RSD Weekly Recap: Midas Gold (TSX-V:MAX), Kenadyr Mining (TSX-V: KEN), East West Petroleum (TSX-V:EW), Almadex Minerals (TSX-V:AMZ), Skyharbour Resources (TSX-V: SYH), Advantage Lithium (TSX-V: AAL)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold lost 0.2% for the week closing at $1,251 an ounce but was up 8.1% for the quarter, making it the first quarterly gain of the last 10 years.
Silver meanwhile added 0.3% for the week closing at $18.25 an ounce, but added a robust 13.5% for the quarter.
The gains were due in part to a weaker dollar which was flat for the week but settled down nearly 2% for the quarter.
Copper closed at $2.65/lb. adding 5.7% for the quarter.
Platinum closed at $951 per ounce for a quarterly gain of approximately 5% while palladium closed near the $800 per ounce level for a quarterly gain of approximately 17%.
The spot price of Uranium closed lower and settled back at the $23/lb. level while zinc closed a bit lower, setting at $1.24/lb.
Busy week here at Resource Stock Digest.
Midas Gold (TSX-V:MAX) reported more blockbuster numbers from its winter drill program at its Stibnite Gold project in Idaho. I spoke with (click for interview) CEO Stephen Quin on the latest results.
I also caught up with Kenadyr Mining (TSX-V: KEN) President Bryan Slusarchuk. Kenadyr began trading on Friday and has a very interesting project. You can listen to all the details here.
East West Petroleum (TSX-V:EW) CEO David Sidoo provided an update on important drilling in Romania and the company’s water flood program in New Zealand. The company has a tiny market cap and several potential near-term catalysts that could send shares much higher. You can listen to the interview with Mr. Sidoo here.
Almadex Minerals (TSX-V:AMZ) CEO Morgan Poliquin updated us on progress at El Cobre in Veracruz, Mexico. Two drills are turning and I expect results soon. The company has recently discovered outcropping high-grade gold mineralization. Click here for my interview with Morgan.
Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble continues to make deals. I had the pleasure of interviewing Jordan on the most recent deal on the East Preston property. Click here for the interview with Jordan.
Lastly, Advantage Lithium (TSX-V: AAL) finalized its acquisition of Orocobre’s properties and the company plans an aggressive drill program at Cauchari this month. You can listen to my interview with Advantage CEO David Sidoo here.