RSD Weekly Recap: Skyharbour Resources (TSX-V: SYH), Mawson Resources (TSX-V: MAW), K2 Gold (TSX-V: KTO)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold settled at $1,293 an ounce last week for a weekly gain of 1.5%.
Silver also closed higher, settling at $17.27 an ounce and adding 2.5% for the week.
This as the dollar traded lower, losing 0.8% and settling at 93.67.
Platinum closed at $951 an ounce, adding 2.6% for the week.
Palladium traded flat, settling at $988 an ounce.
Copper closed at 3.05/lb. for a weekly loss of $0.02 cents but is back trading at $3.13/lb.
I like the recent consolidation in copper and zinc prices and am personally increasing my exposure to quality juniors in the space.
Hannan Metals (TSX-V: HAN) and Almadex Minerals (TSX-V: AMZ) are two names that come to mind.
Zinc closed at the $1.46/lb. level for a weekly loss of $0.03 cents.
Oil closed at $56.55 a barrel for a weekly loss of $0.32.
Everyone that didn’t want to talk about uranium now wants to talk about uranium. Uranium closed 6.6% higher, settling at $24.25 and is currently above the $26/lb. level.
Speaking of quality uranium companies. I spoke with Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble about uranium and upcoming catalysts for Skyharbour.
Jordan was on the uranium panel at the Silver & Gold Summit in San Francisco and gave an excellent presentation on how he used the bear market to set the company up for success in a better uranium market, a better market that seems to be in the cards.
Mawson Resources (TSX-V: MAW) CEO Michael Hudson shared Mawson’s plans for important upcoming drill programs the company is undertaking this winter.
Lastly, I caught up with K2 Gold (TSX-V: KTO) CEO Steven Swatton. K2 has been busy adding acreage to the flagship Wels property in the Yukon as well as developing targets at several of its other properties.
K2 has a very accomplished team and tax-loss selling season has contributed to shares trading at bargain prices.
I just returned from the Silver & Gold Summit in San Francisco.
Cryptocurrencies and uranium seemed to be on everyone’s mind. Gold and silver not so much, which is likely a good sign of a bottom considering it was a Silver & Gold summit.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.