RSD Weekly Recap: Mawson Resources (TSX: MAW), Orocobre (TSX: ORL), Advantage Lithium (TSX-V: AAL), Midas Gold (TSX: MAX), Leading Edge Materials (TSX-V: LEM)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold hit a three-and-a-half-month high closing at $1,258 per ounce and adding 1.6% for the week.
The gain was the fourth straight week of gains.
Silver also closed higher adding 1.7% and closing at $18.34 per ounce. The gain was the ninth week in a row that silver closed the week higher. This as the dollar basically closed flat for the week.
Copper closed at $2.68/lb for a weekly gain of 1.5%.
Platinum traded higher adding 1.7% for the week and closing at $1,028 per ounce while palladium closed at $773 per ounce for a weekly loss of 0.1%.
Brent Crude oil closed at approximately $56.30 per barrel and uranium gave back some gains as it closed near the $23/lb. level.
Zinc traded slightly higher and closed at the $1.27 level.
I had the opportunity to speak with (click for interview) Mawson Resources President & CEO Michael Hudson who went over the strong start to the ongoing drill program. Expect more results soon.
Orocobre’s general counsel and joint company secretary Rick Anthon joined me (click for interview) to go over the benefits and the thought process as to why Oroccobre decided to partner with Advantage Lithium over the many lithium juniors in the space.
Midas Gold President & CEO Stephen Quin also joined me (click for interview) to share the details of its latest drill results which included the best hole ever reported at the world-class Stibnite gold project in Idaho.
Lastly I had the pleasure of speaking with (click for interview) Leading Edge Materials CEO Blair Way to go over president Trump’s recent comments about Sweden, clarify some misinformation making the rounds regarding graphite, and to talk about the reinstatement of the exploration license at its Norra Karr rare-earth project.
That’s all for this week, this is Gerardo Del Real for Resource Stock Digest.