Last week’s top-gaining mining stocks on the TSXV were Argentina Lithium & Energy, West High Yield Resources, Tsodilo Resources, Fancamp Exploration and Arena Minerals. The S&P/TSX Venture Composite Index (INDEXTSI:JX) took a tumble last week, sinking from its opening point of 940.63 to close on Friday (July 16) at 907.68. The Bank of Canada held its key interest rate at a record low of 0.25 percent last week and cut its weekly net purchases of Canadian government bonds to a target of C$2 billion. It also shared a largely optimistic outlook on the country’s economy, saying that the threat of COVID-19 is waning, although inflation is likely to stay hot in the near term.