Mining Review 15th January 2023
The big news this week is the rise in the copper and gold prices, 8.16% and 2.89% respectively.
Calidus Resources, Gold Road Resources, Karora Resources, Neometals, UEC, and Westhaven Gold all reported positive news this week.
Mining Review 15th January 2023
The big news this week is the rise in the copper and gold prices, 8.16% and 2.89% respectively. Zinc and tin also rose strongly as market sentiment improved as China announced government support for the housing sector.
And it’s just been announced that the Chinese government have bought 100 tons of gold recently, or 320,000 ounces, worth $608 million.
I still think it’ll end in a score draw, neither side can afford to lose financially, so a compromise will eventually be reached, in my opinion.
Companies on our watchlist in the news last week
Calidus Resources, Gold Road Resources, Karora Resources, and Westhaven Gold all reported positive news this week.
Calidus Resources confirmed commercial production for their Warrawoona Gold Mine in Western Australia.
Gold Road confirmed that they would finish the year according to production guidance.
Karora Resources announced record annual gold production for their mine in WA, and seem firmly back on track after their wobble as covid ravaged their workforce after WA unlocked.
Westhaven drilled an excellent 5.66m of 6.83 gpt Au, at their project near Merritt, B.C.
Full details can be found by clicking the links below:
Read more news here
Weekly Price Changes
(US$ unless otherwise stated)
|Gold price in UK £||1570||1.75%|
Metal ETF Prices
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