RSD Weekly Recap: Cordoba Minerals (TSX-V: CDB), Mawson Resources (TSX: MAW), Skyharbour Resources (TSX-V: SYH)
A better than expected jobs report and an anticipated rate hike this week led gold to its longest stretch of declines since July of 2015.
Gold closed at $1201, a 2% loss for the week. Silver closed at $16.92 an ounce for a weekly loss of 4.6%
What was striking about the fall in gold and silver prices is that both dropped despite the dollar also being down slightly.
Copper closed at $2.59/lb. for a weekly loss of 3.8%.
Platinum also took heavy weekly losses closing at $938 per ounce a weekly loss of 5.6% while palladium lost nearly 3% for the week and closed at $745 an ounce.
Uranium traded in the $24/lb. level to close the week out and zinc traded down slightly, closing at the $1.22/lb. level.
Here at Resource Stock Digest I had the opportunity to catch up with (click for interview) VP of Exploration for Cordoba Minerals Chris Grainger to go over the San Matias project in Colombia.
Speaking of high-grade district scale projects, I caught up with (click for interview) Mawson Resources president and CEO Michael Hudson.
Lastly, I spoke with (click for interview) Skyharbour Resources CEO Jordan Trimble about the $8 million deal with Areva at the Preston uranium project and drilling at the flagship Moore Lake.
That’s all for this week. Keep an eye on the Fed and the dollar this week as both will have an impact on the precious metals space.