Mining Review 18th May 2025

Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.

West Red Lake Gold Mining are ramping up to production and the share price is stirring at last.

.

Gold in drill core from Beta Hunt mine, Western Australia. – Credits Karora Resources

.

Mining Review 18th May 2025

Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.

West Red Lake Gold Mining is ramping up to production and the share price is stirring at last.

Westgold and G Mining Ventures both released decent results, bit share prices fell due to the falling price of gold.

——-

Gold had a poor week as a risk on attitude returned to the markets, but did hold onto the $3,200 level just, but may well fall below next week.

US economic data looked better, but inflation fears remain and Trump is focused on reducing interest rates, which will be bullish for gold.

——-

News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

 G Mining Ventures Reported First Quarter 2025 Results

  Westgold Report Results For The Period Ending 31 March 2025

  West Red Lake Gold  Mines Intersected 48.97 g/t Au over 18.7m

  Orla Mining’s Q1 Loss Disappointed the Market

  Capricorn Metals Drilling Update

  Mining Review 11th May 2025

——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

Orla Mining (TSX: OLA)

Published Q1 figures that disappointed the market as the Musselwhite costs increased the loss on a short term basis.

Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces at an AISC of $850 for Camino Rojo only.

,

Orla Mining – Musselwhite Gold Mine –    Credits Orla Mining

.

,

,

Orla Mining’s Q1 Loss Disappoints the Market

Orla Mining (TSX: OLA)

Published Q1 figures that disappointed the market as the Musselwhite costs increased the loss on a short term basis.

Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces at an AISC of $850 for Camino Rojo only.

First Quarter 2025 Highlights

• Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces (pre-released). First quarter all-in sustaining cost¹ (“AISC”) was $845 per ounce of gold sold (Camino Rojo operations only).
• Acquisition of Musselwhite completed; integration process advancing.
• Updated 2025 production and AISC guidance, inclusive of Musselwhite, is 280,000 to 300,000 ounces of gold produced and $1,300 to $1,500 per ounce gold sold, respectively.² With first quarter production and costs, Orla is currently on plan to achieve full year guidance.
• Musselwhite investment of $115.0 million of exploration and capital to enhance future growth profile.
• Net loss for the first quarter was $69.8 million or $(0.22) per share, driven by the fair value adjustments on our financial instruments arising from the Musselwhite acquisition.
• Adjusted earnings¹ for the first quarter were $38.6 million or $0.12 per share.
• Cash flow from operating activities before changes in non-cash working capital during the first quarter was $401.2 million driven by the proceeds received from the gold prepayment³.
• Exploration and project expenditure¹ was $15.8 million during the quarter, of which $6.9 million was capitalized and $8.9 million was expensed.
• The Company ended the period with a cash balance of $184.2 million and $450 million in debt.

.

.

.

–       Jason Simpson, President and Chief Executive Officer of Orla commented

“We are proud of the continued consistency from our team in Mexico where the Camino Rojo Mine remains a strong cash flow generator.

“This quarter also marked a major milestone with the closing of the Musselwhite acquisition, expanding our presence in Canada, and increasing our annual gold production guidance to 280 – 300 thousand ounces.

“Over the next two quarters, our focus will be on integrating Musselwhite, laying the foundation for long-term success. Over the next 24 months and beyond, we plan to invest significantly in exploration and provide our new team with the resources to reshape Musselwhite beyond 2030.

“Our next step of growth will be driven by our U.S. team, where we continue to advance the South Railroad Project in Nevada through permitting and toward construction.”

.

——-

.

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 Orla Mining.

.

Capricorn Metals (ASX: CMM)

Published a Quarterly Exploration Update

Assays received from 89 resource definition holes (15,449 metres) since the last update in January 2025 continue to return exceptional results.

.

.

.

.

