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

RSD Weekly Recap: Revival Gold (TSX-V: RVG), Almadex Minerals (TSX-V: AMZ), Mawson Resources (TSX: MAW)

Dec. 19, 2017

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

Gold added just over 0.6% last week, closing at $1,256 an ounce.

Silver closed at $16.05 for a weekly gain of 1.6%

The dollar added a penny, closing at 93.93.

Copper rebounded nicely, adding 4.7% for the week and closing at $3.10/lb.

Platinum was relatively flat, adding $7 and closing at $892 an ounce.

Palladium added nearly 2% and closed at $1,016 an ounce.

Zinc closed at $1.45/lb. for a weekly gain of nearly 3%.

WTI Oil closed flat at $57.30 a barrel for a weekly loss of $0.06.

Uranium lost 4.3% and closed at $24.25/lb.

There’s some bargains in the precious metals space that I don’t believe will last long.

Revival Gold (TSX-V: RVG) is on that list. I had the opportunity to chat with Revival CEO Hugh Agro on the first set of high-grade, near-surface results from the past-producing Beartrack property.

There are more assays pending, the company is fully-funded for 2018 and I anticipate 2018 will be a big year for Revival.

Almadex Minerals (TSX-V: AMZ) CEO Morgan Poliquin updated us on the latest set of results from the Raya Tembrillo target at the El Cobre project in Veracruz, Mexico.

Almadex hit a high-grade enriched copper blanket at surface and with multiple porphyries now identified it’ll interesting to see how they interact at depth. We’ll know in 2018.

Speaking of high-grade, Mawson Resources (TSX: MAW) CEO Michael Hudson went over the details of the recent $5.3 million financing and the drilling program that has now commenced.

I hope everyone has a great holiday, regardless of what or whether you celebrate and hope you have a fantastic start to the New Year.

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

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