RSD Weekly Recap: Otis Gold (TSX-V: OOO), Midas Gold (TSX: MAX), K2 Gold (TSX-V: KTO)
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This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold was relatively flat, adding four dollars and settling at $1,318 an ounce.
Silver settled at $16.62 an ounce, gaining $0.13 cents.
The dollar was relatively flat last week — in what I view as a brief pause before heading higher — settling at 92.54.
Copper added approximately 2%, settling at $3.13/lb.
Platinum settled at $922 an ounce, gaining $13.
Palladium gained 2.5% last week, settling at $987 an ounce.
Zinc settled at $1.39/lb.
Oil continued to surge, adding 1% and settling at $70.51/barrel.
Uranium stayed between the $21-$22/lb. level, settling at $21.63/lb.
More and more reactors are coming online. A violent uranium market is not in question, it’s just a matter of when it really takes off. Get positioned now.
Otis Gold (TSX-V: OOO) CEO Craig Lindsay went over the multiple catalysts on the horizon for Otis. Those include exploration and drilling at Kilgore and Oakley and an updated resource estimate that I expect within the month.
Idaho is heating up as a top-notch jurisdiction for mining and the cream of the crop in Idaho, Midas Gold (TSX: MAX), further validated that with a $38 million investment from mining giant Barrick Gold.
The investment bodes well for other Idaho juniors like Otis and Revival Gold among others.
Midas CEO Stephen Quin provided details of the investment from Barrick and the overwhelming political support from Idaho lawmakers.
K2 Gold (TSX-V: KTO) VP of Exploration Jo Price provided a primer on exploration at the flagship Wels gold project.
K2 has an excellent team and I expect the stock to perform well this year, as exploration advances at Wels and the company continues to look for other assets to roll in.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.
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