RSD Weekly Recap: Almadex Minerals (TSX-V: AMZ), Abacus Mining and Exploration (TSX-V: AME), Midas Gold (TSX-V: MAX), Revival Gold (TSX-V: RVG), Cordoba Minerals (TSX-V:CDB), Hannan Metals (TSX-V HAN), Mawson Resources (TSX-MAW), Kai Hoffmann

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

Gold closed the week at $1,346 an ounce, hitting a 13-month high before giving some of that back but still managing a weekly gain of 1.7%.

Silver closed at $17.97 an ounce for a weekly gain of 1.6%.

The dollar hit a 2-year low, closing at 91.3. 

Copper closed at $3.02/lb. for the week after surging towards the $3.14/lb. level for a weekly loss of 1.9%.

As I mentioned last week, I believe a pause in the uptrend is healthy and provides another window to buy the best copper names in the space at an attractive discount.

Palladium closed at $930 for a weekly loss of 4.4%

Platinum closed just over the $1,000 level once again.

Zinc closed at $1.37/lb. for a weekly loss of approximately 5%. Like copper, I believe the pullback in zinc is a healthy one.

Oil closed at $47.60 a barrel for a gain of approximately 0.5%.

Uranium was relatively flat again and closed at $20.75/lb.

Another busy week of exciting news and interviews.

Almadex Minerals (TSX-V: AMZ) CEO Morgan Poliquin shared what led him to pioneer exploration in eastern Mexico and went over the most recent set of high-grade results at the El Cobre project.

The project now has 4 rigs turning and I believe Almadex — along with Abacus Mining and Exploration (TSX-V: AME) — present two of the most compelling risk-reward propositions in the entire junior space. Click here for my latest interview with Abacus Mining CEO Michael McInnis.

Another company that I believe is poised for a big run when the price of gold breaks out is Midas Gold (TSX-V: MAX). CEO Stephen Quin stopped by and shared the latest high-grade results out of the Stibnite project in Idaho.

A lot of very good work happening in Idaho with companies like Midas and Revival Gold (TSX-V: RVG) leading the charge.

I just posted an exclusive interview with Revival Gold CEO Hugh Agro about the game-changing acquisition in Idaho.

Drills are turning once again at Cordoba Minerals’ (TSX-V:CDB) San Matias project in Colombia. CEO Mario Stifano went over why he believes a 100 million tonne target is achievable within the next 6 months. With the current grades at the project 100 million tonnes would represent 4.5 million gold equivalent ounces or approximately 2.2 billion pounds of copper. It’s worth noting that resource would all come from the Alacran deposit with many targets still not fully explored in the district scale land package.

Another company with ambitious plans in the metals space is Hannan Metals (TSX-V HAN). Hannan CEO Michael Hudson explained how Hannan plans to position itself as a takeout target with the district-scale project the company is drilling in Ireland.

Speaking of district-scale Michael Hudson projects, Mawson Resources (TSX-MAW) continues to discover boulder fields in Finland. The company has yet to be rewarded by the market for the excellent exploration work being done. I get the sense that the project has the scale and grades that would interest a major to come in and fund aggressive exploration.

I asked Mike about that possibility and he shared what he could share while providing a great overview of the efforts thus far.

Soar Financial CEO Kai Hoffmann went over trends he’s seeing in the junior space and even shared a few stock picks.

Both Kai and myself will be at the Beaver Creek Precious Metals Summit next week from September 18-20th. If you’re there say hello.

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