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

RSD Weekly Recap: Hannan Metals (TSX-V: HAN), K92 Mining (TSX-V: KNT), Mark Brown of Pacific Opportunity Capital

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

Gold and silver both finished the week flat, closing at $1,255 and $16.67, respectively.

This as the dollar inched up $0.14, closing at $97.27.

Platinum closed at $928, up a whole dollar. Palladium closed at $855 for a weekly loss of 1%.

Copper rebounded nicely, closing at $2.62/lb. for a weekly gain of approximately 2.5%.

Oil continued its downward slide, closing at $43.09, down nearly 4%.

Uranium held the $20/lb. level, trading flat and adding $0.12.

Zinc also put in a good week, closing at $1.22 lb. for a weekly gain of 8%. Zinc bounced beautifully off the $1.10 level earlier this month and looks positioned for a good second half.

Speaking of zinc, I had the opportunity to speak with Hannan Metals (TSX-V: HAN) CEO Michael Hudson. Hannan has a high-grade zinc project in Ireland. The company has a tight share structure, experienced management, and a clear path toward a resource in the next few months. It’s also drilling as we speak.

K92 Mining (TSX-V: KNT) President Bryan Slusarchuk stopped by to update us on more high-grade results from the Kainantu gold mine. K92 is also drilling as we speak.

Lastly, I had the opportunity to chat with Pacific Opportunity Capital President Mark Brown who shared his views on the markets as well as good news for Avrupa Minerals.

That’s all for this week. I hope everyone is having a great start to their summer.

For Resource Stock Digest, this is Gerardo Del Real.