, reporting that all-items inflation rose by 0.2 percent on a monthly basis, as did core CPI, which doesn’t include the volatile food and energy categories.
The figures indicate a reversal in the deceleration seen over the past few months. During that time, all-items inflation slowed from a 0.5 percent increase in January to a 0.2 percent gain in February before recording a 0.1 percent decline in March. Similarly, core CPI had slowed to a 0.1 percent increase in March.
On an annualized basis, CPI posted a 2.3 percent increase, down from the 2.4 percent recorded in March. However, core CPI remained steady at 2.8 percent.
Markets and commodities react
In Canada, major indexes were mixed at the end of the week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.07 percent during the week to close at 25,971.93 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.93 percent to 672.84 and the CSE Composite Index (CSE:CSECOMP) shed 0.5 percent to 119.01.
US equities were in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 2.6 percent to close at 5,958.37, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.88 percent to 21,412.91 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.8 percent to 42,654.75.
The gold price was in decline this week, posting a loss of 3.75 percent, to close Friday at US$3,199.69. The silver price was also down, shedding 1.37 percent during the period to US$32.28.
In base metals, the COMEX copper price fell 2.34 percent over the week to US$4.60 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a small gain of 0.31 percent to close at 533.11.
Top Canadian mining stocks this week
How did mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Canadian mining stocks below.
Stock data for this article was retrieved at 3 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.
1. Foremost Clean Energy (CSE:FAT)
Weekly gain: 133.11 percent
Market cap: C$29.88 million
Share price: C$3.45
Foremost Clean Energy is a uranium explorer advancing projects in Saskatchewan’s Athabasca Basin. In 2025, its primary focus has been its Hatchet Lake property, part of its Eastern Athabasca projects. The site consists of nine mineral claims within two blocks covering an area of 10,2012 hectares and has seen exploration dating back…
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