Capricorn raises $200 million to Underpin Growth

Capricorn Metals (ASX: CMM)

Announced it has received firm commitments for an institutional placement of new fully paid shares to raise $200 million (before costs) at an issue price of $6.00 per share.

The placement was strongly supported by existing institutional shareholders.

 

 

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Capricorn Metals Karlawinda Mine

Capricorn Metals Karlawinda Mine

 

 

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Capricorn Metals ASX: CMM
Stage Production, development, exploration
Metals Gold
Market cap A$2.2.41 B  @A6.38
Location Western Australia
Website www.capmetals.com.au

 

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CAPRICORN RAISES $200 MILLION TO DELIVER KARLAWINDA EXPANSION PROJECT And MT. GIBSON DEVELOPMENT

 

 

Capricorn Metals (ASX:CMM) (Capricorn or the Company) is pleased to announce it has received firm commitments for an institutional placement of new fully paid shares to raise $200 million (before costs) at an issue price of $6.00 per share.

The placement was strongly supported by existing institutional shareholders and new high quality Australian and international institutional investors.

The placement proceeds, together with current cash reserves and the expected future free cash flow generated from Karlawinda, are expected to fully fund the development of the KEP and MGGP.

• Capricorn has received firm commitments for an institutional placement to raise a total of $200 million (before costs)
• Placement issue price of $6.00 per share, representing a discount of 4.9% to the last closing price of $6.31 and a 5.8% discount to the 5-day trading volume weighted average market price (VWAP) of $6.37.
• Bookbuild saw significant demand from leading institutional investors both domestically and internationally, with strong support from existing institutional shareholders.
• Proceeds from the placement will be used to fund:
o Development of the Karlawinda Expansion Project (KEP) through a 2.5Mtpa
increase in processing capacity to 6.5Mtpa to increase gold production at the
project to 150,000 ounces per annum;
o Detailed plant design, engineering & drawings and long lead equipment purchasing
where advantageous at both the KEP and the Mt Gibson Gold Project (MGGP);
o Accelerated exploration at MGGP aimed at continued resource and reserve growth
along with expediting drilling focussed on areas of the resource and beyond
presenting potential underground resource and mining opportunities; and
o Working capital and balance sheet strength to provide optionality around debt
repayment and further gold hedging closures.
• Development of both KEP and MGGP expected to be fully funded – no further debt or
mandatory gold hedging expected to be required.
• Development of the KEP and MGGP will see Capricorn on a path to >300,0001 ounces gold production per annum, with operating costs in the lowest quartile of the Australian gold mining industry.

This growth is underpinned by Capricorn’s 3.3Moz reserve base at two quality projects with long mine lives (10 years) in the tier one location of Western Australia.

 

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This underpins Capricorn’s clear development pathway to become a 300,000 ounce per annum gold producer.
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Placement Details

The Company has received firm commitments from sophisticated and professional investors under the Placement to raise approximately $200 million (before costs) through the issue of 33,333,334 shares at an issue price of $6.00 per share.

The issue price of $6.00 per share represents a 4.9% discount to Capricorn’s last traded price of $6.31 on Tuesday, 29 October 2024, and a 5.8% discount to Capricorn’s 5-day VWAP of $6.37.

Capricorn shares are expected to resume trading on the ASX from market open today, Friday 1 November 2024. Settlement of the new shares is expected to occur on 7 November 2024, with allotment on 8 November 2024.

Upon completion of the placement the 33,333,334 new shares will represent approximately 8.8% of the expanded share capital of the Company.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

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

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=======

,

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

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To read our full terms and conditions, please click HERE

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Westgold Hits a High-Grade Gold Intercept at Bluebird South

Westgold Resources (ASX / TSX: WGX)

Provided an update from ongoing resource development drilling at its Bluebird-South Junction mining complex in Meekatharra, Western Australia.

A record Polar Star Lode drill intercept of 13.71m @ 18.02g/t Au – from 563.00m (including 5.85m @ 36.37g/t Au from 567.00m) for 247 gram-metres.

 

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Westgold

 

 

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Westgold ASX / TSX: WGX
Stage Production + development
Metals Gold
Market cap A$2.97  Billion @ A$3.15
Location Western Australia
Website www.westgold.com.au

 

Westgold – Polar Star Lode Emerges at Bluebird-South Junction

 

13.71m @ 18.02g/t Au in drill hole 24SJDD028

 

Perth, Western Australia, 4 November 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update from ongoing resource development drilling at its Bluebird-South Junction mining complex in Meekatharra, Western Australia.

 

Highlights

Record Polar Star Lode drill intercept of 13.71m @ 18.02g/t Au – from 563.00m
(including 5.85m @ 36.37g/t Au from 567.00m) for 247 gram-metres in hole
24SJDD028

Bluebird – South Junction mining complex continues to extend – with significant
intersections from both the South Junction and Polar Star Lodes including:
 18.00m @ 3.61g/t Au from 737.0m in hole 24SJDD034_W1
 13.00m @ 3.65g/t Au from 385.00m in hole 24SJDD032
 10.80m @ 3.06g/t Au from 835.30m in hole 24SJDD033
 14.58m @ 2.54g/t Au from 531.00m in hole 24SJDD031
 5.80m @ 4.06g/t Au from 666.00m in hole 24SJDD028_W2
Resource development drilling continues – with two surface drill rigs and two
underground drill rigs in operation.

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Updated Mineral Resource Estimate for Bluebird-South Junction pending

 

Further to the ASX announcements of 14 May, 2 July and 5 September 2024, Westgold has continued with the extensional exploration / resource definition drilling program under the historic South Junction and Bluebird open pits at Meekatharra.

The aim of this program, which commenced in mid-January 2024 and to date has totalled some 34,525m of drilling from surface, is to test and define the down-plunge extents of the multiple orebodies.

This system historically produced +1Moz from open pits and is currently being mined
from underground by Westgold.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“The Bluebird-South Junction mine is rapidly becoming the key growth driver of Westgold’s Murchison portfolio.

 

“Our team is mining the Bluebird and South Junction Lodes now and with intercepts like 13.71m @ 18.02g/t Au from the Polar Star Lode we see a third mining opportunity rapidly emerging.

 

“The system remains open and with further drilling Polar Star has the potential to expand mine outputs  towards 1.5Mtpa”.

 

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To read the full news release, please click HERE

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

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

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=======

,

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.

.

To read our full terms and conditions, please click HERE

 

 



Capricorn Metals Karlawinda to Increase Gold Production

Capricorn Metals (ASX: CMM)

Announced Board approval for the expansion of the KGP.  The expansion will incorporate the installation of a new three stage crushing and ball mill circuit to increase processing capacity to 6.5Mtpa.

The average annual gold production from the expanded KGP is expected to be in the order of 150,000 ounces.

 

 

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Capricorn Metals

Capricorn Metals projects location map

 

 

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Capricorn Metals – KARLAWINDA EXPANSION TO INCREASE ANNUAL GOLD PRODUCTION TO 150,000 OUNCES

 

 

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Capricorn Metals Limited (ASX:CMM) (Capricorn or the Company) is pleased to announce Board approval for the expansion of the KGP.

The expansion will incorporate the installation of a new three stage crushing and ball mill circuit to increase processing capacity to 6.5Mtpa.

