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General Market Commentary
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General Market Commentary
RSD Weekly Recap: Midas Gold (TSX: MAX), Cordoba Minerals (TSX-V: CDB), Millrock Resources (TSX-V: MRO)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold registered a gain for the third consecutive week closing at approximately $1,239 per ounce for a weekly gain of 0.3%. This despite a higher dollar which was also up and managed a weekly gain of 0.2%.
Silver also managed a weekly gain of 0.5%, settling just above $18 per ounce. Copper however did not, closing at $2.77/lb., down approximately 2.1%.
Platinum also registered a weekly loss closing at $1,006 per ounce for a weekly loss of approximately 0.6% while palladium closed at $779 per ounce for a weekly loss of 0.5%.
Uranium’s price gains came to a pause last week as it settled at just over $24/lb.
Zinc also closed lower at $1.28 lb. although the price is down from nearly 9-year highs.
Another busy week at Resource Stock Digest. I once again had the privilege to speak with the legendary Mr. James Dines (click for interview).
I also had a chance to chat with (click for interview) Midas Gold President & CEO Mr. Stephen Quin.
I caught up with (click for interview) Cordoba Minerals President & CEO Mario Stifano to go over the expanded drilling program for one of the sector’s most exciting discoveries at the San Matias project in Colombia.
Millrock Resources President & CEO Greg Beischer shared (click for interview) details of the latest geophysical results from the Oweegee Dome project and went over the change in sentiment in the resource space, a change in sentiment that has contributed to Millrock’s share price recently breaking out.
That’s all for this week. This is Gerardo Del Real for Resource Stock Digest.
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