Mining Review 11th August 2024
A quiet week on the news front, with Calibre Mining announcing first gold ore from their new Volcan pit in Nicaragua.
The price of gold continues to oscilate, whilst most industrial metals continue to fall in price due to economic concerns.
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Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)
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City Investors Circle Mining review 11th August 2024
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A quiet week on the news front, with Calibre Mining announcing first gold ore from their new Volcan pit in Nicaragua. They also recieved approval for the Berry pit at Valentine in Newfoundland.
Victoria Gold have come out fighting, insisting the company will not close and will continue as a mining company, a statement I personally view as very optimistic given their current troubles, and debt position.
The price of gold continues to oscilate.
Some commodity prices have fallen quote sharply in the last month, with silver and copper both falling 10%, as have electronic metals zinc and tin.
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To read the most significant news from our watchlist companies this week, please click on the links below;
Calibre Mining Delivered First Ore from Volcan
Thesis Gold Received Amended 5-Year Exploration Permit
Colonial Coal Featured in new Streetwise Report
Calibre Mining Announced Approval For The Berry Pit at Valentine
Cornish Metals Received Funds from Asset Sale
Click here for all company news archives
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Market Data
Weekly price changes
(US$ unless stated)
| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 1907 | -0.16% |
| Gold | 2432 | -0.41% |
| Silver | 27.48 | -3.78% |
| Palladium | 896 | 1.36% |
| Platinum | 929 | -3.73% |
| Rhodium | 4625 | -0.54% |
| Copper | 3.92 | -3.92% |
| Nickel | 7.26 | 0.83% |
| Zinc | 1.17 | -1.68% |
| Tin | 13.65 | 1.56% |
| Cobalt | 11.72 | -0.34% |
| Manganese | 3.48 | -3.87% |
| Lithium | 10106 | -3.13% |
| Uranium | 81.5 | -3.32% |
| Iron Ore | 99.2 | -3.41% |
| Coking Coal | 195 | -1.02% |
| Thermal coal | 149 | 3.47% |
| Metal ETFs | Price | % change |
| GLD | 224.56 | -0.35% |
| GDX | 35.84 | -1.75% |
| GDXJ | 42.59 | -2.54% |
| Sil | 30.3 | -4.39% |
| SILJ | 10.95 | -4.45% |
| GOEX (PCX) | 28.28 | -0.81% |
| URA | 24.72 | 0.82% |
| COPX | 40.04 | -2.77% |
| HUI | 287.18 | -2.08% |
| ASX:XGD | 21.34 | -3.00% |
| Gold / Silver ratio | 88.50 | 3.50% |
| 10 yr Tbond (TNX) | 3.94 | 3.96% |
| 2 yr T bond US2Y | 4.06 | 4.37% |
| US index (DXY) | 103.15 | -0.07% |
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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.
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