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

RSD Weekly Recap: Fission 3.0 (TSX-V: FUU), Skyharbour Resources (TSX-V: SYH), Riverside Resources (TSX-V: RRI), Kenadyr Mining (TSX-V: KEN)

This is Gerardo Del Real with Resource Stock Digest.

Gold hit a 5-month high of $1,295 an ounce but closed at $1,284, down $4 for the week.

Silver took a hit closing at $17.90 an ounce, down approximately 3%.

All this while the dollar closed down 0.6% for the week, settling at approximately 99.92 and below the critical 100 mark.

Platinum and palladium were each relatively flat for the week, closing at $970 and $792 per ounce respectively.

Copper also saw lower prices closing at $2.53/lb. for a loss of 1.5%.

Zinc is still trading in a sideways pattern closing at the $1.16/lb. level.

Oil suffered big losses down 6% for the week, closing just under the $50 a barrel mark.

Uranium meanwhile broke below the $23/lb. level, closing at $22.88 for a loss of approximately 2.5%.

Here at Resource Stock Digest I had the pleasure of speaking with Fission 3.0 (TSX-V: FUU) CEO Dev Randhawa. Dev went over the very successful group at Fission 3.0 and how it’s positioning itself for a better uranium market.

Speaking of uranium, I also caught up with Skyharbour Resources (TSX-V:SYH) CEO Jordan Trimble on the many catalysts the company has in 2017.

I also spoke with Riverside Resources (TSX-V: RRI) CEO John-Mark Staude on the start of the drill program at the Glor gold project. Riverside has partnered up with Centerra Gold and if the trench results are any indication you may want to keep an eye out for results.

Lastly, I was able to speak with Kenadyr Mining (TSX-V: KEN) President Bryan Slusarchuk on the upcoming drill program Kenadyr will start within 90 days.

That’s all for this week.