The average annual gold production from the expanded KGP is expected to be in the order of 150,000 ounces.

 

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HIGHLIGHTS

• The Capricorn board has approved the expansion of the Karlawinda Gold Project
(KGP), targeting an annual gold production of 150,000 ounces
• Production target based solely on existing proved and probable ore reserves1
• Post expansion all-in sustaining cost of production targeted in the order of $1700
per ounce
• Production upgrade driven by installation of a new three-stage crush and ball
mill circuit to increase total processing capacity to 6.5Mtpa
• Total capital investment of $120 million with a 20-month payback3
• Targeting completion of construction of expanded plant by Q4FY26
• Long lead procurement and detailed process plant engineering has commenced
• Mining and mill feed for the expanded plant will be focussed on a run of mine ore
supply, minimising the very significant life of mine stockpile rehandle cost
• Expansion increases processing flexibility and free cash flow with only an
incremental contractor mining fleet and earthmoving volume increase
• KGP mine life remains 10 years with significant further potential to increase MRE
and ORE down dip of current inventories.

 

 

 

 

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Capricorn Executive Chairman Mark Clark commented:

“The Board’s approval of KGP’s expansion reflects the quality and simplicity of the operation and the optionality that comes from increasing reserves and mine life with targeted resource drilling.

 

“Capricorn’s strong technical team have delivered an expansion study that will allow the Company to continue to maximise returns from the operation.

 

“KGP is a long-life, low-cost gold mine, and the strong financials associated with the expansion strengthen our belief that KGP will continue to generate industry-leading cash flows for years to come.

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“The execution of the Karlawinda Expansion Project and development of Mount Gibson will see Capricorn enter the very limited space of companies having all Australian based gold production exceeding 300,000 ounces per annum and low-cost gold reserves in excess of three million ounces.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

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

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American Creek Resources Announces Mailing of Meeting Materials

American Creek  (TSX.V: AMK)

Announced that its management information circular and related meeting materials were mailed today, October 31, 2024, for its annual general and special meeting of the Company’s shareholders to approve, a statutory plan of arrangement involving American Creek and Cunningham Mining Ltd.

 

 

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American Creek Treaty Creek map

American Creek Resources – Treaty Creek

 

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$148 m   @ 33c
Location Golden Triangle, B.C.
Website www.americancreek.com

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American Creek Resources Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Plan of Arrangement with Cunningham Mining

     

     

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    Cardston, Alberta–(Newsfile Corp. – October 31, 2024) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF)(the “Company” or “American Creek“) announces that its management information circular (the “Circular“) and related meeting materials were mailed today, October 31, 2024, for its annual general and special meeting (the “Meeting“) of the Company’s shareholders (the “Shareholders“) to approve, amongst other things, a statutory plan of arrangement (the “Arrangement“) involving American Creek and Cunningham Mining Ltd. (the “Purchaser“) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (“BCBCA“).

    The Arrangement is subject to the terms and conditions of an arrangement agreement (the “Arrangement Agreement“) summarized in the Company’s September 6, 2024 news release and more particularly described in the Circular.

    Under the terms of the Arrangement Agreement, among other things, the Purchaser will acquire all of the issued and outstanding common shares of American Creek at a price of $0.43 per share.

    The Circular and related Meeting materials have been publicly filed by American Creek under its issuer profile on SEDAR+ at www.sedarplus.ca.

    Prior to entering into the Arrangement Agreement, the board of directors of the Company unanimously determined that the Arrangement is fair to all securityholders of the Company (Shareholders, warrantholders and optionholders) and that the Arrangement and the entering into of the Arrangement Agreement were in the best interests of the Company.

    The board of directors of the Company recommends that Shareholders vote FOR the Arrangement.

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    The Meeting

    The Meeting will be held on Wednesday, November 27, 2024 at 17:00 UK time, (10.00  Vancouver Time) at 5th Floor, 410 West Georgia Street, Vancouver, British Columbia.

    At the Meeting, in addition to the typical general meeting items of business, Shareholders will be asked to consider, and, if deemed advisable, pass, with or without amendment, a special resolution of the Shareholders to approve the Arrangement (the “Arrangement Resolution“).

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    To read the full news release please click HERE

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    The live gold price can be found HERE

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    City Investors Circle is based in the financial district in the City of London

    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 American Creek

    .

    To read our full terms and conditions, please click HERE



    Market Review for October 2024 Published

    Market Review for October 2024 Published

    The Review featured comments on Ora Banda Mining, Calibre Mining, Capricorn Metals, and G MIning Ventures.

    The highlighted company is Cornish Metals.

     

     

     

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    Ora Banda

     

     

    City Investors Circle Market Review October 2024

     

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    Market Review for October 2024 Published

    The Review featured coments on Ora Banda Mining, Calibre Mining, Capricorn Metals, and G Mining Ventures.

    The highlighted company is Cornish Metals.

    The Review updates on the atest situations in the markets for stocks and metals, and has a feature on mining ETFs, and why they represent a safer opportunity to invest for inexperienced investors in the mining sector.

    To read the Market Review for October 2024, please click here

     

    To receive future copies of the Review and invitations to our free to attend company presentations, please mail andrew@city-investors-circle.com

    ‘ 

    Live metal prices prices can be found HERE

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    =======

     

    City Investors Circle is based in the financial district in the City of London

    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 shares in some of the companies mentioned.

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    To read our full terms and conditions, please click HERE

     



    Gold Road Issues an Updated Corporate Presentation

    Gold Road (ASX: GOR)

    Published a new corporate Presentation showing the recovery from the rain event earlier this year, and a strong September quarter.

     

     

     

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    Gold Road

    Gold Road Gruyere Mine

     

     

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    Gold Road ASX : GOR
    Stage Production   (50% JV)
    Metals Gold
    Market cap A$2.14 Billion   @ A$1.97
    Location Laverton, Western Australia
    Website www.goldroad.com.au

     

     

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    Gold Road Issues an Updated Corporate Presentation

     

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    Gold Road (ASX: GOR) published a new corporate Presentation showing the recovery from the rain event earlier this year, and a strong September quarter.

    The presentation can be viewed HERE

     

    Highlights

    The company reported strong quarterly results with a 10% increase in gold production at Gruyere, totalling 68,781 ounces for the September quarter.

    This uplift comes as the joint venture with Gold Fields ramps up operations in the Stage 3 and 4 pits, with forecasted production at the lower end of the 290,000 – 305,000 oz Au guidance range for 2024.

    The only small downside was that AISC rose to $2,551 per ounce, from the June quarter figure of $2,441 per ounce. With the gold price in Australian dollars around A$4,200 this is not a real concern, but compared to peers the costs still look a tad high.

     

     

    Gold Road CEO Duncan Gibbs said,

    “Our team has worked tirelessly to enhance productivity, and these efforts are beginning to reflect in our quarterly results.

     

    “The Gruyere operation is well-positioned to meet its annual production targets.”

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    To read the full news release please click HERE

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    The live gold price can be found HERE

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    .

    City Investors Circle is based in the financial district in the City of London

    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 Gold Road Resources

    .

    To read our full terms and conditions, please click HERE



    Capricorn Metals Reports Positive Q1 Production

    Capricorn Metals (ASX: CMM)

    Reported Karlawinda Gold Project Q1 gold production of 25,559 ounces (Q4: 26,835oz) at an all-in-sustaining cost of $1,647 per ounce (Q4: $1,548 per ounce) was in line with expectations as per the FY25 mine plan.

