RSD Weekly Recap: K92 Mining (TSX-V: KNT), Allegiant Gold (TSX-V: AUAU), Otis Gold (TSX-V: OOO), Midas Gold (TSX: MAX)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold settled at $1,347 an ounce up 2.4% for the week.
Silver gained nearly 2%, closing at $16.62 an ounce.
The dollar settled at 89.14, down 1.5% for the week.
Copper rebounded well, closing at $3.23/lb. for a weekly gain of approximately 5.5%.
Platinum was up nearly 4.5%, closing just over the $1,000 level.
Palladium also surged, closing at $1,032 an ounce for a weekly gain of 6.5%.
Zinc also rebounded, gaining just over 3% and closing at $1.62/lb.
Oil settled at $61.61 a barrel for a weekly gain of just over 4%.
Uranium traded relatively flat, closing at $21.75/lb.
K92 Mining (TSX-V: KNT) President Bryan Slusarchuk updated progress at the Kainantu gold mine. The company not only declared commercial production but also hit its best drill hole to date.
Allegiant Gold (TSX-V: AUAU) Chairman Robert Giustra went over the robust exploration portfolio being explored by one of the best exploration teams in the business.
Otis Gold (TSX-V: OOO) CEO Craig Lindsay outlined the success of the 2017 drill campaign and catalysts for 2018. Catalysts which include a resource estimate and exploration drilling at two projects.
Midas Gold (TSX: MAX) CEO Stephen Quin explained the details of the most recent resource estimate at the Stibnite gold project.
Midas is in the permitting process and has one of the best undeveloped gold projects in the world with some important antimony credits.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.