Market Review March 2023
Lithium continues to fall in price despite the increasing coming of the EV age.
Companies featured include Karora Resources, Orla Mining, American Creek, and a few links to noteworthy news from selected companies on our watchlist.
Argosy Minerals (ASX: AGY)
The share price has fallen back sharply, and I was wondering if this is due to the falling price of lithium, or is there another reason?
I have discovered there are some enviromentalists in Argentina causing issues for lithium producers, includig the majors, in Salta and Jujuy provinces. Continue reading
Global Mining Finance Conference
Antofagasta PLC are to Open the Global Mining Finance Conference in London on Thursday the 20th April.
Companies participating now include, Anglo Asian Mining, Ariana Resources, Caracal Gold, East Star Minerals, Great Western Mining, iMEtal, and Rockfire Resources. Continue reading
Cyprium Metals (ASX: CYM)
Provided the following update in relation to its funding requirements and the commencement of a strategic review.
Cyprium has entered into a Secured Loan Deed for $6 million, and is undertaking a full strategic review of all assets. Continue reading
Scotgold (ASX / AIM: SCZ)
Scotgold shares plummeted over 63% today after a disastrous market update, where the company highlighted production problems and a lack of cash.
This comes a month or so after a recent placing, and the obvious question is what did they know before they raised the funds? Investors who paid 40p per share cannot be happy. Continue reading
Mining Review 26th March 2023
The price of lithium continues to crash, and has fallen around 50% from its peak.
Orla Mining and Karora Resources both reported strong financial results last week. Continue reading
Gold Road (ASX: GOR)
Has reached agreement with JV partner SensOre (ASX: S3N) to restructure arrangements surrounding the Yilgarn Exploration Ventures (YEV) portfolio.
SensOre has agreed to acquire Gold Road Resources’ 40% minority interest in YEV for 800,000 SensOre shares. Continue reading
Orla Mining (TSX: OLA)
Announced the results for the fourth quarter and year ended December 31, 2022.
Gold production during the fourth quarter was 32,017 ounces and total gold production for 2022 was 109,596 ounces, achieving high end of the increased annual production guidance range of 100,000 to 110,000 ounces. Continue reading
Karora Resources (TSX: KRR)
Announced unaudited financial and operating results for the Q4 2022 and full-year 2022.
Highlights are a record revenue of $96.8 million, (45% increase from Q4 2021); net earnings growth of 56% to $9.6 million ($0.06 per share); Operating cash flow increased 30% over Q3 to $36.5 million. Continue reading
Global Mining Finance Conference
The next Global Mining Finance Spring Conference is confirmed as being on the 20th April 2023, at the Armourers’ Hall, Moorgate, City of London.
GMF have added new companies to the list and now have a full programme. Continue reading
This has granted the company an opportunity to be a low-cost entrant into the HPA chemical market, which represents a ‘high-margin’ business forecast to grow strongly over the next decade.
i-80 GOLD CORP. (TSX: IAU)
Reported its operating and financial results for the three and twelve months ended December 31, 2022. Continue reading
Mining Review 19th March 2023
US bank run concerns propelled gold higher this week, as investors moved to safety.
American Creek, Colonial Coal, Japan Gold, Newcore Gold, and Rumble Resources all released news this week. Continue reading
Global Mining Finance Conference London
The date of the spring conference has been announced, Wednesday 20th April 2023, commencing at 9.25 am. The venue is the iconic Armourers’ Hall, 81, Coleman St, Moorgate, London.
Sponsored by the TMX Group, the conference features six mining companies and a keynote speaker from the TMX Group, owners of the Toronto Stock Exchange. Continue reading
Japan Gold (TSX.V: JG)
Announced commencement of drilling at the Barrick Alliance Mizobe Project in Southern Kyushu, Japan.
Mizobe is one of six projects selected by Barrick to advance to the second evaluation phase under the Strategic Alliance Agreement. Continue reading
Rumble Resources (ASX: RTR)
CEO Shane Sikora presented a new corporate presentation to the RUI Explorers Conference in Australia recently.
This is an impressive summary of where the company is now, and the potential expansion of their projects to giant status. Continue reading
American Creek (TSX.V: AMK)
JV partner Tudor Gold’s CEO Ken Konkin presents to the Red Cloud Pre-PDAC Conference in Toronto, 2023.
AMK own 20%, so very interesting and relevant to shareholders. Continue reading
Newcore Gold (TSX.V: NCAU)
Announced the results of an updated, independent, Mineral Resource Estimate prepared in accordance with National Instrument 43-101 for the Company’s 100% owned Enchi Gold Project in Ghana. Continue reading
Colonial Coal Intl. (TSX.V: CAD)
Announced that it has retained Adelaide Capital Markets Inc., a leading investor relations and capital markets advisory firm. Continue reading
Mining Review 12th March 2023
The PDAC organisers said it had a “bullish feel to it”, well no change there then, it nearly always does!
Calidus Resources, Karora Resources, Neometals and UEC all reported good news this week. Continue reading
