Gold Road Resources (ASX: GOR)
Presented a preliminary production update from Gruyere.
Despite a significant rainfall event casing disruption to mine operations guidance for 2024 remains on track. Continue reading
Gold Road Resources (ASX: GOR)
Presented a preliminary production update from Gruyere.
Despite a significant rainfall event casing disruption to mine operations guidance for 2024 remains on track. Continue reading
Cornish Metals (AIM / TSX-V: CUSN)
Announced today the departure of Chief Executive Officer Richard Williams, effective on March 31, 2024, when he will also leave the Company’s Board.
Mr. Williams will remain available to the Company on a consulting basis going forward. Continue reading
Mining Review 17th March 2024
News from Calidus Resources dominated the news this week, as they requested their stock be halted on the ASX, and then the ASX announced CAI was suspended from quotation.
The company announced a financial restructuring, which has some investors nervous about a potential downgrade of the stock upon its return to trading.
Calibre Mining (TSX: CXB)
Announced the results of the Company’s updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada properties as of December 31, 2023.
Reserves have grown in both jurisdictions net of depletion since acquisition of each asset. Continue reading
Calidus Resources (ASX: CAI)
the ASX announced that pending the release of an announcement regarding the restructure of CAI’s debt and hedge book with its financier and a capital raising. Continue reading
Orla Mining (TSX: OLA)
Provided an update on its exploration activities at the South Railroad Project in H2 2023.
This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 m. Continue reading
Calidus Resources (ASX: CAI)
The stock has been halted from trading on the ASX at the request of the company pending an announcement. Continue reading
Cartier Resources (TSX.V: ECR)
Announced the results of its ongoing drilling program for the Chimo Mine Project
The highlight was 13.2 g/t Au / 2.3 m including 46.1 g/t Au / 0.5 m. Continue reading
Karora Resources (TSX: KRR)
Announced updated 2024 gold production guidance of 170,000 – 185,000 ounces and all-in sustaining cost cost guidance of US$1,250–US$1,375 per ounce sold.
Karora’s updated guidance incorporates optimized 2024 mine and development plans across its operations. Continue reading
Mining Review 10th March 2024
The big news fo the week is the Admission by Karora Resources that they are in discussions with Ramelius Resources in regard to a business combination.
PDAC 2024 was a dull affair with a lot of early stage companies looking for finance. Continue reading
Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an update on its exploration activities at the South Railroad Project in the second half of 2023.
Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update. Continue reading
Karora Resources (TSX: KRR)
Notes the recent press speculation in relation to a potential transaction involving Ramelius Resources Ltd (ASX: RMS) and Karora.
Karora confirms that it is currently in exclusive discussions with Ramelius regarding a potential business combination. Continue reading
PDAC 2024 Day 3
The euphoria from the previous day carried forward as a result of the higher gold price which kept the mood positive on quite a busy third day of the show.
I did notice that many of the green field early stage exloration companies’ booths were quiet, a lot of phone scrolling going on there. Continue reading
Impact Minerals (ASX: IPT)
Announced a technical breakthrough using a low temperature “LTL process”, which could lower capital and operating costs at their LAke Hope High Purity Alumina project. Continue reading
PDAC 2024 Day 2
What a difference a day makes in the mining world!
The doom and gloom from yesterday was replaced by optimism as the price of gold soared around $50 to close at $2116. The mood in the show was clearly positive. Continue reading
PDAC 2024 Day 1
A quiet opening day to PDAC 2024, and the whole show lacked the usual excitement and vibrancy in my opinion.
Booth holders were bemoaning the lack of investors attending, and that they were mainly meeting service providers and people seeking opportunities. Continue reading
Mining Review 3rd March 2024
The week began quietly but ended with a bang as the price of gold soared 2.36% on US economic news, and the realisation that rate cuts are off the table for now and the FED is in a tight corner.
Orla Mining acquired Contact Gold to increase the size of their South Railroad Proeject in Nevada. Continue reading
Metals Investor Forum Toronto
This Pre-PDAC event was quieter than normal, and a lot less vibrant.
The companies participating were in the main early stage exploration juniors, just the sort of companies I’m personally avoiding investing in currently. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Announced that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, private placement of units of the Company at a price of US$1,000 per Unit for gross proceeds of US$20,000,000. Continue reading
Mining Review February 2024
Our monthly Mining Review has been published, reporting all the news from our watchlist companies.
There were many good drill results reported by our companies including Calibre Mining, Cabral Gold, and Karora Resources, to name but three of many. Continue reading