     

     

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    Capricorn Metals Karlawinda Mine

    Capricorn Metals Karlawinda Mine

     

     

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    Capricorn Metals ASX: CMM
    Stage Production, development, exploration
    Metals Gold
    Market cap A$2.2.41 B  @A6.38
    Location Western Australia
    Website www.capmetals.com.au

     

    28 October 2024
    ASX:CMM

     

    Capricorn Metals – ACTIVITIES REPORT SEPTEMBER 2024 QUARTER

    KGP OPERATIONS

    • Karlawinda Gold Project (KGP) Q1 gold production of 25,559 ounces (Q4: 26,835oz) at an all-in-sustainingcost of $1,647 per ounce (Q4: $1,548 per ounce) was in line with expectations as per the FY25 mine plan.

    AISC is expected to decline in the coming quarters as earthmoving volumes reduce and production increases in line with the mine plan.

    • KGP is on track to achieve FY25 guidance of 110,000 – 120,000 ounces at an AISC of $1,370 – $1,470 per ounce.
    • Strong cash flow generation from operations continues with $38.0 million in Q1 (Q4: $40.4m).
    • Total material mined from the Bibra open pit increased 17% from Q4. Planned pit face positions achieved by end of Q1, delivering larger working areas and facilitating great productivity for the balance of FY25.
    • Gold recovery rates have stabilised at the budgeted rate of 91.9% (Q4: 89.1%) following the commissioning of liquid oxygen and lead nitrate facilities.

     

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    CORPORATE

    • Underlying profit after tax of $87.1 million reported for FY24 was in line with the FY23 result of $85.8 million.
    • Cash and gold on hand at the end of Q1 was $144.6 million (Q4: $125.0m) reflecting a cash build of $24.1 million (Q4: 24.6m) before the discretionary capital expenditure at the Mt Gibson Gold Project (MGGP) of $4.5 million (Q4: $7.8m).
    • Gold sales of 22,285 ounces at an average price of $3,729 per ounce generated $83.1 million in revenue with a further 4,656 ounces of gold on hand at the end of Q1 valued at $18.0 million (Q4: 1,453oz).

     

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    MGGP DEVELOPMENT

    • Installation of the 400-room accommodation village for the operation continued with all buildings for the camp now in place and associated services being installed. Construction is on target to be completed in CY24 with partial occupation planned to commence soon after.

    Total spend to date of $23.9 million on construction works is an early spend of the $260 million MGGP capital budget and a strategic decision to compress the ultimate construction timeframe.

    • Tender responses were received during the quarter for mining services, power supply and process plant design contracts. Final evaluations are underway with awards for these critical path scopes planned in Q2.
    • The Company received advice from the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW) relating to the assessment of the MGGP referral. The guidelines for the Public Environment Report (PER) to be submitted for referral were received and have been incorporated into the final work streams being completed.

    Field surveys were completed in the quarter, reporting is underway with submission of the PER planned for late Q2.

     

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    RESOURCE AND RESERVE UPDATE

    • Updates to the MGGP ORE and MRE are planned for later in Q2, showing the continued strong organic growth potential of the project. The ORE and MRE currently stand at 1,834,000 ounces and 3,305,000 ounces, respectively.
    • KGP Ore Reserve Estimate (ORE) increased by 15% to 1,428,000 ounces (2023: 1,247,000 ounces), an increase of 333,000 ounces (27%) after accounting for mining depletion.
    • KGP expansion study to be finalised in Q2. Potential to increase throughput (currently 4.5mtpa) by 2 – 2.5mtpa underpinned by the recent increase in ORE.
    • KGP Mineral Resource Estimate (MRE) increased by 1% to 2,252,000 ounces (2023: 2,228,000 ounces), an increase of 176,000 ounces after (8%) after accounting for mining depletion.
    • Capricorn group ORE now stands at 3,262,000 ounces, while the group MRE is 5,557,000 ounces

    .

    To read the full news release please click HERE

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    The live Spot gold price can be found HERE

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    =======

     

    City Investors Circle is based in the financial district in the City of London

    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

    .



    G Mining Files Oko West 43-101 Report

    G Mining Ventures  (TSX: GMIN)

    Has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects Preliminary Economic Assessment technical report for GMIN’s Oko West gold project in Guyana, with an effective date of September 4, 2024.

     

     

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    G Mining

     

     

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    G Mining Ventures TSX: GMIN
    Stage Development + Exploration
    Metals Gold
    Market cap C$2.72 billion @ C$12.67
    Location  Tapajos, Para State, Brazil
    Website www.gminingventures.com

     

     

     

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    G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana

     

     

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    BROSSARD, QC, October 15, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) today announced that the Corporation has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Preliminary Economic Assessment (“PEA”) technical report for GMIN’s 100% owned Oko West gold project in Guyana, with an effective date of September 4, 2024 (the “Report”).

     

    Report results were previously announced in GMIN’s news release dated September 9, 2024.

    G Mining Services Inc. was responsible for the overall Report and PEA coordination, property description and location, accessibility, history, mineral processing and metallurgical testing, mineral resource estimation, mining methods, recovery methods, project infrastructures, operating costs, capex, economic analysis and project execution plan.

     

    The Qualified Persons (“QPs”), as defined under NI 43-101, are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs; Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs; Christian Beaulieu, MSc, P. Geo, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate; Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis; and Derek Chubb, P. Eng., of ERM Consultants Canada Ltd., is responsible for the environment and permitting aspects.

    The Report is available on SEDAR+ (www.sedarplus.ca) and on GMIN’s website (www.gmin.gold).

    .

    To read the full news release, please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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.

    .

    To read our full terms and conditions, please click HERE



    Capricorn Metals Announce a Positive Exploration Update

    Capricorn Metals (ASX: CMM)

    Issued a positive exploration update for their two gold projects at Karlawinda and Mt. Gibson, both located in Western Australia.

     

     

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    Capricorn Metals

    Capricorn Metals projects location map

     

     

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    Capricorn Metals ASX: CMM
    Stage Production, development, exploration
    Metals Gold
    Market cap A$2.2.41 B  @A6.38
    Location Western Australia
    Website www.capmetals.com.au

    .

    Capricorn Metals QUARTERLY EXPLORATION UPDATE

     

    Capricorn Metals (ASX: CMM) issued a positive exploration update for their two gold projects at Karlawinda and Mt. Gibson, both located in Western Australia.

    Highlights

     

    Mt Gibson Gold Project (MGGP)

    • A further 22,737 metres (92 holes) of resource extension, regional exploration and mine development drilling were completed across the MGGP during the September 2024 quarter (Q1).
    • Assays received from 76 resource definition holes (13,676 metres) since the last update in July 2024 continue to return exceptional results, both within and extensional to the resource including:
    • 26 metres @ 4.06g/t from 206 to 232m* • 34 metres @ 3.03g/t from 264 to 298m*
    • 22 metres @ 4.46g/t from 221 to 243m • 33.10 metres @ 2.99g/t from 197.90 to 231m
    • 7 metres @ 9.24g/t from 264 to 271m* • 21 metres @ 2.03g/t from 264 to 285m*
    * intercept is outside of current resource pit shell

     

    A further update to the MGGP ORE and MRE is planned for completion in Q2.
    • Of the planned 6,696-metre diamond drilling programme (27 holes), 5,618 metres were completed under the Orion and Lexington pits. Broad, high-grade gold intercepts demonstrated that mineralisation extends significantly at depth, highlighting the potential for an underground mining operation.

