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), Millrock Resources (TSX-V: MRO), First Cobalt Corp. (TSX-V: FCC)

Oct. 16, 2018

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

Gold settled higher, closing at $1,217/oz. for a weekly gain of 1.2%.

Silver closed at $14.59, a weekly loss of four cents.

The dollar closed at 95.27 for a weekly loss of 0.4%.

Copper settled higher, picking up 2% and closing at $2.86/lb.

Platinum settled at $837/oz. for a weekly gain of approximately 2%.

Palladium settled at $1,062/oz. for a weekly loss of seven dollars.

Zinc was flat again, settling at $1.20/lb.

Oil settled lower, closing at $71.58/barrel for a weekly loss of nearly 4%.

Uranium was relatively flat, settling at $27.58/lb. for a weekly loss of three cents. 

Leading Edge Materials (TSX-V: LEM) CEO Blair Way joined me to go over a new joint venture with Graphmatec to develop graphene production.

It’s one of many moves I expect Leading Edge to make in the next several months.

Millrock Resources (TSX-V: MRO) CEO Greg Beischer went over the new drilling program in Mexico, news from B.C., and an interesting developing discovery right near Millrock’s land package in Alaska that could prove to be a big deal if verified. Stay tuned there.

First Cobalt Corp. (TSX-V: FCC) CEO Trent Mell shared the results from three studies supporting the restart of its cobalt refinery. The refinery is a strategic asset that looks to be the launchpad towards the company flagship in Idaho.

That’s all for this week. Expect more volatility. Let’s see if this latest gold rally has some legs to it.