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RSD Weekly Recap: Riverside Resources (TSX-V: RRI); First Cobalt (TSX-V: FCC)

May 16, 2017

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

Gold was pretty much flat last week, closing at $1,227 an ounce. Silver closed higher, registering a weekly gain of nearly 1%, closing at $16.44 an ounce.

Platinum closed at $918 an ounce for a weekly gain of nearly 1% but palladium traded lower, settling at $805 an ounce for a weekly loss of approximately 1.2%.

Copper closed at $2.52 a pound for a weekly loss of 0.2%, all this while the dollar pushed higher for a weekly gain of 0.7%.

Oil surged higher for a weekly gain of 3.5%, closing near the $48 a barrel level while uranium closed the week at the $21 a pound level.

Zinc continues stuck below $1.20 a pound, for now, closing at $1.16 a pound.

I had the opportunity to speak with Riverside Resources CEO John-Mark Staude about the self-funded exploration program at the Cecilia gold project in Sonora, Mexico. It should be a busy month for Riverside as we are also waiting on assays from the Glor project that is currently being drilled with partner Centerra Gold.

I also had the pleasure of talking with First Cobalt CEO Trent Mell on the portfolio of exciting cobalt and copper projects. The company is a real company with real people doing very good work. I encourage everyone to take a second and get familiar with the story.

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 23358.20 0.43%
S&P 500 2578.85 0.26%
NASDAQ 6782.79 0.15%
TSX 15998.57 0.40%
TSX-V 799.35 0.00%

Resource Commodities

Name Last Change
Gold 1294.20 1.20%
Silver 17.31 1.33%
Copper 3.06 0.62%
Platinum 952.00 1.56%
Oil 56.55 2.49%
Natural Gas 3.10 1.42%
Uranium 24.25 N/A
Zinc 1.45 0.00%

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