Gold Road Resources (ASX: GOR)
Following a substantial and protracted regional rain event reported in early March1, the access roads to the Gruyere Gold Mine were impacted by further significant and atypical rainfall on 19 and 28 March. Continue reading
City Investors Circle
The Australian and UK stock markets are closed today.
Canada and the USA markets are open.
City Investors Circle
The Market Review for March 2024 has been published.
The company highlight features Galiano Gold, and companies reporting significant news were Calidus Resources, Karora Resources, and Orla Mining. Continue reading
Karora Resources (TSX: KRR)
Notes the announcement today by Ramelius Resources Ltd (ASX: RMS) that it is no longer in exclusive discussions with Karora regarding a potential transaction. Karora confirms that it has exited such discussions. Continue reading
Global Mining Finance Conference London
We have been informed that the London Global Mining Finance Conference May 2024 date has been changed due to unforeseen circumstances. Continue reading
Calidus Resources (ASX: CAI)
Announced that their subsidiary company Keras (Pilbara) Gold Pty Ltd has signed a contract with RocketDNA for their “drone in a box” solution. Continue reading
Calidus Resources (ASX: CAI)
Calidus announced an increased shareholding by two UK funds, following the recent capital restructure and financing. Continue reading
Karora Resources (TSX: KRR)
Announced financial and operating results for the fourth quarter (“Q4 2023”) and full-year of 2023.
Production was a record 160,492 ounces, increased 20% from 133,887 ounces for 2023, driven by a 37% increase gold produced from the Beta Hunt Mine. The Company exceeded 2023 production guidance. Continue reading
Cornish Metals (AIM/TSX.V: CUSN)
Announced that it has released its annual audited financial statements and management’s discussion and analysis (“MD&A”) for the period ended December 31, 2023. Continue reading
Calidus Resources (ASX: CAI)
Announced that it has received firm commitments from institutional, sophisticated and professional investors for the placement of approximately 143.6 million new fully paid ordinary shares at an issue price of A$0.115 to raise approximately A$16.5m. Continue reading
Calibre Mining (TSX: CXB)
Announced that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
Hole MM24D-12-4640-012 Intersected 5.5m @ 25.12 g/t Au, from 24.0m to 29.5m, Including 1.0m @ 134.90 g/t Au, from 25.0m to 26.0m. Continue reading
Gold Road Resources (ASX: GOR)
Presented a preliminary production update from Gruyere.
Despite a significant rainfall event casing disruption to mine operations guidance for 2024 remains on track. Continue reading
Cornish Metals (AIM / TSX-V: CUSN)
Announced today the departure of Chief Executive Officer Richard Williams, effective on March 31, 2024, when he will also leave the Company’s Board.
Mr. Williams will remain available to the Company on a consulting basis going forward. Continue reading
Mining Review 17th March 2024
News from Calidus Resources dominated the news this week, as they requested their stock be halted on the ASX, and then the ASX announced CAI was suspended from quotation.
The company announced a financial restructuring, which has some investors nervous about a potential downgrade of the stock upon its return to trading.
Calibre Mining (TSX: CXB)
Announced the results of the Company’s updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada properties as of December 31, 2023.
Reserves have grown in both jurisdictions net of depletion since acquisition of each asset. Continue reading
Calidus Resources (ASX: CAI)
the ASX announced that pending the release of an announcement regarding the restructure of CAI’s debt and hedge book with its financier and a capital raising. Continue reading
Orla Mining (TSX: OLA)
Provided an update on its exploration activities at the South Railroad Project in H2 2023.
This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 m. Continue reading
Calidus Resources (ASX: CAI)
The stock has been halted from trading on the ASX at the request of the company pending an announcement. Continue reading
Cartier Resources (TSX.V: ECR)
Announced the results of its ongoing drilling program for the Chimo Mine Project
The highlight was 13.2 g/t Au / 2.3 m including 46.1 g/t Au / 0.5 m. Continue reading
