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), Millrock Resources (TSX-V: MRO)

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

Gold closed at $1,275 an ounce for a weekly loss of 0.5%.

Silver gained 1% for the week, closing at $16.77 an ounce.

The dollar closed higher once again, closing at 93.78 for a weekly gain of 0.8%.

Copper closed at $2.99/lb. for a weekly gain of approximately 2%.

Platinum was flat with a weekly closing at $912 an ounce.

Palladium was down approximately 1.9%, closing at $913 an ounce.

Oil closed down 4.6% in a wild week of trading and finally settled at $49.29 a barrel.

Zinc hit a 10-year high last week and ended up closing at $1.50/lb. for a weekly gain of approximately 3.4%.

Uranium traded relatively flat once again, losing $0.10 and closing at $20.45/lb.

Revival Gold (TSX-V: RVG) CEO Hugh Agro went over the goals of the first phase of what will be an 11,000 meter drill program at the recently acquired and past producing Beartrack gold project in Idaho.

I expect very good results from that program, so much so that I’m taking time away from Cubs playoff baseball to go visit the project later this week.

Revival is in the midst of closing a financing that will fund the company for the next couple of years and has lots of near and mid-term catalysts. Great people, great share structure and in a great jurisdiction. Put it on your list. 

Millrock Resources (TSX-V: MRO) CEO Greg Beischer and head of IR Melanee Henderson updated the progress at the Stellar copper-gold project in Alaska.

I expect assays within the month and judging from the news release there should be confirmation of the historic drilling, which included some good high-grade intercepts over substantial widths.

That’s all for this week. This is the part of the year where I yell, “Go Cubs go” every chance I get and the Resource Stock Digest twitter feed has more Cubs baseball than usual. Sorry not sorry everyone. Go Cubs go.

For Resource Stock Digest, this is Gerardo Del Real.