Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.
The Company produced 26,531 ounces of gold in Q4, bringing total annual gold production for 2024 to 136,748 ounces. Orla achieved its already improved 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat. Continue reading
Meeka Metals (ASX: MEK)
Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.
Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation. Continue reading
Meeka Metals (ASX: MEK)
City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.
Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine. Continue reading
Orla Mining (TSX: OLA; NYSE: ORLA)
Announced that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Minefrom Newmont Corporation. Continue reading
Westgold Resources (ASX / TSX: WGX)
Provided preliminary production results for Q2, FY25, where Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.
Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance. Continue reading
Mining Review 12th January 2025
Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.
The price of gold is climbing despite the US dollar and US Treasury rates climbing, a sign of political and economic uncertainty? Continue reading
Calibre Mining Corp. (TSX: CXB)
Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.
Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces. Continue reading
Faraday Copper (TSX: FDY)
Announced the results of five drill holes from its ongoing Phase III drill program at the Copper Creek Project, Arizona.
The highlight was 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Announced the results of the pre-feasibility study prepared in accordance with National Instrument 43-101 for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada. Continue reading
G Mining Ventures (TSX: GMIN)
Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS submissions made in November 2024 for the Corporation’s Oko West Gold Project. Continue reading
G2 Goldfields (TSX:GTWO)
Announced that it has filed the management information circular and related meeting materials for the AGM and SGM of G2 shareholders to be held on January 28, 2025
The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc.
Gold Road Resources (ASX: GOR)
Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.
Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces. Continue reading
Mining Review 5th January 2025
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company. Continue reading
American Creek Resources (TSX.V: AMK)
Has entered into an amendment agreement with Cunningham Mining Ltd. to amend the previously announced arrangement agreement between the Purchaser and the Company dated September 5, 2024.
Under the Amendment Agreement, the Outside Date has been extended from December 30, 2024 to January 31, 2025. Continue reading
City Investors Circle Market Review
Market Review for December 2024 has been published.
The highlighted company is Awale Resources.
Ora Banda Mining was the biggest riser of the year at 207%. Continue reading
Happy New Year
City Investors Circle widh all our readers a happy, healthy, and prosprous New Year.
Advised that Chief Executive Officer (CEO) Kim Massey will retire at the end of January 2025. Kim has overseen the transition of Capricorn from an advanced exploration company to a low-cost gold producer with multiple growth projects.
Current Chief Operating Officer (COO) Paul Criddle has been appointed CEO, reporting to Executive Chairman Mark Clark, effective 3 February 2025. Continue reading
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
Mining Review 29th December 2024
We list our watchlist additions for the New Year, G2 Goldfields, Astral Resources, Awale Resources, Exploits Discovery, and First Atlantic Nickel. Continue reading
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