Capricorn Metals –  QUARTERLY EXPLORATION UPDATE

28 metres @ 8.68g/t from 83 to 110m#

Highway Prospect – Capricorn’s Maiden Drill Programme

Highlights

Mt Gibson Gold Project (MGGP)

• A further 835 holes, covering 34,390 metres, were drilled for resource extension, grade control, regional exploration, and mine development drilling across the MGGP during the March 2025 quarter (Q3).
• Assays received from 89 resource definition holes (15,449 metres) since the last update in January 2025 continue to return exceptional results, both within and extensional to the resource including:
• 17 metres @ 2.51g/t from 232 to 249m • 8 metres @ 8.90g/t from 39 to 47m
• 8 metres @ 5.73g/t from 111 to 119m* • 7 metres @ 5.80g/t from 234 to 241m*
• 19 metres @ 1.69g/t from 266 to 285m* • 9 metres @ 3.21g/t from 184 to 193m*
* intercept is outside of current resource pit shell
• A total of 5,928 metres (22 holes) of diamond drilling at the Orion Deposit was completed as part the third programme (15,000m) of deep drilling targeting mineralisation below the reserve shells. Broad, high-grade gold intercepts demonstrated that mineralisation extends significantly at depth, continuing to highlight the
potential for an underground mining operation. Encouraging results were returned including:
• 3 metres @ 41.49g/t from 290 to 293m • 3.61 metres @ 24.97g/t from 467 to 470.61m*
• 12.86 metres @ 4.86g/t from 336.14 to 349m* • 13.97 metres @ 4.02g/t from 364.03 to 378m*
• 8 metres @ 6.57g/t from 326 to 334m • 5 metres @ 9.33g/t from 305 to 310m*
• 13.15 metres @ 3.01g/t from 300 to 313.15m • 1.1 metres @ 33.80g/t from 336 to 337.10m*
* intercept is outside of current resource pit shell

The expanded 15,000m diamond drill programme will continue with three diamond drill rigs in Q4 targeting the underground mine potential and a maiden underground MRE targeted for Q1FY26.

To read the full report please click HERE

The live Spot 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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

Mining Review 11th May 2025

Gold Road Resources agreed to be taken over by Gold Fields, after they received an improved offer.

Catalyst Metals acquired the Old Highway Project from Sandfire Resources, and West Red Lake Gold Mines reported on the first bulk sample gold sales from the Madsen Mine.

.

.

City Investors Circle Mining Review 11th May 2025

,

It was a strong week for gold, up around 3%, and virtually all the metals ended the week on a positive note.

The gold indexes also recorded strong gains across the boards, with the GOEX Gold Explorers Index up 11%, and the SIL Silver ETF up 11%.

——-

.

Gold Road Resources agreed to be taken over by Gold Fields, after they received an improved offer.

Catalyst Metals acquired the Old Highway Project from Sandfire Resources, and West Red Lake Gold Mines reported on the first bulk sample gold sales from the Madsen Mine.

News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

Mining Review 4th May 2025

Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia.

It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.

Meeka Metals drill site – Credits Meeka Metals

.

.

.

City Investors Circle Mining Review 4th May 2025

.

Mining Review 4th May 2025

It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.

US economic news suggested a rate cut may come soon, but the price of gold fell, along with most base metals.

——-

.

Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia. The company are preparing for the commissioning of their mill in June.

The main news of the week was the announcement by Calibre Mining that shareholders have approved the takeover by Equinox Gold. I felt the premium offered was still too small and maintained my no vote, but I guess both companies did just enpough to get sufficient no votes to switch.

G Mining Ventures kept up their recent run of good news by announcing a robust Feasibility for the Oko West project in Guyana.

As the week ended Gold Road shares were suspended from trading on the ASX, and the rumour is Gold Fields have increased their original bid for the company. I suspect this offer may be accepted due to the trading halt, as if they were going to reject it they could simply do so without halting the stock.

——-

News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

.

Mining Review 27th April 2025

Capricorn Metals dominated the news this week, first by announing the CEO has stood down whilst he contests a case of assault, and then the company announced a new land acquisition near Mt. Gibson.

Gold trod water, as did most metals as Trump started to backtrack on his tariffs.

.

Bullabing Gold Project – Courtesy of Minerals 360

City Investors Circle Mining Review 27th April 2025

.

