City Investors Circle

Published their Monthly Market review for February 2021.

Topics included why is gold falling in price?  Which ‘green metals’ are soaring? Portfolio collateral damage, Copper, cobalt, and lithium. Continue reading →

   Gold Road Resources (ASX: GOR)

Management hosted their Investor Strategy Presentation for 2021.

This was well run, and the chosen time, 10 am in Sydney, 7 am in Perth, and 11 PM in London seen well timed to allow as many investors as possible to attend including those based in the UK and Europe. Continue reading →

Roxgold Inc. (TSX: ROXG)

Announced new exploration drilling results from the Company’s Boussoura Project, located on the Houndé Greenstone Belt in southern Burkina Faso. Continue reading →

   Cartier Resources Inc. (TSX-V: ECR)

Announced the execution of a binding letter of agreement with SOQUEM Inc. for the acquisition by Cartier of all the rights and interests of SOQUEM (50%), in a group of 14 mining claims located 50 km southwest of Chapais.

These claims are currently held under a 50-50 JV. Continue reading →

  Apollo Consolidated Ltd. (ASX: AOP)

Apollo Consolidated released an updated corporate presentation, bringing investors up to date with recent progress, including the discovery of new gold zones at Lake Rebecca, Western Australia.

The main focus is of course the newly acquired land package at Lake Rebecca, and the impact it will have on the project. Continue reading →

   Radisson Mining Resources Inc. (TSX.V: RDS)

Announced that it is making a number of changes to its board and management team, while continuing to strengthen its technical team.

The Company believes that the changes to the team and the addition of three new experienced directors will streamline decision making and significantly enhance the Company’s technical and financial strength, in turn positioning the company for the next phase of value creation at O’Brien. Continue reading →

PDAC 2021 – Charging investors £270 to attend

With covid preventing international travel, the organiser of PDAC 2021 wisely cancelled this year’s event and went virtual instead.

Given that the event is now virtual, I am surprised the organisers are charging C$490, or £270, for an investor to attend. This seems ridiculously high, and akin to paying an entrance fee to enter the local supermarket. Continue reading →

Mining Review – Sunday update 21st Feb. 2021

Copper has had another good week due to Chinese demand, and now stands at a 9 year high, nickel a 7 year high, and tin a 10 year high, as industrial metals rise on worldwide stimulus demand hopes.

Gold has had a terrible week, resulting in the price of many gold juniors falling, due to lower bond prices, the US Treasury Bond 10 year yield rising,  and a strong US dollar. Continue reading →

Uranium – The price is falling whilst stocks rise

The price rose last year as the giant Cigar lake mine was temporarily closed due to covid, and the world largest producer of U3O8, Kazatomprom, cut production by 20% until 2022.

The subsequent rise in price of U3O8 during 2020 has caused a bull run in uranium stocks, despite the fact that they are still unprofitable, and now the price is falling as Cigar Lake prepares to reopen. Continue reading →

   O3 Mining Inc. (TSX.V: OIII)

03 Mining provided new drilling results from the Marban project on its Malartic Property in Val-d’Or, Québec, as part of its well-funded 150,000 metre drilling program.

Current drilling on the Marban project focuses on expanding mineralisation outside of the proposed pit areas outlined in the PEA released in September 2020. Continue reading →

   Cornish Metals (TSX / AIM: CUSN)

The London Stock Exchange has welcomed Cornish Metals to their first day of trading on the London AIM Market.

The anomaly of a UK based mining project being only listed in Canada has now been corrected, after hard work by Richard Williams and the management team, that made it happen. Continue reading →

Osisko Development Corp. (TSX.V: ODV)

Announced that it has entered into an engagement agreement as of February 16, 2021 with Eight Capital, on behalf of a syndicate of underwriters  on a “bought deal” private placement.

The placing is an aggregate of 884,000 flow-through shares of the Corporation at a price of CDN$9.05 per FT Share; and (ii) 1,334,500 charity flow-through shares of the Corporation and, together with the FT Shares, at a price of CDN$11.24 per Charity FT Share. Continue reading →

   GoldMining Inc. (TSX: GOLD)

Announced  that its subsidiary, Gold Royalty Corp. has launched a roadshow for the proposed initial public offering  of its units.

GRC is offering up to 6,000,000 Units under the IPO at a price of US$5.00 per Unit. Continue reading →

   North American markets are closed on Monday 15th February.

The Canadian TSX and TSX Venture Stock Markets are closed due to a public holiday in Canada for Family Day.

The NYSE and NASDAQ Stock markets are closed  to celebrate George Washington’s birthday. Continue reading →

Mining Review – Sunday Roundup 14th February 2021

The media is starting to predict a new commodities supercycle, as government stimulus projects, stated by China, are starting to be rolled out across the world.

The main focus is on copper, nickel, iron ore, and lithium. Continue reading →

   Wesdome Gold Mines Ltd. (TSX: WDO)

Announced additional results from underground definition and exploration drilling at the Company’s 100% owned Kiena Mine Complex in Val d\’Or, Quebec.

The glory hole returned 326 g/t over 8 metres. Continue reading →

   Orla Mining Ltd. (TSX: OLA)

Announced that the Company has filed a technical report, prepared in accordance with the disclosure standards under National Instrument 43-101 for its Camino Rojo Oxide Gold Project located in Zacatecas, Mexico. Continue reading →

   Leviathan Gold (TSX.V: LVX)

Commenced trading today on the Toronto Venture Exchange under the ticker LVX.

Leviathan was spun out of Fosterville South, and has two projects, Avoca and Timor, both located in Victoria State, Australia. Continue reading →

   Canuc Resources (TSX.V: CDA)

CEO Chris Berlet has recorded an interview outlining the prospects at Canuc’s forthcoming drill campaign, and the geological rationale behind their excitement and anticipation. Continue reading →