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RSD Weekly Recap: Revival Gold (TSX-V: RVG), K92 Mining (TSX-V: KNT), Skyharbour Resources (TSX-V: SYH), Azucar Minerals (TSX-V: AMZ), Almadex (TSX-V: DEX)

June 19, 2018

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

Trade wars, trade wars, trade wars are in focus as what appeared to be a war of bluffs has now turned very real, leading commodities lower.

Gold settled at $1,280 an ounce, down $19 for the week.

Silver lost 0.5%, settling at $16.56 an ounce.

The dollar has continued its rally — as I anticipated — closing at 94.79 for a weekly gain of nearly 1.5%. It’s above the 95 handle this morning as trade wars continue to escalate.

Copper settled at $3.18/lb., a weekly loss of approximately 3.4%.

Platinum settled at $886 an ounce for a weekly loss of $12.

Palladium settled lower, closing at $985 an ounce for a weekly loss of 2.2%.

Zinc settled near the $1.42/lb. level for a weekly loss of nearly four cents.

Oil also settled lower, down $1.01 closing at $64.66.

Uranium lost $0.67 cents, settling at $22.87/lb.

I had the pleasure of visiting Revival Gold’s (TSX-V: RVG) (OTC: RVLGF) flagship Beartrack project as well as the nearby and highly prospective Arnett Creek project in Idaho.

The Revival team is off to the races with a 2 million ounce (across all categories) gold resource at Beartrack. With two rigs now turning, it’s not hard to see how the company can get to 3 million ounces in orderly fashion.

What is less obvious is the game changing potential of Arnett Creek, which is host to a multi-kilometer trend that has been largely unexplored by modern methods.

Both Beartrack and Arnett Creek will see drilling this year. I encourage everyone to get familiar with Revival as the team in place is among the best in the space.

It’s fully-funded, has drills turning and isn’t ruling out using the tough market to bring in accretive assets.

I also had the chance to speak with K92 Mining (TSX-V: KNT)(OTC: KNTNF) Capital Markets Advisor Bryan Slusarchuk on the excellent drill results and C$2.50 price target assigned by one of the top research firms in the business.

Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) CEO Jordan Trimble went over  solid results from the flagship Moore uranium project in the Athabasca Basin.

Jordan also provided some excellent insights on the uranium space and what to look out for in the coming months.

Azucar Minerals (TSX-V: AMZ)(OTC: AXDDF) CEO Morgan Poliquin broke down the details of the recent Almadex/Azucar spinout and provided details on upcoming drilling at a project I’m excited about, the copper-gold El Cobre project.

Both Almadex (TSX-V: DEX) – which now holds the excellent exploration and royalty assets formerly under Almadex – and Azucar – which now owns the El Cobre asset – present excellent speculations and merit digging into.

If you like discoveries, excellent stewardship of capital and solid share structures you should give Almadex and Azucar a look.

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 25058.10 0.03%
S&P 500 2753.17 0.75%
NASDAQ 7820.20 0.07%
TSX 16435.46 0.65%
TSX-V 712.33 0.00%

Resource Commodities

Name Last Change
Gold 1230.20 0.21%
Silver 15.50 0.06%
Copper 2.75 0.000
Platinum 831.50 0.36%
Oil 70.46 1.42%
Natural Gas 2.76 0.44%
Uranium 23.83 0.88%
Zinc 1.19 0.00%

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