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RSD Weekly Recap: GoldMining Inc. (TSX-V: GOLD), Hannan Metals (TSX-V: HAN), K92 Mining, (TSX-V: KNT), Revival Gold (TSX-V: RVG)

August 8, 2017

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

Gold pulled back and closed at $1,259 an ounce for a weekly loss of approximately 0.8%.

Silver closed at $16.26, down approximately 3%.

This as the dollar gained 0.1%, closing at 93.45.

Platinum closed higher adding 3% and closing at $964.

Palladium lost approximately 1%, closing at $864.

Copper closed at $2.87 /lb. for a 0.7% weekly gain.

Oil closed at $49.49 a barrel for a weekly loss of approximately 0.6%.

Uranium continues to trade flat, closing at $20.25/lb.

Zinc closed at $1.27 lb. for the week and has now broken through the $1.30/lb. level.

Another busy week here at Resource Stock Digest.

I caught up with GoldMining Inc. (TSX-V: GOLD) Chairman Amir Adnani who went over the Yellowknife acquisition and how he’s used the cyclical nature of the resource space to build a portfolio of properties designed to provide leverage at higher gold prices.

I also spoke with Hannan Metals (TSX-V: HAN) CEO Michael Hudson. Hannan just announced a $2 million financing which will be used to advance the Kilbricken zinc project toward the stated goal of 10 million tonnes @ 10% zinc, which would make Hannan an obvious takeout target.

K92 Mining (TSX-V: KNT) President Bryan Slusarchuk went over the two-pronged approach of exploring and producing at the Kora deposit and Irumafimpa.

I also had the pleasure of chatting with Revival Gold (TSX-V: RVG) CEO Hugh Agro. Revival recently increased its land position to nearly 5,900 acres in Idaho. Revival is positioning itself well for the next leg up in the gold space.

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

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MARKET SUMMARY

INDICES

Name Last Change
DOW 24809.80 0.64%
S&P 500 2693.55 0.66%
NASDAQ 7000.64 0.92%
TSX 16138.75 0.60%
TSX-V 805.15 0.00%

Resource Commodities

Name Last Change
Gold 1261.34 0.48%
Silver 16.14 0.56%
Copper 3.11 1.98%
Platinum 912.50 1.77%
Oil 57.30 0.45%
Natural Gas 2.61 2.76%
Uranium 24.25 N/A
Zinc 1.44 0.00%

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