Market Review June 2026 published

The highlighted company is Errington Metals.

The main news concerned G2 Goldfields’ shareholders approving the combination with G Mining Ventures and the spinout of newco G3.

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City Investors Circle Market Review June 2026

The highlighted company is Errington Metals.

lisker Resources, Canadian company focused on the Bralorne Gold Proejct, a district-scale gold belt in British Columbia.

The company have started the Mustang Mine on a low capex model, and is using ore sorting and producing its first gold and trucking for toll-milling or off-take shipping. The company is now targeting its Olymous Mine at its second mine.

Talisker have a structured plan to raise production over a number of steps in the next five years.

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The main news concerned G2 Goldfields‘ shareholders approving the combination with G Mining Ventures and the spinout of newco G3.

This creates a major gold producer in the Oko region of Guyana, and gives G3 shareholders  the exploration licences of G2 in a prolific gold region. This is a fantastic opportunity to create further shareholder valua in the longe term.

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Other significant news in the Review included,

 Equinox Gold Secures Land Access Agreements at Los Filos Mine

This is huge news for Equinox Gold, as Los Filos in one of the world’s largest gold mines, and this agreement allows for the restart of the mine and further exploration of this prolific area.

To read the June 2026 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

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Archive of June’s news releases is listed below, click the relevant link to be taken to the full story.

  Ramelius Sell Edna May to Forrestania for $300 million

  Mining Review 28th June 2026

  Equinox Gold Secures Land Access Agreements at Los Filos Mine

  Minerals 260 Bullabulling resource update on track as drilling extends mineralisation at depth

  Benz Defines Maiden Gold Exploration Target at Glenburgh

  New Murchison Gold Updated MRE for Garden Gully

  Cabral Gold Drills a Significant New Mineralized Zone

  Altair Announce Appointment of Specialist Advisor – Dr Sonia Scarselli

  Mining Review 21st June 2026

  Benz Confirms Free Milling Gold with High Recoveries at Icon

  Heliostar to Expand La Colorada with Strong Drill Results and Permits

  Silver Storm Receives La Parrilla Surface Drilling Permits

  G2 Goldfields Shareholders Approve Transaction With G Mining Ventures

  Barton Gold to Expand Tunkillia Phase 2 Upgrade Drilling

  Minerals 260 Commences Early Construction and Development Activities at Bullabulling

  Mining Review 14th June 2026

  Initiating Coverage of Errington Metals

  Silver Storm Celebrates First Silver Pour at La Parilla

  Lahontan Drills 91m At 0.43 g/t Au And Discovers a New Gold Zone

  Minerals 260 Continues To Grow Its Resource

  Omai Gold Drills 8.54g/t Au over 20.6m at Northeast Wenot

  Fuerte Metals Announces Name Change To Talamore Mining Corp.

  Mining Review 7th June 2026

  Orla Mining Blockade Dispute Over, workers Return

  Caprice Resources – High-Grade Gold Growth at The Island Gold Project

  Pacgold to Demerge Its Queensland Assets

  Ora Banda DRIVE to 300 aspiration To Double Production

  Orla’s Share Price Falls as Mine Blockaded in Worker Dispute

  Market Review May 2026

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

.

=======

,

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.

.

Disclosure

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

.

Ramelius Resources (ASX: RMS)

Advised that it has entered into a binding agreement with Forrestania Resources Limited (ASX: FRS) for the sale of the Edna May Gold Hub, including processing infrastructure and regional satellite tenements, for total consideration of $300 million in upfront cash and Forrestania shares.

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.

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Ramelius Sell Edna May to Forrestania for $300 million

Ramelius Resources Limited (ASX: RMS) (“Ramelius” or the “Company”) is pleased to advise that it has entered into a binding agreement with Forrestania Resources Limited (ASX: FRS) (“Forrestania”) for the sale of the Edna May Gold Hub, including processing infrastructure and regional satellite tenements (“Edna May”), for total consideration of $300 million in upfront cash and Forrestania shares (“Transaction”).

The Transaction is consistent with Ramelius’ disciplined approach to portfolio optimisation and capital allocation, realising significant value for Edna May while retaining exposure to potential upside.

