Market Review 31st May 2022 Published

City Investors Circle – Market Review 31st May 2022

The Review features a focus on Minera Alamos (MAI.V), and comments on poor Q1 financials from Karora Resources, and the reasons for them.

We also raise the question “where is safe to invest in order to protect your capital in these volatile markets?, and offer a few suggestions.  […]  Continue reading

Gold Road Tables ‘Final Offer’ in DGO Takeover Bid

Gold Road Resources (ASX:GOR)

Announced an increased offer for all the outstanding ordinary shares of DGO. The Improved Offer consideration is 2.25 Gold Road shares for every DGO Share outstanding.

The implied value of the DGO shares is $2.95, which is a 7.6% premium to DGO’s 10 Day VWAP as at 27 May 2022 of $2.74. Continue reading

Mining Review Sunday Update 29th May 2022

Mining Review Sunday Update 29th May 2022

City Investors Circle update on the mining scene, with commodity prices on the whole still falling due to a high dollar and US interest rate hike expectations.

Companies in the news this week included Banyan Gold, Calidus Resources, Karora Resources, Rokmaster Resources, and Tinka Resources.  […]  Continue reading

Calidus Resources Announces Maiden Lithium Drill

Calidus Resources Limited (ASX:CAI)

Announced that the maiden drill program has commenced at Pirra Lithium’s Spear Hill discovery located in the Pilbara region of Western Australia and unveiled in March 2022.

Pirra Lithium is owned equally by Calidus and Haoma Mining NL.  […]  Continue reading

Karora Resources 2nd Decline on Track and Cost

Karora Resources Inc. (TSX: KRR)
Announced that development of the second decline at Beta Hunt is tracking on cost and ahead of schedule with the estimated completion date now brought forward to Q1 2023 from mid-2023.
Karora Resources announces that the Beta Hunt second decline is progressing ahead Of Schedule, The Discovery Of A New Shear Zone And New Drilling Results Including 198.5 G/T Over 4.5 Metres.  […]

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Tinka Resources Secure a C$11m Strategic Funding

Tinka Resources(TSX.V: TK)

Announced that it has entered into an equity subscription agreement with Nexa Resources S.A. (NYSE: NEXA), the largest zinc producer in Latin America with several long-life operating mines and smelting operations in Peru and Brazil. C

Compañia de Minas Buenaventura SAA, an Insider of the Company, has advised it will exercise its pre-existing participation rights on the same terms and conditions. Continue reading

Banyan Gold Announces 4 million Oz Gold Resource

Banyan Gold Corp. (TSX.V: BYN)

 Announce an updated mineral resource estimate prepared for the Company’s AurMac Property ‎located in the Mayo Mining ‎district, approximately 56 km northeast from Mayo, Yukon.

The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ‎ounces of gold.  […]   Continue reading

Rokmaster Resources Drills 34.75 M Wide Zinc-Lead

Rokmaster Resources Corp. (TSX.V: RKR)

Announced initial assay results from diamond drilling on the Duncan Lake Zinc Project.

An initial drilling campaign was completed in early April 2022 with the purpose of confirming historical drill intersections as well as providing valuable geological information.  […]  Continue reading

Mining Review Sunday Update 22nd May 2022

Mining Review Sunday Update 22nd May 2022

Gold and silver recovered somewhat this week, as did some of the base metals, but are still well down on a month ago.

Companies in the news this week included Argosy Minerals, Banyan Gold, Calidus Resources, Cyprium Metals, and Karora Resources. Continue reading

Cyprium Metals Grow Nifty Copper Resource 28.4%

Cyprium Metals (ASX: CYM)

Announced a 28.4% increase in its Nifty Copper Mine’s Measured Resource Estimate to 940,200 tonnes of contained metals.

The Nifty Copper Mine is located in north-eastern Pilbara region of Western Australia, approximately 330km southeast of Port Hedland.  […]  Continue reading

Global Mining Finance Conference lineup revealed

Global Mining Finance Summer Conference

The lineup for the Global Mining Finance Summer Conference taking place in Moorgate, London, on Tuesday 7th June has been revealed.

Keynote speakers are Alasdair Macleod, Head of Research at Goldmoney, and Rebecca Gordon, CEO of CRU Consulting.

Companies presenting include Anglo Asian Mining, Ariana Resources, Clean Tech Lithium, and Pensana PLC.  For full details and to register..[…]  Continue reading

Calidus Resources Process Plant Commissioned

Calidus Resources Limited (ASX: CAI)

Announced its first gold pour from the Carbon in Leach (CIL) Circuit, marking the successful completion of commissioning of the full processing circuit at the Warrawoona Gold Project in WA. A total of 33kg of gold was poured.

The occasion has been celebrated by the commissioning of a 24 carat gold commemorative coin.  […]  Continue reading

Karora Resources Q1 2022 Results Hit by Covid

Karora Resources Inc. (TSX: KRR)

Announced its financial results and review of activities for the three months ended March 31, 2022.

Costs were significantly higher than guidance as a result of covid 19 infections disrupting the mining staff, and some production was routed through toll mining at a higher cost.  […]  Continue reading

Eloro Resources Completes Discounted Bought Deal

Eloro Resources (TSX.V: ELO)

Announced that it has entered into an agreement pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units at a price of C$3.25 per Unit for gross proceeds to the Company of C$5,000,060.

This is around a 25% discount to the prevailing price at the time of announcement.  […]  Continue reading