City Investors Circle
The Market Review for May 2023 has been published.
It features a metal price update and names the metl up 74% in May alone, yet is stiull showing a large loss for the year to date.
We feature comments on Oral MIning, Karora Resources, and Silver Tiger Metals. Continue reading
Ascot Resources (TSX: AOT)
Announced the Company’s unaudited financial results for Q1 2023, and also provided a construction update on the Company’s Premier Gold Project
As of Q1 2023, detailed engineering stands at 99% complete, major procurement is over 95% complete, and project construction excluding mine development is at 35%. Continue reading
Gold Road Resources (ASX: GOR)
Published an updated corporate presentation for their recent AGM.
Gruyere achieved record performance in 2022, producing 314,647 ounces of gold, with Gold Road’s 50% share of production at an All-in Sustaining Cost (AISC) of A$1,447 per ounce. Continue reading
Mining Review 28th May 2023
Not much significant news this week, Karora Resources reported record production and Wesdome a new discovery, otherwise the week was quiet on the news front.
Gold fell after hawkish interest rate talk by the FED,but the lithuim price soared. Continue reading
Rumble Resources (ASX: RTR)
Matthew Banks, a non-executive director of Rumble Resources, bought north of $155,000 worth of the company’s stock in an on-market transaction. Continue reading
Impact Minerals (ASX: IPT)
Impact Minerals’ MD Dr. Mike Jones, has given a new interview highlighting the prospects for their new, low cost , High Purity Aluminium (HPA) project, Lake Hope.
This has the potential to transform Impact, and be a company maker in it’s own right. Continue reading
Wesdome Gold Mines (TSX: WDO)
Announced surface exploration drilling results from the Shawkey and Dubuisson zones located east of the Kiena Mine at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec. Continue reading
Cyprium Metals (ASX: CYM)
Advised the following appointments to the management of the Company.
Cyprium has, with immediate effect, appointed two experienced industry executives, Clive Donner and Milan Jerkovic, to work with the current management team and board. Barry Cahill has resigned from the board. Continue reading
Lefroy Exploration(ASX: LEX)
Announced details of a significant addition to its growing portfolio of assets in the world-class Goldfields region of Western Australia.
LEX’s wholly owned subsidiaries have entered into an agreement with Franco-Nevada Australia Pty to acquire mineral rights across the Loc45 freehold property, located 35km SE of Kalgoorlie. Continue reading
Karora Resources (TSX: KRR)
Announced financial and operating results for the first quarter of 2023.
Production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022. Continue reading
Mining Review 21st May 2023
Neometals and Calidus Resources published positive updates in a week devoid of news of substance.
Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far. Continue reading
Cornish Metals (TSX-V/ AIM: CUSN)
Provided an update on progress at the South Crofty Tin Project , located in Cornwall, SW England. Continue reading
Maple Gold Mines (TSX.V: MGM)
Provided an update regarding property-wide VMS targeting and plans for a summer field program at the Douay and Joutel Gold Projects located in Québec.
The properties are held by a 50/50 joint venture between the Company and Agnico Eagle Mines. Continue reading
Goldshore Resources (TSX.V: GSHR)
Has selected Ausenco Engineering Canada Inc. as its lead engineering firm to conduct the preliminary economic assessment (PEA) at the Moss gold project in Northwestern Ontario, Canada. Continue reading
Calidus Resources (ASX: CAI)
Has published an updated corporate update for a recent mining conference in Australia.
Calidus is recovering from early production teething problems at ther Warrawoona mine in Western Australia. Continue reading
TSX Venture Exchange New Mining listings
Six new companies have listed on the Toronto Venture Exchange in the last few weeks, Kobo Resources, Mink Ventures Corp., NOA Lithium Brines, Bulgold, Abasca Resources Inc., and Bocana Resources Corp. Continue reading
Neometals Ltd (ASX / AIM: NMT)
Announced the completion of an update to its Association for the Advancement of Cost Engineering (“AACE”) Class 4 (+/- 25%) PFS for the production of DSO and MGC from its 100% owned Barrambie Titanium Project (“Barrambie”). Continue reading
Mining Review 14th May 2023
Karora Resources is following ASX listed Calidus Resources by proposing an unlocking of its lithium assets, to create a newco to list on the ASX in due course.
Gold is still oscillating around the $2,000 level. Lithium was up 16% week on week, is this the start of its price recovery? Continue reading
Orla Mining (TSX: OLA)
Announced the results for the first quarter ended March 31, 2023 as well as the partial exercise by Agnico Eagle Mines of its top-up right.
During the first quarter, gold production was 25,910 ounces and gold sold was 26,859 ounces. Continue reading
Siren Gold Limited (ASX: SNG)
Announced a JORC (2012) Mineral Resource Estimate (MRE) for the Supreme Gold Project in Reefton, New Zealand.
Mineral Resource Estimate (MRE) at Siren’s Supreme prospect of 103koz at 2.7g/t Au at a 1.5g/t cut-off. Continue reading