Transaction details

Under the Share and Asset Purchase Agreement (“SAPA”), Ramelius has agreed to sell Edna May to Forrestania for $3002 million total consideration comprising a mix of $200 million in upfront cash and $100m in Forrestania shares. The shares will be subject to 18 months escrow, and a further six months orderly sale commitment, subject to customary exceptions.

A deposit of $20 million is payable to Ramelius, with the balance of cash and shares payable upon completion.

Completion remains subject to satisfaction or waiver of customary conditions precedent for a transaction of this nature. These include:
• Forrestania announcing receipt of at least $200 million in binding commitments under
its proposed equity raising;
• Forrestania shareholder approval for the issuance of shares under the SAPA and the
equity raising in accordance with ASX Listing Rule 7.1; and
• customary third-party consents and approvals.

Subject to the satisfaction of these conditions, completion is expected to occur in the September 2026 Quarter.

Ramelius will provide further updates regarding the Transaction as appropriate.

Following completion, Ramelius is expected to become a substantial shareholder in Forrestania.

Ramelius’ equity interest will provide continued exposure to Edna May, along with potential future value created by Forrestania through a re-start of the processing plant and ongoing consolidation of the region.

Ramelius acquired Edna May from Evolution Mining Limited in 2017. Under its ownership, the operation produced 760koz3 between 2018 and 2025, delivering significant cash flow.

With Edna May now on care and maintenance, the Transaction provides Ramelius with an opportunity to crystallise value from a non-core asset and further focus resources on its core business.

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Mining Review 28th June 2026

Equinox Gold celeberated finally receiving land access rights from all groups at their Los Filos gold mine in Mexico.

Minerals 260 commenced early stage construction at its Bullabulling gold mine.

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City Investors Circle Mining Review 28th June 2026

Mining Review 28th June 2026

Equinox Gold celeberated finally receiving land access rights from all groups at their Los Filos gold mine in Mexico.

Minerals 260 commenced early stage construction at its Bullabulling gold mine.

+++++++

.

Full access to this week’s stories can be found by clicking the links below,

 Equinox Gold Secured Land Access Agreements at Los Filos Mine

  Minerals 260 Bullabulling resource update on track as drilling extends       mineralisation at depth

  Benz Mining Defined Maiden Gold Exploration Target at Glenburgh

  Cabral Gold Drilled a Significant New Mineralized Zone

  Altair Announced the  Appointment of Specialist Advisor – Dr Sonia Scarselli

  Benz  Mining Confirmed Free Milling Gold with High Recoveries at Icon

  Mining Review 21st June 2026

Equinox Gold (TSX: EQX, NYSE: EQX)

Announced that it has signed 20-year land access agreements with all three communities that host its Los Filos Mine in Guerrero, Mexico.

With these agreements in place, the Company has initiated activities to support the gradual restart of heap leach operations and is advancing technical studies to evaluate potential expansion opportunities.

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Los Filos gold project, Mexico – Courtesy of Equinox Gold

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New Murchison Gold (ASX: NMG)

Announced a significant, JORC-compliant update to the Mineral Resource Estimate at its Garden Gully Gold Project, located near Meekatharra, Western Australia.

The global Garden Gully Gold Project MRE has increased by 47%, expanding to a total remaining resource of 4.42 Mt at 2.5 g/t Au for 359,000 ounces of contained gold.

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New Murchison Gold vista – Credits New Murchison Gold

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New Murchison Gold Updated MRE for Garden Gully gold project

New Murchison Gold Limited (ASX: NMG) (“NMG” or “the Company”) is pleased to announce a significant, JORC-compliant update to the Mineral Resource Estimate (MRE) at its flagship Garden Gully Gold Project, located near Meekatharra, Western Australia.

