Mining Review 5th January 2025
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company.
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City Investors Circle Mining Review 5th January 2025
A week bereft of meaningful news, as it usual in between Xmas and New Year.
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company.
I always doubted whether the plan to acquire the company via the issue of a crypto token would work, and perhaps this is the first sign it hasn’t?
Interestingly the announcement includes dropping the penalty for competing bids, a further suggestion that either someone else is interested or the token issue is not going too well I wonder?
Sprott is backing the crypto token so it may happen, but I have serious doubts. It almost looks to me as if they are hoping a competing bid will come in to save face all around.
I am considering selling my holding now.
Watchlist news snippets from last week are below, click on the link to be taken to the full story.
Perpetua Resources Received the Final Permit for Stribnite
American Creek Resources Announced Amendment to Plan of Arrangement
Market Review for December 2024 published
Capricorn Metals Announced CEO Retirement and Succession
Gold Road Enters a Farm-in Deal With Iceni Gold
Mining Review 29th December 2024
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| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 2128 | -0.71% |
| Gold | 2642 | -0.94% |
| Silver | 28.6 | -3.37% |
| Palladium | 23.5 | -4.48% |
| Platinum | 948.3 | 0.56% |
| Rhodium | 4475 | 0.00% |
| Copper | 3.94 | -2.68% |
| Nickel | 6.81 | -6.34% |
| Zinc | 1.33 | -3.60% |
| Tin | 12.8 | -4.48% |
| Cobalt | 10.91 | 0.00% |
| Manganese | 3 | 0.00% |
| Lithium | 9842 | -1.16% |
| Uranium | 74.4 | -3.66% |
| Iron Ore | 103.6 | -1.05% |
| Coking Coal | 204 | -0.24% |
| Thermal coal | 126.5 | -3.90% |
| Metal ETFs | Price | Weekly % change |
| GLD | 243.83 | -0.90% |
| GDX | 35.03 | -5.24% |
| GDXJ | 44.29 | -5.62% |
| Sil | 32.75 | -8.24% |
| SILJ | 10.33 | -6.92% |
| GOEX (PCX) | 30.45 | -5.75% |
| URA | 28.48 | -4.83% |
| COPX | 38.94 | -4.96% |
| HUI | 284.87 | -5.97% |
| Gold / Silver ratio | 92.38 | -1.93% |
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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
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