City Investors Circle – London

Have published their Annual Review for 2020.

Contents include our best performing stock form our watchlist, up 833%!  We list our other stocks that increased over 100%, plus comment on gold, Silver, copper, iron ore, lithium, and oil.   To read the review please click here    Continue reading →

   Red River Resources Ltd. (ASX: RVR)

Announced that it has started production at its Hillgrove Gold Operation in New South Wales.

First ore was processed through the plant on the 29th December, and the plant is now ramping up to a stable production rate. Continue reading →

   Neometals Ltd (ASX: NMT)

Announced an updated estimate for the nickel sulphide Mineral Resource at its Zabel deposit, which forms part of the Mt Edwards Project located in a province of historic nickel sulphide mines surrounding Widgiemooltha.

Using historical and new assay data, the reinterpreted Mineral Resource estimate
at Zabel has increased in tonnes and grade, with contained nickel now at 6,800 tonnes. Continue reading →

   Kootenay Silver Inc.(TSX.V: KTN)

Announced the Company has entered into a joint venture agreement with Aztec Minerals Corp.  (TSX.V: AZT) in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico.

Aztec has completed its earn-in and exercised the option to acquire a 65% interest in Cervantes.  Kootenay retains the remaining 35% interest. Continue reading →

   Cartier Resources Inc. (TSX.V: ECR)

Announced the results of the mineral resource estimate of the Pusticamica Gold Deposit of the Benoist Property, located 65 km northeast of Lebel-sur-Quévillon in the province of Québec.

The report detailed 1,455,400 t at an average 2.87 g/t Au Eq for a total of 134,400 oz of gold in the indicated resource category, and 1,449,600 t at an average of 2.30 g/t Au Eq for a total of 107,000 oz of gold in the inferred resource category. Continue reading →

   Neometals Ltd (ASX: NMT)

Announced excellent results from beneficiation test-work which has generated further concentrate titanium and vanadium concentrate samples for scale up validation work in China.

The largest-scale test work program was conducted on 20 tonnes of Barrambie Eastern band (high titanium zone) mineralised material which generated 11 tonnes of heavy mineral concentrate (containing titanium, vanadium and iron) from traditional gravity spirals used by the mineral sands industry. Continue reading →

Merry Christmas from City Investors Circle.

It’s been a really tough year for us all, but we have reached the time of celebration and goodwill.

We should be positive for 2021, and seek to regain some normality in our lives, but also pause to remember those that have been lost along the way. Continue reading →

Stock Markets – Opening Hours 24th December 2020

London     – 08.00 – 12.30

Toronto     – 09.30 – 13.00

New York  – 09.30 – 13.00

All times are local. Continue reading →

   Wesdome Gold Mines Ltd. (TSX: WDO)

Announced an updated Mineral Resource Estimate at its 100% owned Kiena Mine Complex, in Val d’Or, Québec.

This estimate shall form the basis on which the Kiena PFS is founded. The company plans to complete the PFS in H1 of 2021, and contingent upon those results, decide on the potential next steps and timing of the Kiena Mine restart. Continue reading →

Orla Mining Ltd. (TSX: OLA) 

Announced that its common shares have been authorized for listing on the New York Stock Exchange (NYSE) American under the symbol “ORLA”.

The Company’s shares are expected to begin trading on the NYSE American on December 22, 2020. There is no offering concurrent with the listing and Orla’s addition to the exchange is classified as a “dual listing without capital raise”. Continue reading →

   Neometals Ltd (ASX: NMT)

Provided an update on the commercialisation of its lithium-ion battery (“LIB”) recycling technology in partnership with SMS group.

The Neometals and SMS 50:50 incorporated joint venture (“JV”), Primobius GmbH , is making strong commercialisation headway on multiple fronts, and the company is excited about making its mark on the battery value chain in 2021. Continue reading →

   Mining Review – Sunday Roundup 20th Dec 2020

Gold and silver recovered some of their recent losses due to a weaker US dollar.

Younger investors seem to be turning to Bitcoin as a store of value rather than gold.

Iron ore and copper prices remain high due to political problems and some supply constraints. Continue reading →

   Cartier Resources Inc. (TSX.V: ECR)

Have signed a Mineral Exploration Agreement with The Cree First Nation of Waswanipi  to facilitate the exploration of the Benoist project.

The MEA puts in place a framework for the CFNW and Cartier to work together before, during, and after, the exploration activities within the CFNW traditional territory. Continue reading →

   Fiore Gold Ltd. (TSX.V: F) 

Announced that its financial statements and management’s discussion and analysis for the fiscal year ended September 30, 2020, have been filed with the securities regulatory authorities

Highlights are full-year gold production of 46,031 ounces (an 11% increase over the preceding year and within guidance of 45,000-48,000 ounces), and gold sales of 46,334 gold ounces at an average realised price of $1,681 per ounce. Continue reading →

   Westhaven Gold Corp. (TSX-V:WHN) 

Announced assay results from its ongoing drill program at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

This newly discovered FMN zone is the third gold zone discovered since the initial high-grade gold discovery at South Zone in late 2018. Continue reading →

   Lithium Power (ASX: LPI)

Is reported to be seeking up to A$10 million in a placing at 22 cents, which represents a 20% discount to the 10 day VWAP, and a 13% discount to the last reported trade price.

Closing bids had to be in by 5 pm local time yesterday, Tuesday 15th December. Continue reading →

   O3 Mining Inc. (TSX.V: OIII)

Announced positive results from the independent PEA on its 100 percent owned Garrison project in the Kirkland Lake region in Ontario, Canada.

Using a gold price of US$1450, the after-tax NPV at a 5% discount rate is $321 million, the IRR 33%, and initial capex of C$267 million.

Continue reading →

   Mining Review Sunday Roundup 13th Dec 2020

Precious metals have been moribund this week.

Copper, coking coal, iron ore, and nickel rose in price as demand rises due to increased industrial production, mainly in China.

Canadian tax loss selling is underway, but some companies on our watchlist are swimming against the tide. Continue reading →