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RSD Weekly Recap: Auryn Resources (TSX: AUG), Almaden Minerals (TSX: AMM), Potash Ridge (TSX: PRK), and Cordoba Minerals (TSX-V: CDB)

January 24, 2017

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

Gold has pushed past the $1,200 mark and is currently trading at $1217 per ounce.

Silver has also pushed higher, breaking the $17 per ounce mark and is currently trading in the $17.12 per ounce range.

Zinc closed the week at the $1.24/lb. level.

Palladium added 4.6% for the week closing at the $783 per ounce level while platinum dropped nearly 1% for the week closing at the $977 per ounce level.

Copper lost 2.4% for the week closing at $2.62/lb.. Brent crude managed a slight gain of 0.5% closing at $55.70 a barrel.

Uranium continues to show resilience and now trades near the $23/lb. level.

A busy week last week on the news front.

I had the pleasure of speaking with (click for interview) Executive Chairman of Auryn Resourcesn (TSX: AUG) Ivan Bebek.

Almaden Minerals (TSX: AMM) President & CEO Morgan Poliquin provided an update (click for interview) on the continued success of Almaden Minerals’ drill program at the Ixtaca deposit and progress on the upcoming pre-feasibility study.

Potash Ridge (TSX: PRK) COO & CFO Mr. Ross Phillips joined me (click for interview) to go over the improved economics at its Blawn Mountain sulphate of potash project and provided an update on upcoming catalysts for Potash Ridge.

It’s conference week in Vancouver, which means there will be plenty of newsflow. The week has already started with a blockbuster hole as Cordoba Minerals (TSX: CDB) hit 0.9 meters of 4,440 g/t gold, 10% copper, 24.7% zinc, and 347 g/t silver.

Shares surged 39% on the news. We’ll be chatting with CEO Mario Stifano tomorrow to get all the details.

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

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25413.20 0.49%
S&P 500 2736.27 0.22%
NASDAQ 7247.87 0.15%
TSX 15155.50 0.07%
TSX-V 624.51 0.00%

Resource Commodities

Name Last Change
Gold 1221.51 0.67%
Silver 14.41 0.90%
Copper 2.80 0.000
Platinum 846.50 0.000
Oil 56.46
Natural Gas 4.27 5.48%
Uranium 29.18 0.00%
Zinc 1.20 0.00%

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