Mining Review 27th April 2025

Capricorn Metals dominated the news this week, first by announing the CEO has stood down whilst he contests a case of assault, and then the company announced a new land acquisition near Mt. Gibson.

The stock was punished severely for the CEO assault announcement, despite him saying he is going to contest the case. This was a great shame as the sock had built up wuite a bot of momentum, and this surprise announcement has stopped the rise for now.

We iniated coverage of Minerals 260 in our tier 2 watchlist.

BPM Minerals published a disappointing drill result near Capricorn’s Mt. Gibson project, and is now searching for new targets in the area.

——-

Other news items from companies on all our watchlists are below

Stifel Nicholas sets a target of C$19 for Orla Mining

Capricorn Metals (ASX: CMM)

The board advises that it has become aware that Chief Executive Officer Paul Criddle has been charged with the offence of aggravated assault, a charge to which he has pleaded not guilty. Paul has been granted leave pending the resolution of this personal matter.

.

.

.

Comment

Just when Capricorn had become the darling of the market and risen over the A$10 mark, this news comes totally out of the blue to knock it back down again!

The gold price took a dive yesterday, which would account for a few percent of the fall.

To be perfectly honest, I think the 11% fall in the share prices last night is way too harsh, as the company is still mining the same gold at the same price, and exploration prospects have not changed one iota.

Clearly this allegation does not stand the CEO in a good light, but at this stage it’s only an allegation, and everyone is innocent until proven guilty.

With the experienced MD standing in as temporary CEO I see no reason why it shouldn’t be business as usual for Capricorn.

It just goes to prove once again that you can’t take anything for granted in investing, and that’s why I always recommend a diversified portfolio.

——-

.

Capricorn CEO Paul Criddle Stands Down During Assault Investigation

The board of Capricorn Metals Limited (ASX: CMM (Capricorn) advises that it has become aware that Chief Executive Officer Paul Criddle has been charged with the offence of aggravated assault, a charge to which he has pleaded not guilty.

Paul has been granted leave pending the resolution of this personal matter. As this matter is before the court, Capricorn will not be making any further comment in relation to it at this time.

The management and executive functions of Capricorn are well covered with Executive
Chairman Mark Clark continuing in his full time leadership role together with the broader
strengthening of the executive team announced on 18 December 2024.

This announcement has been authorised for release by the Capricorn Metals board

.

——-

To read the full news release please click HERE

.

The live Spot 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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

Mining Review 20th April 2025

The price of gold reached a new high and settled up around 2%.

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Happy Easter!

We wish all our readers a happy and peaceful Easter.

Awalé Resources at the PDAC

City Investors Circle Mining Review 20th April 2025

,

The price of gold reached a new high and settled up around 2%. All the precious metals rose, with silver rising nearly 5%.

Base metals also rose, with the exception of lithium, coking. and thermal coal.

——-

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Awalé Resources reported more high-grade gold strikes in the Ivory Coast.

Producing gold miners generally had a good week as the market seems to be finally recognising the revenue now being earned at the higher gold price. The good results being reported now are at a lower gold price than currently, so if this price remains or increases the next set of results will be spectacular.

——-

  Colonial Coal mourns the passing of Director Tony Hammond

  Calibre Mining Delivered 71,539 Ounces in Q1 2025, a Record

  Awalé Resources Hit 12 g/t Gold over 26 Metres

  Orla Mining Achieved Record Quarterly Production

  Orla Mining Launched a $25M Exploration Drilling Program

  Capricorn Metals On Track for Production Guidance

  Mining Review 13th April 2025

Capricorn Metals (ASX: CMM)

Provided a preliminary update on the quarterly production at the Karlawinda Gold Project, which delivered another strong quarter of operations, producing 30,599 ounces of gold.

This result brings year to date production to 84,860 ounces, putting Capricorn in an excellent position to achieve the mid-point of FY25 guidance of 110,000 – 120,000 ounces at a cost guidance range of $1,370 – $1,470 per ounce.

.

.

.

.

Capricorn Metals Production on guidance and on track

.
Capricorn Metals Limited (ASX: CMM) (Capricorn or the Company) is pleased to provide a preliminary update on the quarterly production at the Karlawinda Gold Project (KGP).

