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RSD Weekly Recap: Almadex Minerals (TSX-V: AMZ), Fission Uranium (TSX: FCU), Cordoba Minerals (TSX-V: CDB), Revival Gold (TSX-V: RVG)

August 1, 2017

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

Gold closed at $1,269 for a weekly gain of over 1%.

Silver also closed higher, settling at $16.74 for a weekly gain of approximately 1.5%.

The dollar was down 0.7%, hitting a 13-month low last week to close at 93.34. I expect that by year-end we will see a much stronger dollar.

Copper has suddenly found support among the perma-bears, adding 5.5% to close at $2.85/lb.

Platinum closed relatively flat at $935 an ounce, adding $1 for the week.

Palladium closed at $872, up 3.7% for the week.

Oil was up over 9%, closing at $49.79 a barrel.

Zinc closed at the $1.26 level, adding a couple of cents.

Uranium continues to trade between the $20 and $21 a pound range.

Another busy week for the better companies in the junior space.

Almadex Minerals (TSX-V: AMZ) continues to deliver with the drill bit. The company reported assays that show a new high-grade component to the El Cobre copper-gold project.

I had the opportunity to speak with CEO Morgan Poliquin about the importance of the latest set of assays. I don’t believe this will be the last time El Cobre delivers high-grade copper-gold numbers.

Speaking of high-grade, Fission Uranium (TSX: FCU) continues to outline new, wide, high-grade mineralization at the world-class PLS uranium project.

I spoke with President and Chief Geologist Ross McElroy about the results and the plan moving forward.

I expect more results from Almadex this week, an update from Cordoba Minerals (TSX-V: CDB) CEO Mario Stifano, and I’ll introduce you to Revival Gold (TSX-V: RVG), a company that has one of the best management teams in the junior space and has established a dominant land position in Idaho.

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

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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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