Monthly Archives: October 2021

Monthly Mining Review October 2021 Published

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Monthly Mining Review – October 2021

City Investors Circle published their monthly mining review for October 2021, which highlighted a growing shortage of magnesium and aluminium, due to Chinese smelters being offline, due to a coal shortage causing power cuts in the industrial northern area.

Colonial Coal (CAD.V) was the biggest riser in the portfolio for the second month in a row, a terrific feat. Other stocks mentioned include Apollo Consolidated, Fiore Gold, Latrobe Magnesium, Karora Resources, and Newcore Gold.  […]  Continue reading →

Global Mining Finance Conference – London

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Global Mining Finance Conference – London

London’s first live mining conference in two years takes place next week, at the historical Armourers’ Hall, Moorgate.

There is a strong line up of industry expert speakers and corporate presenters, who will deliver succinct 20 minute presentations.

To register for a free delegate pass, please click HERE           Continue reading →

Newcore Gold Intersects 2.04 g/t Gold Over 35 m

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Newcore Gold (TSX.V: NCAU)

Announced additional drill results from the 90,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project in Ghana.

Drilling at the Nyam Gold Deposit at Enchi has intersected high-grade, oxide gold mineralization grading 2.04 grams per tonne gold  over 35.0 metres from surface, including 4.89 g/t Au over 8.0 m from 8 m. Continue reading →

Fiore Gold Accepts Calibre Mining buyout Offer

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Fiore Gold (TSX.V: F)

Fiore Gold announced today they had accepted a bid from Calibre Mining for the company.  Calibre are based in unfashionable Nicaragua, so Fiore offers them a chance to diversify into a tier 1 jurisdiction.

Fiore shareholders will receive 0.994 of a Calibre common share and C$0.10 in cash for each Fiore common share held[…] Continue reading →

Colonial Coal – New Research Note Published

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Colonial Coal (TSX.V: CAD)

A new research note written by New York and London based Hallgarten Investment Research is positive for Colonial Coal.

What is amusing is the price target given when the report was written a week ago has already been surpassed!  A 50% increase in share price in a week means the report may need to be updated […] Continue reading →

Mining Review Sunday Update 24th October 2021

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Mining Review Sunday Update 24th Oct 2021

The story of the week is the 50% rise in price of Colonial Coal (CAD.V), which has long been acknowledged as an incredibly undervalued stock at the asset level, in a tier 1 country, and finally the market is waking up to this fact.

The surprise of the week was an unsolicited bid by Ramelius Resources for Apollo Consolidated (AOP.AX) which was board accepted, and recommended shareholders to do likewise. Then came along Gold Road Resources (GOR.AX), who announced a 19.9% stake in Apollo, effectively blocking Ramelius’ bid as it requires a 90% acceptance. Continue reading →

GoldMining Announces US$20 Million Non-Dilutive Facility

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GoldMining Inc. (TSX: GOLD; NYSE American: GLDG)

Announced that it has received a commitment for a US$20 million loan facility with Bank of Montreal.

The Facility will be subject to an interest rate of 3-month USD LIBOR plus 5.65% per annum and customary margin requirements. The Facility will have a maturity of one year, may be extended for an additional one-year period, subject to lender approval, Continue reading →

Global Mining Finance Conference in London

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Global Mining Finance Autumn Conference 3rd Nov. ’21

The first live mining conference in London for two years is taking place at the iconic Armourers’ Hall, 81, Coleman Street, Moorgate on Wednesday 3rd November, commencing at 09.30.

It’s great to be able to meet and network with fellow investors, and a strong turnout is expected. Continue reading →

Colonial Coal Price Soaring – New Research Report

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Colonial Coal (TSX.V: CAD)

The share price of Colonial Coal is soaring on the sky high price of steelmaking (coking) coal, and speculation the company may receive M & A activity in the near future.

Every $1 rise per tonne in the price of coking coal just makes the undervaluation of Colonial Coal at the resource level look ever more ridiculous. Continue reading →

Apollo Consolidated receive bid approach

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Apollo Consolidated (ASX: AOP)

Ramelius to acquire Apollo Consolidated Limited (Apollo), 100% owner of the Lake Rebecca Gold Project in Western Australia, via a recommended off-market takeover offer.

Apollo shareholders are to receive an implied Offer price of $0.562 per share  comprising $0.34 in cash and 0.1375 Ramelius shares per Apollo share. Continue reading →

Mining Review Sunday Update 17th October 2021

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Mining Review Sunday Update 17th Oct. 2021

Copper and coal remain the key stories at the moment, as a shortage of supplies in both key commodities is driving their prices higher. Colonial Coal (TSX.V: CAD) rose to an all time high on the back of M & A speculation as a result.

Gold had a good week until Friday when US inflation numbers drove erased most of the week’s gains in a flash. Continue reading →

Fosterville South Drills Assays up to 238.1 g/t Gold

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Fosterville South Exploration (TSX.V: FSX)

Reported that initial diamond drilling at the Reedy Creek goldfield within the Providence Project in Victoria, Australia has returned high-grade gold assays.

Highlights included 0.7m at 238.1 g/t Gold from 68.70m and 0.80m at 22.5 g/t Gold from 40.80m in diamond drill hole RWD01 […] Continue reading →

Cabral Gold Expands the Gold-in-Oxide Blanket at MG

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Cabral Gold (TSX.V: CBR)

Results have been received from 17 additional RC drill holes which were designed to test the extent and continuity of the MG gold-in-oxide blanket which overlies the primary MG gold deposit. Based on these results, the surface area of the blanket has been expanded by at least 20%, to a total of 24 hectares. Continue reading →

Fiore Gold Achieves Record gold Production in Q4

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FIORE GOLD LTD. (TSX.V: F)

Announced preliminary record gold production results for the Company’s fourth fiscal quarter (“Q4”) and the full fiscal year 2021 which ended September 30th, 2021, for its Pan open pit mine.

Fiore also achieved annual production guidance for the third consecutive year. Continue reading →