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

RSD Weekly Recap: Nevada Sunrise (TSX-V: NEV), Hannan Metals (TSX-V: HAN), Revival Gold (TSX-V: RVG), Palamina Corp. (TSX-V: PA), Mawson Resources (TSX: MAW)

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

Gold settled higher, closing at $1,203 for a weekly gain of approximately 1%.

Silver settled at $14.63/oz. for a weekly gain of two pennies.

The dollar settled higher, closing at 95.6 for a weekly gain of 0.5%.

Copper was relatively flat, losing one cent and settling at $2.80/lb.

Platinum gained seven dollars, closing at $821/oz.

Palladium was flat for the week, settling at $1,169/oz.

Zinc was also flat and settled just shy of $1.20/lb.

Oil gained over 1%, settling at $74.29 a barrel.

Uranium seems stuck at the $27/lb. level for the time being and settled at $27.55/lb.

Nevada Sunrise (TSX-V: NEV) CEO Warren Stanyer went over the new targets at the 100%-owned Coronado property in Nevada. I like the targets, I like the share structure, and success at Coronado will lead to much higher share prices.

Put Hannan Metals (TSX-V: HAN) on that list as well. CEO Michael Hudson detailed the approach to this season’s drilling in Ireland. I like the science and work that has gone into these targets. Keep an eye on Hannan.

Another company busy drilling is Revival Gold (TSX-V: RVG). CEO Hugh Agro announced there are now three rigs turning in Idaho, including a new one at Arnett Creek. The company already has two million ounces across all categories and is quickly adding to that number. Don’t discount management’s ability to use these tough markets to bring in an accretive asset.

Palamina Corp. (TSX-V: PA) President Andrew Thomson shared details of the latest discovery at the Coasa gold project in Peru. Early days but an interesting story.

Mawson Resources (TSX: MAW) CEO Michael Hudson explained the approach towards a maiden resource for the Rajapalot gold-cobalt project in Finland. The cobalt kicker is not only contributing to the value of the deposit, but will also serve as an important factor when it comes time to permit the project.

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