HIGHLIGHTS

• The global Garden Gully Gold Project Mineral Resource Estimate (MRE) has increased by 47%, expanding to a total remaining resource of 4.42 Mt at 2.5 g/t Au for 359,000 ounces of contained gold.
• This represents a 29% increase over the November 2024 estimate, or a 47% total increase when including full, reconciled production mining up to April 1, 2026.
• Combined Measured and Indicated categories account for 71% of the global project ounces, ensuring excellent local grade predictability for near-term mine planning.

o Open Pit (OP) Measured Resource component of 39 koz at 3.83 g/t Au, providing immediate, low-risk mill feed.
o MRE beyond optimised pit shell estimated as Underground (UG) component at 1.2% g/t Au cut-off.
• Cloudkicker adds 31 koz to global inventory with 80% classified as indicated (yielding 25koz at 2.3 g/t Au).
• Lydia (Maiden MRE) 55koz at 1.78 g/t Au.
• Abbotts (Maiden MRE) 44koz at 1.75 g/t Au.
• The Cloudkicker and Lydia deposits are located within 800 m of the active Crown Prince hub. This immediate proximity allows both satellite assets to directly leverage existing haul roads, established site facilities, and current operational personnel—enabling rapid, low-capital development with zero infrastructure drag.

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To read the full news release please click HERE

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..

To View New Murchison Gold’s latest share price and chart, please click here

.To View New Murchison Gold’s historical news, please click here

The live gold price can be found HERE

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

.

=======

,

This website is not sponsored, we are 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.

.

Disclosure

At the time of writing the author holds shares in New Murchison Gold.

.

Mining Review 21st June 2026

Another week dominated by the US war on Iran, and then the FED’s announcement unsettled the market just as the price of commodities and mining stocks were recovering.

G2 Goldfields’ shareholders approved the acquisition by G Mining Ventures at a SGM.

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City Investors Circle Mining Review 21st June 2026

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Mining Review 21st June 2026 – Another week dominated by the US war on Iran, and then the FED’s announcement unsettled the market just as the price of commodities and mining stocks were recovering.

G2 Goldfields’ shareholders approved the acquisition by G Mining Ventures at a SGM.

Minerals 260 announced early construction and development activities at Bullabulling gold mine in Western Australia.

Full access to this week’s stories can be found by clicking the links below,

Archives

Benz Mining Corp (ASX: BNZ)

Reported highly encouraging initial cyanidation test work results from the Icon camp at the Glenburgh Gold Project in Western Australia.

Benz’s initial test results confirm that the gold at Icon is free milling with high recovery rates and low reagent consumption across all grade profiles tested.

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Benz Confirms Free Milling Gold with High Recoveries at Icon

Benz Mining Corp (ASX: BNZ) (“Benz” or the “Company”) is pleased to report highly encouraging initial cyanidation test work results from the Icon camp at the Glenburgh Gold Project in Western Australia.

Benz’s initial test results confirm that the gold at Icon is free milling with high recovery rates and low reagent consumption across all grade profiles tested.

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HIGHLIGHTS:

▪ ~95.5% gold extraction within 24 hours from composite samples representative of the
higher-grade core of the Icon deposit, confirming excellent conventional leach
performance with rapid leach kinetics, low final residues and low cyanide and lime
consumption.
▪ Consistently strong extraction across the Icon grade range tested, with high gold
extraction maintained from higher-grade core material through to the broader
mineralised halo, including material grading down to approximately 0.10 g/t gold.
▪ Icon mineralised halo represents an exciting incremental recoverable gold opportunity,
with material grading from 0.1- 0.3g/t gold leaching strongly and returning gold extraction up to 93.3%. Strong recovery at these grades is an important differentiator for Glenburgh.
▪ Important operational upside for future open-pit studies: low grade halo (0.1-0.3 g/t gold) has the potential to become mill feed rather than waste, with potential to substantially reduce any future strip ratios.

▪ Glenburgh drilling ramp-up and pre-development programs underway: Benz is ramping up to 12 RC shifts across Hurricane, Icon and Thunderbolt Camps, alongside advancing metallurgical, geotechnical and orebody knowledge programs, reflecting increasing confidence in Glenburgh emerging as a large-scale multi-million-ounce gold system.

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Benz CEO, Mark Lynch-Staunton, commented:

“These are exactly the kind of metallurgical results we want to see from a large, open-pittable gold system.

 

“The higher-grade Icon core has delivered excellent gold extraction of approximately 95.5% within 24 hours, but the real significance is that strong extraction levels are maintained well beyond the high grade core and into the broader mineralised halo.

