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 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 (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 (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 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
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
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
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
City Investors Circle widh all our readers a happy, healthy, and prosprous New Year.
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
Neometals (ASX / AIM: NMT)
Announced their intention to delist from the London AIM market, due to the cost of maintaining a listing , low liquidity, and the “challenging conditions for financing” in London. Continue reading
G2 Goldfields (TSX: GTWO)
After meeting management twice during 2024, we are initiating coverage of GTWO.
The company has some highly prospective gold licences in a prolific gold belt in Guyana, a tier 1 mining jurisdiction. Continue reading
Merry Christmas from City Investors Circle – London
We would like to wish all our readers a relaxing and peaceful Christmas, and a healthy, prosperous, and Happy New Year for 2025.
It’s been an interesting year, with opportunities for investors in producing gold miners and selected exploration companies to increase portfolio value, with gold breaking records to an all time (nominal) high price.
We should remain positive moving into 2025. Continue reading
City Investors Circle
It’s the end of the year, and the time we review companies on our watchlists for performance and whether they are achieving the objectives as previously stated.
One measure is obviously share price performance, but there’s also the number and frequency of news releases, and any changes in the safety of the Jurisdiction. We have deleted a number of companies. Continue reading
Ora banda Mining (ASX: OBD)
The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.
The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers. Continue reading
Perpetua Resources (TSX: PPTA)
Announced its wholly owned subsidiary, Perpetua Resources Idaho, Inc., has agreed to conduct metallurgical testing of antimony concentrate samples from Perpetua’s Stibnite Gold Project with Montana-based United States Antimony Corporation (NYSE: UAMY). Continue reading
Ora Banda Mining (ASX: OBM)
Provided an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project.
Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. The mine remains on track to deliver first stoping ore in the March-25 Quarter. Continue reading
Galiano Gold ( NYSE / TSX: GAU)
Announced that it has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund Limited for total cash consideration of US$13 million.
The Company had been required to sell 100% of gold production from the Asanko Gold Mine, up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite. Continue reading
Westgold Resources (ASX/ TSX: WGX)
Advised it has executed a gold ore purchase agreement between its subsidiary, Big Bell Gold Operations Pty Ltd, and Zeus Mining Pty Ltd, an entity owned by New Murchison Gold Limited (ASX: NMG).
Under the terms of the OPA, Westgold has agreed to purchase between 30,000 and 50,000 tonnes of gold ore per month from NMG’s planned open pit operation at Crown Prince. Continue reading
