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

RSD Weekly Recap: Sun Metals (TSX-V SUNM), Nevada Sunrise (TSX-V: NEV), K92 Mining (TSX-V: KNT), Hannan Metals (TSX-V: HAN)

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

Gold settled higher, closing at $1,223/oz. for a weekly gain of just over 1%.

Silver followed suit, settling at $14.39/oz. for a weekly gain of 1.5%.

The Dollar settled at 96.44 for a weekly loss of 0.5%. Expect that to reverse course.

Copper settled at $2.79/lb. for a weekly gain of 1.5%.

Platinum trickled lower, settling at $843/oz. and losing $9 on the week.

Palladium reached an all-time high, settling at $1,160/oz. for a weekly gain just north of 1%.

Zinc picked up five cents, settling at $1.21/lb.

Oil continued its slide, settling at $56.80 for a weekly loss of over $3.

Uranium picked up a nickel and settled at $29.20/lb.

Sun Metals (TSX-V SUNM) CEO Steve Robertson talked about the best copper drill hole to date in Canada at the flagship Stardust project.

Nevada Sunrise (TSX-V: NEV) CEO Warren Stanyer is hoping for some of that good fortune at the Coronado project in Nevada. Warren explained why he’s excited about the targets at the Coronado VMS property. Drills should start turning in December.

K92 Mining (TSX-V: KNT) Capital Markets Advisor Bryan Slusarchuk detailed the increased resource for Kora North and what to expect in the next few months, including the upcoming PEA.

Hannan Metals (TSX-V: HAN) CEO Michael Hudson explained why the company is pivoting from the Ballyhickey target to the seismic defined Kilmurry target in Ireland.

The better management teams in the space know what they’re looking for and pivot if it’s not there. The pivot to a new target is the right move and I’m looking forward to what Hannan turns up at Kilmurry.

That’s all for this week folks. Expect more volatility. Expect a higher dollar. Ignore all that for a few days and, if you’re lucky enough to have good people around you, please enjoy their company.

Have a great rest of the week to everyone and a great Thanksgiving to everyone here in the U.S.

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