“The notably consistent extraction response across the tested grade range is an important differentiator for Glenburgh. Material grading down to approximately 0.10 g/t Au leachedb strongly to very low final residues, highlighting an exciting incremental recoverable gold opportunity around the higher-grade zones.

 

“In a future open-pit scenario, material inside the pit shell has to be mined.

 

“The question is whether that material is waste, dilution or recoverable gold. These initial results show that the broader Icon mineralised halo has the potential to contribute recoverable gold, supporting favourable future open-pit mining metrics at Glenburgh.

 

“This is still early-stage metallurgical work, but it strongly supports our view that Icon is a clean leaching gold system with the scale, geometry and metallurgical characteristics required to become a major part of the Glenburgh growth story.”

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To read the full news release please click HERE

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The live Benz Mining share price and chart can be found HERE 

The live gold price can be found HERE

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

.

=======

,

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.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.

Mining Review 14th June 2026

Silver Storm Mining announced the first silver pour at its restarted La Parilla silver mine in Mexico.

The price of gold and other metals continued to fluctuate on the narrative of the Iranian and US governments.

City Investors Circle Mining Review 14th June 2026

Mining Review 14th June 2026 – Silver Storm Mining announced the first silver pour at its restarted La Parilla silver mine in Mexico.

Omai Gold continued to declare high-grade gold assays, and must surely be a strong contender for a bid sooner rather than later as it continues to stack up its mineral resource?

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The price of gold and other metals continued to fluctuate on the narrative of the Iranian and US governments.

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News from our watchlist companies is listed below, please click the link to  read the full story.

  Silver Storm Celebrates First Silver Pour at La Parilla

  Lahontan Drills 91m At 0.43 g/t Au And Discovers a New Gold Zone

  Minerals 260 Continues To Grow Its Resource

  Omai Gold Drills 8.54g/t Au over 20.6m at Northeast Wenot

  Fuerte Metals Announces Name Change To Talamore Mining Corp.

  Mining Review 7th June 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

Errington Metals (TSX.V EM)

Errington is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have skin in the game, and previous experience of delivering shareholder value.

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City Investors Circle Initiating Coverage of Errington Metals

Errington Metals (TSX.V: EM) is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have decent skin in the game, and previous experience of delivering shareholder value.

Highlights

Unlocking High-Grade Critical Metals in the Sudbury Basin
 

Errington Metals is redefining the exploration landscape in Canada’s most prolific mining district.

Sudbury is globally renowned for copper-nickel-PGE deposits, but its massive, high-grade VMS potential has remained largely ignored, and hence underexplored..

Backed by a technically seasoned management team, board and advisors with exceptional track records of building companies, Errington is aggressively advancing its flagship Sudbury Basin Project to deliver superior long-term value for our shareholders and source metals for the global green transition.

The asset has over twice the grade of Foran, and superior infrastructure and location.

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Management

David Harquail is ex Franco Nevada, and Dan Myersen has just sold Foran for C$3.5 billion. 

Management own over 22% of the company.

This week the company released good drill results, and a new capmpaign is planned to try and reach an asset of 20 million tons at around 4% copper equivalent.

I am planning to make an initial investment before the new round of drill results are announced.

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Live metal prices can be found HERE

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

.

=======

,

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.

.

Disclosure

At the time of writing the author holds no shares in Errington Metals.

.

.

.

2026 Key Catalyst

We are currently executing an aggressive 45,000-metre drill program specifically designed to support our initial mineral resource estimate and test high-priority regional targets.

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Fuerte Metals (TSX.V: FMT)

Announced that it has changed its name to “Talamore Mining Corp.”  and trading symbol to “TALA”.

The board of directors of the Company passed a resolution on April 27, 2026, approving the Name Change in accordance with the articles of the Company.

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Map courtesy of Fuerte Metals Corp.

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Fuerte Announces Name Change To Talamore Mining Corp. and Provides AGM Results

Mining Review 7th June 2026

Orla Mining and Equinox Gold fell on news of a blockade at Orla’s Camino Rojo mine in Mexico. The blockade has now been lifted and work resumed.

