Market Review April 2024
Featured new watchlist company Aris Mining, a gold producer based in Colombia with a plan to increase production to 500,000 Oz PA.
Three watchlist companies became involved in M & A activity, G Mining Ventures, Gold Road, and Karora Resources.
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City Investors Circle Market Review April 2024
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City Investors Circle Market Review April 2024 featured new watchlist company Aris Mining, a gold producer based in Colombia with a plan to increase production to 500,000 Oz PA.
Three watchlist companies became involved in M & A activity, G Mining Ventures, Gold Road Resources, and Karora Resources.
Gold Road bid for 40% of the new Greenstone Gold Mine in Canada, but then withdrew, and the 60% owner, Equinox Gold, stepped in and took the remaining 40% to become 100% owners of the mine.
G Mining Ventures is acquiring Reunion Gold based in Guyana, in the same shield as their Brazilian TZ mine, and a shield where they have experience of constructing four mines already.
This looks a good and logical fit in my opinion.
Karora Resources is being acquired by Western Australia based Westgold, to become a focused gold producer in WA, with substantial reserves and resources, and around a 400,000 Oz gold PA production.
This looks a good fit, but I am disappointed because I envisaged Karora becoming an acquirer, rather than being acquired.
Westgold also plan to dual list on the TSX.
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To read the April 2024 Market Review, please click 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.
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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.
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Disclosure
At the time of writing the author holds shares in Aris Mining, G Mining Ventures, Gold Road Resources, and Karora Resources.
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