Mining Review 4th January 2026
Gold and silver are volatile again after the New Year.
Western Gold is about to become the next Australian producing gold miner, with a startup imminent in Q1 2026.
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City Investors Circle Mining Review 4th January 2026
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Mining Review 4th January 2026
Gold and silver are volatile again after the New Year.
Gold is still hovering above $4,300, but silver remains around it’s all-time high price as supply remains tight. The CME has twice raised margin requirements to try and curb speculators, but to no avail thus far.
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Western Gold is about to become the next Australian producing gold miner, with a startup imminent in Q1 2026.
Western Gold are featured in our tier2 Watchlist as a late stage developer, early production company. Arrangements are now almost complete for production startup, and I expect the share price to run closer to the commencement of production.
I hold shares in Western Gold and recently added. I intend to rotate some profits from another company to increase my holding here in the near term to take advantage of any rise in share price that normally occurs as a developer enters production.
News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.
Stocks to Watch in 2026 – Colonial Coal
Stocks to watch in 2026 – Barton Gold
Companies to Watch in 2026 – Heliostar Metals
Companies to Watch in 2026 – Silver Storm
Barton Gold High Resolution Gravity Survey Targets Challenger Repeats
Orla Mining Confirms 2 Km Gold Trend Extension at Musselwhite
Pacgold receive Approval to restart Heap Leach irrigation
Ora Banda Mining Confirms a Significant Extension at Sand King
Great Boulder Resources +1 M Oz High-Grade Gold Resources at Side Well
Pacgold’s St George Defines 14km Gold and Antimony Anomaly
Kaiser Reef Completes Union Hill Waste Dump Drilling
Westgold Sells Mt. Henry to Alicanto Minerals
Westgold to Spin-Out Non-Core Assets to Valiant
Equinox Gold Sale of Brazil Operations, Reduces Debt
| Metal Prices | 40125 | Weekly % change |
| Gold price in UK £ | 3229 | -2.74% |
| Gold in AUD$ | 6600 | -0.75% |
| Gold | 4333 | -3.30% |
| Silver | 72.94 | 1.40% |
| Palladium | 1700 | 0.06% |
| Platinum | 2162 | -3.40% |
| Rhodium | 8300 | 2.15% |
| Copper | 5.69 | 3.27% |
| Nickel | 7.53 | 8.66% |
| Zinc | 1.4 | 0.72% |
| Tin | 19.5 | -1.17% |
| Cobalt | 24 | 0.21% |
| Lithium | 16510 | 13.21% |
| Uranium | 81.4 | 0.49% |
| Iron Ore | 104.4 | 0.00% |
| Coking Coal | 211.5 | -0.24% |
| Thermal coal | 105.5 | -0.47% |
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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.
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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.
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Disclosure
At the time of writing the author holds shares in some of the companies mentioned.
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