     

    .

    Encouraging results were returned including:

    • 1.23 metres @ 95.00g/t from 264 to 265.23m* • 3 metres @ 26.27g/t from 260 to 263m
    • 13.69 metres @ 5.33g/t from 396.31 to 410m* • 11.81 metres @ 6.06g/t from 209 to 220.81m
    • 26 metres @ 2.47g/t from 405 to 431m* • 4 metres @ 14.05g/t from 269 to 273m*
    • 4.19 metres @ 11.19g/t from 465.43 to 469.62m* • 6 metres @ 6.28g/t from 209 to 215m
    * intercept is outside of current resource pit shell

    A follow up diamond drill program is planned to commence in Q3 to further investigate underground mine potential and a maiden underground MRE.
    • A total 2,598 metres of reverse circulation (RC) drilling (17 holes) were completed at the Capricorn deposit along strike of the previously mined Wombat Open Pit and Underground deposit. Significant results have been received, both within and extensional to the current resource, with mineralisation remaining open
    down dip and along strike.

     

    Best results including:

    • 21 metres @ 5.38g/t from 116 to 137m • 5 metres @ 8.70g/t from 49 to 54m
    • 4 metres @ 10.17g/t from 192 to 196m* • 8 metres @ 5.03g/t from 57 to 65m
    • 15 metres @ 2.17g/t from 132 to 147m* • 6 metres @ 3.05g/t from 185 to 191m*
    * intercept is outside of current resource pit shell

    .
    Further extensional drilling is planned for an update to the MRE and a maiden ORE at Capricorn.

    Karlawinda Gold Project (KGP)

    • 24,063 metres of drilling during FY24 at the KGP delivered a 15% increase in the Ore Reserve Estimate
    (ORE) to 1,428,000 ounces of gold (up from 1,247,000 ounces), an increase of 333,000 ounces (27%)
    after accounting for mining depletion (refer to the ASX announcement dated 1 August 2024).
    • An RC drilling programme was completed in Q1 across the Bibra and Berwick deposits, totalling 1,380
    metres (11 holes). Results are expected in Q2.
    • A 7,520-metre (154 holes) aircore (AC) program was completed at the Mumbakine Well project area, with
    composite results identifying a low-level gold anomaly along the Central Lode, extending the mineralised
    strike length to 2 kilometres.
    • An 8,500-metre follow up RC programme commenced late in Q1 at Central Zone, aiming to extend significant mineralisation reported in Q2 FY24, both along strike and down dip. Results are expected in Q2.
    • At the Carnoustie East prospect, a broad-spaced AC drilling program totalling 4,061-metre (55 holes) was completed, targeting multiple gravity-high anomalies identified along magnetic corridors in proximity to known gold occurrences. Anomalous Au results were received with follow-up drilling planned.

     

    .
    Mt Gibson Gold Project

    Exploration activities at the MGGP during Q1 focussed on progressing extensional and infill resource drilling which commenced in January 2022, along with near-mine exploration drilling at prospects immediately adjacent to the Mt Gibson trend.

    A total of 92 holes, covering 22,737 metres, were drilled for resource extension, regional
    exploration, and mine development during Q1. .

    .

    .

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

     

    City Investors Circle is based in the financial district in the City of London

    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

    .



    Pacgold drilling “Progressing Well”

    Pacgold (ASX: PGO)

    The Queensland focused gold explorer, is pleased to announce progress for the aircore drill campaign at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland. 

     

     

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    Pacgold

    Pacgold Alice River drilling 11th August 2022

     

     

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    Pacgold ASX : PGO
    Stage Exploration
    Metals Gold
    Market cap A$9.2m   @A$ 9c
    Location Queensland, Australia
    Website www.pacgold.com.au/

     

     

     

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    Pacgold drilling “Progressing Well”

     

     

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    Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’), Queensland focused gold explorer, is pleased to announce progress for the aircore drill campaign at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

    The drilling contractor has completed 127 drillholes, consistently averaging 200-250m per day. The first batch of samples has been dispatched to the lab for assays with results expected back in mid-November.

    Aircore drilling progressing well – Alteration and quartz veining identified in holes to date

     

    .

    HIGHLIGHTS

    • 127 aircore holes completed to date, with rig achieving 200-250m per day, on target
    to complete programme by mid-November
    • Visible quartz veins and alteration in drill chips coincident with IP resistivity anomaly
    and known mineralised trend at Northern Target1
    • First batch of samples dispatched to laboratory for analysis, with results expected in
    2-3 weeks.
    • Two new geologists and full field crew on site, with a camp expansion currently
    underway
    • Reverse Circulation (RC) drill rig to be mobilised to site in next 10 days

     

     

    Pacgold’s Managing Director, Matthew Boyes, commented:

    “The drill campaign is going very well, with a full field team now on site steadily working through the programme.

     

    “Our first batch of samples has now been submitted for analysis and we expect the first results in a few weeks’ which will form the basis for the ongoing RC drill planning and exploration programme development for the next field season.

     

    “The geologists are pleased with what they are seeing in terms of the location of the veining and alteration fitting the previously developed targeting models and expanding on the known areas of mineralisation.

     

    “I believe this Aircore programme will delineate significant new areas for drill testing with
    RC in 2025 and beyond”

     

    1 Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the
    factor of principal economic interest. 

    .

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

    City Investors Circle is based in the financial district in the City of London

    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 Pacgold.

    .



    Thesis Gold Drills 8 Metres of 11.39 GPT Gold Equivalent

    Thesis Gold (TSX.V: TAU)

    Announced assay results from the 2024 drill program at Lawyers-Ranch, located in the prolific Toodoggone Mining District of northern British Columbia.

    Results from the 2024 drill program successfully confirmed high-grade, near-surface mineralization, while deeper intercepts confirmed modelled stopes and point to the potential for expanding the underground mining scenario with future drill campaigns.

     

     

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    Thesis Gold

     

     

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    Thesis Gold TSX.v : TAU
    Stage Exploration
    Metals Gold
    Market cap C$184 m   @94 cents
    Location British Columbia, Canada
    Website thesisgold.com

     

     

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    Thesis Gold Drills 8.00 Metres of 11.39 Grams per Tonne Gold Equivalent

    Vancouver, British Columbia–(Newsfile Corp. – October 23, 2024) – Thesis Gold Inc. (TSXV: TAU)(WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to announce assay results from the 2024 drill program at Lawyers, part of the 100% owned Lawyers-Ranch Project, located in the prolific Toodoggone Mining District of northern British Columbia.

    The recently completed, positive PEAoutlined a 90% Measured and Indicated potentially mineable resource.

    Consequently, the 2024 drill program was strategically focused on infilling, upgrading and potentially expanding the most impactful of the 10% inferred ounces by targeting those that could significantly contribute to the upcoming Prefeasibility Study (PFS) planned for late 2025.

    Results from the 2024 drill program successfully confirmed high-grade, near-surface mineralization, while deeper intercepts confirmed modelled stopes and point to the potential for expanding the underground mining scenario with future drill campaigns. These results will be incorporated into the upcoming Prefeasibility Study (PFS), which is expected to further define project economics and resource classification.

