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RSD Weekly Recap: Golden Arrow Resources (TSX-V: GRG), Coroba Minerals (TSX-V: CDB), Almadex Resources (TSX-V: AMZ), Millrock Resources (TSX-V: MRO)

January 9, 2017

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold pushed higher once again, trading up for the second week in a row. Gold closed at $1,173 adding 1.8% last week.

Silver closed at $16.15 per ounce gaining 3.3%. Copper added 1.5% for the week closing at 2.55/lb.

Palladium soared 11% last week closing at $758 per ounce while platinum was up 7.2% closing at $971 over ounce.

Uranium closed in on $22/lb and closed in the $21 range, while Brent crude closed near $57 a barrel.

I had the opportunity to chat with (click for interview) Brian McEwen, VP of Exploration & Development for Golden Arrow Resources who provided an update on the option agreement with Silver Standard and future catalysts.

I also was able to speak with (click for interview) Cordoba Minerals CEO Mario Stifano on the initial resource for the Alacran target, the JV deal with Robert Friedland’s HPX and what to expect in 2017 from Cordoba Minerals.

Almadex Minerals released (click for 60 second release) more impressive results from the El Cobre project in Veracruz, Mexico.

Millrock Resources President & CEO Greg Beischer provided an update (click for interview) on the new strategic alliance with Centerra Gold.

That’s all for this week. Stay tuned for a busy week of news.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23526.20 0.27%
S&P 500 2597.08 0.08%
NASDAQ 6867.36 0.07%
TSX 16074.30 0.00%
TSX-V 792.78 0.00%

Resource Commodities

Name Last Change
Gold 1291.80 0.22%
Silver 17.14 0.35%
Copper 3.13 0.29%
Platinum 941.27 0.08%
Oil 58.02 2.05%
Natural Gas 2.97 1.65%
Uranium 24.25 N/A
Zinc 1.48 0.00%

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