INDUSTRY REPORT: The Weekly Dig – August 8, 2014

POSTED ON August 08, 2014 BY Haywood Mining Team
CATEGORY Haywood Securities,

Markets Soft on Flaring Geopolitics and Fragility in EU Growth

Global headlines have been kept busy with the constant bombardment of flaring geopolitical issues in the Middle East and Eastern Europe together with growing concerns on the impact and spread of the Ebola virus in West African nations.

North American Indices largely ended down to neutral for the week despite recovery in indices on Friday. Gold finished higher for the week at $1,311 per ounce on Friday, while silver weakened to $19.97 per ounce, whereas platinum rose slightly to $1,477 per ounce and palladium closed at $862 per ounce. Copper and zinc closed weaker for the week at $3.18 and $1.04 per pound respectively, whereas nickel and lead moved higher for the week to $8.36 and $1.01 per pound respectively.

Highlights of this edition of the Weekly Dig includes:

Drilling results from Cordoba Minerals, Source Exploration, Mega Precious Metals, Fission Uranium and NexGen Energy.
Analysis of a slew of companies that reported their latest quarterlies including: First Quantum, Eldorado Gold, Mandalay Resources, Midway Gold, SEMAFO and Ur-Energy. Also, updates from Luna Gold and Orbis on their respective operations.
You’ll also get to see who raised money this week in the junior mining sector with a total of 12 equity financings totalling $47.3 million
Plus you’ll get the always informative and updated Comparables Tables.

Click here for the full report

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Haywood Mining Team

Canadian mining companies have been among the industry leaders, creating new exploration and development undertakings and drawing on their recognized production expertise to generate new opportunities. Our mining research team follows all segments of this sector, covering base and precious metal sectors for large and small-cap companies. Haywood's mining sector coverage also continually seeks opportunities in the dynamic Canadian junior market sector, one that has a rich culture in exploration and development. More →

gmark@haywood.com

Haywood Mining Team

gmark@haywood.com

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