Mining Review 11th June 2023
Wesdome Gold Mines confirmed they have suspended activities at their Kiena mine due to the wildfires raging in Canada. Calidus Resources, Maple Gold, Orla Mining and O3 Mining all reported news.
Gold held steady despite more FED rate rise speculation.
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Orla Mining Cerro Quema Project, Panama.
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Mining Review 11th June
Wesdome Gold Mines confirmed they have suspended activities at their Kiena mine due to the wildfires raging in Canada, as a precaution, despite hte fires being around 60 miles away currently.
Other mining companies active in Ontario and Quebec have suspended exploration activities to ensure staff safety.
The fires are out of control and burning over a huge area, causing widespread disruption in the USA, particularly in New York where flights are being suspended and air quality is considered dangerous.
Gold held steady despite more FED rate rise speculation, but silver had a storming week in comparison.
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Wesdome Gold Mines Suspended Kiena Acitivities Due to Fires
Market Data
Week on week price changes
(US$ unless stated)
Metal Prices
| Gold price in UK £ | 1560 | -0.51% |
| Gold | 1961 | +0.67% |
| Silver | 24.29 | +2.84% |
| Palladium | 1333 | -6.19% |
| Platinum | 1026 | +1.79% |
| Rhodium | 6200 | -4.62% |
| Copper | 3.74 | +0.54% |
| Nickel | 9.58 | +1.27% |
| Zinc | 1.08 | +4.85% |
| Tin | 11.77 | +1.47% |
| Cobalt | 13.08 | 0.00% |
| Manganese | 3.13 | +2.29% |
| Lithium | 42845 | +5.46% |
| Uranium | 55.5 | +1.65% |
| Iron Ore | 111.3 | +8.90% |
| Coking Coal | 224 | 0.00% |
| Thermal coal | 145 | +10.69% |
| Magnesium | 3094 | -5.93% |
| Lumber | 365 | +1.39% |
Metal ETFs
| GDX | 31.08 | -1.05% |
| GDXJ | 37.41 | -0.43% |
| Sil | 27.3 | -0.69% |
| SILJ | 9.78 | -2.00% |
| GOEX (PCX) | 25.4 | -0.70% |
| GLD | 182.04 | 0.55% |
| COPX | 37.6 | 0.72% |
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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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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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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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 American Creek Resources, Calidus Resources, Orla Mining, and O3 Mining.
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