Mining Review 8th December 2024

Mines and Money London was a fairly lively conference, but with few companies that excited me.

Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold.

 

 

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Mining Review 8th December 2024

Mines and Money London was a fairly lively conference, but with few companies that excited me.

I guess I’ve attended too many conferences and become too aware of the slim chances of companies starting exploration in moose pasture in the back of beyond in the Yukon or Alaska becoming mines in the future.

Those type of companies dominate most mining events these days, with producers and late stage development companies funded through to production being in the minority.

I did like Exploits Discovery as a nearology play to New Found Gold in Newfoundland. I also liked Awale Resources, and Scottie Resources, and I am going to research further before making any invesment decisions.

Borealis Mining enters the Hall of Shame for their non show for an arranged meeting with no apology. Apalling behaviour and a total lack of professionalism.

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Canadian tax loss selling is occuring so there should be at least another week of opportunity before prices might start to rise again, if not longer.

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In this week’s news Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold regarding bidding for their asset in Nicaragua.

Archives

 

Metal Prices	Price	Weekly % change
Gold price in UK £	2069	-0.67%
Gold	2633	-0.34%
Silver	31	2.28%
Palladium	965.6	-1.51%
Platinum	933.8	-0.32%
Rhodium	4575	-3.17%
Copper	4.07	0.74%
Nickel	7.15	0.56%
Zinc	1.41	0.00%
Tin	13.09	2.83%
Cobalt	10.91	-6.59%
Manganese	2.9	0.00%
Lithium	10124	-2.34%
Uranium	77.2	0.13%
Iron Ore	104.6	0.00%
Coking Coal	205	0.49%
Thermal coal	123.5	-10.51%
Metal ETFs	Price	Weekly % change
GLD	242.95	-1.07%
GDX	36.82	-2.23%
GDXJ	47.31	-0.78%
Sil	38.39	5.67%
SILJ	11.79	-0.59%
GOEX  (PCX)	32.88	1.61%
URA	31.8	-1.70%
COPX	41.98	-1.52%
HUI	286.28	-4.92%
Gold / Silver ratio	84.94	-1.93%
10 yr Tbond (TNX)	4.15	-0.72%
2 yr T bond US2Y	4.11	-1.20%
US  index (DXY)	105.97	0.18%
SPJXGD	56.53	-0.07%

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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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness,and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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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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.D