Mining Review 3rd August 2025
The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA.
Equinox gold announced new high-grade gold drill results, and a leadership transition.
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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.
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City Investors Circle Mining Review 3rd August 2025
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Mining Review 3rd August 2025 – The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA. The price fell a whopping 23.4% after the news.
Gold move up 2% week on week, and silver fell after a recent strong run, causing the gold silver ration to increase after weeks of falling.
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Equinox Gold announced new high-grade gold drill results, and a leadership transition. The feeling in the market is that this is one to watch over the next year, as providing the price of gold remains high EQX will be able to pay down it’s current debt in large chunks.
Equinox also announced that former Calibre Mining CEO Darren Hall has assumed the role of CEO.
Darren has huge experience in the gold mining sector, with Kirkland Lake Gold and Newmarket Gold, before transforming Calibre from a junior mining company to a mid tier producer before being acquired by Equinox.
Darren looks a safe pair of hands to lead the company forwards from here in my opinion.
Capricorn Metals agreed to purchase the Mongers Lake project contiguous to their Mt. Gibson project as they consolidate the area around Mt. Gibson.
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Market Data
Weekly Price Changes
(US$ unless stated)
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| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 2534 | 1.97% |
| Gold in AUD$ | 5193 | 2.20% |
| Gold | 3364 | 0.78% |
| Silver | 37.09 | -3.16% |
| Palladium | 1205 | -4.29% |
| Platinum | 1315 | -6.61% |
| Rhodium | 7000 | 12.00% |
| Copper | 4.42 | -23.40% |
| Nickel | 6.71 | -2.61% |
| Zinc | 1.22 | -4.69% |
| Tin | 14.08 | -10.38% |
| Cobalt | 15.76 | 4.23% |
| Lithium | 9503 | -3.25% |
| Uranium | 71.5 | -1.11% |
| Iron Ore | 109 | -2.33% |
| Coking Coal | 187 | 5.06% |
| Thermal coal | 117.5 | 3.71% |
| Metal ETFs | Price | Weekly % change |
| GLD | 309.11 | 0.56% |
| GDX | 52.45 | -2.80% |
| GDXJ | 65.03 | -4.11% |
| Sil | 47.58 | -4.94% |
| SILJ | 14.54 | -6.13% |
| GOEX (PCX) | 43.51 | -5.37% |
| URA | 38.22 | -8.63% |
| COPX | 42.75 | -5.46% |
| HUI | 429.38 | -2.97% |
| Gold / Silver ratio | 90.70 | 4.07% |
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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.
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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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