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

RSD Weekly Recap: Mawson Resources (TSX: MAW), Kutcho Copper (TSX-V: KC)

Jan. 16, 2018

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

Gold closed at $1,339, adding 1.5% for the week.

Silver added 0.5%, settling at $17.24 an ounce.

The dollar continued lower, closing at 90.94.

Copper traded flat last week, closing at $3.20/lb.

Platinum closed at $993 an ounce for a weekly gain of 2.6%

Palladium reached an all-time high, closing at $1,114 an ounce for a weekly gain of 2.8%

WTI Oil closed at $64.35 per barrel for a weekly gain of nearly 4.5%.

Zinc added another 2 cents, closing at $1.55/lb.

Uranium closed near the $24/lb. level once again, settling at $23.75/lb.

News flow is definitely picking up and with conference season kicking off I expect that to continue.

I had the pleasure of catching up with Mawson Resources (TSX: MAW) CEO Michael Hudson who provided details of the latest high-grade outcrop samples at East Rompas. Drills are turning and there’s literally gold everywhere. Keep an eye on Mawson.

Another company to keep an eye on is Kutcho Copper (TSX-V: KC). CEO Vince Sorace went over the company’s milestone acquisition of the high-grade Kutcho copper-zinc project.

Kutcho is an advanced-stage project that caught the attention of Wheaton Precious Metals and should be on your radar. I don’t believe these low prices will last.

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

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