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

RSD Weekly Recap: Palamina Corp. (TSX-V: PA), Azarga Uranium (TSX: AZZ)

July 24, 2018

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

Gold settled lower last week, closing at $1,231 an ounce for a weekly loss of 0.8%.

Silver closed at $15.51 an ounce for a weekly loss of 1.7%.

The dollar settled at 94.46, down 25 cents.

Copper lost five cents and settled at $2.77/lb. last week.

Platinum was relatively flat, losing $2 and closing at $825 an ounce.

Palladium got beat down, losing 4.5% last week and closing at $889 an ounce.

Zinc closed flat, settling at $1.18/lb.

Both copper and zinc look appealing at these levels and I see both significantly higher in the next several quarters.

Oil closed the week relatively flat as well, settling at $$70.46/barrel.

Uranium continues trickling higher, settling at $23.88/lb. for a weekly gain of nearly 3%.

Palamina Corp. (TSX-V: PA) is using the tough resource market to add to its multiple district-scale land packages. I spoke with CEO Andrew Thomson about the approach in Peru and what to expect the rest of the year.

Azarga Uranium (TSX-V: AZZ) CEO Blake Steele and Chairman Glenn Catchpole went over the recent merger with URZ, the basket of assets in the U.S. and why Azarga is positioned well, especially in light of the Section 232 investigation.

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