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RSD Weekly Recap: Midas Gold (TSX-V:MAX), Kenadyr Mining (TSX-V: KEN), East West Petroleum (TSX-V:EW), Almadex Minerals (TSX-V:AMZ), Skyharbour Resources (TSX-V: SYH), Advantage Lithium (TSX-V: AAL)

April 3, 2017

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

Gold lost 0.2% for the week closing at $1,251 an ounce but was up 8.1% for the quarter, making it the first quarterly gain of the last 10 years.

Silver meanwhile added 0.3% for the week closing at $18.25 an ounce, but added a robust 13.5% for the quarter.

The gains were due in part to a weaker dollar which was flat for the week but settled down nearly 2% for the quarter.

Copper closed at $2.65/lb. adding 5.7% for the quarter.

Platinum closed at $951 per ounce for a quarterly gain of approximately 5% while palladium closed near the $800 per ounce level for a quarterly gain of approximately 17%.

The spot price of Uranium closed lower and settled back at the $23/lb. level while zinc closed a bit lower, setting at $1.24/lb.

Busy week here at Resource Stock Digest.

Midas Gold (TSX-V:MAX) reported more blockbuster numbers from its winter drill program at its Stibnite Gold project in Idaho. I spoke with (click for interview) CEO Stephen Quin on the latest results.

I also caught up with Kenadyr Mining (TSX-V: KEN) President Bryan Slusarchuk. Kenadyr began trading on Friday and has a very interesting project. You can listen to all the details here.

East West Petroleum (TSX-V:EW) CEO David Sidoo provided an update on important drilling in Romania and the company’s water flood program in New Zealand. The company has a tiny market cap and several potential near-term catalysts that could send shares much higher. You can listen to the interview with Mr. Sidoo here.

Almadex Minerals (TSX-V:AMZ) CEO Morgan Poliquin updated us on progress at El Cobre in Veracruz, Mexico. Two drills are turning and I expect results soon. The company has recently discovered outcropping high-grade gold mineralization. Click here for my interview with Morgan.

Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble continues to make deals. I had the pleasure of interviewing Jordan on the most recent deal on the East Preston property. Click here for the interview with Jordan.

Lastly, Advantage Lithium (TSX-V: AAL) finalized its acquisition of Orocobre’s properties and the company plans an aggressive drill program at Cauchari this month. You can listen to my interview with Advantage CEO David Sidoo here.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23538.10 0.22%
S&P 500 2596.77 0.09%
NASDAQ 6862.41 0.00%
TSX 16092.19 0.10%
TSX-V 793.09 0.00%

Resource Commodities

Name Last Change
Gold 1289.43 0.70%
Silver 17.11 0.88%
Copper 3.13 1.12%
Platinum 940.00 0.90%
Oil 56.83 0.72%
Natural Gas 3.02 0.99%
Uranium 24.25 N/A
Zinc 1.45 0.00%

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