City Investors Circle
Stocks from our watchlists claimed the top three places in last week’s drill charts in Canada, and the top place in Australia.
The charts list the best drill results from the past week in terms of width times grade. Continue reading
Catalyst Metals (ASX: CYL)
Announced that it has received the final environmental approval for development of the Trident Gold Project from the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
Catalyst now has all environmental approvals in place to commence mining. Continue reading
Barton Gold (ASX: BGD)
Confirmed that follow-up drilling has been expedited at its South Australian Tarcoola Gold Project, where Tolmer’s new ‘silver zone’ was discovered in a line of seven discovery holes returning three globally significant assays. Continue reading
Mining Review 18th May 2025
Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.
West Red Lake Gold Mining are ramping up to production and the share price is stirring at last. Continue reading
City Investors Circle Watchlist Changes
Out go a few companies that are producing little in progress and newsflow, and in come a few closer to production and more active, with expectations of strong newsflow. Continue reading
G Mining Ventures (TSX: GMIN)
Reported its production and financial results for the quarter ended March 31, 2025.
GMIN produced 35,578 ounces of gold in Doré, at All-in sustaining costs of $960 per oz Au sold. Continue reading
Westgold Resources (ASX | TSX: WGX)
Reported record results for the period ending 31 March 2025 (Q3 FY25).
Gold production in Q3 FY25 of 80,107oz Au @ AISC of A$2,829/oz, consistent with the Q2 FY25 production of 80,886oz Au @ A$2,703/oz Gold sales of 78,398oz at an average price of A$4,630/oz, generating revenue of A$363M.
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of North western Ontario, Canada.
Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m. Continue reading
Orla Mining (TSX: OLA)
Published Q1 figures that disappointed the market as the Musselwhite costs increased the loss on a short term basis.
Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces at an AISC of $850 for Camino Rojo only. Continue reading
Capricorn Metals (ASX: CMM)
Published a Quarterly Exploration Update
Assays received from 89 resource definition holes (15,449 metres) since the last update in January 2025 continue to return exceptional results. Continue reading
Mining Review 11th May 2025
Gold Road Resources agreed to be taken over by Gold Fields, after they received an improved offer.
Catalyst Metals acquired the Old Highway Project from Sandfire Resources, and West Red Lake Gold Mines reported on the first bulk sample gold sales from the Madsen Mine. Continue reading
West Red Lake Gold (TSX.V: WRLG)
Reported on sales of the gold produced from the Madsen Mine bulk sample.
To date the Company has sold 2,350 oz. of the 2,498 oz. that were produced in the bulk sample at a weighted average gold price of US$3,293 per oz Continue reading
Catalyst Metals (ASX:CYL)
Announced that it has signed binding documentation to acquire the Old Highway Gold Deposit from Sandfire Resources for A$32.5m.
Old Highway represents an attractive development opportunity for Catalyst. It sits on granted mining leases, and is in close proximity (40km) to the Plutonic mill. Continue reading
Catalyst Metals (ASX: CYL)
The securities of Catalyst Metals Limited (‘CYL’) will be placed in trading halt at the request of CYL, pending it releasing an announcement. Continue reading
Gold Road Resources (ASX: GOR)
Has entered into a Scheme Implementation Deed with Gold Fields under which Gold Fields has agreed to acquire 100% of the issued share capital in Gold Road by way of a scheme of arrangement.
The current offer price equates to A$3.40 per share plus around a 35 cent special dividend paid at the end. Continue reading
Challenger Gold (ASX: CEL)
We are initiating coverage of Challenger Gold, an ASX listed gold development company moving into production via toll milling later this year in Argentina.
Challenger also has a significant asset in Ecuador it’s looking to sell or spin out, plus other assets based in Australia. Continue reading
Gold Road Resources (ASX: GOR)
The securities of Gold Road Resources Limited (‘GOR’) will be placed in trading halt at the request of GOR, pending it releasing an announcement. Continue reading
Mining Review 4th May 2025
Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia.
It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains. Continue reading
Meeka Metals (ASX: MEK)
Announced that the first ore has been mined from the open pits at the Murchison Gold Project.
Open pit mining achieved a major milestone during April with first ore mined from the St Anne’s North open pit. Continue reading
Calibre Mining Corp. (TSX: CXB)
Announced that holders of Calibre common shares and holders of options issued under Calibre’s amended and restated long-term incentive plan have approved the business combination with Equinox Gold Corp. Continue reading