The American war on Iran continues to create volatility in the market.

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City Investors Circle Mining Review 7th June 2026

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Orla Mining and Equinox Gold fell on news of a blockade at Orla’s Camino Rojo mine in Mexico. The blockade has now been lifted and work resumed.

This seems to be the result of a long running dispte between Orla and a union at the mine, which has also involved a court case over representation at the mine between two unions.

One hopes the issue will be resolved quickly as it’s now damaging both companies share prices before the business combination.

Pacgold has announced it is to demerge its Queensland assets, including the prospective Alice River gold project, into a new company, Manda.

The company will then focus on the White Dam gold project, where small scale production of around 500 – 600 ounces per month has started, and this will fund exploration to try and extand the resource and life of mine.

Pacgold shareholders will benefit form an in-specie distribution of 1 for 6 shares in Manda.

It would appear however that this benefit is reserved for Australia and New Zealand based shareholders, but not those in the rest of the world. I have asked the company to confirm this, but have not received a reply so far, which augurs badly, in my opinion.

I am going to sell my holding if UK shareholders are excluded from the in-specie distribution on the principle that we are being disadvantaged to the benefit of local shareholders.

Surely ALL shareholders should be treated equally?

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The American war on Iran continues to create volatility in the market, with gold moving further downwards during the constant positive and negative announcements being made by Trump and Iran.

Every sign of peace results in a higher gold price and oil falls, then another announcement reverses everything. This is a real nonsense, a US President should not be behaving like this in my opinion.

Where is the UN?

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  Orla Mining Blockade Dispute Over, workers Return

  Caprice Resources – High-Grade Gold Growth at The Island Gold Project

  Pacgold to Demerge Its Queensland Assets

  Ora Banda DRIVE to 300 aspiration To Double Production

  Orla Mining’s share Price Falls as Mine Blockaded in Worker Dispute

  Market Review May 2026

Orla Mining (TSX: OLA)

Reported that the illegal blockade has ended and operations have resumed at its Camino Rojo Mine in Zacatecas, Mexico.

Dialogue continues onsite between management, employees, and the union including the resumption of bonus negotiations.

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Camino Rojo panoramic view, Zacatecas, Mexico – Courtesy of Orla Mining

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Orla Mining  (TSX: OLA)

Reported that an illegal work stoppage and blockade by its unionized workers is underway at the Camino Rojo Mine located in Zacatecas, Mexico.

As a result, operations at the mine have been temporarily halted.

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Orla Mining Reports Illegal Work Stoppage and Blockade at Camino Rojo

Market Review May 2026

The highlighted company is Talisker Resources.

The main news concerns the combination of Equinox Gold and Orla Mining.

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City Investors Circle Market Review May 2026

Market Review May 2026

The highlighted company is Talisker Resources, Canadian company focused on the Bralorne Gold Proejct, a district-scale gold belt in British Columbia.

The company have started the Mustang Mine on a low capex model, and is using ore sorting and producing its first gold and trucking for toll-milling or off-take shipping. The company is now targeting its Olymous Mine at its second mine.

Talisker have a structured plan to raise production over a number of steps in the next five years.

+++++++

The main news in May amongst our watchlist companies concerned the combination of Equinox Gold and Orla Mining.

This transaction will create a major Canadian gold mining company, with production of around 1.1 million ounces of gold per annum, with the potential to increase production to around 1.9 million ounces.

The new company, which will be called Equinox Gold, will have mines in Nicaragua, Mexico, the USA, and Canada.  Economies of scale should reduce costs.

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Other significant news in the Review included,

G Mining Ventures (TSX: GMIN) reported superb Q1 2026 results.

Mogotes Metals ( TSX: MOG) announced a major gold discovery at Filo Sur, Argentina.

To read the May 2026 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

.

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Archive of May’s news releases is listed below, click the relevant link to be taken to the full story.

