RSD Weekly Recap: Laura Skaer, Advantage Lithium (TSX-V: AAL), Almadex Minerals (TSX-V: AMZ), Millrock Resources (TSX-V: MRO), K92 Mining (TSX-V: KNT)
After a steep sell-off the past few months, gold was down but only slightly closing at the $1,130 level.
Watch the last week of the year for another possible decline going into the New Year.
Silver was down $0.25 and closed in the $15.75 range.
Platinum and palladium were both down, $5 and $28 respectively closing at $900 an and $653 per ounce.
Copper is back down to the $2.60/lb. level while zinc is trading at $1.25 per pound.
Uranium held in nicely and currently trades at $20.50 per pound.
The better juniors are starting to catch a bid and the end of the year will provide a great opportunity to add to or initiate positions.
I had the pleasure of speaking with (click for interview) Laura Skaer, Executive Director of the American Exploration & Mining Association on a range of topics, including the effect that a Trump administration could have for the mining industry.
I also caught up with (click for interview) Advantage Lithium CEO David Sidoo. We went over drilling success in Nevada and he provided an update on the successful roadshow for the financing that Advantage Lithium will be closing on soon.
Morgan Poliquin continues to hit on the copper and gold front. I had the chance to speak with Morgan about (click for interview) the most recent assays from Almadex Minerals and its El Cobre project in Veracruz, Mexico.
Millrock Resources CEO Greg Beischer provided a drilling update (click for interview) on its El Chino property in Sonora, Mexico and the potential alliance with Centerra.
K92 Mining signed (click for news release) a long-term power supply agreement with PNG Power ensuring a stable, long-term supply and rate and further de-risking an already attractive and growing project.
From everyone at Resource Stock Digest we hope you had a great holiday and we wish you the best in 2017.