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), MIllrock Resources (TSX-V: MRO), Fission Uranium (TSX: FCU), John Kaiser

July 11, 2017

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

Gold was down again, this time closing at $1,212 for a weekly loss of over 2%.

Silver was down 6% for the week, closing at $15.58 per ounce. 

This as the dollar closed slightly higher for the week at $96.01 for a weekly gain of 0.4%.

Platinum closed at $906 for a weekly loss of 1.9%.

Palladium closed at $834 an ounce, down 0.7% for the week.

Copper closed at $2.63/lb. for a weekly loss of nearly 2%.

Oil closed at $44.33 a barrel, down 4% for the week.

Uranium was pretty flat for the week, closing at $20.38/lb.

Mawson Resources (TSX: MAW) wrapped up its winter drill program and I had the opportunity to speak with CEO Michael Hudson about the results and what’s next.

I spoke with the very busy Greg Beischer, CEO of Millrock Resources (TSX-V: MRO), who expects to have a drill turning at one project or another seven days a week for the remainder of the year.

I also got an update from Fission Uranium (TSX-V: FCU) President Ross McElroy on the goals of the summer drill program at the PLS property. They will be looking to expand the newly discovered western high-grade zone as well as accelerating pre-feasibility work.

I had a great conversation with Kaiser Research Online founder and editor John Kaiser on Midas Gold and its Stibnite Gold project which we both visited recently.

Expect a busy week of new interviews including a very candid one-on-one with Cordoba Minerals CEO Mario Stifano on the recent consolidation of the San Matias district and how that’s been received.

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