  Pacgold Recommences Vertigo Drilling At White Dam

  Cabral Gold Results of Infill Drilling at the MG Gold deposit

  Barton Gold’s High-Grade Assays Indicate Growth for Tunkillia’s Area 51

  Lefroy $3.6 Million Placement For Mt Martin Gold Deposit

  G2 Goldfields Announces Filing and Mailing of Meeting Materials

  Meeka Metals Commences Ore Development at Judy North

  The Big Guns Take Over at Challenger Gold

  Mining Review 24th May 2026

  Mogotes Metals Announce Major Gold Discovery

  Barton Gold Increases Challenger Mineralisation

  Altiair Reports High-grade Gold Samples at Soko

  Kaiser Reef Union Hill Decline Refurbishment Underway

  Westgold Divested Peak Hill to Great Boulder for $58.3m

  G Mining Ventures Reports First Quarter 2026 Results

  Mining Review 17th May 2026

  Catalyst Confirms Potential for Growth at Old Highway

  Ora Banda Mining Appoints John Richards as Chairman Elect

  Cabral Gold Drills 10.2m @ 8.7 g/t gold at Jerimum Cima

  Equinox Gold and Orla Mining Combine to Become a Major Gold Producer

  121 Mining Conference London Day 2

  121 Mining Conference London Day 1

  Mining Review 10th May 2026

  Catalyst Extends Gold Mineralisation at Trident

  Silver Storm Mobilizes Underground Mine Development Contractors at La Parrilla

  G Mining on Track and on Budget for Oko West Construction

  Barton Gold’s Tolmer Yields >100,000 g/t Silver Trial Gravity Concentrate

  G2 Goldfields Extends High-Grade OKO Resource, Intercepts 84.5m @ 3.0 g/t Au

  Mogotes Metals Drilling Finds Large-Scale, Shallow Gold-Copper System

  Mining Review 3rd May 2026

  Kaiser Reef Doubles Shifts at Maldon

  Market Review April 2026 published

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

.

=======

,

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.

.

Disclosure

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

.

Mining Review 24th May 2026

A poor week for mining company stocks, with most slipping further down following a few poor weeks, after the precious metal price fell back following the US / Israel’s attack on Iran.

Precious metals traded mostly sideways during the week.

.

.

City Investors Circle Mining Review 24th May 2026

Mining Review 24th May 2026 – A poor week for mining company stocks, with most slipping further down following a few poor weeks, after the precious metal price fell back following the US / Israel’s attack on Iran.

Precious metals traded mostly sideways during the week, but that failed to stem the losses of the mining stocks.

+++++++

A good example is G Mining Ventures is now off around 25% from the high, despite everything being on track for the new Oko West gold mine in Guyana in around a year or so.

The company released strong results this week but the share price continued to decline.

Mogotes Meals announced a major discovery in Southern Argentina at its Filo Sur project.

Altair Minerals and Barton Gold both announced good gold discoveries at their respective projects in Guyana and South Australia.

  Mogotes Metals Announced a Major Gold Discovery

  Barton Gold Increased the Challenger Mineralisation

  Altiair Reported High-grade Gold Samples at Soko

  Kaiser Reef Union Hill Decline Refurbishment Underway

  Westgold Divested Peak Hill to Great Boulder for A$58.3m

  G Mining Ventures Reported First Quarter 2026 Results

  Mining Review 17th May 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

Kaiser Reef Limited (ASX: KAU)

Announced that refurbishment of the Union Hill decline is underway and to provide a general exploration update for the Maldon Gold Project.

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Maldon Gold Mine – Credits Kaiser Reef Ltd.

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UNION HILL DECLINE REFURBISHMENT UNDERWAY – MALDON GOLD PROJECT – EXPLORATION UPDATE

Kaiser Reef Limited (ASX: KAU) (Kaiser or the Company), a profitable, multi-asset Australian gold producer with operations in Tasmania and Victoria, is pleased to announce that refurbishment of the Union Hill decline is underway and to provide a general exploration update for the Maldon Gold Project.

