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

RSD Weekly Recap: Hannan Metals (TSX-V: HAN), Gainey Capital (TSX-V: GNC), Millrock Resources (TSX-V: MRO), Fission Uranium (TSX: FCU), Chakana Copper (TSX-V: PERU), Exploration Insights’ Joe Mazumdar

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

Gold settled at $1,185 an ounce last week for a weekly loss of just over 2%.

Silver settled at $14.77/oz. for a weekly loss of 3.3%.

The Dollar settled at 96.12 for a weekly loss of 0.2%.

Copper was down to a 13-month low, losing nearly 5% and settling at $2.65/lb.

Platinum was down and settled at $788/oz. for a weekly loss of 4.5%.

Palladium was relatively flat, picking up $2 and settling at $906/oz.

Zinc continued to get clobbered, losing $0.08 cents and settling at $1.08/lb. for a weekly loss of nearly 7%.

Uranium settled at $25.80/lb., continuing its march towards $30 then $40 then … you get the picture of where I think uranium is going.

Oil lost nearly 3%, settling at $65.85/barrel.

Hannan Metals (TSX-V: HAN) CEO Michael Hudson detailed upcoming plans for drilling of multiple zinc-lead targets at its district-scale Clare project in Ireland.

Gainey Capital (TSX-V: GNC) CEO David Coburn and I went back and forth about my displeasure over the lack of activity from the company in Mexico. He explained the reasons for the delays and I look forward to seeing a drill turning at its newly acquired Las Margaritas soon.

Millrock Resources (TSX-V: MRO) CEO Greg Beischer highlighted partner PolarX’s high-grade copper-gold hit in Alaska on the Zackly project. Polar X — with Millrock as operator — is vectoring towards a porphyry it believes is on its property.

With uranium on the rebound Fission Uranium (TSX: FCU) President Ross McElroy gave his take on all things uranium and went over the successful field program and upcoming PFS.

One of the best in the business Exploration Insights’ analyst and co-editor Joe Mazumdar shared his thoughts on trade wars, gold, his approach to his portfolio and how he’s taking advantage of these depressed markets.

Chakana Copper (TSX-V: PERU) CEO David Kelley updated the progress on the permitting front at its copper-gold-silver project — La Soledad in Peru — and went over what’s in store for the rest of 2018.

That’s all for this week. I hope everyone enjoyed their summer. It’s back to school down here in Austin with little league for the boys kicking off next month. That also means the summer doldrums are nearing an end which is welcome news to those of us in this risky but fascinating space.

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