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RSD Weekly Recap: Mawson Resources (TSX: MAW), Cordoba Minerals (TSX-V: CDB), Millrock Resources (TSX-V: MRO)

August 14, 2018

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

Gold continued its slide lower, settling at $1,211 and losing $3 on the week.

Silver settled at $15.27/oz. for a weekly loss of approximately 0.8%.

The Dollar continues to surge higher, settling at 96.33 for a weekly gain of 1.2%.

Copper managed to add two pennies, settling at $2.78/lb.

Platinum was relatively flat, losing $3 and settling at $826/oz.

Palladium also relatively flat, picking up one dollar and settling at $904/oz.

Zinc settled at $1.16/lb. for a weekly loss of approximately 5%.

Oil settled lower once again, closing at $67.75 for a weekly loss of nearly 1%.

Uranium continues its orderly march upwards, settling at $26.05/lb. for a weekly gain of 0.7%.

Mawson Resources (TSX: MAW) CEO Michael Hudson joined me  to go over the emerging cobalt contributions to an already exciting gold project in Finland. He also went over how he’s managed to play the cyclicality in the junior resource space to his advantage.

Cordoba Minerals (TSX-V: CDB) CEO Mario Stifano went over the company’s reasoning for engaging in another dilutive round of financing with majority owner HPX as the principal beneficiary.

On a positive note the company seems to be zeroing in on extensions for Alacran and exciting new targets.

Millrock Resources (TSX-V: MRO) CEO Greg Beischer provided an overview of results from La Navidad and went over what shareholders can expect the next couple of quarters.

That’s all for this week. Everything’s still on sale. Being a contrarian means you buy at lows. That opportunity is there in spades right now. That won’t always be the case.

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

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25706.70 0.36%
S&P 500 2809.21 0.03%
NASDAQ 7642.70 0.04%
TSX 15529.90 0.32%
TSX-V 693.12 0.00%

Resource Commodities

Name Last Change
Gold 1221.15 0.06%
Silver 14.50 0.69%
Copper 2.77 0.000
Platinum 830.50 0.08%
Oil 69.75 3.11%
Natural Gas 3.32 2.44%
Uranium 27.68 0.00%
Zinc 1.19 0.00%

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