Categories: Base Metals / Energy / General Market Commentary / Precious Metals
Topics: General Base Metals / General Energy / General Market Commentary / General Precious Metals

RSD Weekly Recap: Almaden Minerals (TSX: AMM)

Oct. 30, 2018

 

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

Gold pushed higher, setting at $1,234/oz. for a weekly gain of $8.

Silver gained six cents, settling at $14.66/oz.

The dollar continues its march higher, settling at 96.36 for a weekly gain of 0.7%.

Copper was relatively flat and settled at $2.80/lb. for a weekly loss of just one cent.

Platinum was flat for the week, closing at $830/oz.

Palladium settled at $1,095/oz. for a weekly gain of 2.1%.

Zinc picked up a couple of pennies, settling at $1.22/lb.

WTI Oil closed lower again and settled at $67.64/barrel for a weekly loss of 2%.

Uranium continues to trickle higher, settling at $27.88/lb.

I had a great conversation with Almaden Minerals (TSX-V: AMM) CEO Morgan Poliquin who provided a thorough update on the upcoming Feasibility Study for Almaden’s Ixtaca project in Mexico.

Almaden presents one of the more compelling values in the space with a robust resource and relatively straightforward metallurgy. The company is cashed up and the exploration upside is still top notch.

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