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RSD Weekly Recap: Mawson Resources (TSX: MAW), Kutcho Copper (TSX-V: KC)

January 16, 2018

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

Gold closed at $1,339, adding 1.5% for the week.

Silver added 0.5%, settling at $17.24 an ounce.

The dollar continued lower, closing at 90.94.

Copper traded flat last week, closing at $3.20/lb.

Platinum closed at $993 an ounce for a weekly gain of 2.6%

Palladium reached an all-time high, closing at $1,114 an ounce for a weekly gain of 2.8%

WTI Oil closed at $64.35 per barrel for a weekly gain of nearly 4.5%.

Zinc added another 2 cents, closing at $1.55/lb.

Uranium closed near the $24/lb. level once again, settling at $23.75/lb.

News flow is definitely picking up and with conference season kicking off I expect that to continue.

I had the pleasure of catching up with Mawson Resources (TSX: MAW) CEO Michael Hudson who provided details of the latest high-grade outcrop samples at East Rompas. Drills are turning and there’s literally gold everywhere. Keep an eye on Mawson.

Another company to keep an eye on is Kutcho Copper (TSX-V: KC). CEO Vince Sorace went over the company’s milestone acquisition of the high-grade Kutcho copper-zinc project.

Kutcho is an advanced-stage project that caught the attention of Wheaton Precious Metals and should be on your radar. I don’t believe these low prices will last.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 24715.10 0.00%
S&P 500 2712.97 0.26%
NASDAQ 7354.34 0.38%
TSX 16162.31 0.12%
TSX-V 786.39 0.00%

Resource Commodities

Name Last Change
Gold 1290.61 3.04%
Silver 16.44 0.12%
Copper 3.05 0.000
Platinum 887.50 0.00%
Oil 71.28 0.29%
Natural Gas 2.85 0.42%
Uranium 22.38 0.00%
Zinc 1.38 0.00%

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