GoldMining Inc. (TSX: GOLD, NYSE: GLDG)
Announced that it is initiating a PEA on its 100% owned São Jorge Gold Project in Pará State, Brazil, and announces the results of an updated Mineral Resource Estimate.
Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading 1.55 g/t gold), and Inferred Mineral Resources of 0.72 million ounces of gold. Continue reading
Newcore Gold Ltd. (TSX-V: NCAU)
Announced the positive results of an updated independent Preliminary Economic Assessment (“PEA”) completed for the Company’s 100%-owned Enchi Gold Project in Ghana.
After-Tax NPV5% of US$212 million, After-Tax IRR of 42% (at $1,650/oz Gold,) Average Annual Gold Production of 104,000 ounces in years 2 through 5
ZEN Graphene Solutions (TSX.V: ZEN)
A Canadian, next-gen nanomaterials technology company and Trebor Rx Corp. are pleased to announce successful inhalation safety testing results of ZENGuardTM-enhanced surgical masks and submission of these results to Health Canada.
Health Canada is reviewing the application as a priority item with a decision expected shortly. Continue reading
| 03 Mining | TSX | ROXG | Quebec, Canada. Near the Canadian Malartic Mine Exploration potential in a gold mining ‘hotspot’ |
| American Creek | TSX | F | Golden Triangle, near Stewart, Brotosh Colombia Free carry to production decision. JV with Tudor Gold |
| Cabral Gold | ASX | GOR | Tpapajos region, Para State, Brazil Site of the word’s largest ever gold rush in the 1980’s |
| Canuc | TSX.V | CDR | |
| Cartier | TSX.V | ECR | Abitibi Greenstone Belt, Quebec. |
| Cornish Metals | TSX.V | MAI | Cambourne, Cornwall, England Former producing tin and copper mine |
| Fosterville South | TSX.V | FSX | Victoria State, Australia. Multi projects including adjoining Kirkland Lake’s Fosterville Mine |
| GoldMining Inc. | TSX | GOLD | Brazil, Canada, Colombia, USA. 14 projects Acquiring and developing gold projects in the Americas |
| Kootenay Silver | TSX.V | KTN | Chihauhau and Sonora, Mexico Five silver projects in northern Mexico |
| Los Cerros | ASX | BDC | Colombia High grade gold and copper Funded through the next round of drilling |
| Newcore Gold | TSX | NCAU | Ghana |
| Nouveau Monde | ASX | NMT | Australia. Perth. A multi asset company Focused on green metals and battery recycling. |
| Nouveau Monde | TSX.V | NOU | Quebec. Matawinie graphite property, 150 km north of Montréal Mine currently under construction |
| Osisko Development | TSX | OLA | Cariboo District, British Columbia, Canada Former Barkerville Gold property at Cariboo Mountain |
| Radisson | TSX.V | RDS | Abitibi Greenstone Belt, Quebec. Large scale gold project at O’Brien |
| Red River Resources | TSX.V | CAD | NSW and Queensland, Australia. Producing gold mine Exploration upside potential in Queensland |
| Silver Tiger | TSX | GAU | Sonora State, Mexico El Tigre, famous old producing silver mine High grade silver, many unexplored areas |
| Tinka Resources | TSX.V | TK | Ayawilca, Peru. Zinc, silver, and tin project Large scale project, investment by Buenaventura |
| Uranium Energy | NYSE | UEC | Texas, Wyoming, Paraguay. In situ uranium recovery. Production currently suspended due to low iranium price |
| Westhaven Gold | TSX.V | WHN | |
Neometals Ltd (ASX: NMT)
Neometals announced that it has accepted an offer for Neometals to relinquish its Mt Marion spodumene offtake option rights for the sum of A$30 million (ex GST).
This transaction bolsters significantly the Company’s already strong balance sheet increasing its cash, receivables and investments to ~A$107million. Continue reading
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This website was set up to follow the progress of companies that have presented at one of our lunches in London in the past.
This has been expanded to include some companies that have not presented to the Circle, but we have met personally, or virtually, to increase the news coverage of the site.
All companies are chosen on merit only, and we look for a prudent management team, experienced, a good scalable project, well financed or able to do so, situated in a tier 1 jurisdiction, and with good newsflow.
The top tier of the companies we follow is in the table below.
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| Company | Market | Epic | Notes |
| Ascot Resources | TSX | AOT | British Columbia Golden Triangle. Restarting Premier Gold Mine. Funded and construction is starting. |
| Bardoc Gold | ASX | BDC | Western Australia, Kalgoorlie. Offtake agreement signed. Exploration upside potential with numerous satellite pits. Production decision due imminently |
| Colonial Coal | TSX.V | CAD | British Columbia Peace River coalfields. Massive resource of steel making (coking) coal, two proejcts Awaiting a corporate action. |
| Fiore Gold | TSX | F | Nevada. In production, cahflow positive, strong treasury Utilising cashflow to develop Gold Rock satellite pit nearby Early stage exploration on an adjoining trend. |
| Galiano Gold | TSX | GAU | Ghana. Asanko producing gold mine 45% owned JV with Gold Fields (45%), and the government of Ghana (10%) Exploration at other 100% owned projects |
| Gold Road Resources | ASX | GOR | Western Australia, in production, JV with Gold Fields. Cashflow positive, funding huge exploration of 25,000 m. Pays a dividend. |
| Minera Alamos | TSX.V | MAI | Mexico. Sonoro State. Santana Mine under construction, Funded to complete construction, near term production. Two other projects, La Fortuna and Cerro de Oro. |
| Neometals | ASX | NMT | Australia. Perth. A multi asset company Focused on green metals and battery recycling. Future producer of speciality metals and advanced materials. |
| Orla Mining | TSX | OLA | Mexico, Zacatecas State. Camino Rojo Mine funded and under construction, low capex. Cerro Quema copper gold project in Panama offers upside. |
| Roxgold | TSX | ROXG | Burkina Faso, in production, cashflow positive Constructing a new mine in the Ivory Coast. Subject to a take over bid from Fortuna Silver |
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Mining Review – Sunday Update 6th June 2021
After the recent strong run for gold and silver, some profit taking occurred this week, and gold is currently back below $1900, at $1890, and silver $27.78. Weaker than expected US employment numbers caused gold to rebound off the lows.
Bardoc Gold and Westhaven Gold both reported high grade drill results this week. Continue reading
Gold Road Resources (ASX: GOR)
Released an updated corporate presentation following their recent results and AGM.
Gold Road Resources have risen around 40% in price recently as the gold price has recovered from its recent low, and results from their Gruyere mine (50%) continue to improve. Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)
Announced that it has closed the previously announced sale of the Moss Lake Project to Goldshore Resources Inc..
Wesdome received initial aggregate consideration of $57M, comprised of an Initial cash payment of $12.5 million, and 30,085,000 Goldshore common shares. Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Announced drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property. Shovelnose is located 30 kilometres south of Merritt, British Columbia.
The highlight was hole SNR21-04 (South Zone: Vein Zone 1, 82.00-123.55m, recording 41.55 m of 8.17 g/t gold and 34.64 g/t silver. Continue reading
Roxgold (TSX: ROXG)
Shareholders from Roxgold and Fortuna Silver are preparing to vote for or against the proposed merger of the two companies.
A straight majority is required at the Fortuna vote but a two thirds majority required at the Roxgold vote. Continue reading
Bardoc Gold (ASX: BDC)
Reported exceptional results including 14m @ 7.63 g/t Au, from the Omega Lode at Aphrodite, which indicate the potential to expand their reserve and resource inventory outside the current open pit design. Continue reading