KGP delivered another strong quarter of operations, producing 30,599 ounces of gold.

This result brings year to date production to 84,860 ounces, putting Capricorn in an excellent position to achieve the mid-point of FY25 guidance of 110,000 – 120,000 ounces.

AISC is also expected to be within the FY25 cost guidance range of $1,370 – $1,470 per ounce.

——-

Gold production for the quarter was driven by a sustained emphasis on total material
movement from the Bibra open pit, allowing the budgeted pit face positions to be met for the fourth consecutive quarter. This effort has delivered the steady increase in gold production quarter on quarter, aligning with expectations for a robust second half of FY25.

Pleasingly, the efficient mining performance in the main pit enabled the expediting of pre-stripping operations ahead of schedule at the Southern Corridor extension, further mitigating risks associated with the transition to the expanded project.

Full operational and cost details will be provided in the Quarterly Report later in April 2025.

The Company’s cash and gold on hand at the end of the March 2025 quarter was
$404.6 million (Dec24: $363.1m). This represents a cash build of $57.6 million for the quarter (Dec24: $31.2m) before total capital expenditure of $16.1 million at the Mt Gibson Gold Project.

.

——-

To read the full news release please click HERE

.

The live Spot 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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners. The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs.

Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and Gold Road rising to new highs, to name but three.

.

Gruyere Mine, picture courtesy of Gold Road Resources

.

City Investors Circle Mining Review 13th April 2025

Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners.

The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs, and continued to fall even after most tariffs were delayed by ninety days as the US bond market reacted in fear.

Trump is trying to remove Wall Street’s power, a battle I think he will lose as the financiers have the tools to make the economy sink very quickly if they want to, a lesson he may now be learning to his cost.

——-

Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and  Gold Road Resources rising to new highs, to name but three.

The news event of the week was Wesdome Gold’s bid for Angus, two stocks that we cover.

This deal makes a lot of sense as Angus hold strategic ground close to Wesdome’s, and givesWesdome domination of the district, with the financial resources to exploit it.

——-

My decision to ditch my explorers and focus on producing gold miners a year ago is bearing fruit, and I am sticking with it save for a couple of introductory small purchases of a couple of explorers that I think may turn out to be profitable over the longer term.

The latest purchase was Power Metals (PNPN.V) which has sunk a bit since my initial purchase, highlighting the risk of buying at the end of a European roadshow!  I invest for the longer term so I’m not concerned about a small drop.

I have added to my 2025 ISA and already added to my holding in West Red Lake Gold Mines. I did this despite my disappointment at the recent CAD$20 million flow through placing with a full warrant, as I feel that once they commence production, this will rerate if the current record high gold price continues.

——-

It’s a great feeling looking at the portfolio every day when shares are rising in price, let’s hope this continues for a good while yet, we gold investors have had some lean years to make up for!

——-

  West Red Lake Gold Mines Reflected on their Madsen Mine Achievements

  Wesdome Announced First Quarter 2025 Production

  G Mining Ventures Filed a NI 43-101 Technical Report for the Gurupi Gold Project

  Awalé Hit 1.6 g/t Gold Eq. over 45m at the BBM Zone

  Wesdome Gold Bids For Angus

  Barton Gold Monthly Update

  Mining Review 6th April 2025

.

——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Barton Gold (ASX: BGD)

CEO Alex Scanlon released an update following several positive events recently.

The company has been very active, the trading volume and the share price has been rising.

.

Photo courtesy of Barton Gold

.

.

Comment

I have followed the Barton Gold story for a couple of years and hold CEO Alex Scanlon in high regard.

Barton have just announced the Tolmer silver discovery, which was totally unexpected, and was probably the reason for the recent run up in volume traded and share price.

The story is becoming more compelling and I am looking to top up my existing holding as the new ISA year has just started.

The post below is the note sent to shareholders by the CEO.

——-

——-

To read the full news release 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.

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 Barton Gold.

.

Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

..

Courtesy of Meeka Metals

City Investors Circle Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

After a storming month in March it’s painful to have to give back some of the gains just as the producing gold miners had built up a head of steam and looked to be finally responding to the high gold price.

