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Calidus Resources
I have been notified by my broker that Calidus Resources has been delisted from the ASX effective the 17th January 2025. Continue reading
Author Archives: Mining Desk
West Red Lake Gold Intersects 45.70 g/t Au over 3.85m
West Red Lake Gold (TSX.V: WRLG)
Reported definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
Hole MM24D-02-4090-010Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m. Continue reading
American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts
American Creek (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone with infill and expansion drilling. Continue reading
Orla Mining Achieves Record Annual Gold Production
Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.
The Company produced 26,531 ounces of gold in Q4, bringing total annual gold production for 2024 to 136,748 ounces. Orla achieved its already improved 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat. Continue reading
Meeka Metals Announce High-Grade Gold at Turnberry
Meeka Metals (ASX: MEK)
Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.
Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation. Continue reading
Meeka Metals – Initiating Coverage
Meeka Metals (ASX: MEK)
City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.
Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine. Continue reading
Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition
Orla Mining (TSX: OLA; NYSE: ORLA)
Announced that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Minefrom Newmont Corporation. Continue reading
Westgold Group Production Lifts in Q2 FY25
Westgold Resources (ASX / TSX: WGX)
Provided preliminary production results for Q2, FY25, where Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.
Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance. Continue reading
Calibre Delivers Record Q4 Gold Production of 76,269 Ounces
Calibre Mining Corp. (TSX: CXB)
Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.
Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces. Continue reading
Faraday Copper Intersects 40.06 m at 0.78% Copper
Faraday Copper (TSX: FDY)
Announced the results of five drill holes from its ongoing Phase III drill program at the Copper Creek Project, Arizona.
The highlight was 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia. Continue reading
West Red Lake Gold Announces Positive Pre-Feasibility Study for Madsen
West Red Lake Gold Mines (TSX.V: WRLG)
Announced the results of the pre-feasibility study prepared in accordance with National Instrument 43-101 for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada. Continue reading
G Mining Ventures Receives Vital Permit for Oko West
G Mining Ventures (TSX: GMIN)
Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS submissions made in November 2024 for the Corporation’s Oko West Gold Project. Continue reading
G2 Goldfields Announces Filing of Reports for Proposed Spin-Out
G2 Goldfields (TSX:GTWO)
Announced that it has filed the management information circular and related meeting materials for the AGM and SGM of G2 shareholders to be held on January 28, 2025
The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc.
Gold Road Announces Record Production in December
Gold Road Resources (ASX: GOR)
Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.
Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces. Continue reading
Mining Review 5th January 2025
Mining Review 5th January 2025
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company. Continue reading
Perpetua Receives the Final Permit for Stribnite
Perpetua Resources (TSX: TO)
The Biden administration on Friday issued the final mining permit for Stibnite Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.
American Creek Resources Announces Amendment to Plan of Arrangement
American Creek Resources (TSX.V: AMK)
Has entered into an amendment agreement with Cunningham Mining Ltd. to amend the previously announced arrangement agreement between the Purchaser and the Company dated September 5, 2024.
Under the Amendment Agreement, the Outside Date has been extended from December 30, 2024 to January 31, 2025. Continue reading
Market Review for December 2024 published
City Investors Circle Market Review
Market Review for December 2024 has been published.
The highlighted company is Awale Resources.
Ora Banda Mining was the biggest riser of the year at 207%. Continue reading
Happy New Year
Happy New Year
City Investors Circle widh all our readers a happy, healthy, and prosprous New Year.
Gold Road Enters a Farm-in Deal With Iceni Gold
Gold Road Resources (ASX: GOR)
Advised of a binding Farm-in Agreement and share placement transaction with Iceni Gold Limited (ASX: ICL) over tenements around and containing the Guyer Gold Trend, within the 14 Mile Well Gold Project located between Leonora and Laverton in Western Australia. Continue reading