     

    .

    2024 Drill Highlights

    • 4100 metres (m) of drilling at Lawyers focused on resource infill and upgrading, both near surface and at depth.
    • Shallow, high-grade gold and silver mineralization:
      • 24CCDD001 intersected;
        • 22.62 metres (m) of 1.16 grams per tonne (g/t) gold (Au) and 47.08 g/t silver (Ag), or 1.75 g/t gold equivalent** (AuEq),including,
        • 7.00 m of 3.17 g/t Au and 123.54 g/t Ag, or 4.72 g/t AuEq.
      • 24CCDD003 intersected;
        • 8.00 m of 7.29 g/t Au and 327.75 g/t Ag, or 11.39 g/t AuEq, including,
        • 2.00 m of 16.23 g/t Au and 866.00 g/t Ag, or 27.05 g/t AuEq.
        • An additional interval of3.07 m intersected 6.69 g/t Au and 189.27 g/t Ag, or 9.05 g/t AuEq.
    • Deeper intercepts confirmed and expanded modelled underground stopes:
      • 24CCDD005 intersected;
        • 4.89 m of 3.82 g/t Au and 119.76 g/t Ag, or 5.31 g/t AuEq, including,
        • 0.39 m of 19.30 g/t Au and 791.00 g/t Ag, or 29.19 g/t AuEq.
      • 24CCDD006 intersected;
        • 10.16 m of 0.90 g/t Au and 25.00 g/t Ag, or 1.21 g/t AuEq, including,
        • 2.00 m of 4.56 g/t Au and 141.00 g/t Ag, or 6.32 g/t AuEq.
      • 24DRDD001 intersected;
        • 6.00 m of 0.69 g/t Au and 224.17 g/t Ag, or 3.49 g/t AuEq, including,
        • 2.00 m of 0.58 g/t Au and 448.00 g/t Ag, or 6.18 g/t AuEq.
    • The shallow, high-grade intercepts have the potential to upgrade near-surface resources and enhance the economics of the open-pit scenarios outlined in the PEA. In addition, the deeper intervals support further expansion of underground resources, extending the mine life and creating new opportunities for resource growth.

     

    .

    .

    Dr. Ewan Webster, President and CEO, commented,

    “These latest drill results are extremely encouraging, as they both continue to validate the high-grade potential near surface and confirm continuity of mineralization at depth.

     

    “The shallow, high-grade gold and silver intercepts provide an excellent opportunity to enhance the open-pit scenario, while the deeper intervals align well with the underground stopes outlined in the PEA.

     

    “With silver prices trending upwards, the substantial silver content in these intercepts provides a meaningful tailwind to the project’s economics, complementing the already projected 4 million+ ounces of average annual silver production outlined in the PEA.

     

    “This progress is a key step in de-risking the project as we move toward our Pre-Feasibility Study in 2025.”

    .

    ——-

     

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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 Thesis Gold.

    .



    BPM Minerals Drill Results Extend the Louie Gold Discovery

    BPM Minerals (ASX: BPM)

    Announced final assay results from the second round of drilling at the Louie Gold Discovery within the Claw Project in Western Australia.

     Significant assay results include:  CAC186 – 25m @ 1.27 g/t Au (from 29m) including 2m @ 11.63 g/t Au (from 29m).

     

     

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    BPM MInerals

     

     

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    BPM Minerals ASX: BPM
    Stage Exploration
    Metals Gold
    Market Cap A$5.6 m  @ A$ 8c
    Location Western Australia
    Website www.bpmminerals.com

     

     

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    BPM MInerals Further Assay Results Extend the Louie Gold Discovery

     

    .

    BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to announce final assay results from the second round of drilling at the Louie Gold Discovery within the Claw Project in Western Australia.

     

    • Significant assay results include:
    • CAC186 – 25m @ 1.27 g/t Au (from 29m) including 2m @ 11.63 g/t Au (from 29m)
    • CAC223 – 10m @ 1.12 g/t Au (from 50m)
    • CRC010 – 8m @ 0.95 g/t Au (from 94m) including 4m @ 1.64 g/t Au (from 97m)
    • CAC213 – 3m @ 2.46g/t Au (from 45m)
    • CAC194 – 7m @ 0.83 g/t Au (from 41m) inc. 3m @ 1.45 g/t Au (from 41m)
    • Assay results define a 600m high-grade core at Louie consisting of multiple >1g/t Au assays including holes finishing in mineralisation lying within a 1,000m long, >100ppb Au gold in regolith anomaly.

    • Planning for a 2,500m RC drilling program at Louie is underway, targeting the high-grade gold mineralisation at depth.
    • Louie is located immediately south along strike of Capricorn Metals’ (ASX: CMM) 3.24Moz @ 0.8 g/t Mount Gibson Gold Project , giving BPM a prime opportunity within a proven gold corridor.
    • Louie lies on the northern end of an ~8km long, highly prospective corridor that extends south to the Chickie Prospect. BPM intends to aggressively explore this underexplored corridor with aircore drilling planned for 2025.
    • An additional 20km’s of prospective strike to be unlocked through fast-tracking of a new tenement application followed by aero-magnetic and soil sampling programs.

    • A recent $1.675m placement was completed to drive exploration at the project.
    Fig. 1 – MGGP-Claw Project Schematic Long-Section

     

    Commenting on the drilling BPM CEO Oliver Judd:

    “We are excited about the final assay results from our second round of air core drilling at the Louie greenfields gold discovery.

     

    “Multiple holes have delivered over 1 g/t Au results, and several finishing in mineralisation near the standout discovery hole CAC186 – exactly what we wanted to see.

     

    “We’re gearing up to test this discovery at depth with RC holes later this year. We are in a well-endowed gold environment lying immediately along strike from Mount Gibson, WA’s next gold mine in a ‘gold bull market’.

     

    “Mt Gibson’s a 0.8 g/t resource so we’re highly encouraged to see multiple comparable intercepts in this early-stage drilling.

    “”Environmental and heritage surveys are already underway or scheduled for the regional Aircore program, where we have ~20km of untested strike to explore, a rarity in the WA gold space.

     

    “We’re fully funded after the recent $1.675m placement allowing us to aggressively explore the project. Investors can expect a steady stream of updates over the year as we advance the Louie Discovery and the broader project, which we believe has the potential to host multiple gold deposits.”

     

    The Louie Prospect is located on the northern border of the Claw Project area immediately south along strike of a series of significant gold resources (Sheldon-Deep South-Gunslinger) and the recent high-grade Sundance gold discovery (16m @ 17.16 g/t and 15m @ 18.56 g/t Au3,7) made earlier in 2024. These gold deposits make up
    the current southern extent of CMM’s MGGP.

    ,

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

    City Investors Circle is based in the financial district in the City of London

    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 BPM MInerals

     

     

    .

    To read our full terms and conditions, please click HERE



    American Creek Acquirer Receives Sprott Token Investment

    American Creek (TSX.V: AMK)

    Further to the press release of American Creek Resources Ltd. dated today, Eric Sprott announces that 2176423 Ontario Ltd., a company which Mr. Sprott beneficially owns, has entered into a support and voting agreement with Cunningham Mining Ltd. in connection with Cunningham Mining’s proposed acquisition of all of the issued and outstanding common shares of American Creek.

