Mining Review Sunday Update 11th July

Gold has edged back up over $1,800 per ounce, as it tries to shrug off the mid June low of around $1760.

One major factor was a sharply lower US Bond yield, and a slightly weaker US dollar.

Continue reading →

Los Cerros Limited (ASX: LCL)

Los Cerros reported the first drill results from Ceibal, the Company’s new porphyry target, located less than 1km from the Tesorito South porphyry discovery, both of which are part of the Company’s 100% owned Quinchia Project in Risaralda – Colombia. Continue reading →

Ascot Resources Ltd. (TSX: AOT)

Announced the discovery of new high-grade copper, gold, and silver mineralization at the Company’s Premier Gold Project.

These are the first drill results from this year’s 25,000m exploration program, which is aimed at testing new, high-priority targets as well as following up on last year’s drilling successes. Continue reading →

Apollo Consolidated (ASX: AOP)

Apollo Consolidated continue their drilling success at its Rebecca gold deposit, part of its Lake Rebecca Gold Project, located near Kalgoorlie, Western Australia.

Recent reverse circulation drilling has identified several significant new gold intercepts. Continue reading →

Neometals Ltd (ASX: NMT)

Announced that Primobius GmbH, the joint venture company owned 50:50 by Neometals and SMS group GmbH, has commenced commissioning of its showcase lithium-ion battery recycling demonstration plant in Hilchenbach, Germany. Continue reading →

03 Mining Inc. (TSX.V: OIII) 

03 Mining updated on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada seeking to convert, expand, and discover new gold resources.

The company has reported 18 holes in this release from the Marban, Gold Hawk, North and Orion zones. Continue reading →

Orla Mining Ltd. (TSX: OLA)

Announced a non-brokered prospectus financing consisting of 9,085,263 common shares priced at C$4.75 per common share for total gross proceeds of US$35,000,000 (C$43,155,000) .

The Offering has been subscribed to by accredited investors Continue reading →

Mining Review Sunday Update 4th July 2021

City Investors Circle published the Mining Review for the 4th July 2021.

There has been good newsflow in the past week, but wasted in this market of falling precious metal prices. Orla Mining (TSX: OLA) was the star, raising finance at a premium to the prevailing price on the day. Continue reading →

Roxgold (TSX: ROXG)

The takeover of Roxgold by Fortuna Silver was approved by both sets of shareholders, and will become effective on the 2nd July.

Fortuna Silver will retain its name, despite having producing gold mines. City Investors Circle will cease coverage as Roxgold disappears into the larger entity. Continue reading →

Neometals (ASX: NMT)

Have announced the demerger of their Mt. Edwards Nickel project into a newco, Widgie Nickel Limited, to be subsequently listed on the ASX.

NMT shareholders will benefit by the  receipt of free shares in the newco, as well as having the option to subscribe through a rights issue. The timeline is scheduled for Q4 2021. Continue reading →

City Investors Circle Market Review June 2021 published

The June 2021 Market Review has been published, and features comments on the recent fall in the gold price, recent gains and falls in the industrial metal prices, and why coking coal is soaring.

Companies featured include Colonial Coal (CAD.V), Newcore Gold (NCAU.V), Maple Gold (MGM.V), and Minera Alamos (MAI.V).

The review can be viewed HERE Continue reading →