Mining Review 23rd February 2025

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Mining Review 23rd February 2025

Calibre Mining announced record gold production and looked forward to commencing production at their Valentine mine this year.

Westgold issued a drilling update for the Beta Hunt mine in Western Australia.

 

 

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Mining Review Calibre Mining

Calibre Mining  –  The Valentine Mine in Newfoundland nears completion.

 

 

 

 

City Investors Circle Mining Review 23rd February 2025

 

Archives

A positive week for most stocks on our tier 1 watchlist of producers, as the price of gold ended up nearly 2%. Surprisingly, the gold ETFs all fell in a strong week for the gold price.

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Calibre Mining was the subject of some positive mining analyst upgrades after announcing record gold production numbers. The company are about to start mining at their new Valentine mine in Newfoundland, a game changer in terms of production and revenue which will elevate Calibre to mid-tier producer status.
The bad news this week came from American Creek Resources, and it was very predictable. It announced the termination of the agreement by Cunningham Mining of their acquisition funded by a gold “token” arrangement.
I seriously doubted this would ever work, I was told in Zurich last November that it was not going well, with little investor interest or backing, and so it has finally come to pass.
This was an attempt to mix shares and crypto, effectively doing a placing with tokens or coins instead of shares.
At the end of the day it’s was still a financing, and I doubt many traditional mining investors understood it sufficiently to want to participate, preferring the easier to understand route of buying shares and holding in their brokerage accounts.
The reason Cunningham gave was very lame in my opinion, that AMK had not informed them of the application by Seabridge to run a tunnel through the middle of the Treaty Creek deposit. Well I met Tudor Gold at the end of last year, and they told me about it then, so it’s hardly a new story, so quite how Cunningham can state they weren’t informed is beyond me. It looks like an excuse.

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News from our watchlist companies in the is listed below, click on the links to be taken to the full story.

Calibre Mining Announced Record Gold Production

Gold Road Resources – 2024 Full Years Results

American Creek Resources Received a Termination Notice

Westgold Issues Beta Hunt Drilling Update

West Red Lake Gold Mines Madsen Mine Update

Capricorn Metals Published a New Corporate presentation

Mining Review 16th February 2025

 

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Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices Price US$ Weekly % change
Gold price in UK £ £2327 1.53%
Gold 2937 1.87%
Silver 32.54 1.15%
Palladium 993 0.91%
Platinum 984 -1.80%
Rhodium 4675 2.75%
Copper 4.54 -5.02%
Nickel 7.02 2.48%
Zinc 1.33 4.72%
Tin 14.83 4.88%
Cobalt 9.77 -2.30%
Manganese 2.9 0.00%
Lithium 8886 -11.62%
Uranium 65.4 -6.64%
Iron Ore 107.7 0.65%
Coking Coal 187.5 -1.32%
Thermal coal 106.5 -3.18%
 
 
Metal ETFs Price US$ Weekly % change
GLD 270.74 1.67%
GDX 40.8 -0.68%
GDXJ 50.37 -0.61%
Sil 35.48 -2.31%
SILJ 11.03 -3.33%
GOEX  (PCX) 33.61 -0.68%
URA 26.06 -7.03%
COPX  39.27 -5.76%
HUI  320.59 -1.63%
Gold / Silver ratio 90.26 0.65%

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City Investors Circle is based in the financial district in the City of London

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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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Other news releases from companies on our watchlists were

Westgold responded to press speculation

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