The only consolation is that the price of gold is still 8% above where it was a month ago, despite the recent drop.

Silver lost a whopping 13.21% last week!   This has taken the gold / silver ratio over 100, the first time since 2021 it’s been over 100.

It’s no great shock that the base metals went into meltdown either, copper down n enormous 14% in a week is still a shock though.

——-

Amongt the compnies we follow on our watchlists, there was generally good news despite it not being reflected in their share prices.

Meeka Metals announced a positve development uodate as well as somme high-grade drill results from ther Murchison property.

Cabral Gold continues to pump out some good drill intercepts, 3m at 15.9 gpt is nice in gram metre terms.

Cornish Metals acquired some land that wil be useful for their minesite support infrestructure. The company is very quiet on shaft refurbishment and dewatering news though.

.

——-

All the news from our tier 1 and 2 watchlists companies last week is below, click on the link to be taken to the full story.

 Cabral Gold Drilled 3m @ 15.9 g/t gold at Machichie

  Meeka Metals Murchison Development Update

  Cornish Metals Acquired More Land at South Crofty

  Horizon Metals First Ore Processing Update

  City Investors Circle Market Review March 2025

  Meeka Metals Announced 36m of 2.82 G/T Gold at Turnberry

  Mining Review 30th March 2025

——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Mining Review 30th March 2025

The story of the week was the bid for Gold Road Resources by it’s mining partner at the Gruyere Gold Mine, Gold Fields.

Gold Road responded by calling the bid “opportunistic”, and making an alternative bid to buy out Gold Fields from their half of the Gruyere mine.

Catalyst Metals sold a mine and announced some good drill results.

.

Drill core from Conroy Gold exhibited at the 2025 PDAC

.

City Investors Circle Mining Review 30th March 2025

The story of the week was the bid for Gold Road Resources by it’s mining partner at the Gruyere Gold Mine, Gold Fields.

Gold Road responded by calling the bid “opportunistic”, and making an alternative bid to buy out Gold Fields from their half of the Gruyere mine.

Catalyst Metals sold a mine and announced some good drill results.

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

  Barton Gold Reported 17,600g/t Silver Intersected at Tarcoola’s Tolmer Prospect

  Gold Road Resources Announced Gruyere Underground Drill Results

  West Red Lake Gold Mines Madsen Mill Restarted

  Catalyst Metal’s Trident Drilling Extended Mineralisation Footprint

  Gold Road Resources Rejected Gold Field’s Offer

  Catalyst Metals Suspended In Relation to “Material Assay Results”

  Catalyst Metals Sells Its Henty Gold Mine to Kaiser Reef

  Mining Review 23rd March 2025

Other news from our watchlist companies last week are listed below, click on the link to be taken to the full story.

Pacgold released a podcast update for their Alice River Gold exploration project

Gold Road explained their rejection of Gold Fields’ bid

——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Mining Review 23rd March 2025

The high price of gold  came through in some glittering results from Galiano Gold and Wesdome last week. This augurs well for the current quarter as the gold price is significantly higher now.

Gold Road Resources once again reported mechanical problems at Gruyere, which is becoming an annual event, and lowered guidance.

.

Gold Road Resources Gilmour Mine in WA

. 

City Investors Circle Mining Review 23rd March 2025

 Calibre Mining’s  Buyout by Equinox Gold is Opposed by Van Eck

  Galiano Gold Reported Q4 And FY 2024 Results

  Awalé Resources Hit 2.0 g/t Gold Eq. over 52 metres at BBM

  Gold Road Reduced Guidance for the March Quarter

  Catalyst Metals Announced the  First Stoping Ore From Plutonic East

  Mining Review 16th March 2025

Other news from our watchlist companies last week are listed below, click on the link to be taken to the full story.

Cartier Resources announced a flow through and hard dollar financing.

Heliostar Metals Announced a C$17 million bought Deal financing.

Barton Gold presentation to the SMI Conference

Caprice Resources 1 minute video update

——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Calibre Mining (TSX: CXB)

Van Eck, Calibre Mining’s top shareholder at 8.9% as per a recent declaration, is opposing the takeover of Calibre by Equinox Gold.