     

    American Creek

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    .

    American Creek TSX.v : AMK
    Stage Exploration
    Metals Gold
    Market cap C$126 m   @ 28c
    Location Golden Triangle, B.C.
    Website www.americancreek.com

    .

    Eric Sprott Announces Voting Support Agreement for Cunningham Mining Ltd.’s Proposed Acquisition of American Creek Resources Ltd

     

    .

    September 06, 2024 3:52 PM EDT | Source: Eric Sprott

    Toronto, Ontario–(Newsfile Corp. – September 6, 2024) – Further to the press release of American Creek Resources Ltd. dated today, Eric Sprott announces that 2176423 Ontario Ltd., a company which Mr. Sprott beneficially owns, has entered into a support and voting agreement with Cunningham Mining Ltd. in connection with Cunningham Mining’s proposed acquisition (Transaction) of all of the issued and outstanding common shares of American Creek (Shares).

    Under the terms of the arrangement agreement dated September 5, 2024 between American Creek and Cunningham Mining, holders of Shares will receive $0.43 per Share in an all-cash transaction.

    Mr. Sprott, through 2176423 Ontario, holds 65,000,000 Shares representing approximately 14.5% of the outstanding Shares.

    Mr. Sprott holds the Shares for investment purposes and to support the Transaction and, depending on market or other conditions, may acquire additional securities of American Creek.

    If the Transaction does not proceed and/or the support and voting agreement is terminated, Mr. Sprott may acquire additional securities of American Creek including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

    American Creek is located at 92 – 2nd Ave. West, Cardston, Alberta T0K 0K0. A copy of 2176423 Ontario’s early warning report will appear on American Creek’s profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, Ontario M5C 3C5).

    To read the full news release please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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 American Creek

    .

    To read our full terms and conditions, please click HERE



    Thesis Gold Files Updated PEA for Lawyers-Ranch Project

    Thesis Gold (TSX.V: TAU)

    Announced the Company has filed on SEDAR+ an updated Preliminary Economic Assessment technical report  for its wholly owned Lawyers-Ranch Project located in British Columbia, Canada. 

    This updated PEA supersedes the previously filed Lawyers-only PEA (effective date September 9, 2022).

     

     

    .

    Thesis Gold

     

     

    .

     

     

    Thesis Gold TSX.v : TAU
    Stage Exploration
    Metals Gold
    Market cap C$184 m   @94 cents
    Location British Columbia, Canada
    Website thesisgold.com

    .

    Thesis Gold Files Updated PEA for Lawyers-Ranch Project

    Vancouver, British Columbia — (October 16, 2024) – Thesis Gold Inc.(“Thesis” or the “Company”) (TSX.V: TAU| WKN: A3EP87 | OTCQX: THSGF) is pleased to announce the Company has filed on SEDAR+ an updated Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its wholly owned Lawyers-Ranch Project located in British Columbia, Canada.

    This updated PEA supersedes the previously filed Lawyers-only PEA (effective date September 9, 2022).

    The Report, entitled “Updated Preliminary Economic Assessment for the Lawyers-Ranch Project and Property” was independently prepared by JDS Energy & Mining Inc. of Vancouver, British Columbia, Canada in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has an effective date of August 30, 2024.

     

    .

    The updated PEA results support a 12,600 tonnes per day open pit mining operation over a 14-year mine life. Highlights include:

    • Strong Economics: Pre-tax internal rate of return (“IRR”) of 46.0%, pre-tax net present value at a 5% discount rate (“NPV5%”) of C$1.99 billion, after-tax IRR stands at 35.2%, and an after-tax NPV5% of C$1.28 billion, using US$1,930 per ounce of gold and US$24 per ounce of silver (see Table 1).
    • Gold Price Sensitivity: The project remains robust at a wide range of gold prices from US$1,750 to US$2,500 with after-tax IRR of 28.8% to 52.8% (see Table 2).
    • Increased Production: The 2024 PEA saw a considerable increase in production versus the previous (2022) PEA with a 32% increase in annual average production to 215,000 gold-equivalent (“AuEq”*) ounces, including an average 273,000 gold-equivalent ounces annually over the first three years, and a 55% increase in Life-of-mine (“LOM”) production to 3.0 milliongold-equivalent ounces, extending mine life to over 14 years.
    • Low AISC: LOM all-in sustaining cash cost (“AISC”) of US$1,013 per ounce of gold equivalent.
    • Quick Payback: The project offers a quick after-tax payback of 2.0 years, a 29% decrease compared to the previous (2022) PEA.
    • Capex: Initial capital expenditure is estimated at C$598.4 million, with a compelling after-tax NPV5% to initial capital ratio of 2.1:1.
    • Project Upside: Significant Mineral Resource growth potential remains across both Lawyers and Ranch projects. The underground Mineral Resource at Lawyers is still open for expansion at depth, while Ranch Mineral Resource zones also remain open. Additionally, there are over 20 unexplored targets that hold potential for further discoveries.

     

     

    .

    The PEA and summary above, is preliminary in nature and includes the use of inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable then to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

     

    More details can be found on Thesis’news release announcing the updated PEA dated September 5, 2024.

    The PEA is available on SEDAR+ and Thesis’ website www.thesisgold.com.

    AuEq* = Au + Ag/87

    .

    ——-

     

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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 Thesis Gold.

    .



    Mining Review 20th October 2024

    Mining Review 20th October 2024

    A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,720.

     

     

    .

    Westgold

     

     

    City Investors Circle Mining Review 20th October 2024

     

    .

    A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,722, due to political turmoil and US rate cut expectations.

    Industrial metals trended downward in a week where the precious metals rose.

    The gold / silver ratio fell to 80 as silver is currently outperforming gold due to its industrial applications.

    Looking at our watchlist companies, there were mixed news releases. 

    Orla Mining and Westgold had three positive news releases beteen them to start the week, and then just as the higher gold price was maintaining an optimistic mood, Calibre Mining released poor production figures, and then West Red Lake Gold Mines announced another discounted fundraising, crashing the shareprice.

    News from all our main watchlist companies is below, click the lin to be taken to the full story.

      West Red Lake Gold Mines Raised Further Funds

      Calibre Announces Q3 & Year to Date 2024 Gold Production

      Cartier cuts a high-grade gold system with 14.7 g/t Au over 4.3 m

      Orla Mining Repays Revolving Credit To Become Debt-Free

      Westgold Announced Record Prodution Post Merger

      Orla Mining Announced a Positive Production Update

      Mining Review 13th October 2024

    .

    .

    Click here for all company news archives

    .

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    .

    Metal Prices Price Weekly % change
    Gold price in UK £ £2086 2.41%
    Gold 2722 2.45%
    Silver 33.74 5.83%
    Palladium 1086 1.59%
    Platinum 1023 2.79%
    Rhodium 4775 0%
    Copper 4.25 -1.39%
    Nickel 7.54 -3.08%
    Zinc 1.36 -0.73%
    Tin 14.2 -3.79%
    Cobalt 10.88 0.09%
    Manganese 2.94 -1.34%
    Lithium 9774 -4.03%
    Uranium 83.3 -0.12%
    Iron Ore 104.1 -1.61%
    Coking Coal 205 -1.91%
    Thermal coal 147.3 -1.34%
     
     
    Metal ETFs Price Weekly % change
    GLD 251.27 2.14%
    GDX 43.15 7.74%
    GDXJ 53.87 8.54%
    Sil 39.34 8.08%
    SILJ 14.49 8.87%
    GOEX  (PCX) 35.07 4.59%
    URA 32.8 9.33%
    COPX  45.81 -2.22%
    HUI  344.56 7.93%
    Gold / Silver ratio 80.68 -3.20%

     

    .

