RSD Weekly Recap: Volatility Returns, Nevada Sunrise Drills, K92 Near-Term Catalysts, Golden Arrow Drill Results
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
As expected, volatility is back as markets rolled over on Friday amid speculation that the Fed may be inclined to move on a rate hike in September.
Gold closed the week at the $1,330 range and managed a slight gain of approximately 0.7% despite three days in a row of declines.
Silver meanwhile also registered a slight gain of 0.2% for the week and traded in the $19.33 level on Friday before breaking the $19 level. As of the time of this recording silver sits at $18.90 an ounce.
Copper was up 0.6% for the week and closed around the $2.09 level. Platinum saw a weekly gain of approximately 1% and palladium was also up approximately 0.7% for the week.
Here at Resource Stock Digest I had the pleasure of speaking with Nevada Sunrise CEO Warren Stanyer about the upcoming drill program at Clayton Valley with partner Advantage Lithium. We also discussed exploration plans at Roulette, an early-stage gold property located in Nevada.
I caught up with Bryan Slusarchuk, President of K92 Mining to talk about the world-class management team at K92 and the multiple near-term catalysts, including near-term production as well as the exploration upside that still exists.
Golden Arrow announced Phase VI drill results from its Chinchillas project in Argentina. The silver-lead-zinc project is being advanced with partner Silver Standard and many speculate that Golden Arrow is a legitimate takeout target as a result of the resource in place and the exploration upside that still exists.
That’s it for this week. I’ll be in Beaver Creek at the Precious Metals Summit. If any of you are attending, feel free to reach out. Have a great week.