I wholeheartedly agree with their opposition, and wonder if their lead will be followed by other institutional investors?

.

.

.

.

Comment

I have been a shareholder of Calibre Mining for a few years, firstly after they took over Fiore Gold where I was a shareholder, and then they took over Marathon Gold Corp., where again I was a shareholder.

Marathon were struggling to complete the construction of the Valentine Gold Mine in Newfoundland due to financial constraints, so Calibre offered a route to production without massive dilution.

Equinox Gold recently announced they are acquiring Calibre in an all-share deal with no premium for Calibre shareholders.

I am very pleased to hear that Van Eck is oposing the Equinox Gold buyout of Calibre Mining, because I too think this is a bad deal for Calibre shareholders, of which I’m still one.

Van Eck shares my concerns, and it is not only the largest Calibre shareholder at 8.9%, it is also a large shareholder of Equinox Gold! 

Imaru Casanova, a portfolio manager for Van Eck Associates Corp., said that the merger “dilutes the quality and potential” of Calibre Mining.

With such an influential shareholder of both companies opposing the deal, this could get very interesting if other institutions agree.

——-

My main concerns

Equinox Gold’s huge debt of around $1.48 billion (source) that Calibre shareholders will end up partly repaying through profits from their operations.

No premium was offered.

The deal results in a mish mash of mines and projects spread over a number of countries. Interestingly this is one of the principal objections raised by Van Eck.

I feel the commencement of production at Valentine would have rerated the stock, hence Equinox’s opportunistic approach now before the CXB price moved upwards.

——-

In conclusion, I think this deal benefits Equinox shareholders at the expense of Calibre shareholders, and I too will be voting against when the time comes. My hope is that Van Eck’s objections will lead to other institutional objections, over 33% is required to prevent the transaction going ahead.

I did speak to a couple of people from the company at PDAC, and expressed my concerns, and they tried to convince me that with the current price of gold and when 900,000 ounces of annual production is achieved, the debt will be paid off quickly.

This may be so, but without this deal Calibre would have been banking money from Valentine from the word go, which when added to Nicaraguan production, and Nevada, would have created a huge cash pile for either shareholder dividends or acquisitions of their own.

A recent Article by Mining.com is 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 Calibre Mining

.

I am invested because of the past record of company achievements, and the opening of the large Valentine Gold Mine in Newfoundland later this year, an event that I consider will bring about a positive rerating of the share price.

Mining Review 16th March 2025

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world.

.

Orla Mining – Musselwhite Gold Mine

.

City Investors Circle Mining Review 16th March 2025

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world. One theory is this is because US banks have to comply with Basel 3 by mid-year, and are importing gold to cover bullion they leased out years ago.

Most precious and base metals ended the week higher after yet another positive stimulus message from the Chinese governement.

——-

Mining Review

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Awale have recorded some of the highest grades in Africa in the last year and high-grade discoveries continue to be made on very prospective land in the Ivory Coast.

Cabral have been quiet for a while but have now announced some new gold discoveries that boosted the share price. CEO Alan Carter has a large personal investment here bought in the market.

Meeka Metals, on the cusp of initial production in Western Australia announced a new gold discovery.

Ora Banda Mining, also in Western Australia, announced an “outstanding” discovery as they expand production and exploration at their Daveyhurst project.

All of this week’s stories can be read in full by clicking the links below.

 Cabral Gold Trenched 20m @ 3.6 g/t Gold at Machichie

  Awalé Resources Updates on Drilling at High-Grade Gold Target

  Ora Banda Mining’s New Outstanding Gold Discovery

  G Mining Ventures CEO Named Producer of the Year

  G Mining Ventures Commences Construction at Oko West

  Capricorn Delivered Strong Half Year Results

  Orla Mining Completes the Musselwhite Acquisition

  Meeka Metals Discovers a New High-Grade Gold Zone

PDAC 2025 reviews can be read below

  PDAC 2025 Day 4

  PDAC 2025 Day 3

 PDAC 2025 Day 2

  PDAC 2025 Day 1

——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

G Mining Ventures (TSX: GMIN)

Louis-Pierre Gignac, the Founder, President & CEO of G Mining Ventures, has been named Kitco Mining’s 2024 CEO of the Year in the producer category.

