RSD Weekly Recap: Advantage Lithium, Leading Edge Materials, Almaden & Almadex, Millrock Resources, Nevada Sunrise
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold briefly reached the $1,300 level. Closing higher for the fourth consecutive week.
Silver also rallied back to the $18.50 level adding 3.7% for the week.
The move higher doesn’t appear sustainable in the short-term as the combination of better economic data, which supports a Fed hike in December, and the election coming and going tomorrow, are likely to lead to a temporary pullback in the price of gold.
Copper added 2.6% closing at $2.25/lb.
Platinum and palladium added 1.1% and 1.3% each closing at $1,005 an ounce and $624 an ounce, respectively.
Oil was down approximately 10% as higher inventories and uncertainty surrounding OPEC’s ability to curb output pressured prices to a six-week low.
Here at Resource Stock Digest I was able to speak with (Click for interview) Advantage Lithium CEO David Sidoo on drilling success in Nevada and the strategy in Argentina.
Leading Edge Materials CEO Blair Way called in (Click for interview) to to go over the company’s progress on both, the graphite and cobalt front.
I also had the opportunity to interview (Click for interview) Almaden Minerals CEO Morgan Poliquin to go over the pre-feasibility metallurgy, project economics and exploration potential at Ixtaca.
I was also able to chat with (Click for interview) Morgan about El Cobre, the new copper-gold porphyry discovery in Veracruz by Almadex Minerals.
I caught up with (Click for interview) Millrock Resources CEO Greg Beischer on its project generator strategy and the advances being made on projects ranging from Alaska down to Mexico.
Lastly I was able to speak with (Click for interview) Nevada Sunrise CEO Warren Stanyer about success in Nevada on the lithium front with JV partner Advantage Lithium.
That’s all for this week.