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

RSD Weekly Recap: Leading Edge Materials (TSX-V: LEM), Aben Resources (TSX-V: ABN), Palamina Corp. (TSX-V: PA), Skyharbour Resources (TSX-V: SYH), American Pacific Mining (CSE: USGD)

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

Gold settled at $1,205 an ounce for a weekly gain of 1.7%.

Silver was flat, settling at $14.77/oz.

The Dollar settled at 95.14, down approximately 1%.

Copper surged higher and added nearly 4% last week, settling at $2.75/lb.

Platinum was relatively flat again, adding $1 and settling at $789/oz.

Palladium added just over 3% and settled at $935/oz.

Zinc surged, gaining 6.5% to settle at $1.15/lb.

Oil closed higher, settling at $68.59 for a weekly gain of just over 4%.

Uranium was relatively flat, settling at $26.13/lb. for a weekly gain of 8 cents.

With the summer doldrums coming to an end it’s time to start paying a bit more attention as companies magically stumble upon a ton of new releases. One company I expect a lot of news from is Leading Edge Materials.

Leading Edge Materials (TSX-V: LEM) CEO Blair Way said what he could say about the recent exploration alliance in Romania and the latest results on the graphite front from the flagship Woxna project in Sweden.

Aben Resources (TSX-V: ABN) CEO Jim Pettit went over the new discovery of the South Boundary zone at the Forrest Kerr project.

Early results have attracted the attention of Eric Sprott. Continuity and scale are important when considering results from the Yukon and the discovery of this new zone 1.5 km away could be an important one for the project. Assays are pending.

Palamina Corp. (TSX-V: PA) President Andrew Thomson detailed progress on multiple properties in Peru.

Andrew has managed to put together five district-scale plays in Peru. It should be an active fall for the team at Palamina.

Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble provided his insights on the uranium space and talked about the upcoming drill program at the flagship Moore uranium project.

Skyharbour will be testing potential feeder zones for the first time, and success there could be a game changer for the company.

American Pacific Mining (CSE: USGD) CEO Warwick Smith and President Eric Saderholm talked about the latest high-grade hits out of the Tuscarora project in Nevada.

The project has the right address and a very experienced team developing it. The next round of drilling will be an important one for the project.

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

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