    /

    #

    .

    .=======

    .

    City Investors Circle is based in the financial district in the City of London

    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.

    .

    .

    To read our full terms and conditions, please click HERE



    West Red Lake Gold Raise Further Funds

    West Red Lake Gold Mines (TSX.V: WRLG)

    Announced it has agreed with Raymond James Ltd., to increase the size of its previously announced bought-deal financing.

    West Red Lake will now issue 36,232,000 units of the Company at a price of C$0.69 per Unit for gross proceeds of C$25,000,080.

     

     

    .

    West Red Lake Gold Mines

     

     

    .

     

     

    .

    West Red Lake Gold Mines TSX.V : WRLG
    Stage Exploration / Development
    Metals Gold
    Market cap C$186 m   @ 69 cents
    Location Ontario, Canada
    Website www.westredlakegold.com

     

    Comment

    For a company that have always promoted themselves as buying the project for next to nothing, (which is true of course, the mill cost $400 million to build, they paid pennies on the dollar), the perpetual raising of new money is disappointing.

    My view is this will be followed by another raise when the mine is ready to start, and the market seems to agree with me that this raise is disappointing after the previous financing raised so much for a company ready to switch the mill back on.

    They have promised a lot promotionally, now they have to deliver.

    I may take the opportunity to top up if they fall any further, and tax loss selling is coming soon, so there may be opportunities at that point.

    .

    =======

     

    West Red Lake Gold Raise Further Funds to “prepare for mining”

     

    .

    West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce, it has agreed with Raymond James Ltd., to increase the size of its previously announced bought-deal financing.

    West Red Lake will now issue 36,232,000 units of the Company (“Units”) at a price of C$0.69 per Unit for gross proceeds of C$25,000,080 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) and one common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.90 for a period of 36 months following the closing of the Offering.

    The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering, for additional gross proceeds to the Company of up to C$3,750,012, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters’ discretion, and shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.

    In all other respects, the terms of the Offering and use of proceeds there from will remain as previously disclosed in the original press release dated October 24, 2024.

    .

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

    City Investors Circle is based in the financial district in the City of London

    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 West Red Lake Gold Mines.

    .

    To read our full terms and conditions, please click HERE



    Calibre Announces Q3 & Year to Date 2024 Gold Production

    Calibre Mining (TSX: CXB)

    Announced operating results for the three months (“Q3”) and nine months (“YTD”) ended September 30, 2024, updated 2024 guidance and an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada.

     

     

    /

    Calibre Mining

     

     

    .

     

     

    .

    Calibre Mining TSX: CXB
    Stage Production, development, exploration
    Metals Gold
    Market cap C$2 Billion @ C$2.59
    Location Canada, Nicaragua, USA
    Website www.calibremining.com

    .

    Calibre Announces Q3 & Year to Date 2024 Gold Production; Revises 2024 Guidance With Q4 Expected to Be the Strongest Production of the Year; Valentine Remains Fully Funded and On Track for Q2, 2025 Gold Production

    .
    Oct 18, 2024
    View PDF

    VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) announces operating results for the three months (“Q3”) and nine months (“year to date” or “YTD”) ended September 30, 2024, updated 2024 guidance and an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada. 

    Calibre will host a conference call to discuss its Q3 operating results, revised full year guidance, and Valentine update this morning, October 18, 2024 at 10 am ET. To view the live webcast of the conference call, please click here . All figures are expressed in U.S. dollars unless otherwise stated.

    .

    .

    Q3 & YTD 2024 Production and Preliminary Cost Results

    • Consolidated Q3 gold sales of 46,076 ounces; Nicaragua 36,427 ounces and Nevada 9,649 ounces:
      • Consolidated Q3 Total Cash Cost 1 (“TCC”) of $1,580/oz: Nicaragua $1,615/oz and Nevada $1,451/oz; and
      • Consolidated Q3 All-In Sustaining Cost 1 (“AISC”) of $1,946/oz: Nicaragua $1,880/oz and Nevada $1,813/oz.
    • Consolidated YTD gold sales of 166,200 ounces; Nicaragua 140,646 ounces and Nevada 25,554 ounces:
      • Consolidated YTD TCC 1 of $1,379/oz: Nicaragua $1,364/oz and Nevada $1,463/oz;
      • Consolidated YTD AISC 1 of $1,656/oz: Nicaragua $1,554/oz and Nevada $1,734/oz; and
      • In addition to the mine sequence changes at Limon Norte discussed in Q2, year-to-date Nicaragua production was impacted due to lower than budgeted ore deliveries from the new Volcan open pit. Full year production from Volcan is expected to be approximately 20,000 ounces below budget because of the higher-than-expected historical artisanal mining activity. However, ore tonnes and grade from Volcan now align with expectations, as the deposit model has been confirmed by infill drilling. In Nevada, lower tonnes stacked impact metal production by approximately 5,000 ounces for the full year.

    /

    Full Year 2024 Guidance Revision

    • Consolidated 2024 production guidance revised to 230,000-240,000 ounces.
    • Nicaragua’s Q4 mine plans deliver significantly higher ore tonnes mined, with production expected to be 60,000-70,000 ounces. Despite increasing ore haulage to Libertad by 30% to 3,000 tonnes per day in Q4, the Company forecasts an approximate 30,000 ounce increase in stockpiles by year end, available for processing in 2025.
    • Consistent with YTD performance, full year spend is anticipated to be in line with budget, with lower ounces sold resulting in higher TCC 1 and AISC 1 for 2024:
      • Consolidated TCC 1 has been revised to $1,300-$1,350/oz; and
      • Consolidated AISC 1 has been revised to $1,550-$1,600/oz.

    .

    .

    Valentine Construction & Capital Cost Update

    • Construction at Valentine surpasses 81% completion as of September 30, 2024:
      • Tailings Management Facility is complete and ready to receive water;
      • CIL leaching area tanks construction is nearing completion;
      • Reclaim tunnel and coarse ore stockpile construction is progressing;
      • Primary crusher installation is well advanced and overland conveyer construction has commenced; and
      • Pre-commissioning is underway.
    • Through September 30, 2024 Calibre has incurred costs of C$547 million. Estimated initial project capital has increased and is now forecast to be approximately C$744 million, resulting in a remaining cost to complete of C$197 million, inclusive of approximately C$20 million in contingency.
    • With approximately C$300 million in cash (US$115.8 million) and restricted cash (US$100 million) at September 30 Valentine’s initial project capital remains fully funded and the project remains on track to deliver first gold in Q2 2025.
    • The majority of the increase in capital is attributable to underperformance versus plan from certain contractors which has resulted in additional manpower, temporary camp accommodation, and extended time for certain contractor activities. Approximately 30% of the increase is a result of an underestimation in construction materials and scope of site infrastructure. Calibre had time contingencies, therefore remains confident that first gold will be delivered during Q2, 2025.

