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RSD Weekly Recap: Cordoba Minerals (TSX-V: CDB), Midas Gold (TSX: MAX), Leading Edge Materials (TSX-V: LEM), Auryn Resources (TSX: AUG), Advantage Lithium (TSX-V: AAL)

January 31, 2017

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

Gold was down approximately 1% last week and closed at the $1,190 level.

Silver managed a slight weekly gain of 0.5%, this as the major stock indices reached new highs and the dollar showed some resilience bouncing off the important 100 level.

Copper had another strong week. This time adding 2% and closing near th e$2.70/lb. level.

Palladium was down over 6% closing at $740 per ounce but platinum managed to add 0.5% for the week and closed at $979 per ounce.

Uranium finally breached the $24 level. If you haven’t already done so it’s time to start looking at the best uranium juniors and initiating mid-long term positions.

Oil prices were higher for the third week in a row with West Texas Intermediate crude closing the week at $53.24 a barrel. a gain of 1.5% for the week.

Big news out of Cordoba Minerals (TSX-V: CDB)(OTC: CDBMF) as the company hit 4,440 g/t gold along with impressive copper, zinc and silver grades, over 0.9 meters in what the company is calling a new discovery.

I spoke with (click for interview) CEO Mario Stifano about the news. I expect a busy year out of Cordoba and the San Matias project.

Midas Gold (TSX: MAX)(OTC: MDRPF) also continues to hit high -grades of gold and antimony from surface at its Stibnite project in Idaho. A project that under a new Trump administration may become a lot more appealing to a major as permitting could potentially be fast-tracked.

Remember that the project not only has a world-class gold asset but also has very important antimony credits that could provide a strategic advantage in the permitting process.

I spoke with (click for interview) CEO Stephen Quin about the latest results and the plans for 2017.

I spoke with CEO of Leading Edge Materials (TSX-V: LEM)(OTC: LEMIF) (click for interview) Blair way who provided an update on its graphite high-grade purity qualification process. 

Auryn Resources (TSX: AUG)(OTC: GGTCF) closed (click for NR) its strategic investment by Goldcorp.

Advantage Lithium (TSX-V: AAL)(OTC: AVLIF) provided an update (click for NR) on its pending transaction with Orocobre and the $20 million financing it is looking to close in February and K2 Mining announced (click for NR) multiple high-grade intersections at its Irumafimpa area at the Kainantu Gold Mine.

That’s all for this week. This is Gerardo Del Real with Resource Stock Digest.


 


 

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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 16083.07 0.06%
TSX-V 791.36 0.00%

Resource Commodities

Name Last Change
Gold 1291.20 0.07%
Silver 17.09 0.35%
Copper 3.13 0.29%
Platinum 934.50 0.03%
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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