.

.

.

.

.

Comment

This award is well deserved in my opinion, G Mining has been doing everything right since I began following the company.

My only concern is they may recieve a hostile bid whilst they’re still a mid cap producer, whereas I feel this is a long term buy and hold stock.

Anglogold are a close neighbour in Guyana and it would not surprise me if GMIN and Anglo go head to head in bidding for G2 Goldfields’ Oko project in Guyana

——-

.

Kitco Mining names G Mining Ventures CEO Louis-Pierre Gignac Producer of the Year

(Kitco News) – Louis-Pierre Gignac, the Founder, President & CEO of G Mining Ventures (TSX: GMIN), has been named Kitco Mining’s 2024 CEO of the Year in the producer category.

The award comes on the heels of a successful year for G Mining Ventures, marked by the completion of its Tocantinzinho gold mine in Brazil and a strategic acquisition in Guyana.

.

To read the full news release, 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 G Mining Ventures.

.

Capricorn Metals (ASX: CMM)

Delivered strong half year results, aided by the strong gold price.

Underlying profit before tax increased by 10% to a $90.7 million from previous
corresponding period, reflecting strong operating performance.

.

Capricorn Metals projects location map

.

.

.

CAPRICORN DELIVERS STRONG HALF YEAR RESULTS

Capricorn Metals (ASX: CMM) delivered strong half year results, aided by the strong gold price.

.
Highlights

• Underlying profit before tax increased by 10% to a $90.7 million from previous
corresponding period, reflecting strong operating performance:
o Delivered gold price up 31% to $3,943 per ounce for 54,062 ounces sold
o Strong cost control against back drop of industry wide inflationary pressures
• Lowest quartile Australian gold industry all-in-sustaining-cost (AISC) of $1,564 per
ounce underpins strong EBITDA of $95.1 million and an EBITDA margin of 45%.
• Gross operating profit per ounce sold of $1,700 translating to significant cash build for
the half year of $41.8 million after $20.4 million spent on exploration and feasibility
activities at Mt Gibson and Karlawinda, $10.1 million on development activities at
Mt Gibson, and before the $200 million (before costs) placement proceeds.
• Receipts from gold sales increased by 17% from the sale of 54,062 ounces at an
average delivery price of $3,943 per ounce. A further 1,825 ounces of gold bullion on
hand was subsequently sold in January 2025 for $7.7 million;
• Strong cash flow from operations of $84.8 million further strengthening Capricorn’s
robust balance sheet position:
o Cash and bullion of $363.2 million (30 June 2024: $110.3 million)
o Net cash position of $313.2 million with $50 million bank debt outstanding with
a single bullet repayment in June 2025
• H1 FY25 gold production of 54,261 ounces at AISC of $1,564 per ounce was in line
with expectations and puts Capricorn in a strong position to achieve production
guidance for FY25 of 110,000 – 120,000 ounces at AISC of $1,370 – $1,470 per ounce.

1Underlying profit excludes non-cash adjustments following the adoption of hedge accounting in July 2023.
2 Includes bullion valued at $7.7 million representing the value of the bullion subsequently sold in Jan ’25 and capital proceeds
from a $200 million (before costs) placement completed in Nov ’24.
3Net cash is defined as cash and bullion less corporate bank debt (A$50 million).
________________________________________________________________

.

Capricorn Metals Financial results

A strong six months of operations at the Karlawinda Gold Project (“KGP”) has seen Capricorn Metals Ltd (“Capricorn” or “the Company”) report a statutory profit before tax of $63.1 million for the half year ended 31 December 2024.

Underlying profit before tax of $90.7 million was net of the non-cash adjustments of $27.7 million resulting from the adoption of hedge accounting.

Cash flow from operations of $84.8 million continued the strong financial performance of the KGP.

