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

RSD Weekly Recap: Riverside Resources (TSX-V: RRI); First Cobalt (TSX-V: FCC)

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

Gold was pretty much flat last week, closing at $1,227 an ounce. Silver closed higher, registering a weekly gain of nearly 1%, closing at $16.44 an ounce.

Platinum closed at $918 an ounce for a weekly gain of nearly 1% but palladium traded lower, settling at $805 an ounce for a weekly loss of approximately 1.2%.

Copper closed at $2.52 a pound for a weekly loss of 0.2%, all this while the dollar pushed higher for a weekly gain of 0.7%.

Oil surged higher for a weekly gain of 3.5%, closing near the $48 a barrel level while uranium closed the week at the $21 a pound level.

Zinc continues stuck below $1.20 a pound, for now, closing at $1.16 a pound.

I had the opportunity to speak with Riverside Resources CEO John-Mark Staude about the self-funded exploration program at the Cecilia gold project in Sonora, Mexico. It should be a busy month for Riverside as we are also waiting on assays from the Glor project that is currently being drilled with partner Centerra Gold.

I also had the pleasure of talking with First Cobalt CEO Trent Mell on the portfolio of exciting cobalt and copper projects. The company is a real company with real people doing very good work. I encourage everyone to take a second and get familiar with the story.

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