Swiss Mining Conference Day 2

The second and last day of the conference was overshadowed by the news that gold had dropped sharply overnight, and silver was down 10%. Not the greatest news to greet a room full of mostly gold and silver mining companies.

I focused on new companies today and had a couple of nice surprises amongst my eight meetings.

 

 

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Swiss Mining Conference Day 2

The second and last day of the conference was overshadowed by the news that gold had dropped sharply overnight, and silver was down 10%. Not the greatest news to greet a room full of mostly gold and silver companies.

I focused on new companies today and had a couple of nice surprises amongst my eight meetings.

I met Awale Resources first, an exploration company in the Ivory Coast, with a free carry from Newmont on the xurrent exploration campaign. All is going well but the resources may not be large enough to interest Newmont beyond the exploration phase, and Awale may well regain 100% control of the project in due course.

I had a first meeting with Erdene Resource Development, a producing gold miner based in Mongolia, with a string of copper – gold – moly projects in a prolific area. The idea is to use the revenues from gold production to fund the exploration of the larger copper moly projects, just the sort of story I like.

Aftermath Silver are a company I have followed for a while but they are too far from production for me to have an immediate interest.

Aftermath are a silver – copper- manganese story, and a PFS is due Q1 2027. Manganese is a critical metals as defined by the USA, so should gain the company some traction when further along the line to development and production.

My next meeting was a nice surprise, St. George Mining, with a Niobium project , Araxa, in a prolific niobium area in Brazil, where 80% of the current world supply comes from. There are only two other sources of the metal in the world, each producing around 10% of world supply.

This is a critical metal for strengthening steel, making it lighter, and giving it temperature resistant qualities. Clearly it has military uses.

St. George are in the process of installing a pilot plant in  a local university to test the process and product quality, and create a techical hub for the benefit of the company and the university.

Capex is projected to be around US $100 million, and If things go well ,production could commence in Q4 2028.

I’ve put this on my personal watchlist and will add it to the website Tier 4 watchlist for early exploration stocks.

I also met Montage Gold, constructing the Kone Gold Mine in the Ivory Coast, which is around 50% complete. Quite a high market cap currently but if it falls with the lower gold price it may present an opportunity before production starts.

Last but not least was Borealis Mining, a company that has just commenced production at the Borealis Gold mine in Nevada. Production is slated to be around 15,000 – 20,000 ounces of gold in 2026.

Market cap is around C$182 million, which looks low for a company commencing production in Nevada.

 

 

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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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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Disclosure

At the time of writing the author may hold  shares in some of the companies mentioned.

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