RSD Weekly Recap: Mawson Resources (TSX: MAW), K2 Gold (TSX-V: KTO), K92 Mining (TSX-V: KNT), Proven & Probable’s Maurice Jackson
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Interesting week during interesting times.
Gold gained nearly 1% last week, settling at $1,345/oz.
Silver followed suit, gaining nearly 2% and settling at $16.62/oz.
The dollar settled at 89.76 for a weekly loss of approximately 0.5%.
Copper settled at $3.08/lb., picking up three pennies for the week.
Platinum settled at $930 for a weekly gain of nearly 2%.
Palladium stopped the bleeding, gaining approximately 9.4% and settling at $982/oz.
Zinc closed at approximately $1.42/lb. for a weekly loss of 3.4%.
Oil surged, gaining 8.5% and settling at $67.25/barrel.
Uranium settled at the $20/lb. level. News that the Russian parliament will be debating whether to ban uranium exports to the U.S. has sent the best juniors skyrocketing higher.
Parliament will debate the bill on May 15 and as you know a lot can happen between now and then.
You may want to keep an eye on your Twitter feed.
Mawson Resources (TSX: MAW) CEO Michael Hudson went over the dual-pronged approach to exploration that Mawson is taking.
He also shared highlights from the latest set of assays. Lots more on the way.
I had the pleasure of chatting with Proven & Probable’s Maurice Jackson, who went over his take on the metals markets, metals he likes and even shared a few picks.
K2 Gold (TSX-V: KTO) President Stephen Swatton outlined the multiple catalysts the company has in the near future. It’s been a quiet couple of months for K2 but I believe that with a market cap of C$6 million the company presents a very compelling risk-reward proposition.
K92 Mining’s (TSX-V: KNT) Capital Markets Advisor Bryan Slusarchuk delivered more good news from the Kainantu Gold Mine.
K92 has been executing in impressive fashion on both the production and exploration front.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.
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