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

RSD Weekly Recap: Almadex Minerals (TSX-V:AVU), Avrupa Minerals (TSX-V: AVU), Fission Uranium (TSX: FCU), Mawson Resources (TSX-V: MAW), Millrock Resources (TSX-V: MRO)

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

Gold put in another solid week, hitting a six-month high and closing at $1287 per ounce.

Silver closed at $18.51 an ounce for a weekly gain of 3% on the back of a weaker dollar which was down over 0.5% for the week.

Platinum was up approximately 2.1%, closing at $972 per ounce. Palladium was down nearly 1%, closing at $794 per ounce.

Copper was also down for a weekly loss of 2.3%, hitting a two month low and closing at 2.54/lb. while zinc closed at $1.18/lb. 

Oil was up 1.2%, closing at $52.91 a barrel.

Uranium was flat for the week, closing at $23.50/lb.

Another busy week here at Resource Stock Digest.

Almadex Minerals (TSX-V:AVU) CEO Morgan Poliquin delivered more good news from the El Cobre project in Veracruz, Mexico. We should be receiving assays soon from the Norte Zone and drilling will commence at the Villa Rica Zone within the next couple of weeks.

That’s a drill program you want to keep an eye on.

I also had the pleasure of speaking with Director of Avrupa Minerals (TSX-V: AVU) and President of Pacific Opportunity Capital Mark Brown to go over recent developments at Avrupa and his take on the markets.

Mawson Resources (TSX-V: MAW) CEO Michael Hudson stopped by to go over the latest results at its high-grade, district-scale project in Finland.

Fission Uranium (TSX: FCU) President Ross McElroy provided an update on the new high-grade discovery at its world-class PLS property.

And Millrock Resources (TSX-V: MRO) CEO Greg Beischer and Head of IR Melanee Henderson provided us an update on its portfolio of projects and upcoming catalysts for Millrock.

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

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