RSD Weekly Recap: Millrock Resources (TSX-V: MRO), K92 Mining (TSX-V: KNT), K2 Gold (TSX-V: KTO)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold closed lower, shedding 2% last week and settling at $1,292 an ounce.
Silver settled at $16.41 an ounce, down 21 cents for a weekly loss of approximately 1.3%.
The dollar closed higher, settling at 93.69 for a weekly gain of 1.2%.
Copper settled lower, closing just shy of $3.10/lb. for a weekly loss of three cents.
I’ll repeat what I’ve been saying every time copper pulls back, it’s a healthy consolidation and headed higher.
Platinum settled at $883 an ounce for a weekly loss of 4%.
Palladium also closed lower settling at $962 an ounce for a weekly loss of 2.5%.
Zinc picked up a penny on the week, settling at $1.40/lb.
Oil settled at $71.31/barrel for a weekly gain of approximately 1.1%.
Uranium picked up approximately 2%, settling over the $22/lb. level and closing at $22.13/lb.
Millrock Resources (TSX-V: MRO) CEO Greg Beischer detailed plans for what looks like a very busy drilling season for Millrock. Drills are turning in Mexico and will be turning in Alaska soon.
K92 Mining (TSX-V: KNT) capital markets advisor Bryan Slusarchuk delivered more good news, including a 4.2 meter intercept grading 117 g/t Au.
K2 Gold (TSX-V: KTO) CEO Stephen Swatton went over the latest district-scale opportunity the company is adding to its portfolio. This time in Alaska. The project adds to the flagship Wels property which also has district-scale potential.
It didn’t sound like the K2 team was done looking for assets and it will be interesting to see what else the very connected team is able to roll in.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.