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HIGHLIGHTS – UNION HILL GOLD MINE

Decline refurbishment underway
Fully permitted gold mine in the heart of Victoria’s Golden Triangle
New drill platform to be established 250m down decline, targeting untested sections of
the Eaglehawk and Ladies Reefs
Drilling scheduled to commence next quarter, in line with the published Strategic Plan
for the Maldon Gold Project

NEW GOLD TARGET CONFIRMED AT PORCUPINE FLAT – “QUILL”
New Gold Target generated from Tailings Storage Facility (TSF) sterilisation drilling
1m samples confirm mineralisation in in-situ material
8m @ 4.16g/t Au from 10m in TSAC_021 (updated interval)
Including 2m @ 9.90g/t Au from 11m
Resistivity survey has outlined a target below reported mineralisation
Follow-up drilling planned

MALDON NORTH SOIL SURVEY – MULTIPLE ANOMALIES IDENTIFIED

Phase one results returned across 2.7km² of tenure with no prior surface sampling data
Includes 850m NNW trend to the west of the Cumberland Line
Extends anomalism to the full 4.4km strike on MIN5146
Phase two infill sampling, at 40m x 40m, underway

NUGGETTY SOUTH – DRILLING PERMITTED AND SCHEDULED
Nuggetty Reef has produced an estimated 301koz at approximately 187g/t Au 6
170m of untested strike between known mineralisation along a newly interpreted shallow plunge
Historical drilling results of 3.4m @ 34.0g/t Au and 4.3m @ 11.2g/t Au along plunge
Permitting now complete, and diamond drill contractor appointed
Drilling scheduled to commence late June

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Kaiser’s Managing Director, Brad Valiukas, commented:

 

“Kaiser is a profitable gold miner with a robust balance sheet and a strong pipeline of exploration and development opportunities.

 

“We are well-positioned to both capitalise on a strong gold price and add significant further value to our assets with targete d investment.

 

“It’s exciting to be back working underground at Maldon, and it’s another milestone for Kaiser Reef.

 

“The Union Hill underground, with its existing footprint and positioning between and parallel to multiple lines of lode, is a key asset that will let us advance Maldon, both for
exploration and production.

 

“Maldon represents a district-scale gold opportunity for Kaiser, with numerous historical mines and lines of working that remain substantially underexplored, despite having historically produced an enviable 1.75moz at 28g/t.

 

“We are committed to generating the most value from
the entire project and we are undertaking a comprehensive works program, aiming to unlock the district after decades of exploration neglect.

 

“Kaiser is in a great position to both continue growing the business organically, such as this work in Maldon, and strengthen the balance sheet to take advantage of inorganic
opportunities.”

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To read the full news release please click HERE

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To View Kaiser Reef’s current share price and chart, please click HERE

To View Kaiser Reef’s historical news, please click here

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

.

=======

,

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.

.

Disclosure

At the time of writing the author holds shares in Kaiser Reef. 

.

To read our full terms and conditions, please click HERE

Westgold Resources (ASX | TSX: WGX )
Announced it has entered into a binding Asset and Sale Agreement and Royalty Agreement with Great Boulder Resources Limited (ASX: GBR) for the divestment of the Peak Hill Gold Projec, located near Fortnum in Western Australia.

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Beta Hunt Mine at night – Credits Westgold

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Westgold Divested Peak Hill for $58.3M and a 1.0% NSR Royalty to GReat Boulder Resources

Perth, Western Australia, 4 May 2026: Westgold Resources Limited (ASX | TSX: WGX 
Westgold or the Company) is pleased to announce it has entered into a binding Asset and Sale Agreement (ASA) and Royalty Agreement with Great Boulder Resources Limited (ASX: GBR) (Great Boulder) for the divestment of the Peak Hill Gold Project (Peak Hill), located near Fortnum in Western Australia (Transaction).

The total consideration payable or deliverable under the ASA for the Transaction s $58.3M plus a 1.0% NSR royalty over future production from Peak Hill.

The Transaction is a continuation of Westgold’s portfolio optimisation strategy which has now unlocked shareholder value totalling $208M with further upside potential via $30M in deferred consideration relating to the Mt Henry-Selene divestment and the 1.0% NSR royalty over future production from Peak Hill.

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Highlights

Westgold has executed a binding Asset Sale Agreement and Royalty Agreement with
Great Boulder Resources Limited (ASX: GBR) to divest the Peak Hill Gold Project – for
total consideration of $58.3M plus a 1.0% NSR royalty.

