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

RSD Weekly Recap: Midas Gold (TSX-V:MAX), Kenadyr Mining (TSX-V: KEN), East West Petroleum (TSX-V:EW), Almadex Minerals (TSX-V:AMZ), Skyharbour Resources (TSX-V: SYH), Advantage Lithium (TSX-V: AAL)

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

Gold lost 0.2% for the week closing at $1,251 an ounce but was up 8.1% for the quarter, making it the first quarterly gain of the last 10 years.

Silver meanwhile added 0.3% for the week closing at $18.25 an ounce, but added a robust 13.5% for the quarter.

The gains were due in part to a weaker dollar which was flat for the week but settled down nearly 2% for the quarter.

Copper closed at $2.65/lb. adding 5.7% for the quarter.

Platinum closed at $951 per ounce for a quarterly gain of approximately 5% while palladium closed near the $800 per ounce level for a quarterly gain of approximately 17%.

The spot price of Uranium closed lower and settled back at the $23/lb. level while zinc closed a bit lower, setting at $1.24/lb.

Busy week here at Resource Stock Digest.

Midas Gold (TSX-V:MAX) reported more blockbuster numbers from its winter drill program at its Stibnite Gold project in Idaho. I spoke with (click for interview) CEO Stephen Quin on the latest results.

I also caught up with Kenadyr Mining (TSX-V: KEN) President Bryan Slusarchuk. Kenadyr began trading on Friday and has a very interesting project. You can listen to all the details here.

East West Petroleum (TSX-V:EW) CEO David Sidoo provided an update on important drilling in Romania and the company’s water flood program in New Zealand. The company has a tiny market cap and several potential near-term catalysts that could send shares much higher. You can listen to the interview with Mr. Sidoo here.

Almadex Minerals (TSX-V:AMZ) CEO Morgan Poliquin updated us on progress at El Cobre in Veracruz, Mexico. Two drills are turning and I expect results soon. The company has recently discovered outcropping high-grade gold mineralization. Click here for my interview with Morgan.

Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble continues to make deals. I had the pleasure of interviewing Jordan on the most recent deal on the East Preston property. Click here for the interview with Jordan.

Lastly, Advantage Lithium (TSX-V: AAL) finalized its acquisition of Orocobre’s properties and the company plans an aggressive drill program at Cauchari this month. You can listen to my interview with Advantage CEO David Sidoo here.

Click here to see more from Almadex Minerals