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

RSD Weekly Recap: Kutcho Copper (TSX-V: KC), Chakana Copper (TSX-V: PERU), Palamina Corp. (TSX-V: PA)

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

Gold was relatively flat, losing $3 and closing right near the $1,193/oz. level.

Silver closed just above the $14/oz. level, losing twelve cents and settling at $14.03/oz.

The dollar lost approximately 0.5% and closed just shy of the 95 level.

Copper picked up two cents, settling at $2.68/lb. and has bounced back nicely, trading at $2.76/lb. today.

Platinum closed at $793/oz., picking up $12.

Palladium was flat, settling at $975/oz.

Zinc lost four cents and settled at $1.05/lb.

Oil closed just shy of the $69/barrel level, settling at $68.91/barrel for a weekly gain of just over 1.5%.

Uranium closed higher again, settling at $27.55/lb. for a weekly gain of 2.5%.

Kutcho Copper (TSX-V: KC) CEO Vince Sorace provided an update on drilling, the upcoming feasibility study and talked a bit about the TCS project, which is also seeing some early stage work. Kutcho has a lot to like at these levels.

Chakana Copper (TSX-V: PERU) CEO David Kelley went over the latest drill hole at the Soledad project. The best hole David has ever drilled. Chakana is waiting on a critical permit approval and the stock has pulled back a bit as a result. It’s a great entry point at these levels.

Palamina Corp. (TSX-V: PA) President Andrew Thomson shared results from sampling at the Coasa gold project. Some flashy numbers but also some very good grades over mineable widths. Early days at Palamina but Andrew Thomson has done an incredible job of putting together multiple district-scale land packages.

I’ll be at The Beaver Creek Precious Metals conference in Colorado over the next few days.

If you’re around, say hello.

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