Capricorn expects to achieve annual production guidance of 110,000 – 120,000 ounces and AISC guidance of $1,370 – $1,470 per ounce.

.

To read the full news release please click HERE

.

The live Spot 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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

Mining Review 9th March 2025

I attended the world’s largest mining conference, the PDAC in Toronto last week.

Despite another record attendance being declared by the organisers, and a record gold price, I felt a negative vibe in the show, when there should have been a positive feeling.

.

Serabi Gold Stand at PDAC 2025

City Investors Circle Mining Review 9th March 2025

I attended the world’s largest mining conference, the PDAC in Toronto last week.

Despite another record attendance being declared by the organisers, and a record gold price, I felt a negative vibe in the show, when there should have been a positive feeling.

Once again the show was saturated with mining juniors desperately seeking funding, and as an investor that’s not what I’m looking for.

The days of the junior doing some drilling, declaring the result, the share price rising, and a placing taking place after the rise seem to be well and truly over, that model is broken in my opinion.

Many companies have had limited progress in the last year due to limited funds, and as a result are simply trying to attract in enough new money to pay salaries and running costs, and, hopefully, drill a few new holes to show some progress.

This is a snail’s pace exploration programme and it no longer excites investors.

The market is full of these sort of companies and investors have seemingly had eneough. I think a new model needs to happen otherwise in a few year’s time there will be a dearth of exploration projects.

I think they need to properly regulate how a junior mining company can operate, as a starting point. No more confetti options for management and insiders for a start.

Then stop management putting projects they personally own into the company, unless they can verifiably demonstrate the price is the same as they purchased the project for.

Encourage senior mining companies to mentor and invest in juniors so regulated, with senior staff assisting to develop projects.

If something is not done I fear investing in junior mining compnies is going to cease, as everyone can see the drawbacks.

——-

Walking around the floor at PDAC, despite the “no soliciting’ signs, it was apparent there was a multitude of out of work miners and geologists, along with an army of service providers, touting their services.

It seems as though the mining industry is becoming dwarfed by this legion of people seeking business opportunities and financial gain.

The number of companies exhibiting in the “Investor’s” Exchange was lower than last year, and it makes me wonder whether this is because of the absense of investors and the constant barrage of service providers going around the booths?

At some point companies will surely realise that they are not meeting investors at such shows and cease attending themselves.

As I mentioned before, the junior mining sector is in urgent need of significant change or it will die.

——-

.

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

PDAC 2025 Day 1

It was notably much busier than last year as the 2025 PDAC opened it’s doors.

My first impression is that there are once again a lot of junior early stage exploration companies looking for cash to continue funding a snail’s pace exploration cycle.

.

PDAC Investor’s Exchange panoramic view.

PDAC 2025 Day 1

It was notably much busier than last year as the 2025 PDAC opened it’s doors.

As an old hand I knew to register on the Saturday afternoon to avoid the inevitable long queues on Sunday morning, so entry was swift and I felt sorry for those people having to wait in line.

My first impression is that there are once again a lot of junior early stage exploration companies looking for cash to continue funding a snail’s pace exploration cycle.

I struggled to find companies that really interested me due to the early stage nature of most of the companies presenting.

The standout of the day was Southern Cross Gold, a dual listed ASX/TSX stock, exploring close to Fosterville in Victoria state, Australia. It features legendary gold investor Pierre Lassonde as one of it’s investors, and a host of quality institutional funds, always a good sign.

The other company I liked was Avino Silver, which is about to put the old Orko Silver Preciosa mine into production.

Avino’s existing producing silver mine is around 20 ,miles from Preciosa, allowing them the advantage of being able to truck the ore there rather than build a stand alone plant, a massive saving on capex.

Production is due to start soon and as Preciosa’s ore is higher grade, should improve Avino’s AISC, and obviously cashflow and profits.  As a virtually pure silver play, I am looking into investing in Avino.

I also liked Winsome Resources, a lithium play, and Emperor Metals, but as the latter is on the CSE I cannot buy that or hold it in my ISA.

Day 2 today, my feet already hurt, so I’m going to minimise my walking today if that’s possible.

.

——-

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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.