Consideration comprises $25.0M in cash, $33.3M in GBR scrip (representing 19.9%
interest post-completion) and a 1.0% Net Smelter Return (NSR) royalty – payable on all
future production from Peak Hill.

Westgold has entered into an Ore Purchase Agreement (OPA) with Great Boulder – under which and subject to completion of the transaction, ore from Peak Hill may be processed at Westgold’s Murchison processing hubs.

Westgold and Great Boulder have also entered into a non-binding Strategic
Collaboration Agreement (SCA) – to evaluate options that could fast track Great Boulder’s Side Well Gold Project.

The transaction is consistent with Westgold’s strategy – to optimise our portfolio – and
focus on expanding our larger, core operating mines and processing hubs.

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Westgold Managing Director and CEO Wayne Bramwell commented:

 

“Peak Hill is a non-core asset for Westgold, and Great Boulder is a logical acquirer given its regional focus in the Murchison.

 

“Subject to completion, the Transaction delivers upfront cash, equity exposure and a 1.0% NSR royalty, and establishes a framework to process Peak Hill ore through Westgold’s Murchison hubs.

 

“The collaboration agreement also provides potential optionality for Great Boulder’s Side Well ore.

 

“Peak Hill is not in our 5-year plan, and this divestment supports our focus on larger, core mines and processing hubs. This financial year, our optimisation program has delivered $208M in immediate value.”

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To read the full news release please click HERE

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.

To view the latest share price and stock chart, please click HERE

.To View Westgold’s historical news, please click here

The live gold price can be found HERE

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

.

=======

,

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.

.

Disclosure

At the time of writing the author holds shares in Westgold.

.

G Mining Ventures (TSX: GMIN)

Reported its financial and operating results for the first quarter of 2026. 

The company “delivered a solid start to 2026, achieving record operating margins while production and costs at TZ tracked well to plan.”

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Tocantinzinho Gold Mine – Courtesy of G Mining Ventures

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Mining Review 17th May 2026

The big news this week was the acquisition of Orla Mining by Equinox Gold, forming the second largest gold mining company in Canada.

London’s first mining conference of 2026 took place, 121 at Hounsditch. Attendance by companies and investors looked lower than in previous years.

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Mining Review 17th May 2026

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Mining Review 17th May 2026

The big news this week was the acquisition of Orla Mining by Equinox Gold, forming the second largest gold mining company in Canada.

London’s first mining conference of 2026 took place, 121 at Hounsditch. Attendance by companies and investors looked lower than in previous years, despite the recent boost in commodity prices nor the mining companies.

  Catalyst Confirmed the Potential for Growth at Old Highway

  Ora Banda Mining Appointed John Richards as Chairman Elect

  Cabral Gold Drilled 10.2m @ 8.7 g/t gold at Jerimum Cima

  Equinox Gold and Orla Mining to Combine to Become a Major Gold Producer

  121 Mining Conference London Day 2

  121 Mining Conference London Day 1

  Mining Review 10th May 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

Mining Review 10th May 2026

Mogotes Metals and Barton Gold released impressive drill results this week.

G Mining Ventures confirmed its Oko West construction is running on time and on budget in Guyana.

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City Investors Circle Mining Review 10th May 2026

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Mogotes Metals and Barton Gold released impressive drill results this week.

G Mining Ventures confirmed its Oko West construction is running on time and on budget in Guyana.

Catalyst Metals reported infill drilling results around the ende of its current resource.

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Significant news from our watchlist companies for the last week is listed below, please click on the link to be taken to the full story.

 Catalyst Metals Extended the  Gold Mineralisation at Trident

  Silver Storm Mobilizes Underground Mine Development Contractors at La Parrilla

  G Mining Ventures on Track and on Budget for Oko West Construction

  Barton Gold’s Tolmer Yielded >100,000 g/t Silver Trial Gravity Concentrate

  G2 Goldfields Extended High-Grade OKO Resource, Intercepts 84.5m @ 3.0 g/t Au

  Mogotes Metals Drilling Found Large-Scale, Shallow Gold-Copper System

  Mining Review 3rd May 2026

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Market Data

Weekly Price Changes

(US$ unless stated)