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

RSD Weekly Recap: Millrock Resources (TSX-V: MRO), Skyharbour Resources (TSX-V: SYH), Mawson Resources (TSX: MAW), First Cobalt (TSX-V: FCC)

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

I mentioned last week that September should be interesting and though early, September is definitely off to an interesting start.

Gold closed the week at a 13-month high at $1,324 an ounce for a weekly gain of 2.5%.

Silver surged 4%, closing at $17.69 an ounce.

This as the dollar closed relatively flat, closing the week at 92.85.

Platinum gained 3.5%, closing the week at $1,006 per ounce

Palladium gained 5.8% for the week, closing at $973 an ounce.

Copper continued higher, up 2% for the week and closing near $3.09/lb. A pause in the recent uptrend would not surprise me and would be healthy.

Oil closed slightly lower at $47.29 a barrel.

Zinc closed at $1.44/lb. for a weekly gain of nearly 4%.

Lastly, uranium actually closed higher, though not by much, closing at $20.63/lb., gaining $0.38.

This fall should see some very exciting exploration work. I spoke with Millrock Resources (TSX-V: MRO) CEO Greg Beischer about the important drill program at the high-grade Stellar copper-gold project in Alaska.

I also caught up with Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble about Skyharbour’s drill program at the flagship Moore uranium project. Skyharbour has executed the prospect generator model beautifully and is positioned well for the turnaround in the uranium space.

Mawson Resources (TSX: MAW) CEO Michael Hudson called in to provide an update on exploration at Rompas. Rompas hasn’t been explored in over 4 years and has seen some high-grade intercepts that include a hit of 6 meters of 600g/t gold.

Lastly I had the opportunity to speak with First Cobalt (TSX-V: FCC) CEO Trent Mell about the most recent merger making First Cobalt a go-to vehicle for exposure to this growing and exciting sector.

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