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

RSD Weekly Recap: Fission Uranium (TSX: FCU), Mawson Resources (TSX-V: MAW), Midas Gold (TSX: MAX), Kenadyr Mining (TSX-V: KEN)

May 2, 2017

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

Gold closed down nearly 2%, settling at $1,268 an ounce. Silver was down 4% at $17.19 per ounce. All this while the dollar was down nearly 1%.

Not a good sign in the near-term and with the summer coming up we may get a great opportunity to add the best names at very attractive entry points.

Both gold and silver have started this week lower.

Platinum was also down, closing at $944 per ounce for a weekly loss of 2.5%.

Palladium had a good week up over 4%, closing at $827 per ounce.

Copper was also up 2%, closing at $2.56/lb.

Oil was down nearly 1%, closing just above the $49 a barrel level.

Zinc was basically flat at $1.17/lb. while uranium traded sideways once again closing near the $23/lb. level.

On the news front we had more good news from Fission Uranium (TSX: FCU) and Fission President Ross McElroy stopped by to share the details.

I spoke with Mawson Resources (TSX-V: MAW) CEO Michael Hudson about the winter drill program in Finland which has exceeded expectations and expanded the known mineralization.

Midas Gold (TSX: MAX) CEO Stephen Quin joined me to provide an update on the ongoing feasibility study and the progress on the permitting front for its world-class Stibnite project in Idaho.

Lastly, Kenadyr Mining (TSX-V: KEN) President Bryan Slusarchuk provided an update on the upcoming drill program at the high-grade Borubai gold project.

With the pullback in metals and the summer doldrums right around the corner it will be important to be invested in juniors with catalysts over the summer.

This is Gerardo Del Real with Resource Stock Digest.