RSD Weekly Recap: Revival Gold (TSX-V: RVG), K92 Mining (TSX-V: KNT), Skyharbour Resources (TSX-V: SYH)

March 6, 2018

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

Gold settled at $1,322 an ounce for a weekly loss of 0.5%.

Silver was flat for the week, settling at $16.50 an ounce.

The dollar was relatively flat as well, briefly breaking the 90 level. It’s currently back at the 89.57 level.

Copper settled at $3.11/lb. for a 2.5% weekly loss.

Platinum lost 3% for the week, closing at $963 an ounce.

Palladium was down 5%for the week, closing at $984 and ounce.

Zinc got hammered last week as talk of tariffs and trade wars hit the base metals particularly hard.

Zinc closed at $1.53/lb., losing approximately 5.5%.

WTI Oil settled at $61.41/barrel for a weekly loss of 3.5%.

Uranium continued rangebound, settling at $22.20/lb.

I believe 2018 will go down as the last great opportunity to accumulate quality names at fantastic entry points. The bottom line is the juniors have not kept up with metal prices. That will change.

One of those companies that has excellent management, is cashed up and multiple catalysts this year is Revival Gold (TSX-V: RVG).

CEO Hugh Agro went over the plan for 2018 which now includes an expedited resource estimate for the past producing Beartrack mine, drilling at Beartrack and also at the nearby Arnett Creek.

With over $7 million in cash, fully-funded drilling and a resource estimate that I expect will surprise the market, Revival’s C$28 million market cap seems attractive.

K92 Mining (TSX-V: KNT) President Bryan Slusarchuk delivered more good news on both the exploration and production front at the Kainantu gold mine.

The company continues to execute well.

Lastly, Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble gave an excellent overview of the uranium market, past bull cycles and upcoming catalysts at Skyharbour. Drills are turning at multiple projects and again the valuation in light of the coming bull uranium market seems attractive at these levels.

That's all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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Name Last Change
DOW 27821.10 0.41%
S&P 500 3108.46 0.38%
NASDAQ 8526.73 0.52%
TSX 17005.82 0.03%
TSX-V 524.14 0.00%

Resource Commodities

Name Last Change
Gold 1471.27 0.21%
Silver 17.10 0.35%
Copper 2.65 2.647
Platinum 901.00 0.67%
Oil 57.11 3.33%
Natural Gas 2.56 1.91%
Uranium 25.88 0.00%