Mining Review 14th July 2024
A disastrous week for Calidus Resources shareholders as the mine is put into care and maintenance, and all looks lost for investors.
Victoria Gold is holding its own despite having two million tons of leach pad strewn around the bottom of a mountain in the Yukon. Continue reading
Mining Review 7th July 2024
It’s been a bad couple of weeks or so for a few mining companies, with some investment changing news coming out of the blue.
Firstly Red Pine admitted their drill results has been “manipulated” over a number of years by the then COE, then Victoria Gold suffered a catastrophic collapse of it’s heap leach pad in Canada, and then Calidus Resources, a producing gold miner, called in the administarators. Continue reading
Mining Review 23rd June 2024
West Red Lake Gold Mines announced a projected date for their Madsen Mine restart.
Capricorn Metals reduced their hedge book, and Cornish Metals sold off a non-core Canadian asset to bring in some welcome funds. Continue reading
Mining Review 16th June 2024
A mildly positive week for gold and precious metals as the long running saga of when will the US cut rates this year continues, with an immediate cut looking out of the question currently.
New from our watchlist was dominated by G Mining Ventures and West Red Lake Gold Mines, with two news items each, but others stole the show. Continue reading
Mining Review 26th May 2024
Gold Road Resources is the subject of some bid rumour speculation in Australia, with Gruyere JV partner Gold Fields’ name being mentioned amongst others.
Aris Mining now owns 51% of Soto Norte in Colombia, Impact Minerals reported they are financed to complete the Lake Hope pre-feasability study, and West Red lake Gold Mines reported more decent gold intercepts. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Announced today that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain information.
In an email circulated on behalf of the Company, certain disclosure was made regarding mineral reserves. The Company retracts such statements. Continue reading
Mining Review 12th May 2024
Gold Road Resources are diluting their position in De Grey Mining by not fully participating in the De Grey A$600 million financing.
Thesis Gold and West Red Lake reported good news. Red Pine reported very serious news Continue reading
Global Mining Finance Conference – London
The initial line-up of presenting companies has been released for the Spring Conference on Tuesday 21st May 2024, in the City of London.
Presenting include Wheaton Precious Metals, plus three exciting junior mining companies. Continue reading
Mining Review 21st April 2024
Gold Road Resources made the major news this week when they confirmed media speculation that they are negotiating to buy a stake in a Canadian gold mine, and also conformed the resumption of mining at their Gruyere Mine.
Calibre Mining, and West Red Lake Gold reported high-grade gold intercepts. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Announced the arrival of a second underground diamond drill at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
A second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area. Continue reading
Gold Road Resources (ASX: GOR)
Notes media speculation in The Australian regarding the potential acquisition of an interest in the Greenstone Gold Mines in Canada.
Gold Road confirms its participation in a sale process conducted by Orion Resource
Partners (USA) LP for Greenstone Gold Mines. Continue reading
Mining Review 14th April 2024
It was another exciting week for gold, with new all time highs being recorded, before a slight pullback late Friday evening.
The big news of the week was Karora Resources announcing a merger with ASX listed Westgold. Capricorn Metals and Orla Mining reported strong starts to 2024. Continue reading
Calibre Mining (TSX: CXB)
Announced the Company has entered into a key pre-commissioning and commissioning contract with Reliable Controls Corporation of Salt Lake City for the Company’s Valentine Gold Mine (“VGM”) in Newfoundland and Labrador. Continue reading
City Investors Circle – London
We wish all our readers a happy and peaceful Easter.
Mining Review 24th March 2024
Not much to cheer from our watchlist companies this eek, with Calibre Mining announcing a C$100 million discounted placing, Calibre Resources announcing the same as part of a financial restructure, and Gold Road issuing a disappointing production update from Gruyere. Continue reading
PDAC 2024 Day 3
The euphoria from the previous day carried forward as a result of the higher gold price which kept the mood positive on quite a busy third day of the show.
I did notice that many of the green field early stage exloration companies’ booths were quiet, a lot of phone scrolling going on there. Continue reading
PDAC 2024 Day 2
What a difference a day makes in the mining world!
The doom and gloom from yesterday was replaced by optimism as the price of gold soared around $50 to close at $2116. The mood in the show was clearly positive. Continue reading
PDAC 2024 Day 1
A quiet opening day to PDAC 2024, and the whole show lacked the usual excitement and vibrancy in my opinion.
Booth holders were bemoaning the lack of investors attending, and that they were mainly meeting service providers and people seeking opportunities. Continue reading
Cabral Gold (TSX.V: CBR)
Announced assay results from an additional 12 RC holes testing near-surface oxide material at the Machichie Main Zone, Cuiú Cuiú gold district in northern Brazil.
These holes are part of a drill program designed to better define and quantify the saprolite and blanket gold-in-oxide mineralization at the Machichie target, and could have an impact on the current plans for trial-mining oxide material in that area. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
This round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization. Continue reading