    /

    Darren Hall, President and Chief Executive Officer of Calibre, stated :

    “Q3 Production was lower than expected primarily due to higher-than-expected historical artisanal mining activity on the initial benches of the Volcan open pit and mine sequencing at Limon. Ore tonnes and grade from Volcan are now aligning with expectations and the deposit model has been confirmed by infill drilling.

    .

    “Consolidated Q4 production is expected to be 70,000-80,000 ounces driven by Nicaragua’s Q4 mine plans which indicate significantly higher ore tonnes mined.

    .

    “It’s important to note that after increasing ore haulage to Libertad by 30% over Q3, to 3,000 tonnes per day, we forecast a stockpile build of approximately 30,000 ounces which will be processed in 2025.

    .

    “We are guiding to finish 2024 approximately 18% below the midpoint of our original production guidance, the 30,000 ounce stockpile positions us well for a strong close to the year and a solid start to 2025. TCC and AISC guidance has been revised reflecting the revised production, with total spend for the year consistent with budget.

    .

    “Construction of the multi-million-ounce Valentine Gold Mine is progressing well, reaching 81% completion at the end of September. Cost pressures have emerged primarily due to contractor performance versus plan, which have resulted in increased manpower and associated costs.

    .

    “The performance issues have been addressed, and we are confidently tracking towards mechanical and electrical completion in early Q1, 2025.

    .

    “With approximately C$300 million in cash and C$197 million cost to complete, the Valentine build remains fully funded and on track for first gold during Q2, 2025, representing a significant milestone in Calibre’s strategy to diversify and grow its production in Canada.”

    .

    .To read the full news release please click HERE

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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

    .



    Cartier cuts a high-grade gold system with 14.7 g/t Au over 4.3 m

    Cartier Resources Inc. (TSX.V: ECR)

    Reported high-grade gold results from drilling exploration at its 100%-owned East Cadillac property, located 45 km east of the Val-d’Or mining camp.

    Highlights included 14.7 g/t Au over 4.3 m included within 5.2 g/t Au over 20.6 m.

     

     

    .

     

     

    .

     

     

    .

    Cartier Resources TSX.v : ECR
    Stage Exploration
    Metals Gold
    Market cap C$28 m   @ 8 cents
    Location Quebec, Canada
    Website www.ressourcescartier.com

    .

    Cartier cuts a broad high-grade gold system at East Cadillac; with 14.7 g/t Au over 4.3 m within 20.6 m grading 5.2 g/t Au

     

     

    /

    Val-d’Or, Québec – October 16, 2024 – Cartier Resources Inc. (TSXV: ECR, FSE: 6CA) (“Cartier” or the “Company”) reports high-grade gold results from drilling exploration at its 100%-owned East Cadillac property.  The latter is located 45 km east of the Val-d’Or mining camp.

     

    Highlights

     

    • The 28,000-m (174 drill holes) drilling exploration program continue to deliver high-grade gold results on the East Cadillac property (FIGURE).

     

    • Multiple high-grade gold intersections over considerable thickness, near surface, form a new gold system at North Contact Sector (Tables1 and 2 below):

     

    • 14.7 g/t Au over 4.3 m included within 5.2 g/t Au over 20.6 m
    • 6.3 g/t Au over 4.0 m included within 3.0 g/t Au over 15.0 m
    • 5.7 g/t Au over 4.0 m including 15.0 g/t Au over 1.0 m

     

    • Two drill rigs continue to explore high-grade gold targets along the regional Larder Lake – Cadillac Fault Zone.

     

     

     

    .

    Philippe Cloutier, President and CEO commented 

    “The results at North Contact are impressive and in the continuity of VG9, VG10 and East Bateman high-grade gold discoveries. 

     

    “This new gold-bearing trend provides us various options generating numerous exploration opportunities to discover one or more gold systems that range from high to moderate gold grade” 

    .

    To read the full news release, please click HERE

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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 Cartier Resources.

    .

    To read our full terms and conditions, please click HERE



    Orla Mining Repays Revolving Credit To Become Debt-Free

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Announced that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility totalling $58.4 million.

     

     

    .

    Orla Mining Camino Rojo plant

    Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant

     

    Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status

     

    .

    Vancouver, BC – October 15, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the “Credit Facility”) totalling $58.4 million.

    With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027. (All amounts expressed are in millions of US dollars and are unaudited).

     

     

    .

    Etienne Morin, Chief Financial Officer stated

     

    “Paying down the remaining outstanding balance on our Credit Facility, only in our third year of operations, is a testament to the robust cash generation from our Camino Rojo Mine.

     

    “Our continued financial discipline coupled with the increasing gold price has strengthened our financial position and accelerated this repayment.

     

    “We are well-positioned to continue to invest in our growing business for the future. Thank you to our lenders for their continued support.” 

    .

    To read the full news release, please click HERE

    .

    The live gold price can be found HERE

    .

    =======

    .

    City Investors Circle is based in the financial district in the City of London

    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.

    .

    To read our full terms and conditions, please click HERE



    Westgold Announces Record Prodution Post Merger

    Westgold Resources (ASX / TSX: WGX)

    Provided preliminary production results for Q1 FY25.

    The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz.

     

     

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    Westgold

     

     

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    Westgold ASX / TSX: WGX
    Stage Production + development
    Metals Gold
    Market cap A$2.56  Billion @ A$2.41
    Location Western Australia
    Website www.westgold.com.au

     

     

    Westgold Reports Record Quarterly Gold Production Post Merger

     

    Westgold on track to meet FY25 Guidance with ramp-up back-ended in H2

     

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    Perth, Western Australia, 14 October 2024: Westgold Resources Limited (ASX/TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to provide preliminary production results for Q1 FY25.

    The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz. For clarity, the merger1 with Karora Resources completed on 1 August 2024 and as such Westgold’s Q1, FY25 result reported here is based upon 3 months of production from the Murchison (52,889 ounces) but only two months of production from the Southern Goldfields operations (24,480 ounces).

    If the pre-merger, July output of 13,988 oz from the Southern Goldfields was included in the full Q1, FY25 result, reported Group gold production would have been 91,357oz.
    Cash, bullion and liquids.

    The Company’s cash, bullion and liquid investments at 30 September was $103.2m – net of the cash consideration and costs relating to the $1.4B Karora merger. With an additional $100m available in its undrawn Revolving Corporate Facility, the Company has $203m in available funds, bolstering liquidity during a period of peak capital investment.

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    Westgold Managing Director and CEO Wayne Bramwell commented:

    “In August Westgold successfully completed a $1.4B merger that created a top 5 ASX and top 10 TSX listed gold producer and propelled the company into the ranks of the ASX200.

     

    “Q1 FY25 delivered our highest quarterly gold production yet, with the results only reflecting two months’ production from our Southern Goldfields operations.

     

    “Westgold remains on-track to achieve our stated full-year production guidance, with production back-ended in the second half of the financial year as Bluebird South-Junction expands to the 1.2Mtpa run rate, Beta Hunt reaches expected run rate of >2Mtpa and mining commences at Great Fingall.

     

    We look forward to delivering more quarterly production records and cash-build as we optimise, then expand our extended portfolio of assets in two of Australia’s most prolific gold producing regions”

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    To read the full news release, please click HERE

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    The live gold price can be found HERE

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