Gold Road Resources (ASX: GOR)
Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.
Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces. Continue reading
Mining Review 5th January 2025
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company. Continue reading
American Creek Resources (TSX.V: AMK)
Has entered into an amendment agreement with Cunningham Mining Ltd. to amend the previously announced arrangement agreement between the Purchaser and the Company dated September 5, 2024.
Under the Amendment Agreement, the Outside Date has been extended from December 30, 2024 to January 31, 2025. Continue reading
City Investors Circle Market Review
Market Review for December 2024 has been published.
The highlighted company is Awale Resources.
Ora Banda Mining was the biggest riser of the year at 207%. Continue reading
Happy New Year
City Investors Circle widh all our readers a happy, healthy, and prosprous New Year.
Gold Road Resources (ASX: GOR)
Advised of a binding Farm-in Agreement and share placement transaction with Iceni Gold Limited (ASX: ICL) over tenements around and containing the Guyer Gold Trend, within the 14 Mile Well Gold Project located between Leonora and Laverton in Western Australia. Continue reading
Neometals (ASX / AIM: NMT)
Announced their intention to delist from the London AIM market, due to the cost of maintaining a listing , low liquidity, and the “challenging conditions for financing” in London. Continue reading
G2 Goldfields (TSX: GTWO)
After meeting management twice during 2024, we are initiating coverage of GTWO.
The company has some highly prospective gold licences in a prolific gold belt in Guyana, a tier 1 mining jurisdiction. Continue reading
Merry Christmas from City Investors Circle – London
We would like to wish all our readers a relaxing and peaceful Christmas, and a healthy, prosperous, and Happy New Year for 2025.
It’s been an interesting year, with opportunities for investors in producing gold miners and selected exploration companies to increase portfolio value, with gold breaking records to an all time (nominal) high price.
We should remain positive moving into 2025. Continue reading
City Investors Circle
It’s the end of the year, and the time we review companies on our watchlists for performance and whether they are achieving the objectives as previously stated.
One measure is obviously share price performance, but there’s also the number and frequency of news releases, and any changes in the safety of the Jurisdiction. We have deleted a number of companies. Continue reading
Ora banda Mining (ASX: OBD)
The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.
The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers. Continue reading
Perpetua Resources (TSX: PPTA)
Announced its wholly owned subsidiary, Perpetua Resources Idaho, Inc., has agreed to conduct metallurgical testing of antimony concentrate samples from Perpetua’s Stibnite Gold Project with Montana-based United States Antimony Corporation (NYSE: UAMY). Continue reading
Ora Banda Mining (ASX: OBM)
Provided an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project.
Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. The mine remains on track to deliver first stoping ore in the March-25 Quarter. Continue reading
Galiano Gold ( NYSE / TSX: GAU)
Announced that it has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund Limited for total cash consideration of US$13 million.
The Company had been required to sell 100% of gold production from the Asanko Gold Mine, up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite. Continue reading
Westgold Resources (ASX/ TSX: WGX)
Advised it has executed a gold ore purchase agreement between its subsidiary, Big Bell Gold Operations Pty Ltd, and Zeus Mining Pty Ltd, an entity owned by New Murchison Gold Limited (ASX: NMG).
Under the terms of the OPA, Westgold has agreed to purchase between 30,000 and 50,000 tonnes of gold ore per month from NMG’s planned open pit operation at Crown Prince. Continue reading
Pacgold (ASX: PGO)
Announced first assay results for the regional Aircore drill campaign at the Alice River Gold Project, 300km northwest of Cairns, North Queensland.
Aircore assays have delineated an outstandingly large and coherent gold-arsenic and antimony (Au-As and Sb) anomaly directly within the known geophysical corridor and extending for 1.4km of strike. Continue reading
Capricorn Metals (ASX: CMM)
Ongoing drilling at the Mt Gibson Gold Project (MGGP) has delivered a significant increase of 758,000 ounces (41%) in the Ore Reserve Estimate (ORE).
Update of the April 2023 Pre-feasibility Study confirms MGGP as a transformative, fully funded second mine for Capricorn. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Provided an update on the Company’s interpretation and vision for the Fork Deposit at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.
The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500. Continue reading
Mining Review 15th December 2024
The big news this week was that one of our companies, O3 Mining, has been acquired by Agnico Eagle in a friendly takeover.
Capricorn Metals, Orla Mining, and pacgold all released good exploration results. Continue reading
